SANUWAVE Health, Inc. (SNWV) Financial Statements (2024 and earlier)

Company Profile

Business Address 3360 MARTIN FARM RD
SUWANEE, GA 30024
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7971,1536192,4371,760365
Cash and cash equivalents1,7971,1536192,4371,760365
Receivables3,3144,0292,4152,35576236
Inventory, net of allowances, customer advances and progress billings2,9518681,0402,956543358
Inventory2,9518681,0402,956543358
Prepaid expense     125125
Deferred costs      
Other undisclosed current assets1,722570326179  
Total current assets:9,7846,6204,4007,9282,5041,083
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   193409 
Operating lease, right-of-use asset   151725324
Property, plant and equipment93875066847151278
Intangible assets, net (including goodwill)11,69412,39713,10113,805  
Goodwill7,2607,2607,2607,260  
Intangible assets, net (excluding goodwill)4,4345,1375,8416,545  
Other noncurrent assets  106106294216
Other undisclosed noncurrent assets    (339)  
Total noncurrent assets:12,63213,25314,21915,09987894
TOTAL ASSETS:22,41619,87318,61923,0283,3821,178
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,70412,91218,80610,1435,8633,794
Interest and dividends payable2,5211,0211,8601,172
Employee-related liabilities4,2472,5411,453340
Accounts payable5,7054,4007,6444,4541,4391,593
Accrued liabilities5,9998,5124,3942,1271,111689
Deferred revenue9260483266
Debt18,27831,12925,57215,1908824,536
Derivative instruments and hedges, liabilities     661,770
Other liabilities947291114   
Due to related parties 1271,619185,373
Contract with customer, liability132
Other undisclosed current liabilities33,73415,79511,5969,1905,519883
Total current liabilities:64,75560,18756,26336,17412,41516,487
Noncurrent Liabilities
Long-term debt and lease obligation   993535457 
Long-term debt, excluding current maturities   875144  
Finance lease, liability   44234271
Liabilities, other than long-term debt347258321387347
Deferred revenue3472302933873
Contract with customer, liability47
Deferred income tax liabilities  2828  
Operating lease, liability   74158186
Other undisclosed noncurrent liabilities492438    
Total noncurrent liabilities:8396961,31457253047
Total liabilities:65,59460,88357,57736,74612,94616,534
Equity
Equity, attributable to parent(43,178)(41,010)(38,958)(13,719)(9,564)(15,356)
Common stock1,140549482471294156
Additional paid in capital175,842152,750144,582142,563115,458101,154
Accumulated other comprehensive loss (111)(67)(73)(62)(62)(63)
Accumulated deficit(220,049)(194,242)(183,949)(156,690)(125,253)(116,603)
Total equity:(43,178)(41,010)(38,958)(13,719)(9,564)(15,356)
TOTAL LIABILITIES AND EQUITY:22,41619,87318,61923,0283,3821,178

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues20,39816,74213,0104,0571,5291,850
Cost of revenue(6,035)(4,331)(4,986)(1,162)(539)(694)
Gross profit:14,36312,4118,0242,8959901,156
Operating expenses(14,903)(21,363)(22,166)(28,095)(9,284)(8,337)
Operating income (loss):(540)(8,952)(14,142)(25,200)(8,294)(7,180)
Nonoperating expense(25,263)(1,339)(13,089)(5,737)(1,635)(4,451)
Other nonoperating expense(25,263)(1,339)(13,089)(5,737)  
Interest and debt expense (418)(41)(59)(1,836)(4,496)
Loss from continuing operations before income taxes:(25,803)(10,709)(27,272)(30,996)(11,766)(16,128)
Income tax expense (4)(2)(28)   
Other undisclosed loss from continuing operations      
Loss from continuing operations:(25,807)(10,711)(27,300)(30,996)(11,766)(16,128)
Loss before gain (loss) on sale of properties:(27,300)(30,996)(11,766)(16,128)
Net loss:(25,807)(10,711)(27,300)(30,996)(11,766)(16,128)
Other undisclosed net income attributable to parent 41841591,8364,496
Net loss available to common stockholders, diluted:(25,807)(10,293)(27,259)(30,937)(9,930)(11,631)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(25,807)(10,711)(27,300)(30,996)(11,766)(16,128)
Comprehensive loss:(25,807)(10,711)(27,300)(30,996)(11,766)(16,128)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(44)42430591,8564,477
Comprehensive loss, net of tax, attributable to parent:(25,851)(10,287)(27,270)(30,937)(9,910)(11,650)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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