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Sanuwave Health Reports Preliminary Q1 2026 Revenue of $9.6–$9.7 Million, Up 3-4% Year-over-Year

Sanuwave (NASDAQ: SNWV) reported preliminary Q1 2026 revenue of $9.6–$9.7 million, a 3–4% increase versus Q1 2025 and in line with prior guidance.

(Positive)
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Sanuwave (NASDAQ: SNWV) reported preliminary Q1 2026 revenue of $9.6–$9.7 million, a 3–4% increase versus Q1 2025 and in line with prior guidance. Management said several good-sized deals slipped out of the quarter, and Q1 results are preliminary pending quarter-end close.

CEO noted strong practitioner interest at the SAWC conference and emphasized continued focus on Ultramist amid reimbursement headwinds.

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Positive

  • Preliminary revenue of $9.6–$9.7M for Q1 2026
  • Revenue +3–4% YoY versus Q1 2025
  • Results within prior guidance range
  • High practitioner interest reported at SAWC conference

Negative

  • Several good-sized deals slid out of Q1
  • Reimbursement changes caused market participants to pause activity
  • Q1 figures are preliminary and may be adjusted after close
Argus Apr 17 session
+14.37% close to close Open Argus
Details

News Market Reaction – SNWV

On Apr 17, the first trading day after this news, SNWV closed 14.37% above the previous close.

Data tracked by StockTitan Argus for the Apr 17 session.

Market Context

On Apr 17, the first trading day after this news, the stock closed 14.4% above the previous close. A...
Analysis

On Apr 17, the first trading day after this news, the stock closed 14.4% above the previous close. A strong positive reaction aligns with Sanuwave’s history of sizable moves around earnings, where prior events saw an average move of about 2.38% and several double‑digit swings. Investors have reacted sharply in the past to reimbursement headlines and guidance changes, so upside could be sensitive to any revisions when final Q1 numbers are reported. Prior restatements and accounting weaknesses from recent filings remain important risk factors to monitor.

Key Figures

Q1 2026 prelim revenue: $9.6–$9.7M Q1 YoY growth: 3–4% Q1 2026 guidance range: $9.6–$10.3M +5 more
Q1 2026 prelim revenue
$9.6–$9.7M
Preliminary Q1 2026, in line with prior guidance
Q1 YoY growth
3–4%
Revenue growth vs Q1 2025
Q1 2026 guidance range
$9.6–$10.3M
Guidance from Q4 2025 earnings release
2026 revenue guidance
$51.0–$55.0M
Full-year 2026 guidance from prior earnings
2026 growth guidance
16–25%
Projected 2026 revenue growth vs 2025
Current price
$18.02
Pre-news price vs 52-week range
52-week high/low
$46.59 / $16.27
Positioning of current price in range
Market cap
$157,016,198
Equity value before Q1 prelim announcement

Previous Earnings Reports

5 past events · Latest: Mar 26
Same Type 5 events
  1. Mar 26

    Q4/FY25 results

    24h Move
    -1.3%

    Record Q4 and 2025 revenues with strong margins and growth guidance.

  2. Jan 09

    Prelim Q4 2025

    24h Move
    +1.2%

    Preliminary record Q4 and full-year revenue with 29–36% growth.

  3. Nov 07

    Q3 2025 results

    24h Move
    +17.7%

    Record Q3 revenue, strong margins, and raised outlook for 2025.

  4. Oct 06

    Prelim Q3 2025

    24h Move
    -21.6%

    Preliminary Q3 missed guidance and annual revenue guidance cut.

  5. Aug 08

    Q2 2025 results

    24h Move
    +15.8%

    Record Q2 revenue, margin expansion, and strong UltraMIST growth.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

allografts
1 terms
allografts medical
"changes in reimbursement for skin substitutes and allografts and this has caused"
Allografts are medical implants or tissue transplants taken from one person and used in another to replace or repair damaged bone, skin, or other tissues — think of them as biological replacement parts donated by another human. They matter to investors because their safety, availability, regulatory approval, reimbursement rules, and infection or rejection risks directly affect healthcare companies’ sales, costs and legal exposure, which in turn influence revenue and valuation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Sanuwave is pleased to announce preliminary revenues of $9.6 million to $9.7 million for the first quarter ended March 31, 2026, in line with prior guidance for Q1.

