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Sensus Healthcare, Inc. (Nasdaq: SRTS) is a leading medical device company dedicated to providing non-invasive and cost-effective treatments for non-melanoma skin cancer and keloids. Utilizing a proprietary low-energy x-ray radiation technology known as Superficial Radiation Therapy (SRT), Sensus Healthcare has made significant advancements in the field over more than a decade of dedicated research and development. The company’s flagship products, the SRT-100™ and SRT-100 Vision™, effectively and safely treat a variety of oncological and non-oncological skin conditions, including basal cell and squamous cell skin cancers, as well as keloids.
Based in Boca Raton, Florida, Sensus Healthcare focuses on creating innovative, minimally-invasive solutions that address critical medical needs. The company has recently announced a multi-faceted collaboration with CureRays, a radiation oncology specialist organization headquartered in Atlanta and Grass Valley, California. This partnership aims to enhance the reach and efficacy of Sensus's SRT technology, further solidifying its position as a leader in the non-invasive treatment market.
Sensus Healthcare generates the majority of its revenue from customers within the United States, offering products and services that meet the highest standards of safety and effectiveness. The company’s proprietary technology has been incorporated into its diverse portfolio, which includes the SRT-100™, SRT-100 Vision™, and a comprehensive Sentinel service program that ensures optimal device performance and customer satisfaction.
Investors and stakeholders are encouraged to stay informed about Sensus Healthcare’s latest developments. Recently, the company announced it would hold a conference call on May 9, 2024, to discuss the financial results for the first quarter of 2024 and provide updates on recent and upcoming milestones. This call will offer an in-depth overview of the company’s financial health and strategic initiatives.
For more detailed information about Sensus Healthcare, its innovative technology, products, and recent news, please visit Sensus Healthcare’s official website.
Sensus Healthcare (SRTS) reported a 64% increase in revenues to $9.0 million for Q3 2022, compared to $5.5 million in Q3 2021. Net income rose to $1.8 million or $0.11 per diluted share, up from $0.2 million or $0.01 per share a year earlier. The company exited Q3 with $37.6 million in cash and no debt. Adjusted EBITDA improved to $2.3 million from $0.5 million. Despite economic headwinds and Hurricane Ian's impact, Sensus expects continued growth and profitability for the fourth quarter.
Sensus Healthcare, Inc. (Nasdaq: SRTS), a medical device company focused on non-invasive treatments, will hold a conference call on November 3, 2022, at 4:30 p.m. ET to discuss its Q3 2022 financial results. The call will include a business update and insights on recent and upcoming milestones. Interested participants can access the call via dial-in or through a live webcast. An archived replay will be available until December 3, 2022. Sensus specializes in superficial radiation therapy for treating non-melanoma skin cancers and keloids.
Sensus Healthcare announced the launch of its Silk™ hair removal system at the Fall Clinical Dermatology Conference in Las Vegas, running from October 20-23, 2022. This portable device features a 2000W diode laser with blended wavelengths, suitable for all skin types. The innovative system promises efficient energy distribution without disposable parts, reducing costs for both patients and practitioners. The Silk™ system is available in two modes: an 810nm single wavelength and a blend of four wavelengths for comprehensive treatment. CEO Joe Sardano emphasizes its efficacy and versatility.
On September 9, 2022, Sensus Healthcare (Nasdaq: SRTS) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference, scheduled for September 12-14, 2022, in New York City. Management will deliver a company overview and conduct one-on-one meetings with investors. A webcast of the presentation will be accessible on-demand starting September 12, 2022, at 7:00 a.m. ET on Sensus Healthcare’s website. The company specializes in innovative, non-invasive treatments for various conditions, particularly using its proprietary superficial radiation therapy technology.
Sensus Healthcare (Nasdaq: SRTS) announced the appointment of Dr. Mohammad K. Khan to its Medical Advisory Board, expanding its expertise in non-invasive treatment for oncological and non-oncological conditions. Dr. Khan, a renowned radiation oncologist at Emory University, specializes in various cancers and aims to enhance Sensus's Superficial Radiation Therapy (SRT) offerings. CEO Joe Sardano expressed optimism about Dr. Khan's contribution to market development for their innovative medical devices. This appointment underscores Sensus's commitment to advancing patient care through expert guidance.
Sensus Healthcare (Nasdaq: SRTS) has upgraded its SRT-100 Vision™ system with new solid-state High-Frequency Ultrasound technology. This enhancement includes an ergonomic probe for improved handling, allowing visualization of all skin layers, crucial for skin lesion treatment. The system also features electronic medical record capabilities for accurate image capture. CEO Joe Sardano highlighted the increased productivity and resolution of the new system, which is available immediately. Existing customers can upgrade by contacting their sales representatives.
Sensus Healthcare, Inc. (SRTS) reported strong financial results for Q2 2022, achieving revenues of $12.1 million, a 124% increase from Q2 2021. The net income for the quarter was $3.5 million, or $0.21 per diluted share, a significant turnaround from a net loss of $(0.3) million in the previous year. Adjusted EBITDA reached $4.7 million, compared to $(0.1) million in 2021. The company ended the quarter with $33.7 million in cash. Sensus affirms expectations for full-year profitability and highlights strong interest in its new TransDermal Infusion System™.
Sensus Healthcare (Nasdaq: SRTS) has sold 10 Transdermal Infusion Systems™ to Hair Enhancement Centers (HEC) in Texas, aimed at non-invasive hair health treatments. The first two systems will be delivered in Q3 2022, followed by the rest in Q4. This system enables painless delivery of U.SK Under Skin's Skin Savers Hair™ serum deep into hair follicles, enhancing patient satisfaction and treatment results. HEC has rapidly expanded from 2 to 9 clinics in 2022, providing hair loss treatments to millions of affected Americans.
Sensus Healthcare, Inc. (Nasdaq: SRTS) will hold a conference call on August 4, 2022, at 4:30 p.m. ET to discuss its second-quarter 2022 financial results. The management will also provide a business update and details on recent and upcoming milestones. The call can be accessed via phone or live webcast. Following the call, a replay will be available until September 3, 2022. Sensus specializes in non-invasive treatments for oncological and non-oncological conditions, featuring proprietary low-energy X-ray technology known as superficial radiation therapy.
Sensus Healthcare, Inc. (Nasdaq: SRTS) has expanded its partnership with Colorado State University (CSU) by supplying a second SRT-100™ system for the study of superficial radiation therapy (SRT) in horses. This initiative takes place at CSU's Johnson Family Equine Hospital, aiming to investigate ophthalmic indications. With SRT showing promising results in earlier studies on other animals, the potential market for veterinary applications is significant, considering there are around 30,000 veterinary practices in the U.S. The CSU team hopes to publish their findings next year.
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