Ceramics maker SINTX Technologies Q3 revenue jumps on industrial sales
Ceramics maker SINTX Technologies Q3 revenue jumps on industrial sales
Overview
US advanced ceramics maker's preliminary Q3 revenue grew about 380% from Q2, driven by industrial sales
Preliminary Q3 revenue exceeded company guidance, led by Fortune 500 aerospace orders
Q3 revenue milestone allows company to call Class B warrants for up to $4 mln in capital
Outlook
Company reiterates Q4 revenue guidance previously provided
SINTX says focus for Q4 is on reliable delivery and disciplined manufacturing costs
Company plans to continue transition toward a more diversified commercial-stage advanced materials company
Result Drivers
INDUSTRIAL SALES - Majority of Q3 revenue driven by sales to Fortune 500 aerospace subsidiaries
CONTRACT MANUFACTURING - Q3 revenue benefited from conversion of contract manufacturing orders into recognized sales
OPERATIONAL EFFICIENCY - Improved manufacturing and operational efficiency contributed to Q3 results, per CEO Eric Olson
Company press release: ID:nGNXcb2tmn
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $2.20 mln | $962,000 (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
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 is $10.00, about 348.4% above its September 30 closing price of $2.23
Reuters Recommended Reads
Sept 28 - Precision Optics Q4 revenue jumps 42% on higher aerospace customer production
Sept 29 - RTX's Collins Aerospace to expand Iowa plant that makes engine components
Sept 29 - L3Harris gets $6 billion Lockheed Martin contract for THAAD propulsion production
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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