Sonendo Q3 revenue $8M, gross margin 41.2%, operating loss $7.5M; evaluating strategic alternatives

Sonendo, Inc.

2024-Q3 EPS reported -$45.59 vs consensus -$20.40 ▼ miss (-123.5%)

Q3 2024 total revenue $8.0M; GAAP operating loss $7.5M, improved 57% YoY.
GAAP gross margin 41.2%, adjusted gross margin 42.6%, driven by lower manufacturing and warranty costs.
Adjusted EBITDA loss $5.1M (54% YoY improvement); free cash flow burn $4.3M (59% reduction).
Company was not the winning bidder in Biolase bankruptcy auction; evaluating financing and strategic alternatives.
Double-digit console backlog carried over for third consecutive quarter.

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.