Sanuwave Shares Plunge After Revenue Guidance Cut

Dow Jones

2025/10/07

By Freddy Sebastian

Sanuwave Health said it expects third-quarter revenue of $11.4 million to $11.6 million, below its previous expectations, blaming uncertainty around proposed reimbursement changes for some treatment modalities.

Its stock dropped 20.4% to $32.50 in after-hours trading on Monday.

The company, which develops patented noninvasive, biological response activating devices, previously expected revenue between $12 million and $12.7 million for its three-month period ended Sept. 30.

The uncertainty affected purchase decisions, which were delayed and patient counts were reduced as providers took a wait-and-see approach to potential changes, CEO Morgan Frank said. "This made for a difficult environment," he added.

As a result, Sanuwave said it cut its revenue forecast for fiscal 2025 to between $44 million to $46 million from previous guidance of $48 million to $50 million.

Write to Freddy Sebastian at freddy.sebastian@wsj.com

(END) Dow Jones Newswires

October 06, 2025 16:52 ET (20:52 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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