Sintx Technologies Inc Financials

SINT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Sintx Technologies Inc (SINT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 38/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Sintx Technologies Inc has an operating margin of -486.6%, meaning the company retains $-487 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -508.5% the prior year.

Growth

Sintx Technologies Inc's revenue grew 9.9% year-over-year to $2.9M, a solid pace of expansion. This earns a growth score of 57/100.

Leverage

Sintx Technologies Inc has a moderate D/E ratio of 1.42. This balance of debt and equity financing earns a leverage score of 59/100.

Liquidity

With a current ratio of 2.41, Sintx Technologies Inc holds $2.41 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 76/100.

Cash Flow

While Sintx Technologies Inc generated -$8.6M in operating cash flow, capex of $690K consumed most of it, leaving -$9.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Sintx Technologies Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.78x

For every $1 of reported earnings, Sintx Technologies Inc generates $0.78 in operating cash flow (-$8.6M OCF vs -$11.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$2.9M

YoY+9.9%

5Y CAGR+33.2%

10Y CAGR-18.7%

Sintx Technologies Inc generated $2.9M in revenue in fiscal year 2024. This represents an increase of 9.9% from the prior year.

EBITDA

-$13.2M

YoY-6.1%

Sintx Technologies Inc's EBITDA was -$13.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6.1% from the prior year.

Free Cash Flow

-$9.3M

YoY+36.3%

Sintx Technologies Inc generated -$9.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 36.3% from the prior year.

Net Income

-$11.0M

YoY-33.5%

Sintx Technologies Inc reported -$11.0M in net income in fiscal year 2024. This represents a decrease of 33.5% from the prior year.

EPS (Diluted)

$-15.19

Sintx Technologies Inc earned $-15.19 per diluted share (EPS) in fiscal year 2024. This represents an increase of 97.6% from the prior year.

Cash & Debt

$3.6M

YoY+7.7%

5Y CAGR+15.0%

10Y CAGR-15.0%

Sintx Technologies Inc held $3.6M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

Sintx Technologies Inc had 1M shares outstanding in fiscal year 2024. This represents an increase of 4947.8% from the prior year.

Gross Margin

71.9%

YoY+1.7pp

5Y CAGR+51.9pp

10Y CAGR+6.7pp

Sintx Technologies Inc's gross margin was 71.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.

Operating Margin

-486.6%

YoY+21.9pp

5Y CAGR+470.5pp

10Y CAGR-380.4pp

Sintx Technologies Inc's operating margin was -486.6% in fiscal year 2024, reflecting core business profitability. This is up 21.9 percentage points from the prior year.

Net Margin

-381.8%

YoY-67.5pp

5Y CAGR+314.4pp

10Y CAGR-238.7pp

Sintx Technologies Inc's net profit margin was -381.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 67.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$5.2M

YoY-40.3%

5Y CAGR+8.9%

10Y CAGR-2.6%

Sintx Technologies Inc invested $5.2M in research and development in fiscal year 2024. This represents a decrease of 40.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$690K

YoY+30.2%

5Y CAGR+36.2%

10Y CAGR-10.8%

Sintx Technologies Inc invested $690K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 30.2% from the prior year.

SINT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.9M+9.9%	$2.6M+68.3%	$1.6M+157.6%	$606K+2.0%	$594K-13.8%	$689K
Cost of Revenue	$811K+3.4%	$784K+195.8%	$265K-41.0%	$449K-5.5%	$475K-13.8%	$551K
Gross Profit	$2.1M+12.6%	$1.8M+42.2%	$1.3M+725.5%	$157K+31.9%	$119K-13.8%	$138K
R&D Expenses	$5.2M-40.3%	$8.7M+35.1%	$6.5M+9.6%	$5.9M+22.4%	$4.8M+41.7%	$3.4M
SG&A Expenses	$4.0M-5.3%	$4.2M+5.8%	$4.0M+10.7%	$3.6M+15.0%	$3.1M+7.7%	$2.9M
Operating Income	-$14.0M-5.2%	-$13.4M-17.8%	-$11.3M-6.7%	-$10.6M-24.9%	-$8.5M-29.0%	-$6.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$11.0M-33.5%	-$8.3M+31.4%	-$12.0M-29.3%	-$9.3M-32.4%	-$7.0M-46.5%	-$4.8M
EPS (Diluted)	$-15.19	$-624.47	$-60.81-52.4%	$-39.91	$-1.08	$-5.69

