Dental laser company Sonendo brought in $31.7 million in total revenue in 2024, according to a March 26 news release from the company.
Here are nine additional notes on Sonendo’s 2024 fourth-quarter and full-year financial performance:
- The company generated $8.3 million in revenue during the fourth quarter of 2024.
- Revenue from the GentleWave Console was $2.6 million and procedure instrument revenue was $4.6 million in the fourth quarter of 2024, which were both decreases from year over year.
- Sonendo’s fourth-quarter operating loss totaled $5.6 million, a 45.1% decrease from the fourth quarter in 2023.
- The company saw a $2.9 million revenue decrease in 2024 compared to 2023, when Sonendo generated $34.6 in total revenue.
- Operating expenses in 2024 were $41.2 million, a 35.5% decrease from 2023.
- The company had a net loss of $6.4 million in the fourth quarter of 2024 and a net loss of $28 million for the full year.
- Sonendo had $31.3 million in total assets at the end of 2024, compared to $78.2 million in total assets in 2023.
- Total liabilities at the end of 2024 were $26.1 million, a decrease from the $49.7 million the company had at the end of 2023.
- The company maintains an active user base of about 650 customers.