Company: SNWV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050280
Chunk: 63

Company: SANUWAVE Health, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 Other non-cash or infrequent charges:Stock-based compensation1,397 - 3,513 - Loss (Gain) on extinguishment of debt477 - 477 (5,205)Loss on impairment of assets196 - 196 - Severance agreement and legal settlement113 - 113 585 Release of historical accrued expenses- - - (579)Gain on license and option agreement(5,000)- (5,000)(2,500)Prepaid legal fees expensed from termination of Merger Agreement- - - 457 Adjusted EBITDA$3,462 $2,109 $9,167 $3,507 

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Results of Operations

Three Months Ended September 30,ChangeNine Months Ended September 30,Change(in thousands)20252024$%20252024$%Revenue$11,451 $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