Symbols / SONX $0.40 +0.00% Sonendo, Inc.

Healthcare • Medical Devices • United States • PNK
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About

Sonendo, Inc., a commercial-stage medical technology company, develops, manufactures, and commercializes devices for root canal therapy in the United States and Canada. It provides GentleWave, a tooth decay treatment technology platform designed for cleaning and disinfecting the microscopic spaces within teeth without the need to remove tooth structure. The company also offers SoundSeal, a material used to build and create a sealing platform on the top of the crown; and Sonendo-branded liquid solution of ethylenediaminetetraacetic acid EDTA that is used to help debride and disinfect the root canal system. In addition, it provides The Digital Office, a practice management software to enable an integrated digital office for endodontists. The company was formerly known as Dentatek Corporation and changed its name to Sonendo, Inc. in March 2011. Sonendo, Inc. was incorporated in 2006 and is headquartered in Laguna Hills, California.

Stock Fundamentals
Scroll to Statements
Market Cap 1.91M Enterprise Value 6.39M Income -33.54M Sales 31.70M Book/sh 12.15 Cash/sh 27.20
Dividend Yield — Payout 0.00% Employees 129 IPO — P/E — Forward P/E -2.35
PEG — P/S 0.06 P/B 0.03 P/C — EV/EBITDA -0.22 EV/Sales 0.20
Quick Ratio 0.77 Current Ratio 1.40 Debt/Eq 343.81 LT Debt/Eq — EPS (ttm) -70.63 EPS next Y -0.17
EPS Growth — Revenue Growth -29.00% Earnings 2025-03-26 ROA -33.32% ROE -199.59% ROIC —
Gross Margin 37.98% Oper. Margin -65.48% Profit Margin -88.43% Shs Outstand 4.76M Shs Float 424.40K Short Float 0.60%
Short Ratio 1.56 Short Interest — 52W High 1.52 52W Low 0.02 Beta 2.48 Avg Volume 162.00
Volume 7.00 Target Price — Recom None Prev Close $0.40 Price $0.40 Change 0.00%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$0.40
Latest analyst target
3. DCF / Fair value
$-48.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.40
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-03-12 down Stifel Buy → Hold $0
2023-11-10 main Goldman Sachs Buy → Buy $2
2023-11-09 main Piper Sandler Neutral → Neutral $0
2023-11-09 main Goldman Sachs Buy → Buy $2
2023-11-09 main Morgan Stanley Equal-Weight → Equal-Weight $5
2023-11-01 main Stifel Buy → Buy $1
2023-08-11 main Goldman Sachs Buy → Buy $2
2023-08-10 main Goldman Sachs Buy → Buy $2
2023-08-10 down Piper Sandler Overweight → Neutral $1
2023-05-11 main Goldman Sachs Buy → Buy $2
2023-05-10 main Morgan Stanley — → Equal-Weight $5
2023-03-13 main Goldman Sachs — → Buy $2
2023-03-09 main Morgan Stanley — → Equal-Weight $6
2023-01-06 main Morgan Stanley — → Equal-Weight $6
2022-11-10 main Morgan Stanley — → Equal-Weight $6
2022-10-04 main Stifel — → Buy $3
2022-08-11 main Piper Sandler — → Overweight $5
2022-06-17 main Stifel — → Buy $6
2022-05-11 main Piper Sandler — → Overweight $7
2022-03-24 main Goldman Sachs — → Buy $10
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2024-09-17 MCGAUGH JOHN P. Officer — 500,000 $0.00 $0
2024-09-17 BERGHEIM OLAV B Director — 200,000 $0.00 $0
2024-09-17 BEAVER CAROLYN D Director — 200,000 $0.00 $0
2024-09-17 BIHL ANTHONY P III Director — 200,000 $0.00 $0
2024-09-17 BOSTJANCIC JOHN J Chief Financial Officer — 600,000 $0.00 $0
2024-09-17 PUDIPEDDI VAMSI MOHAN RAJ Director — 200,000 $0.00 $0
2024-09-17 BERGHEIM BJARNE Chief Executive Officer — 1,600,000 $0.00 $0
2024-06-21 BERGHEIM BJARNE Chief Executive Officer — 43,240 $0.09 $3,745
2024-06-20 CHEN ROY T Officer — 8,510 $0.09 $733
2024-06-05 BOSTJANCIC JOHN J Chief Financial Officer — 720,000 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
31.70
-8.45%
34.63
-16.87%
41.66
+25.48%
33.20
Operating Revenue
31.70
-8.45%
34.63
-16.87%
41.66
+25.48%
33.20
Cost Of Revenue
19.86
-33.71%
29.96
-3.90%
31.18
+25.40%
24.86
Reconciled Cost Of Revenue
19.86
-33.71%
29.96
-3.90%
31.18
+25.40%
24.86
Gross Profit
11.84
+153.63%
4.67
-55.45%
10.48
+25.72%
8.34
Operating Expense
41.21
-35.55%
63.93
-6.91%
68.68
+30.87%
52.48
Research And Development
6.76
-35.29%
10.44
-37.75%
16.78
-9.65%
18.57
Selling General And Administration
34.45
-35.60%
53.49
+3.05%
51.91
+53.06%
33.91
Selling And Marketing Expense
17.10
-40.42%
28.70
—
—
General And Administrative Expense
17.35
-30.01%
24.79
—
—
Other Gand A
17.35
-30.01%
24.79
—
—
Total Expenses
61.07
-34.96%
93.89
-5.97%
99.86
+29.11%
77.34
Operating Income
-29.37
+50.45%
-59.27
-1.83%
-58.20
-31.84%
-44.15
Total Operating Income As Reported
-29.37
+50.45%
-59.27
-1.83%
-58.20
-31.07%
-44.41
EBITDA
-26.61
+49.82%
-53.03
-3.97%
-51.00
-23.54%
-41.29
Normalized EBITDA
-26.61
+49.82%
-53.03
+4.25%
-55.39
-34.60%
-41.15
Reconciled Depreciation
1.46
-50.99%
2.98
+5.65%
2.82
-6.04%
3.00
EBIT
-28.07
+49.88%
-56.01
-4.06%
-53.82
-21.54%
-44.28
Total Unusual Items
—
-2.09
-147.65%
4.38
+3275.36%
-0.14
Total Unusual Items Excluding Goodwill
—
-2.09
-147.65%
4.38
+3275.36%
-0.14
Special Income Charges
—
-2.09
-147.65%
4.38
+1778.93%
-0.26
Other Special Charges
—
—
-4.38
—
Impairment Of Capital Assets
—
2.09
0.00
—
Restructuring And Mergern Acquisition
—
—
0.00
-100.00%
0.26
Net Income
-28.03
+53.98%
-60.92
-6.78%
-57.05
-17.63%
-48.50
Pretax Income
-33.54
+46.30%
-62.46
-9.49%
-57.05
-17.63%
-48.50
Net Non Operating Interest Income Expense
-5.47
+15.26%
-6.46
-100.00%
-3.23
+23.40%
-4.21
Interest Expense Non Operating
5.47
-15.26%
6.46
+100.00%
3.23
-23.40%
4.21
Net Interest Income
-5.47
+15.26%
-6.46
-100.00%
-3.23
+23.40%
-4.21
Interest Expense
5.47
-15.26%
6.46
+100.00%
3.23
-23.40%
4.21
Other Income Expense
1.30
-60.21%
3.26
-25.60%
4.38
+3275.36%
-0.14
Other Non Operating Income Expenses
1.30
-60.21%
3.26
—
—
Gain On Sale Of Security
—
—
—
0.12
Tax Provision
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-28.03
+53.98%
-60.92
-6.78%
-57.05
-17.63%
-48.50
Net Income From Continuing Operation Net Minority Interest
-33.54
+46.30%
-62.46
-9.49%
-57.05
-17.63%
-48.50
Net Income From Continuing And Discontinued Operation
-28.03
+53.98%
-60.92
-6.78%
-57.05
-17.63%
-48.50
Net Income Continuous Operations
-33.54
+46.30%
-62.46
-9.49%
-57.05
-17.63%
-48.50
Net Income Discontinuous Operations
5.51
+256.80%
1.54
—
—
Normalized Income
-33.54
+46.30%
-62.46
-1.68%
-61.43
-27.03%
-48.36
Net Income Common Stockholders
-28.03
+53.98%
-60.92
-6.78%
-57.05
-17.63%
-48.50
Diluted EPS
—
-129.63
+48.96%
-254.00
+85.09%
-1,704.00
Basic EPS
—
-129.63
+48.96%
-254.00
+85.09%
-1,704.00
Basic Average Shares
—
0.47
+109.18%
0.22
+689.07%
0.03
Diluted Average Shares
—
0.47
+109.18%
0.22
+689.07%
0.03
Diluted NI Availto Com Stockholders
-28.03
+53.98%
-60.92
-6.78%
-57.05
-17.63%
-48.50
Line Item Trend 2023-12-31 2022-12-31 2021-12-31
Total Assets
78.16
-43.07%
137.28
+18.86%
115.50
Current Assets
65.27
-46.10%
121.11
+22.50%
98.86
Cash Cash Equivalents And Short Term Investments
46.78
-48.84%
91.45
+8.04%
84.64
Cash And Cash Equivalents
14.01
-20.70%
17.66
-79.13%
84.64
Cash Equivalents
12.59
-22.50%
16.24
-80.69%
84.10
Cash Financial
1.42
-0.14%
1.42
+164.01%
0.54
Other Short Term Investments
32.77
-55.58%
73.78
0.00
Receivables
4.79
-17.39%
5.80
+130.45%
2.52
Accounts Receivable
4.79
-17.39%
5.80
+130.45%
2.52
Inventory
11.07
-28.38%
15.46
+89.72%
8.15
Raw Materials
6.45
-30.41%
9.27
+88.74%
4.91
Work In Process
0.28
-34.89%
0.43
+58.15%
0.27
Finished Goods
4.35
-24.63%
5.77
+94.21%
2.97
Prepaid Assets
—
—
3.55
Assets Held For Sale Current
0.66
—
—
Other Current Assets
1.97
-76.55%
8.40
+136.40%
3.55
Total Non Current Assets
12.89
-20.34%
16.18
-2.77%
16.64
Net PPE
3.16
-40.47%
5.32
+3.97%
5.11
Gross PPE
3.54
-77.81%
15.93
+8.34%
14.71
Accumulated Depreciation
-0.37
+96.51%
-10.62
-10.67%
-9.59
Properties
0.00
0.00
0.00
Machinery Furniture Equipment
0.34
-90.25%
3.53
+16.83%
3.02
Construction In Progress
0.00
-100.00%
0.13
-68.90%
0.42
Other Properties
3.17
-65.86%
9.29
+7.01%
8.68
Leases
0.02
-99.36%
2.98
+15.40%
2.58
Goodwill And Other Intangible Assets
9.12
-15.18%
10.75
-5.82%
11.41
Goodwill
8.45
+0.00%
8.45
+0.00%
8.45
Other Intangible Assets
0.66
-71.16%
2.29
-22.46%
2.96
Other Non Current Assets
9.72
+8141.53%
0.12
+0.00%
0.12
Total Liabilities Net Minority Interest
49.74
-10.10%
55.33
+27.38%
43.44
Current Liabilities
35.32
+111.30%
16.72
+14.09%
14.65
Payables And Accrued Expenses
4.21
-56.98%
9.79
+25.27%
7.82
Payables
1.14
-74.27%
4.44
+44.99%
3.06
Accounts Payable
1.14
-74.27%
4.44
+44.99%
3.06
Current Accrued Expenses
3.07
-42.65%
5.36
+12.59%
4.76
Pensionand Other Post Retirement Benefit Plans Current
2.41
-33.27%
3.62
+7.11%
3.38
Current Debt And Capital Lease Obligation
26.19
+2181.27%
1.15
+11.46%
1.03
Current Debt
24.90
—
—
Other Current Borrowings
24.90
—
—
Current Capital Lease Obligation
1.29
+12.28%
1.15
+11.46%
1.03
Current Deferred Liabilities
0.62
—
—
Other Current Liabilities
1.89
-12.52%
2.16
-11.12%
2.43
Total Non Current Liabilities Net Minority Interest
14.42
-62.66%
38.61
+34.15%
28.78
Liabilities Heldfor Sale Non Current
0.13
—
—
Long Term Debt And Capital Lease Obligation
13.90
-63.44%
38.02
+34.38%
28.30
Long Term Debt
12.47
-66.07%
36.75
+38.69%
26.50
Long Term Capital Lease Obligation
1.43
+12.21%
1.28
-29.00%
1.80
Non Current Deferred Liabilities
0.30
—
—
Other Non Current Liabilities
0.08
-85.93%
0.59
+20.90%
0.49
Preferred Securities Outside Stock Equity
—
—
0.00
Stockholders Equity
28.42
-65.32%
81.95
+13.73%
72.06
Common Stock Equity
28.42
-65.32%
81.95
+13.73%
72.06
Capital Stock
0.00
-100.00%
0.05
+92.31%
0.03
Common Stock
0.00
-100.00%
0.05
+92.31%
0.03
Preferred Stock
0.00
0.00
0.00
Share Issued
0.32
+27.16%
0.25
+89.75%
0.13
Ordinary Shares Number
0.32
+27.16%
0.25
+90.09%
0.13
Treasury Shares Number
0.00
0.00
-100.00%
0.00
Additional Paid In Capital
458.42
+1.63%
451.06
+17.42%
384.13
Retained Earnings
-430.01
-16.51%
-369.09
-18.28%
-312.04
Gains Losses Not Affecting Retained Earnings
0.01
+118.03%
-0.06
0.00
Treasury Stock
—
0.00
-100.00%
0.05
Other Equity Adjustments
0.01
+118.03%
-0.06
—
Total Equity Gross Minority Interest
28.42
-65.32%
81.95
+13.73%
72.06
Total Capitalization
40.89
-65.56%
118.70
+20.44%
98.56
Working Capital
29.95
-71.31%
104.39
+23.97%
84.21
Invested Capital
65.79
-44.58%
118.70
+20.44%
98.56
Total Debt
40.09
+2.34%
39.17
+33.57%
29.33
Net Debt
23.36
+22.41%
19.08
—
Capital Lease Obligations
2.72
+12.24%
2.43
-14.28%
2.83
Net Tangible Assets
28.42
-60.09%
71.21
+17.40%
60.65
Tangible Book Value
28.42
-60.09%
71.21
+17.40%
60.65
Current Provisions
—
—
1.13
Derivative Product Liabilities
—
—
0.00
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-24.65
+46.48%
-46.06
+24.58%
-61.07
-25.65%
-48.60
Cash Flow From Continuing Operating Activities
-24.65
+46.48%
-46.06
+24.58%
-61.07
-25.65%
-48.60
Net Income From Continuing Operations
-28.03
+53.98%
-60.92
-6.78%
-57.05
-17.63%
-48.50
Depreciation Amortization Depletion
1.46
-50.99%
2.98
+5.65%
2.82
-6.04%
3.00
Depreciation
1.41
-41.13%
2.39
+11.06%
2.15
-10.74%
2.41
Amortization Cash Flow
0.05
-91.28%
0.58
-11.90%
0.66
+13.31%
0.59
Depreciation And Amortization
1.46
-50.99%
2.98
+5.65%
2.82
-6.04%
3.00
Amortization Of Intangibles
0.05
-91.28%
0.58
-11.90%
0.66
+13.31%
0.59
Other Non Cash Items
-3.73
-701.13%
0.62
+54.09%
0.40
-61.21%
1.04
Stock Based Compensation
4.82
-33.71%
7.28
-2.75%
7.48
+215.43%
2.37
Provisionand Write Offof Assets
0.14
-95.90%
3.34
—
—
Asset Impairment Charge
0.78
-78.87%
3.67
0.00
—
Operating Gains Losses
—
—
—
-0.12
Gain Loss On Investment Securities
—
—
—
-0.12
Change In Working Capital
0.33
+141.90%
-0.78
+94.42%
-13.95
-118.22%
-6.39
Change In Receivables
1.62
+448.81%
0.29
+108.99%
-3.28
-463.92%
-0.58
Changes In Account Receivables
1.62
+448.81%
0.29
+108.99%
-3.28
-463.92%
-0.58
Change In Inventory
0.07
-91.20%
0.85
+111.49%
-7.41
-94.49%
-3.81
Change In Prepaid Assets
1.42
-76.55%
6.05
+224.81%
-4.84
-83.11%
-2.65
Change In Payables And Accrued Expense
-3.01
+62.72%
-8.07
-622.99%
1.54
+114.74%
0.72
Change In Accrued Expense
-3.80
+21.13%
-4.81
-1972.76%
0.26
+162.84%
-0.41
Change In Payable
0.79
+124.10%
-3.26
-353.46%
1.29
+14.10%
1.13
Change In Account Payable
0.79
+124.10%
-3.26
-353.46%
1.29
+14.10%
1.13
Change In Other Working Capital
0.22
+117.48%
0.10
+123.91%
0.05
+163.89%
-0.07
Investing Cash Flow
45.81
+8.05%
42.40
+156.97%
-74.43
-3672.38%
-1.97
Cash Flow From Continuing Investing Activities
31.61
-25.46%
42.40
+156.97%
-74.43
-3672.38%
-1.97
Cash From Discontinued Investing Activities
14.21
0.00
—
—
Net PPE Purchase And Sale
-0.16
+82.67%
-0.93
+31.49%
-1.36
-112.54%
-0.64
Purchase Of PPE
-0.16
+82.67%
-0.93
+31.49%
-1.36
-112.54%
-0.64
Capital Expenditure
-0.16
+82.67%
-0.93
+31.49%
-1.36
+31.27%
-1.97
Net Investment Purchase And Sale
31.77
-26.69%
43.33
+159.30%
-73.07
0.00
Purchase Of Investment
-4.51
+92.50%
-60.07
+39.15%
-98.72
0.00
Sale Of Investment
36.27
-64.92%
103.40
+303.12%
25.65
0.00
Net Intangibles Purchase And Sale
—
—
0.00
+100.00%
-1.33
Purchase Of Intangibles
—
—
0.00
+100.00%
-1.33
Financing Cash Flow
-24.95
-623725.00%
0.00
-99.99%
68.53
-17.93%
83.50
Cash Flow From Continuing Financing Activities
-24.95
-623725.00%
0.00
-99.99%
68.53
-17.93%
83.50
Net Issuance Payments Of Debt
-24.94
-80345.16%
-0.03
-100.32%
9.79
+20934.04%
-0.05
Issuance Of Debt
—
0.00
-100.00%
9.85
0.00
Repayment Of Debt
-24.94
-80345.16%
-0.03
+46.55%
-0.06
-23.40%
-0.05
Long Term Debt Issuance
—
0.00
-100.00%
9.85
0.00
Long Term Debt Payments
-24.94
-80345.16%
-0.03
+46.55%
-0.06
-23.40%
-0.05
Net Long Term Debt Issuance
-24.94
-80345.16%
-0.03
-100.32%
9.79
+20934.04%
-0.05
Net Common Stock Issuance
—
0.00
-100.00%
20.52
-75.69%
84.39
Proceeds From Stock Option Exercised
0.00
-100.00%
0.13
-99.67%
38.93
+14266.05%
0.27
Net Other Financing Charges
-0.01
+92.39%
-0.09
+87.13%
-0.71
+35.99%
-1.12
Changes In Cash
-3.78
-3.47%
-3.66
+94.54%
-66.98
-303.46%
32.92
Beginning Cash Position
14.01
-20.70%
17.66
-79.13%
84.64
+63.65%
51.72
End Cash Position
10.23
-27.00%
14.01
-20.70%
17.66
-79.13%
84.64
Free Cash Flow
-24.81
+47.20%
-46.99
+24.73%
-62.43
-23.43%
-50.58
Interest Paid Supplemental Data
3.48
-40.22%
5.81
+43.18%
4.06
+17.85%
3.44
Income Tax Paid Supplemental Data
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Amortization Of Securities
-0.41
+81.94%
-2.25
-191.19%
-0.77
0.00
Common Stock Issuance
—
0.00
-100.00%
20.52
-75.69%
84.39
Issuance Of Capital Stock
—
0.00
-100.00%
20.52
-75.69%
84.39
Net Preferred Stock Issuance
—
—
—
84.39
Preferred Stock Issuance
—
—
—
84.39
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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