secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0000950170-24-029240
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo reports FY2023 rev $43.9M (+5%), guides FY2024 rev $28-30M; sells TDO, restructures debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017024029240/0000950170-24-029240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017024029240/sonx-20240311.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-029240

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