SONENDO (SONX) Financials
Newest figures come from the 10-K for FY2024, filed Mar 26, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SONX SEC filings page.
SONENDO INC (SONX) reported $33.2M in revenue for fiscal year 2024, down 24.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Margins improved sharply as costs fell, but operating losses still overwhelm Sonendo’s smaller revenue base.
The near match between a net loss of$28.0M and operating cash flow of-$24.7M indicates that reported losses are translating into cash outflow rather than mostly accounting charges. Because free cash flow was-$24.8M despite only$161K of capital expenditures, ongoing operations—not reinvestment—remain the main cash drain.
Revenue fell
Assets fell
Financial Health Signals
SONENDO INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
SONENDO INC scores -22.11, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $458.0M against total assets of $31.3M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
SONENDO INC passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
SONENDO INC reported a net loss of $28.0M while operations used $24.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
SONENDO INC reported an operating loss of $29.4M against $5.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
SONENDO INC generated $9.8M in revenue in Q4 2024. This represents a decrease of 16.2% from the same quarter a year earlier. Against the prior quarter it is up 22.0%.
SONENDO INC's EBITDA was -$5.6M in Q4 2024, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
SONENDO INC reported a net loss of $6.4M in Q4 2024. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
SONENDO INC earned -$13.44 per diluted share (EPS) in Q4 2024. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
SONENDO INC recorded an outflow of $2.9M in free cash flow in Q4 2024, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
SONENDO INC held $10.2M in cash against $3.6M in long-term debt as of Q4 2024.
Not reported for Q4 2024.
Margins & Returns
SONENDO INC's gross margin was 34.8% in Q4 2024, indicating the percentage of revenue retained after direct costs. This is up 15.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.3 percentage points.
SONENDO INC's operating margin was -57.5% in Q4 2024, reflecting core business profitability. This is up 30.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 27.0 percentage points.
SONENDO INC's net profit margin was -65.0% in Q4 2024, showing the share of revenue converted to profit. This is up 28.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 28.8 percentage points.
SONENDO INC's quarterly ROE was -122.7% in Q4 2024: one quarter's net income over shareholder equity, not annualized. This is down 84.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 54.0 percentage points.
Capital Allocation
SONENDO INC invested $1.4M in research and development in Q4 2024. This represents a decrease of 28.1% from the same quarter a year earlier. Against the prior quarter it is down 11.0%.
SONENDO INC reported no capital expenditure in Q4 2024. This represents a decrease of 100.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q4 2024.
SONX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.8M-16.2% | $8.0M-22.8% | $8.3M-24.7% | $7.0M-34.3% | $11.7M-4.4% | $10.4M+5.7% | $11.0M+4.7% | $10.7M+18.7% |
| Cost of Revenue | $5.0M-39.3% | $4.7M-28.6% | $5.2M-47.7% | $4.9M-26.9% | $8.3M-6.8% | $6.6M-12.1% | $9.9M+24.4% | $6.7M-0.8% |
| Gross Profit | $3.4M+49.0% | $3.3M+274.4% | $3.1M+183.8% | $2.0M+1.2% | $2.3M-31.2% | $884K-61.9% | $1.1M-57.0% | $2.0M-13.2% |
| R&D Expenses | $1.4M-28.1% | $1.6M-43.0% | $1.6M-43.3% | $2.2M-25.2% | $2.0M-45.1% | $2.8M-35.6% | $2.8M-31.2% | $2.9M-39.6% |
| SG&A Expenses | $7.6M-34.8% | $8.5M-36.7% | $8.2M-44.2% | $10.1M-28.7% | $11.7M-19.3% | $13.4M+6.8% | $14.8M+15.0% | $14.1M+17.8% |
| Operating Income | -$5.6Mn/m | -$6.8Mn/m | -$6.7Mn/m | -$10.2Mn/m | -$10.3Mn/m | -$16.6Mn/m | -$17.4Mn/m | -$15.1Mn/m |
| EBITDA | -$5.6Mn/m | -$6.7Mn/m | -$6.6Mn/m | -$10.1Mn/m | -$10.1Mn/m | -$16.0Mn/m | -$16.9Mn/m | -$14.6Mn/m |
| Interest Expense | N/A | $1.0M-38.8% | N/A | N/A | N/A | $1.6M | N/A | N/A |
| Net Income | -$6.4Mn/m | -$7.5Mn/m | -$7.4Mn/m | -$6.8Mn/m | -$10.9Mn/m | -$17.0Mn/m | -$17.7Mn/m | -$15.4Mn/m |
| EPS (Basic) | -$13.44 | -$15.77 | -$0.08n/m | -$0.07n/m | -$0.12 | -$36.02 | -$0.19 | -$0.16 |
| EPS (Diluted) | -$13.44 | -$15.77 | -$0.08n/m | -$0.07n/m | -$0.12 | -$36.02 | -$0.19 | -$0.16 |
| Diluted Shares (Avg) | N/A | 477,857 | 95M+1.9% | 95M+1.5% | N/A | 471,427 | 94M | 93M |
Not reported in any period shown, so not listed: Income Tax.
