Sonendo, Inc. (SONX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
26061 MERIT CIRCLE LAGUNA HILLS, CA 92653 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3843 - Dental Equipment and Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments, including: | 46,800 | 91,400 | 84,641 | |||
| Cash and cash equivalent | 14,009 | 17,665 | 84,641 | |||
| Short-term investments | 32,773 | 73,784 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | 18 | (49) | ||||
| Receivables | 5,081 | 5,798 | 2,516 | |||
| Inventory, net of allowances, customer advances and progress billings | 11,074 | 15,462 | 8,150 | |||
| Inventory | 11,074 | 15,462 | 8,150 | |||
| Disposal group, including discontinued operation | ||||||
| Other undisclosed current assets | 2,316 | 8,446 | 3,552 | |||
| Total current assets: | 65,271 | 121,106 | 98,859 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 2,974 | 2,455 | 2,746 | |||
| Property, plant and equipment | 664 | 2,860 | 2,366 | |||
| Intangible assets, net (including goodwill) | 9,115 | 10,746 | 11,410 | |||
| Goodwill | 8,454 | 8,454 | 8,454 | |||
| Intangible assets, net (excluding goodwill) | 661 | 2,292 | 2,956 | |||
| Other noncurrent assets | 136 | 118 | 118 | |||
| Total noncurrent assets: | 12,889 | 16,179 | 16,640 | |||
| TOTAL ASSETS: | 78,160 | 137,285 | 115,499 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 4,442 | 9,795 | 11,195 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 3,376 | ||
| Accounts payable | 1,176 | 4,438 | 3,061 | |||
| Accrued liabilities | 3,266 | 5,357 | 4,758 | |||
| Deferred revenue | 618 | 771 | ||||
| Debt | 24,900 | |||||
| Other liabilities | 1,844 | 2,191 | 2,482 | |||
| Other undisclosed current liabilities | 3,517 | 4,730 | 204 | |||
| Total current liabilities: | 35,321 | 16,716 | 14,652 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 12,467 | 36,746 | 28,226 | |||
| Long-term debt, excluding current maturities | 12,467 | 36,746 | 26,496 | |||
| Liabilities, other than long-term debt | 1,953 | 1,868 | 558 | |||
| Other liabilities | 530 | 773 | 558 | |||
| Operating lease, liability | 1,423 | 1,095 | 1,730 | |||
| Total noncurrent liabilities: | 14,420 | 38,614 | 28,784 | |||
| Total liabilities: | 49,741 | 55,330 | 43,436 | |||
| Equity | ||||||
| Equity, attributable to parent | 28,419 | 81,955 | 72,063 | |||
| Common stock | 64 | 50 | 26 | |||
| Treasury stock, value | (51) | |||||
| Additional paid in capital | 458,357 | 451,060 | 384,132 | |||
| Accumulated other comprehensive income (loss) | 11 | (61) | ||||
| Accumulated deficit | (430,013) | (369,094) | (312,044) | |||
| Total equity: | 28,419 | 81,955 | 72,063 | |||
| TOTAL LIABILITIES AND EQUITY: | 78,160 | 137,285 | 115,499 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 43,865 | 41,656 | 33,197 | ||
| Cost of revenue | (33,143) | (31,176) | (24,861) | ||
| Cost of product and service sold | (31,559) | (31,176) | (24,861) | ||
| Other undisclosed gross profit | |||||
| Gross profit: | 10,722 | 10,480 | 8,336 | ||
| Operating expenses | (68,465) | (68,682) | (52,742) | ||
| Operating loss: | (57,743) | (58,202) | (44,406) | ||
| Nonoperating expense | |||||
| Other nonoperating income | |||||
| Interest and debt expense | |||||
| Loss from continuing operations before equity method investments, income taxes: | (57,743) | (58,202) | (44,406) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (3,174) | 1,154 | (4,091) | ||
| Loss from continuing operations before income taxes: | (60,917) | (57,048) | (48,497) | ||
| Income tax expense | (2) | (2) | (2) | ||
| Loss from continuing operations: | (60,919) | (57,050) | (48,499) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (48,499) | |
| Loss from discontinued operations | |||||
| Other undisclosed net income | |||||
| Net loss available to common stockholders, diluted: | (60,919) | (57,050) | (48,499) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net loss: | (60,919) | (57,050) | (48,499) | ||
| Comprehensive loss: | (60,919) | (57,050) | (48,499) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 72 | (61) | |||
| Comprehensive loss, net of tax, attributable to parent: | (60,847) | (57,111) | (48,499) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.