Sonendo, Inc. Announces Preliminary Revenue Results For Q3 2023; Sees Q3 Revenue $10.4M Vs $10.36M Est.; Sees FY23 Revenue $44M-$46M Vs $44.66M Est
Portfolio Pulse from Benzinga Newsdesk
Sonendo, Inc. (NYSE:SONX) has announced preliminary Q3 2023 revenue results, expecting approximately $10.4 million, slightly above the estimated $10.36 million. The company also anticipates FY23 revenue to be between $44M-$46M, compared to the estimated $44.66M. As of September 30, 2023, cash, cash equivalents, and short-term investments are expected to be approximately $55.9 million. The company reiterates its full year 2023 guidance of expected revenue between $44.0 million and $46.0 million.
October 10, 2023 | 12:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Sonendo's Q3 2023 revenue is expected to slightly exceed estimates, which could positively impact the stock. The company's strong cash position and reiterated FY23 guidance may also boost investor confidence.
Sonendo's expected Q3 2023 revenue beat and strong cash position indicate solid financial health, which could positively impact the stock. The reiterated FY23 guidance may also reassure investors about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100