Sanara MedTech ( (SMTI) ) has released its Q1 earnings. Here is a breakdown of the information Sanara MedTech presented to its investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Sanara MedTech Inc. is a medical technology company that develops and commercializes innovative products aimed at improving clinical outcomes and reducing healthcare costs in the surgical, chronic wound, and skincare markets. The company primarily operates in the North American advanced wound care and surgical tissue repair markets.
Sanara MedTech reported a 26% increase in net revenue for the first quarter of 2025, reaching $23.4 million compared to the same period in 2024. Despite the revenue growth, the company experienced a net loss of $3.5 million, which was higher than the $1.8 million loss reported in the first quarter of the previous year.
Key financial highlights include a significant increase in sales of soft tissue repair products, which contributed to a 30% rise in gross profit. The company also expanded its executive leadership team and secured an exclusive license and distribution agreement with Biomimetic Innovations Ltd. Additionally, Sanara entered into an amended term loan agreement to support its growth initiatives.
Looking ahead, Sanara MedTech remains focused on driving revenue growth and improving profitability. The company plans to launch a pilot program for its Tissue Health Plus platform and is actively seeking financial partners to support its strategic initiatives. Management is optimistic about addressing the large surgical market opportunities and enhancing value for stakeholders.