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Sanuwave Q2 2026 revenue dips 3%, net loss $0.7M amid market and CMS reimbursement challenges

Company Fundamentals
06 Aug 2026
Na
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Bearish
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Sanuwave Health reported Q2 2026 revenue of $9.7 million, down 3% from $10.1 million in Q2 2025, with a net loss of $0.7 million compared to net income last year. The company faced challenges from CMS reimbursement changes and a secondary market for used Ultramist systems, impacting new system sales despite a 13% increase in applicator revenue. Gross margin fell slightly to 76.2%, and operating loss was $0.3 million. Sanuwave withdrew its 2026 guidance due to market uncertainties and plans to reassess after CMS finalizes its 2027 reimbursement rule in Q4 2026.

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