Jun 2026 (Q2 FY26) — Aug 7, 2026
SANUWAVE Health Q2 FY26 — Strong Consumables Growth Amidst Reimbursement Uncertainty and Used System Cannibalization
Read the full callSANUWAVE Health earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9.7 | −3.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -2.9 | −17.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -0.68 | −223.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $33.93 on 17 Oct 2025 → $4.83. High $35.34 (11 Nov 2025), low $4 (10 Sept 2026).
Overview
Call summaries
SANUWAVE Health Q2 FY26 — Strong Consumables Growth Amidst Reimbursement Uncertainty and Used System Cannibalization
Read the full callEvery analysed call
Financials
Net profit, year on year: −224% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 9 | 10 | 9 | 10 | 11 | 13 | 10 | 10 |
| Operating profit | 1 | 3 | 1 | 1 | 1 | 2 | -1 | -0 |
| Operating margin | 15.8% | 24.4% | 6.4% | 14.3% | 8.0% | 14.9% | −11.7% | −2.9% |
| Net profit | -21 | -13 | -6 | 1 | 10 | 8 | -1 | -1 |
| EPS ($ per share) | -6.65 | — | -0.72 | 0.06 | 1.13 | — | -0.17 | -0.08 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Reserves | -117 | -126 | -157 | -184 | -194 | -220 | -254 | -243 |
| Total liabilities | 17 | 13 | 37 | 58 | 61 | 66 | 46 | 36 |
| Fixed assets | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 2 |
| Total assets | 1 | 3 | 23 | 19 | 20 | 22 | 30 | 37 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -4 | -6 | -13 | -6 | -17 | -5 | 2 | 4 |
| Cash from investing | -0 | -0 | -20 | -1 | 0 | 0 | -0 | 3 |
| Cash from financing | 3 | 8 | 33 | 5 | 17 | 5 | 6 | -6 |
| Net cash flow | — | 1 | 1 | -2 | 1 | 1 | 8 | 2 |
| Capital expenditure | -0 | -0 | -0 | -1 | — | 0 | -0 | -2 |
| Free cash flow | -4 | -6 | -13 | -7 | — | -5 | 2 | 2 |
17 filings between Dec 8, 2025 and May 1, 2026.
Purchases
None
No insider bought shares.
Sales
$7.20M
17 sales by 2 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| MANCHESTER MANAGEMENT CO LLC | — | $5.01M | Dec 12, 2025 |
| Opaleye Management Inc. | — | $2.19M | May 1, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 1, 2026 | Opaleye Management Inc. 10% owner | Sale | 10,081 | $162.4K |
| May 1, 2026 | Opaleye Management Inc. 10% owner | Sale | 500 | $8.1K |
| Apr 30, 2026 | Opaleye Management Inc. 10% owner | Sale | 1,000 | $16.2K |
| Apr 30, 2026 | Opaleye Management Inc. 10% owner | Sale | 24,000 | $387.6K |
| Apr 29, 2026 | Opaleye Management Inc. 10% owner | Sale | 23,360 | $402.9K |
| Apr 29, 2026 | Opaleye Management Inc. 10% owner | Sale | 1,000 | $17.2K |
| Apr 28, 2026 | Opaleye Management Inc. 10% owner | Sale | 43,788 | $808.7K |
| Apr 28, 2026 | Opaleye Management Inc. 10% owner | Sale | 2,500 | $46.2K |
| Apr 21, 2026 | Opaleye Management Inc. 10% owner | Sale | 202 | $4.1K |
| Apr 17, 2026 | Opaleye Management Inc. 10% owner | Sale | 11,267 | $230.5K |
| Apr 17, 2026 | Opaleye Management Inc. 10% owner | Sale | 5,000 | $102.3K |
| Dec 12, 2025 | MANCHESTER MANAGEMENT CO LLC Insider | Sale | 6,500 | $136.8K |
