The earnings call reflects a positive trend with significant revenue growth, strong sales of UltraMIST systems, and robust gross margins, despite some challenges with decreased net income and increased operating expenses primarily due to non-recurring items and stock compensation. The expansion of the sales team and improvements in applicator production also add to the positive outlook.

Company Guidance -

Q3 2025

During the SANUWAVE Q2 2025 earnings call, CEO Morgan Frank highlighted the company's robust performance, noting a 42% year-over-year revenue increase in Q2 and a 51% increase for the first half of 2025. The company sold 116 UltraMIST systems in Q2, achieving a 61% increase from the previous year and an 18% increase from Q1. Applicator revenue reached $6.4 million, representing 63% of total revenues and growing 37% from the same quarter last year. Gross margins were strong at 78.3%, up 510 basis points year-over-year. The company also maintained a focus on reducing production costs and expanding production capacity, with a new applicator design set to begin commercial production in Q4. Operating expenses rose due to increased non-cash stock-based compensation and the absence of a one-time gain from the previous year. Despite these increases, adjusted EBITDA improved to $3.4 million, up from $1.5 million in the prior year. Looking ahead, SANUWAVE guided Q3 revenues between $12 million to $12.7 million, while maintaining annual guidance. The company is also preparing to launch a significant outbound marketing campaign in October, aiming to increase awareness and adoption of its UltraMIST product.

Significant Revenue Growth

SANUWAVE reported a 42% year-over-year increase in revenue for Q2 2025, reaching $10.2 million, and a 51% increase for the first half of 2025.

Strong Sales of UltraMIST Systems

The company sold 116 UltraMIST systems in Q2, a 61% increase from the previous year and an 18% increase from Q1.

High Gross Margins

Gross margins remained robust at 78.3%, up 510 basis points year-over-year.

Expansion of Sales Team

SANUWAVE now has all 12 national sales territories staffed, up from 9 at year-end 2024, and added a full-time national and key accounts manager.

Improved Applicator Production Process

The company is on track to commence commercial production of a new applicator design in Q4, expected to increase capacity and reduce costs.

Sanuwave Health (SNWV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SNWV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 07, 2025	2025 (Q3)	0.10 / -	-6.488	―	―	―
Aug 08, 2025	2025 (Q2)	-0.09 / 0.01	1.774	-99.44% (-1.76)
May 09, 2025	2025 (Q1)	- / -0.66	-1.462	54.86% (+0.80)
Mar 21, 2025	2024 (Q4)	- / -1.49	5.996	-124.88% (-7.49)
Nov 08, 2024	2024 (Q3)	- / -6.49	-9.952	34.81% (+3.46)
Aug 13, 2024	2024 (Q2)	- / 1.77	-4.676	137.94% (+6.45)
May 10, 2024	2024 (Q1)	- / -1.46	-8.531	82.86% (+7.07)	―	―
Mar 22, 2024	2023 (Q4)	- / 6.00	-5.55	208.04% (+11.55)	―	―
Nov 10, 2023	2023 (Q3)	- / -9.95	-0.278	-3479.86% (-9.67)	―	―
Aug 11, 2023	2023 (Q2)	- / -4.68	1.162	-502.41% (-5.84)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SNWV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 08, 2025	$34.32	$39.76	+15.85%
May 09, 2025	$31.55	$30.10	-4.60%
Mar 21, 2025	$32.00	$37.61	+17.53%
Nov 08, 2024	$19.40	$22.20	+14.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sanuwave Health (SNWV) report earnings?

Sanuwave Health (SNWV) is schdueled to report earning on Nov 07, 2025, TBA (Confirmed).

What is Sanuwave Health (SNWV) earnings time?

Sanuwave Health (SNWV) earnings time is at Nov 07, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SNWV EPS forecast?

SNWV EPS forecast for the fiscal quarter 2025 (Q3) is 0.1.

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