Revenue
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
SANUWAVE Health, Inc. (SNWV)
Price$4.39Cached quote
Net income
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2011
2012
2014
2016
2017
2018
2019
2020
2021
2023
2024
2025
Total cash / debt
CashTotal debt
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.1M | $32.3M | $19.3M | $15.5M | $11.4M | $3.6M | $1.0M | $1.9M | $738,527 | $1.4M | $965,501 | $847,367 | $800,029 | $769,217 | $802,572 | $728,446 |
| Gross profit | $34.0M | $24.6M | $14.4M | $12.4M | $8.0M | $2.9M | $489,807 | $1.2M | $496,557 | $810,934 | $680,539 | $627,392 | $610,238 | $548,960 | $540,682 | $478,120 |
| Gross margin | 77.11% | 75.93% | 74.59% | 80.01% | 70.49% | 79.80% | 47.61% | 62.51% | 67.24% | 58.93% | 70.49% | 74.04% | 76.28% | 71.37% | 67.37% | 65.64% |
| Research & development | $1.4M | $673,000 | $579,000 | $567,000 | $1.1M | $1.2M | $1.2M | $981,654 | $1.3M | $1.1M | $2.2M | $3.0M | $2.3M | $1.8M | $2.7M | $3.9M |
| Operating expenses | $29.0M | $20.7M | $14.9M | $21.4M | $22.2M | $28.1M | $9.3M | $8.3M | $4.3M | $4.1M | $5.1M | $6.6M | $6.6M | $6.6M | $9.3M | $12.3M |
| Operating income | $4.9M | $3.8M | −$540,000 | −$9.0M | −$14.1M | −$25.2M | −$8.8M | −$7.2M | −$3.8M | −$3.3M | −$4.4M | −$6.0M | −$6.0M | −$6.1M | −$8.8M | −$11.8M |
| Operating margin | 11.23% | 11.90% | −2.80% | −57.71% | −124.24% | −694.60% | −854.87% | −388.11% | −517.85% | −241.01% | −459.63% | −703.77% | −746.97% | −788.12% | −1,097.61% | −1,620.92% |
| EBITDA | $5.9M | $4.6M | $488,000 | −$8.0M | −$12.9M | −$24.9M | −$8.7M | −$7.2M | −$3.8M | −$3.0M | −$4.1M | −$5.6M | −$5.6M | −$5.7M | −$8.5M | −$10.7M |
| EBITDA margin | 13.44% | 14.34% | 2.53% | −51.58% | −113.38% | −686.36% | −847.95% | −386.90% | −514.59% | −217.28% | −427.49% | −665.88% | −706.18% | −745.59% | −1,057.02% | −1,464.93% |
| Net income | $11.8M | −$33.1M | −$25.8M | −$10.3M | −$27.3M | −$30.9M | −$10.4M | −$11.6M | −$5.5M | −$6.4M | −$4.8M | −$6.0M | −$11.3M | −$6.4M | −$10.2M | −$14.9M |
| Net profit margin | 26.82% | −102.33% | −134.03% | −66.36% | −239.47% | −852.73% | −1,013.86% | −628.70% | −749.86% | −467.93% | −498.22% | −705.02% | −1,412.41% | −832.21% | −1,275.75% | −2,048.53% |
| Basic EPSper basic share | $1.38 | -$7.41 | -$12.19 | -$7.41 | -$18.52 | -$29.63 | -$18.52 | -$29.63 | -$14.81 | -$22.22 | -$29.63 | -$44.44 | -$148.15 | -$111.11 | -$192.59 | -$425.93 |
| Diluted EPSper diluted share | $0.41 | -$7.41 | -$12.19 | -$7.41 | -$18.52 | -$29.63 | -$18.52 | -$29.63 | -$14.81 | -$22.22 | -$29.63 | -$44.44 | -$148.15 | -$111.11 | -$192.59 | -$425.93 |
Owners
Reported shareholders
7.10%of listed shares
Solas Capital Management, LLC610.97K shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
Solas Capital Management, LLC | 7.10%610.97K shares |
AWM Investment Company, Inc. | 5.28%454.55K shares |
Praetorian PR LLC | 4.59%395K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.10%352.76K shares |
Stolarski Anthony Michael | —351.79K shares |
Opaleye Management Inc. | 3.56%306.14K shares |
UBS Group AG | 2.99%256.79K shares |
BlackRock, Inc. | 1.86%159.87K shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.00%86.1K shares |
CITADEL ADVISORS LLC | 0.69%59.47K shares |
Miller Ian D. | —49.32K shares |
VANGUARD FIDUCIARY TRUST CO | 0.50%43.1K shares |
MARSHALL WACE, LLP | 0.49%42.13K shares |
GOLDMAN SACHS GROUP INC | 0.47%40.43K shares |
JPMORGAN CHASE & CO | 0.46%39.7K shares |
Stonebridge Wealth Management, LLC | 0.45%38.43K shares |
Luxor Capital Group, LP | 0.43%37.2K shares |
STATE STREET CORP | 0.38%32.28K shares |
MORGAN STANLEY | 0.37%31.62K shares |
JANE STREET GROUP, LLC | 0.28%23.85K shares |
Percentages use 8.6M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| May 1, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | SellCommon Stock, par value $0.001 per share · indirect | 500 | $16.11 | $8.1K | 5.0K |
| May 1, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | SellCommon Stock, par value $0.001 per share · indirect | 10.1K | $16.11 | $162.4K | 853.6K |
| Apr 30, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | SellCommon Stock, par value $0.001 per share · indirect | 1.0K | $16.15 | $16.1K | 5.5K |
| Apr 30, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | SellCommon Stock, par value $0.001 per share · indirect | 24.0K | $16.15 | $387.6K | 863.6K |
| Apr 29, 2026Form 4 | Opaleye Management Inc.TenPercentOwner | SellCommon Stock, par value $0.001 per share · indirect | 1.0K | $17.25 | $17.3K | 6.5K |