About SANUWAVE Health, Inc.
https://www.sanuwave.comSANUWAVE Health, Inc., a shock wave technology company, researches, develops, and commercializes noninvasive, high-energy, and acoustic shock waves for regenerative medicine and other applications in the United States and internationally.

CEO
Morgan C. Frank
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2024-10-18 | Reverse | 1:375 |
ETFs Holding This Stock
Summary
Showing Top 3 of 44
Ratings Snapshot
Rating : C
Most Recent Analyst Grades
Grade Summary
Showing Top 1 of 1
Price Target
Institutional Ownership

OPALEYE MANAGEMENT INC.
Shares:980K
Value:$27.51M

BLACKROCK, INC.
Shares:477.2K
Value:$13.4M

AWM INVESTMENT COMPANY, INC.
Shares:454.55K
Value:$12.76M
Summary
Showing Top 3 of 59
About SANUWAVE Health, Inc.
https://www.sanuwave.comSANUWAVE Health, Inc., a shock wave technology company, researches, develops, and commercializes noninvasive, high-energy, and acoustic shock waves for regenerative medicine and other applications in the United States and internationally.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $11.45M ▲ | $7.24M ▲ | $10.32M ▲ | 90.17% ▲ | $1.21 ▲ | $12.38M ▲ |
| Q2-2025 | $10.16M ▲ | $6.08M ▼ | $1.05M ▲ | 10.38% ▲ | $0.01 ▲ | $3.23M ▲ |
| Q1-2025 | $9.34M ▼ | $6.4M ▲ | $-5.68M ▲ | -60.76% ▲ | $-0.66 ▲ | $-3.55M ▲ |
| Q4-2024 | $10.33M ▲ | $5.52M ▲ | $-12.75M ▲ | -123.46% ▲ | $-3.33 ▲ | $-9.68M ▲ |
| Q3-2024 | $9.36M | $5.11M | $-20.66M | -220.69% | $-6.49 | $-16.74M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $9.6M ▲ | $35.6M ▲ | $38.53M ▼ | $-2.93M ▲ |
| Q2-2025 | $8.5M ▼ | $33.05M ▲ | $47.82M ▼ | $-14.78M ▲ |
| Q1-2025 | $8.5M ▼ | $30.86M ▲ | $48.15M ▲ | $-17.29M ▼ |
| Q4-2024 | $10.24M ▲ | $30.12M ▲ | $42.84M ▼ | $-12.72M ▲ |
| Q3-2024 | $3.26M | $21.84M | $82.11M | $-60.26M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $10.32M ▲ | $1.08M ▲ | $4.47M ▲ | $-4.45M ▼ | $1.11M ▲ | $556K ▲ |
| Q2-2025 | $1.05M ▲ | $993K ▲ | $-1.16M ▼ | $161K ▲ | $-5K ▲ | $-166K ▲ |
| Q1-2025 | $-5.68M ▲ | $-1.52M ▼ | $-162K ▲ | $-57K ▼ | $-1.74M ▼ | $-1.68M ▼ |
| Q4-2024 | $-12.75M ▲ | $741K ▼ | $-236K ▼ | $6.47M ▲ | $6.98M ▲ | $505K ▼ |
| Q3-2024 | $-20.66M | $1.28M | $-48K | $-435K | $799K | $1.23M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Consumables and Parts | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
License Fees and Other | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
System Revenue | $10.00M ▲ | $0 ▼ | $0 ▲ | $0 ▲ |
Revenue by Geography
| Region | Q3-2024 | Q4-2024 | Q1-2025 | Q2-2025 |
|---|---|---|---|---|
NonUS | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
UNITED STATES | $10.00M ▲ | $20.00M ▲ | $10.00M ▼ | $10.00M ▲ |

CEO
Morgan C. Frank
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2024-10-18 | Reverse | 1:375 |
ETFs Holding This Stock
Summary
Showing Top 3 of 44
Ratings Snapshot
Rating : C
Most Recent Analyst Grades
Grade Summary
Showing Top 1 of 1
Price Target
Institutional Ownership

OPALEYE MANAGEMENT INC.
Shares:980K
Value:$27.51M

BLACKROCK, INC.
Shares:477.2K
Value:$13.4M

AWM INVESTMENT COMPANY, INC.
Shares:454.55K
Value:$12.76M
Summary
Showing Top 3 of 59





