Sintx Technologies, Inc. is an advanced materials enterprise dedicated to researching, developing, and commercializing medical devices crafted from silicon nitride. These innovative ...
Sintx Technologies, Inc. (NASDAQ: SINT) is headquartered in Salt Lake City, Utah and operates in the medical-device and advanced-materials space. The company’s core technology centers on silicon nitride (Si3N4), a very hard ceramic known for abrasion and corrosion resistance. SINTX’s business purpose is to translate that materials capability into manufacturable ...Sintx Technologies, Inc. (NASDAQ: SINT) is headquartered in Salt Lake City, Utah and operates in the medical-device and advanced-materials space. The company’s core technology centers on silicon nitride (Si3N4), a very hard ceramic known for abrasion and corrosion resistance. SINTX’s business purpose is to translate that materials capability into manufacturable products that can support clinical and engineering needs—especially in biomedical and medical-device applications.
From a product and services perspective, SINTX develops and commercializes a portfolio of silicon-nitride–based materials and components. The company’s lineup includes solid and porous silicon nitride products, silicon nitride powder, and specialized coating products. It also works with advanced silicon nitride composite materials and other related materials used to create medical device components and engineered ceramic solutions. Commercial offerings are primarily marketed across the United States.
The company’s commercialization approach is that of a vertically focused OEM/technology developer: it combines research and development with manufacturing of advanced ceramics and ceramic-based device-related components. This matters for cost and BOM considerations because ceramic manufacturing and qualification for medical use can involve specialized processing, testing, and quality systems; SINTX’s size and focus suggest it aims to maintain a concentrated product roadmap rather than broad consumer diversification.
Financially, the company’s recent profitability metrics shown in the provided snapshot indicate negative margins and negative free cash flow on a trailing-twelve-month basis (e.g., negative operating/net margins and negative free cash flow to equity/firm). That profile is consistent with a company investing in R&D, manufacturing scale, and commercialization, while also reflecting the challenging economics often associated with medical-device material/product ramp-up and expense levels. Despite the negative cash-flow signals, the firm retains operating liquidity strength in the snapshot (e.g., a current ratio above 1), implying it has not been purely dependent on immediate operating cash generation.
Key leadership includes Eric K. Olson (Chief Executive Officer and Chairman of the Board). SINTX is incorporated in 1996 (formerly known as Amedica Corporation), reflecting a long R&D history in silicon nitride and medical/biomedical innovation. In terms of “wishes” or forward-looking priorities typical for this kind of company, the logical focus is continued development of its silicon-nitride platform, scaling production, expanding clinical/market adoption of its medical applications, and improving unit economics so that R&D and commercialization efforts convert more reliably into sustainable operating cash flow.
Overall, SINTX positions itself at the intersection of advanced materials science and medical device manufacturing—turning the mechanical and chemical performance of silicon nitride into products intended to support demanding biomedical and engineered applications.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.0M
-18.3%
+18.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-17.1M
-55.0%
+4.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
-19.7%
-156.6%
+2047.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-1053.1%
+6.6%
+24.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-1678.1%
-89.7%
+19.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-8.8M
+6.1%
-14.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-860.5%
-14.9%
+4.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
110.9%
+7.3%
-82.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.51x
-37.1%
+127.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Good day, and welcome to the SINTX Technologies Second Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, today's call is being recorded. I would like to turn the call over to SINTX Technologies Chief Legal Officer, Kevin Ontiveros.
Kevin Ontiveros : Thank you, operator, and good afternoon, everyone. Earlier today, SINTX Technologies issued its financial results for the quarter ended June 30, 2026, and filed its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings release and Form 10-Q are available in the Investor Relations section of the company's website, and a replay of this call will be available following the conclusion of today's event. Before we begin, I would like to remind everyone that statements made during this call that are not statements of historical fact, are forward-looking statements. These statements include, among other things, expectations regarding revenue growth, customer orders, production and shipping timing, commercialization, market adoption, strategic relationships, operating performance, cost management, liquidity, financing, future business opportunities, and revenue guidance and expectations regarding the timing and amount of revenue recognition. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Please refer to the company's most recent Form 10-K, today's Form 10-Q, and other filings with the SEC for a discussion of these risks. SINTX undertakes no obligation to update forward-looking statements except as required by law. Unless otherwise stated, the financial results discussed today are presented in accordance with U.S. generally accepted accounting principles. Joining today's call are Eric Olson, Chairman and Chief Executive Officer; and Kevin Trask, Chief Financial Officer. Eric will begin with a review of the quarter and the company's commercial priorities. Kevin will then discuss the financial results and liquidity. Eric will conclude with the priorities for the remainder of 2026. Eric, please go ahead.
Eric Olson : Thank you, Kevin, and thank you to everyone joining us today. The second quarter represented meaningful progress in SINTX's transition from a development company to a commercially-focused biomaterials and medical technology platform company. Our financial results show that commercial activity is beginning to become more visible. We also make clear that our work is not complete. We must convert demand into revenue, establish repeatable medical device commercialization efforts, align our cost structure with the scale of the business, and maintain adequate liquidity. So let me begin with 3 key takeaways from the quarter. First, commercial activity is beginning to show up in our reported results. Second quarter revenue increased 199% year-over-year to $452,000. And product revenue …