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$208K+37.7%	$151K-59.1%	$369K-31.9%	$542K-36.9%	$859K+25.0%	$687K-23.8%	$902K+33.0%	$678K
Cost of Revenue	$115K+22.3%	$94K-61.8%	$246K+59.7%	$154K-31.3%	$224K+0.4%	$223K-49.9%	$445K+280.3%	$117K
Gross Profit	$93K+63.2%	$57K-53.7%	$123K-68.3%	$388K-38.9%	$635K+36.9%	$464K+1.5%	$457K-18.5%	$561K
R&D Expenses	$1.3M+2.1%	$1.2M+10.9%	$1.1M+57.4%	$709K-57.7%	$1.7M-16.9%	$2.0M+9.7%	$1.8M-27.1%	$2.5M
SG&A Expenses	$2.1M+60.5%	$1.3M+12.9%	$1.2M+16.0%	$1.0M-6.7%	$1.1M-4.5%	$1.1M+25.5%	$895K-9.6%	$990K
Operating Income	-$3.4M-25.9%	-$2.7M-11.8%	-$2.4M-37.6%	-$1.7M+36.1%	-$2.7M+15.2%	-$3.2M-17.4%	-$2.7M+24.7%	-$3.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$3.5M-52.7%	-$2.3M-1.1%	-$2.3M-35.2%	-$1.7M+23.1%	-$2.2M-148.8%	-$886K+61.8%	-$2.3M+27.2%	-$3.2M
EPS (Diluted)	$-3.46-280.2%	$-0.91+29.5%	$-1.29-107.6%	$17.04+572.0%	$-3.61	$-21.66	$-306.22	$-161.21

SINT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$9.4M-38.7%	$15.4M-2.6%	$15.8M-27.8%	$21.8M-28.3%	$30.4M+232.9%	$9.1M
Current Assets	$4.8M-13.8%	$5.5M-23.3%	$7.2M-52.0%	$15.0M-45.5%	$27.6M+579.1%	$4.1M
Cash & Equivalents	$3.6M+7.7%	$3.3M-46.5%	$6.2M-56.2%	$14.3M-43.7%	$25.4M+1318.6%	$1.8M
Inventory	$502K-43.5%	$888K+20.5%	$737K+23.5%	$597K+22.6%	$487K-23.8%	$639K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.5M-16.3%	$6.6M-34.5%	$10.1M+116.8%	$4.6M0.0%	$4.6M+17.7%	$3.9M
Current Liabilities	$2.0M-31.8%	$2.9M-64.0%	$8.1M+194.1%	$2.7M-4.6%	$2.9M+39.4%	$2.1M
Long-Term Debt	N/A	N/A	$368K	N/A	$287K+2291.7%	$12K
Total Equity	$3.9M-55.6%	$8.8M+53.8%	$5.7M-66.8%	$17.2M-33.4%	$25.8M+396.0%	$5.2M
Retained Earnings	-$281.7M-4.1%	-$270.7M-3.1%	-$262.5M-4.8%	-$250.4M-3.9%	-$241.1M-3.0%	-$234.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$11.4M+23.6%	$9.2M-19.7%	$11.4M+21.6%	$9.4M-38.5%	$15.3M-12.9%	$17.6M+14.3%	$15.4M-0.9%	$15.5M
Current Assets	$7.4M+33.3%	$5.5M-27.2%	$7.6M+59.7%	$4.8M-18.6%	$5.9M-22.0%	$7.5M+35.8%	$5.5M-30.1%	$7.9M
Cash & Equivalents	$6.3M+44.7%	$4.3M-33.5%	$6.5M+80.7%	$3.6M-21.0%	$4.6M-20.9%	$5.8M+72.5%	$3.3M-46.3%	$6.2M
Inventory	$447K+25.9%	$355K-16.5%	$425K-15.3%	$502K-50.8%	$1.0M-13.3%	$1.2M+32.4%	$888K-16.6%	$1.1M
Accounts Receivable	N/A	N/A	$91K	N/A	N/A	N/A	N/A	N/A
Goodwill	$302K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.3M+40.1%	$5.2M-2.8%	$5.4M-2.9%	$5.5M-14.4%	$6.5M-15.5%	$7.6M+15.8%	$6.6M+36.7%	$4.8M
Current Liabilities	$4.3M+101.4%	$2.2M-2.4%	$2.2M+11.6%	$2.0M-34.4%	$3.0M-26.1%	$4.1M+40.7%	$2.9M-23.1%	$3.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.1M+2.0%	$4.0M-34.5%	$6.1M+56.4%	$3.9M-56.0%	$8.8M-10.9%	$9.9M+13.2%	$8.8M-17.9%	$10.7M
Retained Earnings	-$289.9M-1.2%	-$286.3M-0.8%	-$284.0M-0.8%	-$281.7M-2.9%	-$273.8M-0.8%	-$271.6M-0.3%	-$270.7M-0.9%	-$268.4M