| Dec 11, 2025 | MANCHESTER MANAGEMENT CO LLC Insider | Sale | 13,500 | $422.3K |
| Dec 10, 2025 | MANCHESTER MANAGEMENT CO LLC Insider | Sale | 8,625 | $262.1K |
| Dec 9, 2025 | MANCHESTER MANAGEMENT CO LLC Insider | Sale | 8,785 | $268.7K |
| Dec 8, 2025 | MANCHESTER MANAGEMENT CO LLC Insider | Sale | 125,400 | $3.86M |
| Dec 8, 2025 | MANCHESTER MANAGEMENT CO LLC Insider | Sale | 2,000 | $63.2K |
| Oct 6, 2025 | Opaleye Management Inc. 10% owner | Purchase | 1,267 | $38.4K |
| Jun 5, 2025 | Stegagno Peter Chief Operating Officer | Option exercise | 529 | $11.9K |
| Jun 5, 2025 | Stegagno Peter Chief Operating Officer | Sale | 1,862 | $51.6K |
| Jun 5, 2025 | Stegagno Peter Chief Operating Officer | Option exercise | 1,333 | $20.0K |
| Apr 29, 2025 | Opaleye Management Inc. 10% owner | Purchase | 2,998 | $76.4K |
| Apr 29, 2025 | Opaleye Management Inc. 10% owner | Purchase | 5,000 | $127.5K |
| Nov 1, 2024 | Opaleye Management Inc. 10% owner | Purchase | 7,998 | $121.5K |
| Nov 1, 2024 | Opaleye Management Inc. 10% owner | Purchase | 8,002 | $121.6K |
| Oct 31, 2024 | Opaleye Management Inc. 10% owner | Purchase | 5,868 | $95.6K |
| Oct 31, 2024 | Opaleye Management Inc. 10% owner | Purchase | 4,000 | $65.2K |
| Oct 30, 2024 | Opaleye Management Inc. 10% owner | Purchase | 2,000 | $35.0K |
| Oct 18, 2024 | Stolarski Anthony Michael Director | Award | 8,500 | — |
| Oct 18, 2024 | Stolarski Anthony Michael Director | Award | 9,000 | — |
| Oct 18, 2024 | Stolarski Anthony Michael Director | Award | 11,500 | — |
| Oct 18, 2024 | Stolarski Anthony Michael Director | Award | 5,100 | — |
| Oct 18, 2024 | Stolarski Anthony Michael Director | Award | 5,400 | — |
| Oct 18, 2024 | Stolarski Anthony Michael Director | Award | 76,215 | — |
| Oct 18, 2024 | Stolarski Anthony Michael Director | Award | 80,698 | — |
| Oct 18, 2024 | Miller Ian D. Director | Award | 3,000 | — |
| Oct 18, 2024 | Miller Ian D. Director | Award | 6,300 | — |
| Oct 18, 2024 | Miller Ian D. Director | Award | 5,950 | — |
| Oct 18, 2024 | Miller Ian D. Director | Award | 2,834 | — |
| Oct 18, 2024 | Tyler James Director | Award | 2,700 | — |
| Oct 18, 2024 | Tyler James Director | Award | 2,550 | — |
| Oct 18, 2024 | MANCHESTER MANAGEMENT CO LLC Insider | Other | 42,498 | $1.07M |
| Oct 18, 2024 | MANCHESTER MANAGEMENT CO LLC Insider | Other | 14,167 | $356.0K |
| Oct 18, 2024 | MANCHESTER MANAGEMENT CO LLC Insider | Other | 15,000 | $225.0K |
| Oct 18, 2024 | MANCHESTER MANAGEMENT CO LLC Insider | Other | 22,667 | $569.6K |
| Oct 18, 2024 | MANCHESTER MANAGEMENT CO LLC Insider | Other | 24,000 | $360.0K |
| Oct 18, 2024 | MANCHESTER MANAGEMENT CO LLC Insider | Purchase | 181,818 | $1.50M |
| Oct 18, 2024 | MANCHESTER MANAGEMENT CO LLC Insider | Other | 6,375 | $160.2K |
| Oct 18, 2024 | MANCHESTER MANAGEMENT CO LLC Insider | Other | 150,000 | $2.25M |
| Oct 18, 2024 | MANCHESTER MANAGEMENT CO LLC Insider | Other | 141,667 | $3.56M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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