SINTX Announces Preliminary $2.2 Million in Q3 Revenue, Exceeding High-End Guidance
SINTX announced preliminary unaudited Q3 revenue of $2.2 million, more than doubling the high end of its $0.9-$1.1 million guidance on stronger-than-expected industrial ceramics sales to Fortune 500 aerospace subsidiaries. The quarter's revenue represents roughly 380% growth from Q2 and more than ten times the prior-year quarter, with ~$2.1 million from product sales surpassing the $2.0 million Call Right trigger for the Class B Warrants covering about 1.88 million shares.
Key figures
- Revenue
- $2.2 million
- Guidance
- Q3 exceeded $0.9-$1.1 million guidance; Q4 revenue guidance reiterated
- Qoq growth
- roughly 380% from Q2
- Yoy growth
- over ten times prior-year quarter
- Warrant shares
- approximately 1.88 million shares
- Product revenue
- $2.1 million
- Call right trigger
- $2.0 million in quarterly product revenue
- Potential warrant proceeds
- $4.0 million
- Contract manufacturing purchase orders
- $3.2 million
AI analysis
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