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Sep 30, 2022

Sanara MedTech Q3 2022 Earnings Report

Sanara MedTech reported record revenue driven by increased product recognition and team efforts.

Key Takeaways

Sanara MedTech Inc. announced its third quarter 2022 results, highlighting a record revenue achievement driven by increased product recognition. The company is integrating Scendia Biologics and has formed a new chronic wound care partnership with InfuSystem Holdings, Inc.

Achieved record revenue for the third quarter of 2022.

Revenue record for the historical business before the acquisition of Scendia Biologics.

Integrating Scendia into the Company.

Announced a new chronic wound care partnership with InfuSystem Holdings, Inc.

Total Revenue
$13M
Previous year: $5.82M
+124.0%
EPS
-$0.18
Previous year: -$0.27
-33.3%
Gross Profit
$10.8M
Previous year: $5.31M
+103.8%
Cash and Equivalents
$10.3M
Previous year: $22.4M
-54.0%
Free Cash Flow
-$1.66M
Previous year: -$1.44M
+15.1%
Total Assets
$61.5M
Previous year: $37.9M
+62.1%

Sanara MedTech

Sanara MedTech

Forward Guidance

The company looks forward to further integrating Scendia into its business and working with InfuSystem to continue providing solutions that improve outcomes and reduce costs of care.