Ceramics maker SINTX Technologies Q3 revenue jumps on industrial sales
SINT•SINTX Technologies reported preliminary Q3 revenue of $2.20 million, up about 380% from Q2 and above its $962,000 analyst consensus, driven mainly by sales to Fortune 500 aerospace subsidiaries. The revenue milestone allows the company to call Class B warrants for up to $4 million in capital.
1. Revenue and drivers
Preliminary Q3 revenue was $2.20 million, with most of it driven by sales to Fortune 500 aerospace subsidiaries. Revenue also benefited from contract manufacturing orders converting into recognized sales and improved manufacturing and operational efficiency, CEO Eric Olson said.
2. Outlook and warrants
SINTX reiterated its previously provided Q4 revenue guidance and said its focus is reliable delivery and disciplined manufacturing costs. The Q3 revenue milestone allows the company to call Class B warrants for up to $4 million in capital.
