Sanara Medtech Inc
NASDAQ:SMTI

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Sanara Medtech Inc
NASDAQ:SMTI
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Price: 17.29 USD 1.95%
Market Cap: $154.6m

Sanara Medtech Inc
Investor Relations

Sanara MedTech, Inc.engages in the development, marketing, and distribution of biotechnology products to physicians, hospitals, and clinics. The company is headquartered in Fort Worth, Texas and currently employs 63 full-time employees. The Company’s products include surgical wound care products, which includes CellerateRX Surgical Activated Collagen (Powder and Gel), and chronic wound care products, which include HYCOL Hydrolyzed Collagen (Powder and Gel), BIAKOS Skin and Wound Cleanser and BIAKOS Skin and Wound Gel. The surgical wound care products are used in specialties including cardiothoracic, colorectal, general surgery, hand, head and neck, high-risk obstetrics and gynecology, Mohs surgery, neurosurgery, oncology, plastic/reconstructive, podiatric, urology and vascular. The chronic wound care products are used across the post-acute continuum of care, including home health, hospice, physician offices, podiatrists, retail, skilled nursing facilities, and wound care centers.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 24, 2026
AI Summary
Q4 2025

Revenue: Full year 2025 net revenue was $103.1 million, up 19% year-over-year; Q4 net revenue was $27.5 million, up 5% YoY (13% YoY ex-$1.8M Hurricane-related BIASURGE sales in 2024).

Guidance: Reaffirmed full year 2026 net revenue guidance of $116.0 million to $121.0 million (growth of ~13%–17%); Q1 2026 revenue expected $26.7 million to $27.2 million (~14%–16% YoY).

Profitability: Full year gross margin expanded to 93% (≈200 bps improvement); adjusted EBITDA for full year 2025 was $17.0 million and Q4 adjusted EBITDA was $4.7 million.

Cash / Balance Sheet: Cash of $16.6 million and long-term debt of $46.0 million as of December 31, 2025; generated $6.8 million cash from operations in 2025 (vs. $24,000 used in 2024).

Commercial traction: Distributor network grew to >450 contracted distributors and sold into >1,450 health care facilities (up from >1,300 in 2024); Vizient innovative technology contract for BIASURGE provides access to ~1,800 facilities.

Portfolio & pipeline: Clinical evidence expanded (peer-reviewed studies for BIASURGE and ALLOCYTE Plus); OsStic (breakthrough-designated injectable bone bio-adhesive) on track for U.S. commercialization in Q1 2027.

Cost and one-offs: Q4 operating expenses rose to $24.6 million driven by a $1.8 million noncash IP impairment and $1.2 million higher R&D spend; Q4 net loss from continuing operations was $1.1 million, or $0.13 per diluted share.

Key Financials
Net revenue (Full year 2025)
$103.1 million
Net revenue (Q4 2025)
$27.5 million
Gross margin (Full year 2025)
93%
Gross profit (Q4 2025)
$25.7 million
Operating expenses (Q4 2025)
$24.6 million
Operating income (Q4 2025)
$1.1 million
Operating income excluding impairment (Q4 2025)
$2.9 million
Noncash impairment (Q4 2025)
$1.8 million
Other expense (Q4 2025)
$2.2 million
Net loss from continuing operations (Q4 2025)
$1.1 million (loss) or $0.13 per diluted share
Adjusted EBITDA (Q4 2025)
$4.7 million
Adjusted EBITDA (Full year 2025)
$17.0 million
Cash provided by operations (Full year 2025)
$6.8 million
Cash (Dec 31, 2025)
$16.6 million
Long-term debt (Dec 31, 2025)
$46.0 million
THP cash use (second half 2025)
$5.3 million
Net revenue guidance (Full year 2026)
$116.0 million to $121.0 million
Net revenue guidance (Q1 2026)
$26.7 million to $27.2 million
Distributor partners
>450 contracted distributors (end of 2025)
Health care facilities with sales
>1,450 facilities (end of 2025)
Other Earnings Calls

Management

Mr. Ronald T. Nixon
Executive Chairman & CEO
No Bio Available
Mr. Michael D. McNeil
CFO & Corporate Secretary
No Bio Available
Mr. Jacob A. Waldrop
Chief Operating Officer
No Bio Available
Mr. Bill Fitzgerald
Chief Compliance Officer
No Bio Available
Ms. Tricia Matteson
Vice President of Marketing
No Bio Available
Mr. Tyler Palmer
Chief Corporate Development & Strategy Officer
No Bio Available
Dr. Christopher A. Morrison FACHM, FAPWCA, FCCWS, M.D.
President of Telehealth Services
No Bio Available
Dr. Rebecca Erin Mcmahon
President of Research & Development
No Bio Available
Mr. Seth Yon
President of Commercial
No Bio Available
Mr. Callon Nichols
Vice President of Corporate Operations
No Bio Available

Contacts

Address
TEXAS
Fort Worth
1200 Summit Ave Ste 414
Contacts
+18175292300.0
sanaramedtech.com
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