Sanuwave Health Inc. (SNWV) reported third-quarter 2026 revenue of $8.6 million, down 24% from $11.3 million a year earlier. The company posted a GAAP net loss of $1.4 million, compared with net income of $9.7 million in the prior-year quarter.
GAAP operating loss was $1.1 million, versus operating income of $0.9 million a year earlier. Sanuwave reported $6.6 million in cash and cash equivalents as of September 30, 2026.
- Revenue was $8.579 million for the quarter ended September 30, compared with $11.270 million a year earlier.
- Basic and diluted loss per share were each $0.16, compared with basic EPS of $1.13 and diluted EPS of $0.39 in the prior-year quarter.
- Gross margin was 77.3%, compared with 77.6% a year earlier.
- Ultramist system sales totaled 40 units, versus 155 units in Q3 2025 and 82 units in Q2 2026.
- Ultramist applicator revenue increased 2% to $6.9 million.
- Adjusted EBITDA, a non-GAAP measure, was $0.7 million, versus $3.2 million a year earlier.
$SNWV Hedge Fund Activity
We have seen 23 institutional investors add shares of $SNWV stock to their portfolio, and 42 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- OPALEYE MANAGEMENT INC. removed 675,127 shares (-68.8%) from their portfolio in Q2 2026, for an estimated $6,751,270
- SOLAS CAPITAL MANAGEMENT, LLC added 323,454 shares (+112.5%) to their portfolio in Q2 2026, for an estimated $3,234,540
- BLACKROCK, INC. removed 321,673 shares (-66.8%) from their portfolio in Q2 2026, for an estimated $3,216,730
- STIFEL FINANCIAL CORP removed 251,633 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $2,516,330
- UBS GROUP AG removed 94,702 shares (-36.9%) from their portfolio in Q3 2026, for an estimated $446,046
- NORTHERN TRUST CORP removed 46,337 shares (-73.8%) from their portfolio in Q2 2026, for an estimated $463,370
- PRAETORIAN PR LLC added 45,000 shares (+12.9%) to their portfolio in Q2 2026, for an estimated $450,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
