Sonendo, Inc. (SONX) stock analysis
SONXOTCDental Equipment & SuppliesFiscal year ends December 31
Financials through Q4 FY2024, quarter ended Dec 31, 2024Last filing: 10-K on Mar 26, 2025
$1.28+0.00 (0.00%)
Close on Oct 19, 2026Market cap $606.54KP/E –Yield –
Margins
Share of revenue, fiscal years 2019 to 2024
Gross margin
35.7%
Operating margin
-88.5%
Net margin
-84.4%
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -4.1% | +0.0% | – | – | |
| Gross profit | +153.6% | +12.4% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -166.8% | |
| Return on assets | – | – | -51.2% | |
| Current ratio | – | – | 1.39 | |
| Debt to equity | – | – | 2.78 | |
| Interest coverage | – | – | -5.4× | |
| Inventory turnover | – | – | 2.0× | |
| Capex to revenue | – | – | 0.5% | |
| Diluted shares | – | – | 0M |
Where the cash went
Fiscal 2020 to 2024, five years combined
Sonendo generated $218.94M from operations and spent $4.00M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$218.94M
Used
$4.00M
Capital expenditure$4.00M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-84.4%
×Asset turnover0.61×
×Equity multiplier3.26×
=Return on equity, FY2024-166.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -84.4% | 0.61× | 3.26× | -166.8% |
| FY2023 | -175.9% | 0.32× | 1.95× | -110.4% |
| FY2022 | -137.0% | 0.33× | 1.64× | -74.1% |
| FY2021 | -146.1% | 0.35× | -1.05× | 53.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
5of 9 tests passed in fiscal 2024. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$28.03M
- Cash generatingOperating cash flow above zero-$24.65M
- Return on assets improvedROA up on the prior year-44.4% → -35.9%
- Earnings backed by cashOperating cash flow above net income-$24.65M vs -$28.03M
- Less leverageLong-term debt to assets fell16.0% → 11.6%
- Better liquidityCurrent ratio rose1.85 → 1.39
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year13.48% → 35.67%
- More efficientAsset turnover rose0.25 → 0.42
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