earnings
confidence high
sentiment negative
materiality 0.65
Sonendo Q2 2022 revenue $10.5M, up 32% YoY; net loss widens to $15.1M
Sonendo, Inc.
2022-Q2 EPS reported
-$1.16
revenue$19,580,000
- Total revenue $10.5M (+32% YoY); procedure instrument revenue $4.8M, console $2.7M, software $2.1M.
- GAAP net loss of $15.1M vs $11.1M in Q2 2021; operating loss $14.3M vs $9.9M.
- Gross margin 24% (down 200 bps YoY) due to ~300 bps supply chain headwinds.
- Full-year 2022 revenue guidance $40.5M-$42.5M (22-28% growth).
- Cash and short-term investments $51.8M; long-term borrowings $30.0M; accessed $10M credit tranche.