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SMTI — Sanara MedTech News Story

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Sanara MedTech Q2 revenue up 28%

Overview

Sanara MedTech Q2 revenue rises 28% yr/yr, beating analyst expectations

Company reports Q2 net loss of $2 mln, narrowing from previous year

Sanara to evaluate strategic alternatives for Tissue Health Plus subsidiary

Outlook

Sanara projects cash investment in THP strategy between $5.5 mln and $6.5 mln

Company evaluating strategic alternatives for Tissue Health Plus subsidiary

Sanara aims to capitalize on growth opportunities in Sanara Surgical segment

Result Drivers

SOFT TISSUE REPAIR - Revenue growth driven by increased demand for CellerateRX Surgical and BIASURGE products

SANARA SURGICAL EXPANSION - Growth attributed to expanding distributor network and penetration into new healthcare facilities

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$25.80 mln$25.10 mln (2 Analysts)
Q2 EPS-$0.23
Q2 Net Income-$2 mln
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 $49.00, about 43.9% above its August 12 closing price of $27.47 Press Release: ID:nGNX3mTwh4 (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.)

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