SANUWAVE Health Q3 revenue falls on regulatory uncertainty, lower Ultramist system sales
SNWV•SANUWAVE Health’s third-quarter revenue fell 24% year over year to $8.60 million, and it reported a $1.07 million operating loss. The company cited regulatory uncertainty and lower Ultramist system sales.
1. Revenue and results
SANUWAVE Health said third-quarter revenue fell 24% year over year to $8.60 million. It reported a $1.07 million operating loss, compared with operating income a year earlier, and a net loss of $1.41 million.
2. Factors affecting sales
The company said a proposed CMS rule led to customer exits and reduced demand, particularly among rural home care providers. It also cited a secondary market for used Ultramist systems and uncertainty over changes to code 97610 as factors weighing on new system sales. Revenue from Ultramist applicators increased slightly.
