Company: SNWV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038937
Chunk: 58

Company: SANUWAVE Health, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 58
---
 in competitive analysis by benchmarking to competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation.Management has determined that Morgan Frank, CEO, is the CODM.The following table sets forth our condensed consolidated statements of comprehensive income (loss) used by the CODM:Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Revenue$10,164 $7,162 $19,506 $12,948 Cost of Revenues2,206 1,922 4,164 3,506 Gross Margin7,958 5,240 15,342 9,442 Operating Expenses:General and administrative4,039 1,839 8,506 5,514 Selling and marketing1,674 1,034 3,205 2,266 Research and development194 195 402 358 Depreciation and amortization174 180 366 362 Total Operating Expenses6,081 3,248 12,479 8,500 Total Other Income (Expense)(822)4,569 (7,484)1,091 Net Income (Loss)$1,055 $6,561 $(4,621)$2,033 

22

 Item 2.   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You should read the following discussion and analysis of our financial condition and results of operations together with our unaudited condensed consolidated financial statements and the related notes appearing elsewhere in this report, and together with our audited consolidated financial statements, related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” as of and for the year ended December 31, 2024 included in our Annual Report on Form 10-K, filed with the SEC on March 20, 2025 (the “2024 Annual Report”).

Executive Summary

We continued to realize significant revenue growth during the three months ended June 30, 2025, as compared to the same period in 2024. Revenue for the three months ended June 30, 2025, totaled $10.2 million, an increase of 42%, as compared to $7.2 million for the same period of 2024. Revenue for the six months ended June 30, 2025