Sanuwave Health Expects Q1 2026 Revenue In The Range Of $9.6M To $9.7M , An Increase Of 3-4% Over Q1 2025

Sanuwave Health, Inc. (the "Company" or "Sanuwave") (NASDAQ:SNWV), a leading provider of FDA-approved directed energy systems used in advanced wound care, today announced that revenues for the first quarter of 2026 are expected to be in the range of $9.6 to $9.7 million, an increase of 3-4% over Q1 2025. This number is within the range of guidance given in the Company's Q4 2025 earnings release issued on March 26, 2026.

"At the end of Q1 the Company saw several good-sized deals (all of which remain live) slide out of the quarter and this brought us in toward the lower end of our guidance range," said CEO Morgan Frank. "Q1 has been a sort of reckoning in the wound care space as practitioners and customers came to terms with some significant changes in reimbursement for skin substitutes and allografts and this has caused many market participants and practitioners to pause or pull back from their activities in advanced wound care. But, as we discussed on our Q4 call, the patients and the wounds have not gone away and the need for care remains. At the SAWC conference in Charlotte last week, we spoke to a great many practitioners who were asking ‘So what now?' and looking for options going forward. Our booth was as busy as any of us can ever recall seeing it, our hands-on workshops were full, and interest was high. For these reasons, we're not pulling back but rather leaning in as we believe that Ultramist can be an important part of the forward roadmap for patient care. I'm not sure we can quite say ‘the tide has fully turned' at this point, but, at the very least, it does seem like perhaps the turn is starting and our optimism is increasing. We look forward to speaking with you further on this and providing some more color when we report our Q1 number in May."

The preliminary revenue results described herein are based on management's initial analysis of the first quarter ended March 31, 2026, and may be subject to adjustments based on the Company's completion of its quarter-end financial close process.