Overview
Sanara Q3 revenue grows 22% yr/yr to $26.3 mln, missing analyst expectations
Net income from continuing operations improved to $0.8 mln from a loss last year
Company ceases Tissue Health Plus operations for strategic realignment
Outlook
Company expects strong, sustainable revenue growth for remainder of 2025
Result Drivers
SOFT TISSUE SALES - Revenue growth driven by 24% increase in sales of soft tissue repair products, including CellerateRX Surgical and BIASURGE
STRATEGIC REALIGNMENT - Ceased operations of Tissue Health Plus to enhance operational efficiency and focus on core surgical business
DISTRIBUTION NETWORK EXPANSION - Growth attributed to development of relationships with independent distributors and expansion into new healthcare facilities
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$26.30 mln
$26.60 mln (2 Analysts)
Q3 EPS
-$3.40
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the pharmaceuticals peer group is "buy"
Wall Street's median 12-month price target for Sanara Medtech Inc is $50.00, about 43.9% above its November 11 closing price of $28.04
Press Release: ID:nGNX4lbcxH
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)