secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055640
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo Q1 revenue $7.0M beats guidance; raises 2024 revenue outlook to $29-31M
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- Q1 revenue $7.0M, exceeding guidance of $6.0M; installed base 1,142 consoles.
- GAAP operating loss $10.2M; non-GAAP operating loss $7.5M, 41% improvement YoY.
- GAAP gross margin 28%; non-GAAP 30%, improvement >700 bps vs Q1 2023.
- Raised FY2024 revenue guidance to $29-31M from prior $28-30M.
- Divested TDO practice management software in March 2024, gain of $5.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017024055640/0000950170-24-055640-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017024055640/sonx-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055640

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