SONX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $31.3M-60.0% | $38.1M-56.8% | $46.3M-55.5% | $56.8M-54.2% | $78.2M-43.1% | $88.3M-38.2% | $104.1M+18.5% | $123.9M+25.3% |
| Current Assets | $27.8M-57.4% | $34.7M-54.0% | $42.5M-51.3% | $52.7M-50.5% | $65.3M-46.1% | $75.5M-40.6% | $87.2M+21.6% | $106.4M+28.5% |
| Cash & Equivalents | $10.2M-27.0% | $13.1M+8.3% | $15.7M+25.0% | $18.6M+46.9% | $14.0M-20.7% | $12.1M-82.4% | $12.6M-28.6% | $12.6M-80.9% |
| Short-Term Investments | $1.4M-95.7% | $4.2M-90.4% | $8.5M-84.0% | $15.0M-75.9% | $32.8M-55.6% | $43.8M+18.3% | $53.3M+55.8% | $62.3Mn/m |
| Inventory | $10.2M-7.8% | $11.5M+0.4% | $11.8M-10.4% | $12.1M-24.1% | $11.1M-28.4% | $11.4M-24.6% | $13.2M+4.0% | $16.0M+57.6% |
| Accounts Receivable | $3.7M-23.1% | $4.4M-20.6% | $4.5M-28.2% | $4.2M-35.1% | $4.8M-17.4% | $5.6M+67.2% | $6.3M+94.2% | $6.4M+138.0% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | N/A | N/A | N/A | N/A | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% | $8.5M0.0% |
| Total Liabilities | $26.1M-47.6% | $27.2M-46.3% | $28.4M-44.3% | $32.2M-41.7% | $49.7M-10.1% | $50.5M-3.9% | $51.1M+19.2% | $55.3M+36.0% |
| Current Liabilities | $19.9M-43.5% | $19.1M+73.0% | $17.7M+56.3% | $19.0M+24.4% | $35.3M+111.3% | $11.1M-23.0% | $11.3M-20.7% | $15.2M+26.0% |
| Non-Current Liabilities | $6.1M-57.5% | $8.1M-79.6% | $10.7M-73.1% | $13.3M-66.9% | $14.4M-62.7% | $39.5M+3.3% | $39.7M+39.1% | $40.1M+40.1% |
| Long-Term Debt | $3.6M-70.8% | $6.1M-83.6% | $8.5M-77.0% | $10.9M-70.4% | $12.5M-66.1% | $37.2M+1.6% | $37.0M+39.0% | $36.9M+38.6% |
| Total Equity | $5.2M-81.7% | $11.0M-71.0% | $17.9M-66.3% | $24.5M-64.2% | $28.4M-65.3% | $37.8M-58.2% | $53.0M+17.8% | $68.6M+17.9% |
| Retained Earnings | -$458.0Mn/m | -$451.7Mn/m | -$444.1Mn/m | -$436.8Mn/m | -$430.0Mn/m | -$419.1Mn/m | -$402.2Mn/m | -$384.5Mn/m |
SONX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.9Mn/m | -$4.3Mn/m | -$6.7Mn/m | -$10.7Mn/m | -$9.5Mn/m | -$10.2Mn/m | -$9.4Mn/m | -$17.0Mn/m |
| Depreciation & Amortization | $75K-32.4% | $76K-87.0% | $73K-84.5% | $115K-77.2% | $111K-76.6% | $584K+25.1% | $471K+42.3% | $505K+22.6% |
| Stock-Based Compensation | N/A | $630K-64.7% | $703K-65.9% | $2.9M+48.8% | N/A | $1.8M+3.5% | $2.1M+5.4% | $1.9M+39.3% |
| Capital Expenditures | $0-100.0% | $0-100.0% | $15K-96.4% | $146K-30.5% | $86K-73.5% | $216K-8.9% | $417K-43.5% | $210K+275.0% |
| Free Cash Flow | -$2.9Mn/m | -$4.3Mn/m | -$6.7Mn/m | -$10.8Mn/m | -$9.6Mn/m | -$10.4Mn/m | -$9.8Mn/m | -$17.2Mn/m |
| Investing Cash Flow | $2.8M-75.7% | $4.4M-55.1% | $6.5M-28.6% | $32.1M+168.1% | $11.4Mn/m | $9.8Mn/m | $9.2Mn/m | $12.0Mn/m |
| Financing Cash Flow | -$2.7M-271200.0% | -$2.7Mn/m | -$2.7M-2585.3% | -$16.8Mn/m | $1Kn/m | -$100K-100.1% | $109Kn/m | -$6Kn/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SONX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.8%+15.2pp | 41.2%+32.7pp | 37.5%+27.5pp | 28.4%+10.0pp | 19.6%-7.6pp | 8.5%-15.0pp | 9.9%-14.3pp | 18.4%-6.8pp |
| Operating Margin | -57.5%+30.4pp | -84.5% | -80.4% | -145.4% | -87.9% | -159.2% | -157.2% | -140.5% |
| Net Margin | -65.0%+28.1pp | -93.8% | -88.6% | -96.0% | -93.0%-4.3pp | -163.2% | -160.2% | -143.3% |
| Return on Equity | -122.7%-84.4pp | -68.7%-23.8pp | -41.2%-7.9pp | -27.6%-5.2pp | -38.3%-25.0pp | -44.9%-27.7pp | -33.4%+0.3pp | -22.4%+4.3pp |
| Return on Assets | -20.4%-6.5pp | -19.8%-0.5pp | -15.9%+1.1pp | -11.9%+0.5pp | -13.9%-6.0pp | -19.2%-8.3pp | -17.0%+0.2pp | -12.4%+3.3pp |
| Current Ratio | 1.39-0.5x | 1.82-5.0x | 2.40-5.3x | 2.78-4.2x | 1.85-5.4x | 6.83-2.0x | 7.69+2.7x | 6.99+0.1x |
| Debt-to-Equity | 0.70+0.3x | 0.55-0.4x | 0.48-0.2x | 0.44-0.1x | 0.440.0x | 0.98+0.6x | 0.70+0.1x | 0.54+0.1x |
| Liabilities-to-Equity | 5.02+3.3x | 2.48+1.1x | 1.59+0.6x | 1.31+0.5x | 1.75+1.1x | 1.34+0.8x | 0.960.0x | 0.81+0.1x |
