Sonendo, Inc. Provides Revenue Guidance for the Third Quarter and Full Year 2023
October 10, 2023 at 08:00 am EDT
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Sonendo, Inc. provided revenue guidance for the third quarter and full year 2023. For the third quarter, the company expects revenue to be approximately $10.4 million .
For the year, the company expects revenue between $44.0 million and $46.0 million.
Sonendo, Inc. is a commercial-stage medical technology company focused on saving teeth from tooth decay. The Company develops and manufactures the GentleWave System, a technology platform designed to treat tooth decay by cleaning and disinfecting the microscopic spaces within teeth without the need to remove tooth structure. The system utilizes a mechanism of action, which combines procedure fluid optimization, broad-spectrum acoustic energy, and advanced fluid dynamics, to debride and disinfect deep regions of the complex root canal system in a less invasive procedure that preserves tooth structure. Its Product segment includes the sales of the GentleWave System console and related accessories and instruments. The Company also offers ancillary products, such as SoundSeal and its Sonendo-branded liquid solution of ethylenediaminetetraacetic acid (EDTA). SoundSeal is a material used during the GentleWave Procedure to build and create a sealing platform on the top of the crown.