SINT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$8.6M+38.8%	-$14.1M-37.5%	-$10.3M-1.3%	-$10.1M-11.1%	-$9.1M-41.6%	-$6.4M
Capital Expenditures	$690K+30.2%	$530K-62.3%	$1.4M-62.5%	$3.7M+940.0%	$360K+144.9%	$147K
Free Cash Flow	-$9.3M+36.3%	-$14.6M-25.5%	-$11.7M+15.9%	-$13.9M-46.4%	-$9.5M-43.9%	-$6.6M
Investing Cash Flow	-$194K+61.3%	-$501K+54.5%	-$1.1M+33.5%	-$1.7M-194.6%	$1.8M+26.8%	$1.4M
Financing Cash Flow	$9.1M-22.3%	$11.7M+251.0%	$3.3M+373.2%	$705K-97.7%	$30.9M+2118.4%	$1.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$2.5M-4.5%	-$2.4M-85.2%	-$1.3M-15.7%	-$1.1M+49.3%	-$2.2M+19.0%	-$2.7M+12.6%	-$3.1M-7.3%	-$2.9M
Capital Expenditures	$84K	$0-100.0%	$59K-59.6%	$146K-59.3%	$359K+106.3%	$174K+135.1%	$74K-39.3%	$122K
Free Cash Flow	-$2.6M-8.0%	-$2.4M-77.1%	-$1.4M-7.1%	-$1.3M+50.7%	-$2.6M+11.5%	-$2.9M+9.2%	-$3.2M-5.4%	-$3.0M
Investing Cash Flow	$666K+89.2%	$352K+658.7%	-$63K-730.0%	$10K	$0+100.0%	-$173K-179.0%	-$62K+41.0%	-$105K
Financing Cash Flow	$3.8M+3174.0%	-$123K-102.9%	$4.3M+4282.4%	-$102K-110.1%	$1.0M-81.0%	$5.3M+1613.2%	$311K+453.4%	-$88K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$47K-45.3%	$86K	N/A	N/A	N/A	N/A	N/A

