SANUWAVE Health Inc
SANUWAVE Health Inc develops and commercializes medical devices for wound care and regenerative medicine, generating revenue primarily through product sales and licensing agreements.
Business. SANUWAVE Health Inc (SNWV.O) is a healthcare services and equipment company operating within the medical equipment, supplies, and distribution industry. The firm generates revenue through the sale of products, including capital equipment and consumables. Headquartered in the United States, the company is primarily listed on the NASDAQ stock exchange. Specific details regarding operating segments and geographic revenue mix are not disclosed.
Analyst recommendations
2 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
SANUWAVE Health Inc (SNWV.O) is a healthcare services and equipment company operating within the medical equipment, supplies, and distribution industry. The firm generates revenue through the sale of products, including capital equipment and consumables. Headquartered in the United States, the company is primarily listed on the NASDAQ stock exchange. Specific details regarding operating segments and geographic revenue mix are not disclosed.
SANUWAVE Health Inc operates with a highly leveraged capital structure, as evidenced by a debt-to-equity ratio of 13.56, indicating significant reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.38, suggesting it can cover short-term obligations but with limited buffer. Free cash flow of $10.97 million supports operational flexibility, though the negative net cash position after subtracting total debt raises concerns about long-term liquidity.
Profitability metrics show mixed performance. The company reports a net income of $11.81 million and a return on equity of 7.30%, but its return on assets of 0.32% is significantly below industry norms, indicating inefficient asset utilization. Gross profit of $33.97 million represents 77.1% of revenue, suggesting strong cost control in production, though operating income of $4.27 million reflects higher overhead costs.
Geographic and segment exposure is not disclosed in the available data, but the company's revenue concentration in a single product line (wound care devices) introduces operational risk. The absence of segment-specific revenue breakdowns limits visibility into diversification efforts.
Growth trajectory is constrained by the company's current financial position. While revenue of $44.05 million is reported, no specific growth rate is provided. Analysts project a mean price target of $43.50, implying a 156% upside from the current market price of $16.96, though this is based on limited data and no recent revenue growth figures.
Risk factors include high leverage and potential dilution, though the latter is assessed as low. The company's negative net cash position after debt subtraction raises liquidity concerns, and the absence of disclosed capital expenditure plans beyond the $1.94 million outflow suggests limited investment in future growth.
Recent events include the publication of the latest financial data in the market data source, but no specific filings or transcripts are cited in the available data. The company's reliance on a single product line and high debt levels remain key operational risks.
- The company's high debt-to-equity ratio (13.56) indicates significant financial leverage and potential liquidity risk.
- Despite a strong gross margin (77.1%), the low return on assets (0.32%) suggests inefficient use of capital.
- Analysts project a mean price target of $43.50, implying a 156% upside from the current market price.
- The absence of segment-specific revenue data limits visibility into diversification and risk distribution.
- The company's free cash flow of $10.97 million provides some operational flexibility but is offset by a negative net cash position after debt.
- "margin_outlook_rationale": "Gross margin remains strong at 77.1%, but operating margin is constrained by high overhead costs.",
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,39 |
| Revenue | —no estimate | —no estimate | 51,8M USD |
| Operating income | —no estimate | —no estimate | 7,2M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Stock Option (right to buy) → Common StockAcquired 3 208 @ $17,29grant · 2026-03-31
- Director · Stock Option (right to buy) → Common StockAcquired 3 208 @ $17,29grant · 2026-03-31
- Director · Stock Option (right to buy) → Common StockAcquired 3 609 @ $17,29grant · 2026-03-31
- Director, Chief Executive Officer · Stock Option (right to buy) → Common StockAcquired 3 208 @ $17,29grant · 2026-03-31
- Director · Stock Option (right to buy) → Common StockAcquired 3 208 @ $17,29grant · 2026-03-31
