8-K
filed March 11, 2024, 7:59 PM ET
ticker SONX
CIK 0001407973
earnings
confidence high
sentiment negative
materiality 0.75
Sonendo reports FY2023 rev $43.9M (+5%), guides FY2024 rev $28-30M; sells TDO, restructures debt
Sonendo, Inc.
- FY2023 rev $43.9M (+5% YoY); Q4 rev $11.7M (down from $12.2M).
- Net loss FY2023 $60.9M vs $57.1M in 2022; Q4 net loss $10.9M unchanged.
- Guides FY2024 rev $28-30M (ex-TDO); cash $46.8M at year-end.
- Divested TDO software for ~$16M; restructured Perceptive loan with $15M repayment & monthly payments.
- Installed base 1,134 units (+16% YoY); Q4 GAAP gross margin 33% vs 27% prior year.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.85
Sonendo, Inc. reported the full year 2023 results: revenue $43.9 million, net income $60.9 million.
- Period
- the full year 2023
- Revenue
- $43.9 million
- Net income
- $60.9 million
- Result
- reported results
Exact text from the filing
Total revenue was $43.9 million for the full year 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.85
Sonendo, Inc. reported the fourth quarter of 2023 results: revenue $11.7 million, net income $10.9 million.
- Period
- the fourth quarter of 2023
- Revenue
- $11.7 million
- Net income
- $10.9 million
- Result
- reported results
Exact text from the filing
Total revenue was $11.7 million for the fourth quarter of 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Sonendo, Inc. reported the full year 2024 results: revenue $28.0 million to $30.0 million. Guidance initiated.
- Period
- the full year 2024
- Revenue
- $28.0 million to $30.0 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
The Company expects the full year 2024 total revenue to be in the range of $28.0 million to $30.0 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.85
Sonendo, Inc. reported the quarter and year ended December 31, 2023 results: revenue $43.9 million, net income $60.9 million.
- Period
- the quarter and year ended December 31, 2023
- Revenue
- $43.9 million
- Net income
- $60.9 million
- Result
- reported results
Exact text from the filing
technology company and developer of the GentleWave® System, today reported financial results for the quarter and year ended December 31, 2023. Highlights • Total revenue of $43.9 million for the full year 2023, representing growth of 5% over the full year 2022 • As of December 31, 2023, the installed base was 1,134 units, representing growth of approximately 16%
View on SEC.gov
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