EDEN PRAIRIE, Minn., April 16, 2026 (GLOBE NEWSWIRE) -- Sanuwave Health, Inc. (the "Company" or "Sanuwave”) (NASDAQ: SNWV), a leading provider of FDA-approved directed energy systems used in advanced wound care, today announced that revenues for the first quarter of 2026 are expected to be in the range of $9.6 to $9.7 million, an increase of 3-4% over Q1 2025. This number is within the range of guidance given in the Company’s Q4 2025 earnings release issued on March 26, 2026.

“At the end of Q1 the Company saw several good-sized deals (all of which remain live) slide out of the quarter and this brought us in toward the lower end of our guidance range,” said CEO Morgan Frank. “Q1 has been a sort of reckoning in the wound care space as practitioners and customers came to terms with some significant changes in reimbursement for skin substitutes and allografts and this has caused many market participants and practitioners to pause or pull back from their activities in advanced wound care. But, as we discussed on our Q4 call, the patients and the wounds have not gone away and the need for care remains. At the SAWC conference in Charlotte last week, we spoke to a great many practitioners who were asking ‘So what now?’ and looking for options going forward. Our booth was as busy as any of us can ever recall seeing it, our hands-on workshops were full, and interest was high. For these reasons, we’re not pulling back but rather leaning in as we believe that Ultramist can be an important part of the forward roadmap for patient care. I’m not sure we can quite say ‘the tide has fully turned’ at this point, but, at the very least, it does seem like perhaps the turn is starting and our optimism is increasing. We look forward to speaking with you further on this and providing some more color when we report our Q1 number in May.”

The preliminary revenue results described herein are based on management’s initial analysis of the first quarter ended March 31, 2026, and may be subject to adjustments based on the Company’s completion of its quarter-end financial close process.

About Sanuwave

Sanuwave Health is focused on the research, development, and commercialization of its patented, non-invasive directed energy systems used in the repair and regeneration of skin, musculoskeletal tissue, and vascular structures.

Sanuwave's end-to-end wound care portfolio of regenerative medicine products and product candidates help restore the body’s normal healing processes. Sanuwave applies and researches its patented and FDA approved/cleared energy transfer technologies in wound healing, orthopedic/spine, aesthetic/cosmetic, and cardiac/endovascular conditions.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future financial results, production expectations, plans for future business development activities and expectations regarding the impact of changes in tariff rates. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with regulatory oversight, the Company’s ability to manage its capital resources, competition and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.

Contact: investors@sanuwave.com


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Sanuwave (SNWV) report for preliminary Q1 2026 revenue?

Sanuwave reported preliminary Q1 2026 revenue of $9.6–$9.7 million, a 3–4% increase year-over-year. According to the company, this result is within prior guidance and is based on management's initial quarter analysis pending final close.

Why did Sanuwave (SNWV) land at the lower end of Q1 2026 guidance?

The company said several good-sized deals slid out of the quarter, reducing near-term revenue. According to the company, timing shifts on live deals pushed results toward the lower end of guidance for Q1 2026.

How did reimbursement changes affect Sanuwave's Q1 2026 performance (SNWV)?

Sanuwave reported reimbursement changes for skin substitutes and allografts caused practitioners to pause purchasing activity. According to the company, those market pauses affected advanced wound care demand during Q1 2026.

What conference feedback did Sanuwave cite that could affect SNWV outlook?

Management reported strong practitioner interest and busy workshops at the SAWC conference, suggesting continued demand for Ultramist. According to the company, conference engagement supports optimism despite short-term reimbursement headwinds.

When will Sanuwave (SNWV) provide final Q1 2026 results?

Sanuwave will report final Q1 2026 numbers when it completes its quarter-end financial close, expected in May. According to the company, preliminary figures may be adjusted during the close process before the May report.

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