10-Q quarterly report · filed Nov 6, 2025

SANUWAVE Health, Inc. (SNWV) Q3 2025 10-Q Quarterly Report

Short answer

SANUWAVE Health, Inc. (SNWV) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $11M (up 22.3% year over year) with net income of $10M.

Q3 2025 key financials · XBRL

Revenue
$11M
+22.3% YoY · +12.7% QoQ
Net income
$10M
+150.0% YoY · +878.7% QoQ
Operating margin
12.8%
Gross margin
77.9%
EPS (diluted)
$0.92
+115.5% YoY · +666.7% QoQ

Source: XBRL data from the SANUWAVE Health, Inc. (SNWV) Q3 2025 10-Q on SEC EDGAR. USD.

SANUWAVE Health, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $11.5M, up 22% YoY from $9.4M, driven by UltraMIST disposables and systems
  • Gross margin 78% vs 76% YoY; operating income $1.5M vs $2.0M
  • UltraMIST represented 99% of revenue; disposables volume up 23%, systems volume up 25%
  • Operating cash flow $0.6M vs $1.7M; investing cash flow $3.2M, including $5.0M patent proceeds
  • Debt refinancing extended maturities and added revolving-credit liquidity; management expects resources sufficient for 12 months

Risk Factors

  • New tax-attribute limitation triggered by IRC Section 382 analysis during quarter ended June 30, 2025
  • $44.2 million of NOL tax attributes expected to expire before availability due to ownership shifts
  • Federal and state NOL carryforwards begin expiring after 2033

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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