Sonendo Q3 revenue up 6% to $10.4M; net loss widens to $17.0M, cuts workforce

Sonendo, Inc.

2023-Q3 EPS reported -$0.53 revenue$32,173,000

Total revenue $10.4M (+6% YoY); procedure instrument revenue $5.1M (+7% YoY).
Gross margin 24% (flat); non-GAAP gross margin 36% excluding $1.3M impairment charges.
Net loss $17.0M vs $15.5M; non-GAAP operating loss $10.4M vs $12.4M.
Cash burn reduced to ~$10M in Q3; November 2022 RIF implemented to conserve cash.
FY 2023 revenue guidance ~$44.0M; installed base of 1,076 GentleWave units.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sonendo, Inc. reported third quarter ended September 30, 2023 results: revenue $10.4 million, net income $17.0 million. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $10.4 million
Net income: $17.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

technology company and developer of the GentleWave® System, today reported financial results for the third quarter ended September 30, 2023. Recent Highlights • Total revenue of $10.4 million for the third quarter of 2023, representing growth of 6%, compared to prior year period • Reduced cash burn to approximately $10 million in the third quarter of 2023;

View on SEC.gov

Browse all earnings releases →

Sonendo, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-061093

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.