SANUWAVE® Business Update
SANUWAVE Health (SNWV) reports a 13.1% increase in their sales funnel for March 2022, totaling $18.1 million. System trials also rose 12.9%, indicating strong revenue potential for Q2. The company is expanding into new vertical markets, specifically Sports Medicine and Aesthetics, with initial orders exceeding $1 million set for delivery in Q2 and Q3 2022. Key products include Profile and UltraMIST. SANUWAVE aims to share monthly updates to keep shareholders informed of progress and potential volatility in sales figures.
- Sales funnel increased 13.1% in March to $18.1 million.
- System trials rose 12.9%, increasing from 85 to 96.
- Expansion into Sports Medicine and Aesthetics markets.
- Initial orders for new products exceed $1 million.
- Volatility in sales figures is expected throughout the year.
Sales Funnel and System Trials Increase
Launches Entry into Two New Vertical Markets; Initial Orders Exceed
SUWANEE, GA, April 08, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – SANUWAVE Health, Inc. (SNWV), a leading provider of next-generation wound care products, has announced they will be updating shareholders on a monthly basis during 2022 with regards to their Sales Funnel and System Trials. This news comes simultaneously with the company’s announcement for growth through a medical non-wound care vertical market expansion.
Both the Sales Funnel, defined as opportunities the direct sales team is pursuing to close in the next six months, and System Trials, defined as single 60-day assessments underway for evaluating purchase, have seen notable funnel increases for the month of March. During March, the sales funnel increased
These increases provide excellent visibility on revenue for the second quarter and will be monitored closely as the sales team attempts to convert evaluations to closed deals. SANUWAVE notes that they do expect volatility in these numbers throughout the year but are committed to sharing the data monthly throughout 2022.
The company also announces growth through a medical non-wound care vertical market expansion in Sports Medicine and Aesthetics. In a soft launch, SANUWAVE has already received over
Products launching in these new marketplaces will include Profile® and UltraMIST®. Profile is an FDA-cleared product specifically designed for use in the sports medicine marketplace. The official launch of Profile leverages SANUWAVE’s extensive international experience in utilizing focused shockwaves to treat various sports-medicine-related injuries.
UltraMIST®, a technology that promotes healing by controlling inflammation and reducing bacteria, will be sold in the Aesthetics market, initially launching in MedSpas as a post-facial treatment.
“At SANUWAVE, our ENERGY FIRST vision has been focused on sharing clinically effective energy-based products that work to improve patient outcomes and enhance quality of life,” Kevin A. Richardson, II CEO & Chairman of the Board stated. “While wound care remains the heart of our business, we have grown to recognize a transferable potential to utilize our ENERGY FIRST ideas and products in parallel ways.”
To ensure steady growth, SANUWAVE has shared that they have strategically engaged with distributors and field experts that will help the company enrich their insight and familiarity within these new verticals.
“There is a large market opportunity in both Sports Medicine and the Aesthetics industry,” Richardson stated, “By partnering with existing players, we have the potential to see a significant upside with little to no upfront capital outlay.”
About SANUWAVE
SANUWAVE Health is focused on the research, development, and commercialization of its patented, non-invasive and biological response-activating medical systems for the repair and regeneration of skin, musculoskeletal tissue, and vascular structures.
SANUWAVE’s end-to-end wound care portfolio of regenerative medicine products and product candidates help restore the body’s normal healing processes. SANUWAVE applies and researches its patented energy transfer technologies in wound healing, orthopedic/spine, aesthetic/cosmetic, and cardiac/endovascular conditions.
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with the regulatory approval and marketing of the Company’s product candidates and products, unproven pre-clinical and clinical development activities, regulatory oversight, the Company’s ability to manage its capital resource issues, competition, and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.
CONTACT:
Kevin Richardson
CEO SANUWAVE
Kevin.Richardson@Sanuwave.com
FAQ
What is the recent sales funnel increase reported by SANUWAVE Health?
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What new markets is SANUWAVE Health entering?
What is the value of initial orders SANUWAVE received in new verticals?
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