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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.
Sonendo, a leading dental technology company, will release its second quarter 2022 financial results on August 10, 2022, after market close. A conference call is scheduled for 1:30 PM PT / 4:30 PM ET to discuss the results. Investors can access the call by dialing (844) 200-6205 domestically or (929) 526-1599 internationally, using access code: 283383. The company is known for its GentleWave® System, which innovatively treats tooth decay and enhances dental practice workflows.
Sonendo (NYSE: SONX) has appointed Joanne Lindberg as Vice President of Sales for North America to accelerate sales growth for its GentleWave® System. With over 20 years of experience in the technology and medical device sectors, Lindberg's leadership aims to increase market penetration in the U.S. and Canada. She has a proven track record in high-performing teams and strategic sales execution. CEO Michael Smith expressed confidence in Lindberg's ability to drive the company’s commercial strategy. The GentleWave System addresses over 17 million root canal procedures annually, presenting significant growth opportunities.
Sonendo, Inc. (NYSE: SONX) announced the upcoming departures of Jacqueline Collins, General Counsel, and Mehrzad Khakpour, Chief Technology Officer, both effective July 2022. Collins played a key role in developing the legal framework that facilitated the company's IPO in 2021, while Khakpour contributed to its early research and technology initiatives. The company is currently seeking new leaders to guide its R&D efforts. Despite these changes, Sonendo continues to grow, with over 800,000 GentleWave procedures performed, showcasing the technology's adoption.
On May 24, 2022, Sonendo (NYSE: SONX) appointed Crowe PR as its agency of record to enhance brand visibility through a multi-channel communications program. Crowe PR will support Sonendo's strategic communications for its GentleWave® System, which offers a less invasive alternative to traditional root canal therapy. Since its public debut in October 2021, Sonendo has performed over 800,000 GentleWave procedures, reflecting its growth in the dental technology sector. Executives emphasize a goal to increase awareness among endodontists and consumers.
Sonendo, Inc. (NYSE: SONX), a leader in dental technology, will participate in the Stifel Jaws and Paws Conference on June 1 at 8:35 a.m. ET. President & CEO Bjarne Bergheim and CFO Michael Watts will present during the event. The presentation will be accessible via an audio webcast on the company’s website at www.sonendo.com.
Sonendo develops the GentleWave® System, which revolutionizes root canal therapy by cleaning and disinfecting teeth without invasive procedures, leading to improved clinical outcomes and economics for dental practices.
Sonendo reported a 22% increase in total revenue for Q1 2022, reaching $9.0 million, driven by higher GentleWave console and procedure instrument sales.
Gross margin improved to 25% from 23% year-over-year, despite supply chain disruptions. However, operating expenses grew significantly, leading to a net loss of $15.5 million, up from $10.9 million in Q1 2021. The company maintains its full-year revenue guidance of $40 million to $43 million.
Sonendo (NYSE: SONX) is participating in the American Association of Endodontists’ Annual Meeting from April 27-30, 2022, in Phoenix, AZ. The event marks the first in-person meeting since 2019, expecting over 3,000 industry professionals. Sonendo will showcase its new CleanFlow procedure instrument designed for a less invasive root canal experience. Attendees can engage in hands-on demonstrations of the GentleWave System and attend lectures from key opinion leaders. Sonendo aims to enhance adoption of its technology and network with peers.
Sonendo, Inc. (NYSE: SONX) has launched the CleanFlow™ procedure instrument for its GentleWave® System, aimed at enhancing root canal therapy. This new technology simplifies workflow, minimizes steps for practitioners, and significantly improves patient experience, with 99.5% of patients reporting no pain during the procedure. With over 800,000 GentleWave procedures completed, Sonendo demonstrates strong market adoption and commitment to innovation in dental technology.
Sonendo, Inc. (NYSE: SONX) will announce its financial results for Q1 2022 on May 10, 2022, after market close. A conference call will follow at 1:30 PM PT. Interested investors can listen via phone or through a live webcast on the company’s website. Sonendo is recognized for its GentleWave® System, aimed at treating tooth decay more efficiently while preserving tooth structure. The company will also participate in the Bank of America Healthcare Conference on May 11, 2022, featuring a fireside chat at 10:40 AM PT.
Sonendo, Inc. (NYSE: SONX) has launched the GentleWave Community app, aimed at enhancing endodontic practices. This industry-first application enables GentleWave providers to exchange clinical insights and treatment tips in a private forum. The app is accessible on both iOS and Android platforms, offering features like push notifications and real-time engagement. This initiative is part of Sonendo's commitment to support the specialty of endodontics and improve doctor and patient experiences. It complements existing digital tools such as TDO, Sonendo's practice management software.
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