SANUWAVE's Q1: Record Revenue, Growing Systems

SANUWAVEs first quarter results show a record $9.6 million in revenue, a 3% increase from last year, with 97 systems sold and a net gain of 90 active systems. Despite a market freeze in January due to new CMS pricing, sales picked up in February and March, with more sales funneled through resellers. Providers are feeling the squeeze from tighter CMS rules, leading to consolidation in mobile wound care, which benefits SANUWAVE. Financials show a 22% increase in consumables utilization, 77.3% gross margins, and an operating loss of $1.1 million. SANUWAVE is optimistic about the second half of the year as budgets loosen up and big accounts test UltraMIST. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c05acaf7077ec965