Company: SNWV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038937
Chunk: 61

Company: SANUWAVE Health, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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856 Non-GAAP Adjustments for Adjusted EBITDA:Change in fair value of derivative liabilities(990)(3,717)3,911 (1,216)Other non-cash or infrequent charges:Stock-based compensation1,132 - 2,116 - Gain on extinguishment of debt- (5,310)- (5,205)Severance agreement and legal settlement- - - 585 Release of historical accrued expenses- (579)- (579)License and option agreement- - - (2,500)Prepaid legal fees expensed from termination of Merger Agreement$- $457 $- $457 Adjusted EBITDA$3,370 $1,457 $5,705 $1,398 

24

Results of Operations

Three Months Ended June 30,ChangeSix Months Ended June 30,Change(in thousands)20252024$%20252024$%Revenue$10,164 $7,162 $3,002 42%$19,506 $12,948 $6,558 51%Cost of revenue2,206 1,922 284 15%4,164 3,506 658 19%Gross margin7,958 5,240 2,718 52%15,342 9,442 5,900 62%Gross margin %78%73%79%73%Operating expenses:General and administrative4,039 1,839 2,200 120%8,506 5,514 2,992 54%Selling and marketing1,674 1,034 640 62%3,205 2,266 939 41%Research and development194 195 (1)-1%402 358 44 12%Depreciation and amortization174 180 (6)-3%366 362 4 1%Operating income1,877 1,992 (115)-6%2,863 942 1,921 204%Other income (expense)(822)4,569 (5,391)-118%(7,484)1,091 (8,575)-786%Net income (loss)$1,055 $6,561 $(5,506)-84%$(4,621)$2,033 $(6,654)-