Overview
* SINTX ( SINT ) Q3 revenue of $0.2 mln missed analyst expectations
* Operating expenses decreased 51% yr/yr, reducing operating loss to $3.4 mln
* Company strengthened liquidity with $4.3 mln raised through warrant exercises
Outlook
* SINTX ( SINT ) plans to launch the SINAPTIC wedge system in the near term
* Company aims to expand clinical engagement in targeted surgical specialties
* SINTX ( SINT ) intends to leverage material science for polymer composites in implants
Result Drivers
* FIRST PRODUCT REVENUE - Recorded initial revenue from OsseoSculpt, a private-labeled orthobiologic product
* FACILITY OPTIMIZATION - Subleased Armor facility, saving up to $950,000 in lease costs
* STRENGTHENED LIQUIDITY - Raised $4.3 mln through warrant inducement and exercises
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Miss $200,000 $400,000
Revenue (1
Analyst)
Analyst Coverage
* The one available analyst rating on the shares is "buy"
* The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"
* Wall Street's median 12-month price target for SINTX Technologies Inc ( SINT ) is $25.00, about 86.3% above its November 12 closing price of $3.43
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)