SINT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	71.9%+1.7pp	70.2%-12.9pp	83.0%+57.1pp	25.9%+5.9pp	20.0%0.0pp	20.0%
Operating Margin	-486.6%+21.9pp	-508.5%+217.6pp	-726.1%+1026.3pp	-1752.5%-320.8pp	-1431.6%-474.6pp	-957.0%
Net Margin	-381.8%-67.5pp	-314.4%+456.9pp	-771.2%+764.9pp	-1536.1%-352.8pp	-1183.3%-487.1pp	-696.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-117.1%-63.4pp	-53.8%+22.6pp	-76.3%-33.7pp	-42.6%-19.5pp	-23.1%+29.3pp	-52.4%
Current Ratio	2.41+0.5	1.90+1.0	0.89-4.6	5.47-4.1	9.58+7.6	1.97
Debt-to-Equity	1.42+0.7	0.75+0.7	0.06-0.2	0.27+0.3	0.010.0	0.00
FCF Margin	-323.2%+234.2pp	-557.5%+190.0pp	-747.5%+1541.5pp	-2288.9%-694.3pp	-1594.6%-639.3pp	-955.3%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	44.7%+7.0pp	37.8%+4.4pp	33.3%-38.3pp	71.6%-2.3pp	73.9%+6.4pp	67.5%+16.9pp	50.7%-32.1pp	82.7%
Operating Margin	-1613.0%+151.9pp	-1764.9%-1119.1pp	-645.8%-326.2pp	-319.6%-4.1pp	-315.5%+149.9pp	-465.4%-163.5pp	-301.9%+231.2pp	-533.0%
Net Margin	-1701.4%-166.3pp	-1535.1%-914.0pp	-621.1%-308.4pp	-312.7%-56.2pp	-256.6%-127.6pp	-129.0%+128.3pp	-257.3%+213.2pp	-470.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-31.1%-5.9pp	-25.2%-5.2pp	-20.0%-2.0pp	-18.0%-3.6pp	-14.4%-9.4pp	-5.1%+10.1pp	-15.1%+5.4pp	-20.6%
Current Ratio	1.70-0.9	2.57-0.9	3.44+1.0	2.41+0.5	1.94+0.1	1.84-0.1	1.90-0.2	2.09
Debt-to-Equity	1.79+0.5	1.31+0.4	0.88-0.5	1.42+0.7	0.73-0.0	0.77+0.0	0.75+0.3	0.45
FCF Margin	-1250.5%+344.9pp	-1595.4%-1226.8pp	-368.6%-134.2pp	-234.3%+65.3pp	-299.7%+123.5pp	-423.1%-68.1pp	-355.0%+93.1pp	-448.1%

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Frequently Asked Questions

What is Sintx Technologies Inc's annual revenue?

Sintx Technologies Inc (SINT) reported $2.9M in total revenue for fiscal year 2024. This represents a 9.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Sintx Technologies Inc's revenue growing?

Sintx Technologies Inc (SINT) revenue grew by 9.9% year-over-year, from $2.6M to $2.9M in fiscal year 2024.

Is Sintx Technologies Inc profitable?

No, Sintx Technologies Inc (SINT) reported a net income of -$11.0M in fiscal year 2024, with a net profit margin of -381.8%.

What is Sintx Technologies Inc's earnings per share (EPS)?

Sintx Technologies Inc (SINT) reported diluted earnings per share of $-15.19 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Sintx Technologies Inc's EBITDA?

Sintx Technologies Inc (SINT) had EBITDA of -$13.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Sintx Technologies Inc's gross margin?

Sintx Technologies Inc (SINT) had a gross margin of 71.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Sintx Technologies Inc's operating margin?

Sintx Technologies Inc (SINT) had an operating margin of -486.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Sintx Technologies Inc's net profit margin?

Sintx Technologies Inc (SINT) had a net profit margin of -381.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Sintx Technologies Inc's free cash flow?

Sintx Technologies Inc (SINT) generated -$9.3M in free cash flow during fiscal year 2024. This represents a 36.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Sintx Technologies Inc's operating cash flow?

Sintx Technologies Inc (SINT) generated -$8.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Sintx Technologies Inc's total assets?

Sintx Technologies Inc (SINT) had $9.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Sintx Technologies Inc's capital expenditures?

Sintx Technologies Inc (SINT) invested $690K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Sintx Technologies Inc spend on research and development?

Sintx Technologies Inc (SINT) invested $5.2M in research and development during fiscal year 2024.

How many shares does Sintx Technologies Inc have outstanding?

Sintx Technologies Inc (SINT) had 1M shares outstanding as of fiscal year 2024.

What is Sintx Technologies Inc's current ratio?

Sintx Technologies Inc (SINT) had a current ratio of 2.41 as of fiscal year 2024, which is generally considered healthy.

What is Sintx Technologies Inc's debt-to-equity ratio?

Sintx Technologies Inc (SINT) had a debt-to-equity ratio of 1.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sintx Technologies Inc's return on assets (ROA)?

Sintx Technologies Inc (SINT) had a return on assets of -117.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Sintx Technologies Inc's cash runway?

Based on fiscal year 2024 data, Sintx Technologies Inc (SINT) had $3.6M in cash against an annual operating cash burn of $8.6M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Sintx Technologies Inc's Piotroski F-Score?

Sintx Technologies Inc (SINT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Sintx Technologies Inc's earnings high quality?

Sintx Technologies Inc (SINT) has an earnings quality ratio of 0.78x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Sintx Technologies Inc?

Sintx Technologies Inc (SINT) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.