Sonendo, Inc. Provides Revenue Guidance for the Third Quarter and Full Year of 2023
August 10, 2023 at 01:36 am IST
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Sonendo, Inc. provided revenue guidance for the third quarter and full year of 2023. The Company expects total revenue for the third quarter of 2023 to be in the range of $10.2 million to $10.6 million.
Full year of 2023, company anticipates revenue to be in the range of $44.0 million to $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.