SANUWAVE Health, Inc. SNWV
Nasdaq · XNAS · stock · Surgical & Medical Instruments & Apparatus
Chart by TradingView
6/9
Piotroski F — financial health
-19.06
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials (annual, from 10-K)
| FY | Revenue | Net income | Gross profit | Free cash flow | Equity |
|---|---|---|---|---|---|
| 2025 | $44.1M | $11.8M | $34.0M | $1.9M | $1.6M |
| 2024 | $32.6M | -$33.1M | $24.6M | $2.0M | -$15.8M |
| 2023 | $19.3M | -$25.8M | $14.4M | -$4.5M | -$44.5M |
| 2022 | $16.7M | -$10.3M | $12.4M | — | -$41.0M |
| 2021 | $13.0M | -$27.3M | $8.0M | -$6.9M | -$39.0M |
| 2020 | $3.6M | -$30.9M | $2.9M | -$12.8M | -$13.7M |
Recent insider activity (Form 4)
| Insider | Role | Date | Action | Shares | Price |
|---|---|---|---|---|---|
| Opaleye Management Inc. | 10% owner | 2026-05-01 | Sell | 10,081 | $16.11 |
| Opaleye Management Inc. | 10% owner | 2026-05-01 | Sell | 500 | $16.11 |
| Opaleye Management Inc. | 10% owner | 2026-04-30 | Sell | 1,000 | $16.15 |
| Opaleye Management Inc. | 10% owner | 2026-04-30 | Sell | 24,000 | $16.15 |
| Opaleye Management Inc. | 10% owner | 2026-04-29 | Sell | 23,360 | $17.25 |
| Opaleye Management Inc. | 10% owner | 2026-04-29 | Sell | 1,000 | $17.25 |
| Opaleye Management Inc. | 10% owner | 2026-04-28 | Sell | 2,500 | $18.47 |
| Opaleye Management Inc. | 10% owner | 2026-04-28 | Sell | 43,788 | $18.47 |
Why these scores methodology →
Piotroski F-score: 6/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -19.06 (distress)
- Working capital / assets 0.182
- Retained earnings / assets -6.499
- EBIT / assets 0.132
- Equity / liabilities 0.045
Source: SEC EDGAR filings · CIK 0001417663 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.