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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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