Maxim downgraded Sintx Technologies to Hold from Buy with no price target. The analyst believes that the company’s ongoing losses are expected to widen while also citing Sintx’s higher than expected dilution from a recent capital raise and the likelihood for additional capital needed by the end of Q2 of this year. Maxim is also raising its expense forecasts for the company based on increased potential for advanced ceramics patent and product development costs expected to continue to exceed revenue, the analyst states.
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