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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Sanuwave Health
Sanuwave Health (SNWV) investor relations material
Sanuwave Health Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Mar, 2026
Executive summary
Achieved record Q4 2025 revenue of $13.4M, up 30% year-over-year, and full-year revenue of $44.1M, up 35% from 2024.
Adjusted EBITDA for Q4 2025 was $4.8M, up from $3.7M in Q4 2024; full-year Adjusted EBITDA rose to $13.6M.
Sold 624 UltraMIST systems in 2025, with 255 in Q4, the highest quarterly total ever.
Net income for Q4 2025 was $7.7M, reversing a net loss of $13.3M in Q4 2024, primarily due to changes in derivative liabilities.
Company is capitalizing on new opportunities by expanding reseller partnerships and targeting emerging customer segments.
Financial highlights
Q4 2025 gross margin was 74.7%, down 320 bps year-over-year due to a $486K inventory write-off; adjusted gross margin was 78.3%.
Q4 2025 operating income was $2M; adjusted operating income (excluding one-time items) was $3M.
Q4 2025 net income was $7.7M, compared to a net loss of $13.3M in Q4 2024, driven by a $5.9M non-cash gain from derivative liabilities.
Cash and equivalents at year-end 2025 were $12M; total current assets were $24.6M.
Q4 2025 EPS: $1.38 basic, $0.41 diluted (vs. $(7.41) in 2024).
Outlook and guidance
Q1 2026 revenue guidance is $9.6M–$10.3M, up 3%–10% year-over-year.
Full-year 2026 revenue guidance is $51.0M–$55.0M, a 16%–25% increase over 2025.
Management expects stronger performance in the second half of 2026 as industry disruption stabilizes.
Competitive shifts from skin substitute cuts
Drivers of the Q1 vs full year guidance gap
Impact of CMS audits on UltraMist consumables
Reseller shift impact on ASP and margins
Reasons for the 168 discontinued systems in Q4
Status of the new applicator manufacturing line
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Sanuwave Health
- Record Q2 revenue and net income, with strong Q3 growth expected but ongoing capital risks.SNWV
Q2 20242 Feb 2026 - Merger deadline extended, Cboe listing targeted, and 50% revenue growth forecast.SNWVM&A Announcement31 Jan 2026
- Q3 revenue up 89% to $9.4M, margin gains, but going concern risks persist.SNWVQ3 202415 Jan 2026
- Record revenue, margin gains, and 2025 guidance for 47–53% growth signal strong momentum.SNWVQ4 202426 Dec 2025
- Shareholders to vote on director elections, auditor, equity plan, and executive pay at annual meeting.SNWVProxy Filing2 Dec 2025
- Consent sought for reverse stock split and new equity plan; Board recommends approval.SNWVProxy Filing2 Dec 2025
- Annual meeting to elect directors, amend equity plan, and ratify auditor set for August 2025.SNWVProxy Filing2 Dec 2025
- Approval sought for reverse stock split and new equity plan to support capital structure and talent.SNWVProxy Filing2 Dec 2025
- Resale of 2.89M shares by investors; company receives no proceeds from this offering.SNWVRegistration Filing29 Nov 2025
Next Sanuwave Health earnings date
Q1 20268 May, 2026
Sanuwave Health
Next Sanuwave Health earnings date
Q1 20268 May, 2026
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Amina0781App Store
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