SANUWAVE Health Inc
OTC:SNWV

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SANUWAVE Health Inc
OTC:SNWV
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Price: 17.51 USD 1.63% Market Closed
Market Cap: $150.2m

SANUWAVE Health Inc
Investor Relations

SANUWAVE Health, Inc. is a shockwave technology company, which engages in the development and commercialization of patented noninvasive, biological response activating devices. The company is headquartered in Suwanee, Georgia and currently employs 43 full-time employees. The company went IPO on 2008-11-07. The firm's is focused on regenerative medicine utilizing noninvasive, acoustic shock waves to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, musculoskeletal, and vascular structures. Its portfolio of healthcare products and product candidates activate biologic signaling and angiogenic responses, including new vascularization and microcirculatory improvement, helping to restore the body’s normal healing processes and regeneration. The firm's lead regenerative product in the United States is the dermaPACE device, used for treating diabetic foot ulcers. The company intends to apply its Pulsed Acoustic Cellular Expression (PACE) technology in wound healing, orthopedic, plastic/cosmetic and cardiac conditions.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 27, 2026
AI Summary
Q4 2025

Record quarter: SANUWAVE said Q4 revenue hit an all-time high of $13.4 million, up 30% year over year, with adjusted EBITDA of $4.8 million, up from $3.7 million last year.

Full-year growth: 2025 revenue rose 35% to $44.1 million, and full-year adjusted EBITDA increased 89% to $13.6 million.

Wound care disruption: Management said CMS reimbursement changes and audits in the skin substitute market are pressuring many customers, reducing customer counts and slowing growth, but they believe the market is beginning to stabilize.

Channel shift: The company is expanding reseller and stocking distributor relationships to move faster into newly available market share; 32% of Q4 revenue came through outside resellers and distributors.

Guidance: SANUWAVE guided Q1 revenue to $9.6 million to $10.3 million and gave a preliminary 2025 revenue growth estimate of 16% to 25% versus 2024.

Product and supply: Gross margin was hurt in Q4 by a $486,000 write-off tied to sunsetting the PACE product line, while management said lower applicator pricing should help margins over time.

Customer activity: The company said it ended Q4 with 1,292 active systems, up 5% from Q3 on the new methodology, but also removed 168 systems as discontinued during the quarter.

Key Financials
Revenue
$13.4 million
Adjusted EBITDA
$4.8 million
Full-year revenue
$44.1 million
Full-year adjusted EBITDA
$13.6 million
Systems sold
624
Q4 systems sold
255
Gross margin
74.7%
Gross margin ex write-off
78.3%
Operating income
$2 million
Operating expenses
$8 million
Net income
$7.7 million
EBITDA
$8.7 million
Cash and cash equivalents
$12 million
Current assets
$24.6 million
Active systems
1,292
Discontinued systems
168
Revenue from resellers and distributors
32% of revenue
Q1 revenue guidance
$9.6 million to $10.3 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Morgan C. Frank
CEO & Chairman
No Bio Available
Mr. Timothy Hendricks
Executive Vice President of Sales for U.S. Wound Business
No Bio Available
Mr. Andrew Walko
President
No Bio Available
Mr. Peter Sorensen
Chief Financial Officer
No Bio Available
Mr. Peter Stegagno
Chief Operating Officer
No Bio Available
Dr. Iulian Cioanta Ph.D.
Chief Science & Technology Officer
No Bio Available
Ms. Nanci Gilmore
Vice President of Commercial Operations
No Bio Available

Contacts

Address
GEORGIA
Suwanee
3360 Martin Farm Rd Ste 100
Contacts
+17704197525.0
sanuwave.com
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