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
Company profile
Ticker
SONX
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
DENTSPLY Sirona • Envista • ZimVie • SmileDirectClub • Biolase • Remedent • Item 9 Labs • Bruush Oral Care • Costas • Capstone Dental Pubco ...
Former names
Dentatek CORP
SEC CIK
Corporate docs
Subsidiaries
TDO Software, Inc. • Pipstek, LLC ...
IRS number
205041718
SONX stock data
Latest filings (excl ownership)
8-K/A
Departure of Directors or Certain Officers
22 Mar 24
S-8
Registration of securities for employees
11 Mar 24
10-K
2023 FY
Annual report
11 Mar 24
8-K
Sonendo Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Issues Full Year 2024 Revenue Guidance
11 Mar 24
8-K
Sonendo Announces Departure of Chief Financial Officer
8 Mar 24
8-K
Sonendo Divests TDO® Software and Amends Credit Agreement
5 Mar 24
8-K
Departure of Directors or Certain Officers
13 Feb 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
21 Nov 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Sonendo, Inc. Reports Third Quarter 2023 Financial Results
8 Nov 23
Transcripts
SONX
Earnings call transcript
2023 Q4
11 Mar 24
SONX
Earnings call transcript
2023 Q3
8 Nov 23
SONX
Earnings call transcript
2023 Q2
9 Aug 23
SONX
Earnings call transcript
2023 Q1
9 May 23
SONX
Earnings call transcript
2022 Q4
8 Mar 23
SONX
Earnings call transcript
2022 Q3
13 Nov 22
SONX
Earnings call transcript
2022 Q2
11 Aug 22
SONX
Earnings call transcript
2022 Q1
11 May 22
SONX
Earnings call transcript
2021 Q4
24 Mar 22
Latest ownership filings
4
Roy T Chen
27 Mar 24
4
Bjarne Bergheim
27 Mar 24
3
Chris Guo
25 Mar 24
3
John P. McGaugh
25 Mar 24
4
Vamsi Mohan Raj Pudipeddi
18 Mar 24
4
Bjarne Bergheim
18 Mar 24
4
Roy T Chen
18 Mar 24
4
Michael Patrick Watts
18 Mar 24
SC 13G/A
First Light Asset Management, LLC
14 Feb 24
SC 13G/A
PURA VIDA INVESTMENTS, LLC
14 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 12.09 mm | 12.09 mm | 12.09 mm | 12.09 mm | 12.09 mm | 12.09 mm |
Cash burn (monthly) | 159.00 k | 4.70 mm | 5.66 mm | 5.40 mm | 3.41 mm | 4.23 mm |
Cash used (since last report) | 948.91 k | 28.06 mm | 33.78 mm | 32.23 mm | 20.32 mm | 25.27 mm |
Cash remaining | 11.14 mm | -15.97 mm | -21.69 mm | -20.14 mm | -8.23 mm | -13.18 mm |
Runway (months of cash) | 70.1 | -3.4 | -3.8 | -3.7 | -2.4 | -3.1 |
Institutional ownership, Q2 2023
52.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 39 |
Opened positions | 5 |
Closed positions | 5 |
Increased positions | 8 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 42.25 bn |
Total shares | 36.11 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
ArrowMark Colorado | 5.96 mm | $8.10 bn |
Pura Vida Investments | 4.67 mm | $6.35 bn |
Blue Water Life Science Advisors | 4.64 mm | $6.32 bn |
First Light Asset Management | 4.19 mm | $5.69 bn |
Driehaus Capital Management | 3.84 mm | $5.23 bn |
JMR Capital | 3.02 mm | $5.05 mm |
Vanguard | 2.02 mm | $2.75 bn |
Masters Capital Management | 1.75 mm | $2.38 bn |
Meritech Capital Partners IV | 1.47 mm | $0.00 |
HighMark Wealth Management | 697.79 k | $949.00 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Mar 24 | Bjarne Bergheim | Common Stock | Sell | Dispose S | No | No | 0.1043 | 11,493 | 1.20 k | 1,934,139 |
26 Mar 24 | Roy T Chen | Common Stock | Sell | Dispose S | No | No | 0.1043 | 2,625 | 273.79 | 243,061 |
15 Mar 24 | Pudipeddi Vamsi Mohan Raj | Common Stock | Buy | Acquire P | No | No | 0.1 | 800,000 | 80.00 k | 1,874,498 |
15 Mar 24 | Bjarne Bergheim | Common Stock | Sell | Dispose S | No | No | 0.0967 | 23,351 | 2.26 k | 1,945,632 |
Press releases
Sonendo Announces Departure of Chief Financial Officer
8 Mar 24
Sonendo Divests TDO® Software and Amends Credit Agreement
4 Mar 24
Sonendo, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024
1 Mar 24
Sidoti Events, LLC's Virtual January Micro-Cap Conference
16 Jan 24
Sonendo Partners With BEST for Dentistry to Continue Expanding Access to the Innovative GentleWave® Procedure
3 Jan 24