Sonendo Q2 revenue up 5% to $11M; net loss widens to $17.7M; guides FY rev $44-46M

Sonendo, Inc.

2023-Q2 EPS reported -$0.35 revenue$21,767,000

Total revenue $11.0M (+5% YoY); procedure instrument revenue $5.6M (+16% YoY).
Gross margin fell to 10% from 24% due to $1.7M Gen3 console and $1.2M legacy instrument inventory charges.
Net loss $17.7M vs $15.1M; operating loss $17.0M vs $14.3M.
Cash & short-term investments $65.9M. Guides Q3 revenue $10.2-10.6M; FY 2023 $44-46M.
Installed base 1,040 units; CleanFlow now indicated for anterior teeth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sonendo, Inc. reported the quarter ended June 30, 2023 results: revenue $11.0 million, net income $17.7 million. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $11.0 million
Net income: $17.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

dental technology company and developer of the GentleWave® System, today reported financial results for the quarter ended June 30, 2023. Recent Highlights • Total revenue of $11.0 million for the second quarter of 2023, representing growth of 5%, compared to prior year period • Procedure instrument revenue of $5.6 million for the second quarter of 2023,

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Source: SEC EDGAR

accession 0000950170-23-040585

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