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Sonendo Inc - SONX STOCK NEWS

Welcome to our dedicated news page for Sonendo (Ticker: SONX), a resource for investors and traders seeking the latest updates and insights on Sonendo.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sonendo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sonendo's position in the market.

News
Sonendo, Inc. to Report First Quarter 2024 Financial Results on May 8, 2024
Rhea-AI Summary
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. Reports Fourth Quarter and Full Year 2023 Financial Results and Issues Full Year 2024 Revenue Guidance
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-41.24%
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earnings
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Sonendo Announces Departure of Chief Financial Officer
Rhea-AI Summary
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 Divests TDO® Software and Amends Credit Agreement
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
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Sonendo, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024
Rhea-AI Summary
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 to Participate at Upcoming Investor Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.59%
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conferences
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Sonendo Continues Expanding the Reach of Its GentleWave Procedure; Partners with Dental Purchasing Group
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.75%
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partnership
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Sonendo Partners With BEST for Dentistry to Continue Expanding Access to the Innovative GentleWave® Procedure
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
-3.59%
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Sonendo, Inc. Announces Suspension of NYSE Trading, Will Commence Trading on the OTCQX Effective November 22, 2023
Rhea-AI Summary
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'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-45.65%
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News
Sonendo, Inc. Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
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earnings
Stock SONX logo
Sonendo Inc

OTC:SONX

SONX Rankings

N/A Ranked by Market Cap
#5430 Ranked by Stock Gains
N/A Ranked by Dividends

SONX Stock Data

6.01M
49.79M
13.94%
29.06%
0.78%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
United States
Laguna Hills

About SONX

sonendo®, inc. is a privately held, venture-backed company developing innovative technologies to save teeth through sound science®. sonendo’s multisonic ultracleaning™ technology is elevating the level of clean throughout endodontics and dentistry. by introducing broad spectrum acoustic technology, sonendo is helping to reduce doctors’ reliance on standard instrumentation while saving teeth¹ and changing patients’ lives. after years of research and development, sonendo’s gentlewave® system presents an entirely new way of thinking about root canal therapy. using closed-loop, multisonic ultracleaning technology, the gentlewave system reaches deep into the lateral canals and microscopic tubules of the root canal system to remove tissue, debris, biofilm and bacteria.² ³ your practice can offer unprecedented cleaning with the gentlewave system. sonendo investors include cvf, llc, dinova capital, fjord ventures, meritech capital partners, neomed management, orbimed advisors llc, seb private