secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000950170-23-061093
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017023061093/0000950170-23-061093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017023061093/sonx-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-061093

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