Welcome to our dedicated page for Sonendo news (Ticker: SONX), a resource for investors and traders seeking the latest updates and insights on Sonendo stock.
Sonendo, Inc. (SONX) is a pioneering company in the dental industry, dedicated to improving oral health through advanced technology. As a privately held, venture-backed firm, Sonendo has developed the GentleWave® System, a groundbreaking innovation in root canal therapy. This system employs multisonic ultracleaning™ technology which uses a broad spectrum of acoustic energy to clean root canals more effectively than traditional methods.
The GentleWave® System is designed to reach deep into the lateral canals and microscopic tubules of the root canal system, ensuring the removal of tissue, debris, biofilm, and bacteria. This technology provides a less invasive and more efficient alternative to standard instrumentation, aiming to save teeth and improve patient outcomes.
Sonendo's commitment to innovation is backed by extensive research and development. The company receives support from prominent investors such as CVF, LLC, Dinova Capital, Fjord Ventures, Meritech Capital Partners, NeoMed Management, and Orbimed Advisors LLC.
In addition to their flagship product, Sonendo is continuously exploring new technologies and methodologies to enhance dental care. Their work not only benefits dental practitioners by enhancing the cleaning process but also significantly impacts patients' lives by offering more effective and gentle treatment options.
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Sonendo, Inc. will report its first quarter 2024 financial results on May 8, 2024, discussing its performance and outlook for the future. Investors can listen to the conference call and access the webcast for more information.
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Sonendo, Inc. (SONX) reported total revenue of $43.9 million for the full year 2023, showing a 5% growth over 2022. The company divested its TDO practice management software segment, generating $16.0 million. Despite macroeconomic challenges, Sonendo improved operating leverage and gross margin in Q4 2023. The company's 2024 financial guidance anticipates revenue between $28.0 million to $30.0 million.
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Sonendo, a dental technology company, announced CFO Michael P. Watts is stepping down to pursue new opportunities. Chris Guo appointed as Interim CFO. The Board will search for a permanent replacement. Watts may consult post-resignation. Company expresses gratitude for Watts' contributions.
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Sonendo, Inc. (SONX) announced the sale of its Software Segment assets to Valsoft Corporation Inc. for approximately $16.0 million. The agreement includes the developer of endodontic practice management software solutions. Sonendo also amended its credit agreement with Perceptive Credit Holdings, LP, involving a $15.0 million principal repayment and modifications to revenue covenants.
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Sonendo, Inc. (SONX) will report financial results for Q4 and full year 2023 on March 11th, 2024. A conference call will be held to discuss the results. Investors can listen via phone or webcast.
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Sonendo, Inc. (OTCQX: SONX) will participate in the Sidoti Virtual Micro-Cap Conference on January 17th. The company's management will present at 1:00 p.m. Pacific Time/4:00 p.m. Eastern Time. A webcast of the presentation will be available on the 'Investors' section of the company's website.
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Sonendo, Inc. (OTCQX: SONX) partners with Dental Purchasing Group (DPG) to provide access to its GentleWave Procedure, a less invasive root canal therapy, to clinicians and patients. The partnership aims to help dental practices increase profitability by offering innovative solutions and enhanced patient experiences.
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Sonendo, Inc. (OTCQX: SONX) partners with BEST for Dentistry to expand access to the GentleWave Procedure, a less invasive and less painful alternative to traditional root canal therapy, in more dental practices across the country.
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Sonendo, Inc. (SONX) received a notice from the NYSE stating that it is not in compliance with the continued listing standards due to its average global market capitalization and stockholders’ equity being less than $50 million. The company intends to submit a plan to regain compliance within 45 days and has applied to trade its Common Stock on the OTCQX under the symbol 'SONX'.
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Sonendo, Inc. (SONE) reported Q3 2023 financial results, with total revenue of $10.4 million and a reduced cash burn of $10 million. The company also announced a reduction in force to conserve cash. Procedure instrument revenue grew by 7% compared to the prior year period, and the ending installed base was 1,076 units. Sonendo also launched the second generation CleanFlowTM Procedure Instrument. Non-GAAP gross margin for Q3 2023 would have been 36% excluding impairment charges. The company expects total revenue for the full year of 2023 to be approximately $44.0 million.
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FAQ
What is the current stock price of Sonendo (SONX)?
The current stock price of Sonendo (SONX) is $1.89 as of February 28, 2025.
What is the market cap of Sonendo (SONX)?
The market cap of Sonendo (SONX) is approximately 1.2M.
What is Sonendo, Inc. known for?
Sonendo, Inc. is known for its advanced dental technologies, including the GentleWave® System, which improves root canal therapy.
What technology does the GentleWave® System use?
The GentleWave® System uses multisonic ultracleaning™ technology to clean root canals more effectively than traditional methods.
How does the GentleWave® System benefit patients?
The GentleWave® System offers a less invasive and more efficient root canal cleaning process, leading to better patient outcomes.
Who are some of Sonendo's investors?
Sonendo's investors include CVF, LLC, Dinova Capital, Fjord Ventures, Meritech Capital Partners, NeoMed Management, and Orbimed Advisors LLC.
Is Sonendo a publicly traded company?
No, Sonendo, Inc. is a privately held, venture-backed company.
What is multisonic ultracleaning™ technology?
Multisonic ultracleaning™ technology uses a broad spectrum of acoustic energy to clean root canals more effectively than traditional methods.
What makes the GentleWave® System unique?
The GentleWave® System is unique because it can reach deep into the lateral canals and microscopic tubules of the root canal system, ensuring thorough cleaning.
How does Sonendo support dental practitioners?
Sonendo supports dental practitioners by providing advanced cleaning technology that enhances the efficiency and effectiveness of root canal treatments.
What impact does Sonendo aim to have on dental care?
Sonendo aims to revolutionize dental care by introducing advanced technologies that improve treatment outcomes and patient experiences.
Where can I find the latest news about Sonendo?
The latest news about Sonendo can be found on their official website or stock market websites like StockTitan.
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