- Exec VP of Sales · Stock Option (right to buy) → Common StockAcquired 2 500 @ $26,96grant · 2026-01-30
- Director, Chief Executive Officer · Stock Option (right to buy) → Common StockAcquired 24 000 @ $26,96grant · 2026-01-30
- Director, Chief Executive Officer · Stock Option (right to buy) → Common StockAcquired 1 540 @ $29,84grant · 2025-12-31
- Director · Stock Option (right to buy) → Common StockAcquired 1 733 @ $29,84grant · 2025-12-31
- Director · Stock Option (right to buy) → Common StockAcquired 1 540 @ $29,84grant · 2025-12-31
- Director · Stock Option (right to buy) → Common StockAcquired 1 540 @ $29,84grant · 2025-12-31
- Director · Stock Option (right to buy) → Common StockAcquired 1 540 @ $29,84grant · 2025-12-31
- Director · Stock Option (right to buy) → Common StockAcquired 1 342 @ $37,48grant · 2025-09-30
- Director · Stock Option (right to buy) → Common StockAcquired 1 510 @ $37,48grant · 2025-09-30
- Director · Stock Option (right to buy) → Common StockAcquired 1 342 @ $37,48grant · 2025-09-30
- Director · Stock Option (right to buy) → Common StockAcquired 1 342 @ $37,48grant · 2025-09-30
- Chief Executive Officer · Stock Option (right to buy) → Common StockAcquired 1 342 @ $37,48grant · 2025-09-30
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- SANUWAVE Health Inc Market data — financials · 2026-05-29
- SANUWAVE Health Inc Market data — analyst estimates · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2025-12-310,00 %$13M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Morgan C. FrankChairman of the Board, Chief Executive Officer
Insider activity
- 10% owner · Common Stock, par value $0.001 per shareSold 500 @ $16,11$8K · 2026-05-01
- 10% owner · Common Stock, par value $0.001 per shareSold 10 081 @ $16,11$162K · 2026-05-01
- 10% owner · Common Stock, par value $0.001 per shareSold 24 000 @ $16,15$388K · 2026-04-30
- 10% owner · Common Stock, par value $0.001 per shareSold 1 000 @ $16,15$16K · 2026-04-30
- 10% owner · Common Stock, par value $0.001 per shareSold 23 360 @ $17,25$403K · 2026-04-29
- 10% owner · Common Stock, par value $0.001 per shareSold 1 000 @ $17,25$17K · 2026-04-29
- 10% owner · Common Stock, par value $0.001 per shareSold 43 788 @ $18,47$809K · 2026-04-28
- 10% owner · Common Stock, par value $0.001 per shareSold 2 500 @ $18,47$46K · 2026-04-28
- 10% owner · Common Stock, par value $0.001 per shareSold 202 @ $20,50$4K · 2026-04-21
- 10% owner · Common Stock, par value $0.001 per shareSold 11 267 @ $20,46$231K · 2026-04-17
- 10% owner · Common Stock, par value $0.001 per shareSold 5 000 @ $20,46$102K · 2026-04-17
- Director by Deputization · Common Stock, par value $0.001Sold 6 500 @ $21,04$137K · 2025-12-12
- Director by Deputization · Common Stock, par value $0.001Sold 13 500 @ $31,28$422K · 2025-12-11
- Director by Deputization · Common Stock, par value $0.001Sold 8 625 @ $30,39$262K · 2025-12-10
- Director by Deputization · Common Stock, par value $0.001Sold 8 785 @ $30,58$269K · 2025-12-09
- Director by Deputization · Common Stock, par value $0.001Sold 125 400 @ $30,75$3,9M · 2025-12-08
- Director by Deputization · Common Stock, par value $0.001Sold 2 000 @ $31,60$63K · 2025-12-08
- 10% owner · Common Stock, par value $0.001 per shareBought 1 267 @ $30,28$38K · 2025-10-06
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 16.8%Derived (calculated)
- Net margin (FY 2025-12-31): 26.8%Derived (calculated)
- Gross margin (FY 2025-12-31): 77.1%Derived (calculated)
- Return on equity (FY 2025-12-31): 729.6%Derived (calculated)
- Return on assets (FY 2025-12-31): 31.6%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.38xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 22.07xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 296.3%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 24.7%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 118.6%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 105.5%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): 38.4%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2021-12-31): -16.6%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 135.7%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 57.9%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 28.5%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 101.0%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 35.0%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 110.3%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 24.0%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -22.2%Derived (calculated)
- Gross profit (annual): USD 33.97MSEC XBRL filing
- Operating income (annual): USD 4.95MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 0SEC XBRL filing