Record Revenue Achievement
SANUWAVE reported a record revenue of $10.3 million for Q4 2024, marking a significant milestone by breaking into eight figures. This represents a 47% increase compared to the same period in 2023.
Strong Growth in UltraMIST Systems Sales
The company sold 135 UltraMIST systems in Q4 2024, a 71% growth year-over-year from 79 systems sold in Q4 2023, and even outpacing the 124 systems sold in Q3 2024.
Increased Gross Margins
Gross margins improved to 77.9% in Q4 2024, up from 69.1% in the same period last year, driven by benefits from scale and price discipline.
Positive Adjusted EBITDA
Adjusted EBITDA was a positive $3.7 million for Q4 2024, an improvement of $3 million from the same period last year.
Successful Financial Restructuring
The company simplified its capital structure, strengthened its balance sheet with a $10.3 million PIPE transaction, and uplisted to NASDAQ.
Guidance for Continued Growth
SANUWAVE provided guidance for Q1 2025 revenue of $8.4 million to $9 million, representing 45% to 55% growth from Q1 2024, and full-year 2025 revenue of $48 million to $50 million, indicating a 50% year-on-year growth rate.