Company: SNWV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050280
Chunk: 95

Company: SANUWAVE Health, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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,451 $9,360 $2,091 22%$30,957 $22,308 $8,649 39%Cost of revenue2,526 2,293 233 10%6,690 5,799 891 15%Gross margin8,925 7,067 1,858 26%24,267 16,509 7,758 47%Gross margin %78%76%78%74%Operating expenses:General and administrative4,810 2,545 2,265 89%13,316 8,059 5,257 65%Selling and marketing2,081 2,202 (121)-5%5,286 4,468 818 18%Research and development345 161 184 114%747 519 228 44%Depreciation and amortization222 206 16 8%588 568 20 4%Operating income1,467 1,953 (486)-25%4,330 2,895 1,435 50%Other income (expense)8,858 (22,610)31,468 -139%1,374 (21,519)22,893 -106%Net income (loss)$10,325 $(20,657)$30,982 -150%$5,704 $(18,624)$24,328 -131%

Revenue

Revenues for the three months ended September 30, 2025, were $11.5 million, compared to $9.4 million for the same period of 2024, an increase of $2.1 million or 22%. The increase in net sales was primarily driven by the growth in quantity of UltraMIST® disposables and systems sold. The quantity of UltraMIST® disposables sold increased by 23% in the three months ended September 30, 2025, as compared to the same period of 2024. The quantity of UltraMIST® systems sold increased by 25% in the three months ended September 30, 2025, as compared to the same period of 2024. Pricing of the UltraMIST® disposables showed growth in the three months ended September 30, 2025, as compared to the same period of 2024; the average selling price of disposables increased 3% in the three months