BofA warns Fed risks policy mistake with early rate cuts
LAGUNA HILLS, Calif. - Dental technology company Sonendo, Inc. (OTC Pink:SONX), which generated revenue of $31.7 million in the last twelve months, announced Wednesday the promotion of John McGaugh to Chief Operating Officer, expanding his previous role as Senior Vice President of Operations.
McGaugh, who joined Sonendo in May 2023, will now oversee the company’s capital and consumables sales teams and commercial operations in addition to his existing responsibilities for quality, manufacturing, supply chain, and technical services operations.
According to the company’s press release, McGaugh has been instrumental in driving operational efficiencies in console assembly and procedure instrument margin contributions since joining the firm. He brings over 20 years of experience managing global manufacturing operations, having previously held leadership positions at Abbott Vascular, Boston Scientific, and American Medical Systems.
"John has been a significant contributor to all those improvements, and we expect he will continue to drive additional operating leverage as the Company continues to execute its plans," said Bjarne Bergheim, President and Chief Executive Officer of Sonendo.
The announcement comes as Sonendo reports progress on its strategic reset initiated in early 2024. The company states it has stabilized revenue, improved gross margins, and reduced operating expenses and cash burn.
Sonendo develops and manufactures the GentleWave System, a technology platform designed to treat tooth decay by cleaning and disinfecting microscopic spaces within teeth while preserving tooth structure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.