| Asset Turnover | 0.31+0.2x | 0.21+0.1x | 0.18+0.1x | 0.120.0x | 0.15+0.1x | 0.120.0x | 0.110.0x | 0.090.0x |
| FCF Margin | -29.9%+52.1pp | -53.6% | -81.0%+7.6pp | -153.8% | -82.0% | -100.3% | -88.6% | -160.3% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Where SONENDO INC Ranks
Frequently Asked Questions
What is SONENDO INC's annual revenue?
SONENDO INC (SONX) reported $33.2M in total revenue for fiscal year 2024. This represents a -24.3% 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 SONENDO INC's revenue growing?
SONENDO INC (SONX) revenue declined by 24.3% year-over-year, from $43.9M to $33.2M in fiscal year 2024.
Is SONENDO INC profitable?
No, SONENDO INC (SONX) reported a net loss of $28.0M in fiscal year 2024, with a net profit margin of -84.4%.
What is SONENDO INC's EBITDA?
SONENDO INC (SONX) had EBITDA of -$29.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does SONENDO INC have?
As of fiscal year 2024, SONENDO INC (SONX) had $10.2M in cash and equivalents against $3.6M in long-term debt.
What is SONENDO INC's gross margin?
SONENDO INC (SONX) had a gross margin of 35.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is SONENDO INC's operating margin?
SONENDO INC (SONX) had an operating margin of -88.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is SONENDO INC's net profit margin?
SONENDO INC (SONX) had a net profit margin of -84.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is SONENDO INC's return on equity (ROE)?
SONENDO INC (SONX) has a return on equity of -540.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is SONENDO INC's free cash flow?
SONENDO INC (SONX) recorded an outflow of $24.8M in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 SONENDO INC's operating cash flow?
SONENDO INC (SONX) recorded an outflow of $24.7M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are SONENDO INC's total assets?
SONENDO INC (SONX) had $31.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are SONENDO INC's capital expenditures?
SONENDO INC (SONX) invested $161K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does SONENDO INC spend on research and development?
SONENDO INC (SONX) invested $6.8M in research and development during fiscal year 2024.
What is SONENDO INC's current ratio?
SONENDO INC (SONX) had a current ratio of 1.39 as of fiscal year 2024, which is considered adequate.
What is SONENDO INC's debt-to-equity ratio?
SONENDO INC (SONX) had a debt-to-equity ratio of 0.70 as of fiscal year 2024. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is SONENDO INC's liabilities-to-equity ratio?
SONENDO INC (SONX) had a liabilities-to-equity ratio of 5.02 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is SONENDO INC's return on assets (ROA)?
SONENDO INC (SONX) had a return on assets of -89.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
How does SONENDO INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, SONENDO INC (SONX) held $11.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $24.7M over that year. Dividing the one by the other, the reported balance equals about 6 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is SONENDO INC's Altman Z-Score?
SONENDO INC (SONX) has an Altman Z-Score of -22.11, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is SONENDO INC's Piotroski F-Score?
SONENDO INC (SONX) has a Piotroski F-Score of 5 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are SONENDO INC's earnings high quality?
SONENDO INC (SONX) reported a net loss of $28.0M while operations used $24.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Can SONENDO INC cover its interest payments?
SONENDO INC (SONX) reported an operating loss of $29.4M against $5.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.