secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019662
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo Q1 revenue $10.7M (+19% YoY); net loss $15.4M; maintains FY guidance
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- Procedure instrument revenue $5.7M (+33% YoY); installed base reached 1,005 GentleWave consoles.
- Gross margin improved to 31% from 25% in Q1 2022 and 27% in Q4 2022.
- Net loss $15.4M vs $15.5M in prior year; operating loss $14.8M.
- Q2 2023 revenue guidance $11.0M-$11.4M; full-year reaffirmed at $48M-$51M.
- Cash and short-term investments $74.9M as of March 31, plus $3.2M ERC received in April.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017023019662/0000950170-23-019662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017023019662/sonx-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019662

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer