Sonendo, Inc. Announces Impairment of Long-Lived Assets for the Three Months Ended December 31, 2023
March 12, 2024 at 01:35 am IST
Share
Sonendo, Inc. announced Impairment of long-lived assets for the three months ended December 31, 2023. For the quarter, the company reported Impairment of long-lived assets of $243,000 in terms of cost of sales and $37,000 in terms of operating expenses.
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.