SMTINasdaqOrthopedic, Prosthetic & Surgical Appliances & SuppliesUS GAAP · USD

Sanara MedTech Inc.

Sanara MedTech Inc. is a U.S.-based medical technology company focused on products and services for surgical care, chronic wound care, and skincare. Its business is organized around Sanara Surgical and THP, combining surgical-site products, bone fusion products, and value-based wound care services across the care continuum in the United States.

Liikevaihto103milj. USD
+19,0 %v/v
Liikevoitto (EBIT)7,3milj. USD
+480,3 %v/v
EBIT-marginaali7,1%
+5,6 %-yks.v/v
Nettotulos−37,6milj. USD
−288,7 %v/v
Vapaa kassavirta2,2milj. USD
+1 041,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−250255075100125milj. USD2020: 16 milj. USD2020: EBIT −5,0 milj. USD20202021: 24 milj. USD2021: EBIT −7,4 milj. USD20212022: 46 milj. USD2022: EBIT −13 milj. USD20222023: 65 milj. USD2023: EBIT −4,2 milj. USD20232024: 87 milj. USD2024: EBIT 1,3 milj. USD20242025: 103 milj. USD2025: EBIT 7,3 milj. USD20251037,3
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Soft tissue repair products88 %

Collagen-based and surgical-site products used to support wound healing and irrigation in sterile settings.

Bone fusion products12 %

Biologic and matrix products used in orthopedic and surgical bone grafting and fusion procedures.

Value-based wound care services0 %

THP-related wound care and skincare services and programs delivered through provider partnerships.

R&D and pipeline technologies0 %

Internal development work and product pipeline activities led by Rochal Technologies.

Tuotteet

Raportoitu · osuus liikevaihdosta
88,6%11,4%FY2025100 %
  • Soft Tissue Repair Products88,6 %
  • Bone Fusion Products11,4 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells primarily to hospitals and other acute care facilities that use its products in surgical and sterile care settings. It also serves wound care providers and other healthcare organizations that participate in value-based wound and skincare programs. Demand is driven by clinical adoption, procedure volumes, and the ability of products and services to fit into hospital and provider workflows.

Hospitals and acute care facilities

Buy soft tissue repair and bone fusion products for use in operating rooms and sterile environments.

Wound care provider groups

Adopt THP value-based wound care and skincare services to support patient management across care settings.

Surgeons and procedural clinicians

Influence product selection for surgical-site management, irrigation, and bone grafting applications.

Healthcare systems and provider networks

Evaluate products and services based on clinical outcomes, workflow fit, and total cost of care.

Strategia

The company is building a broader platform across surgical products, wound care, and skincare services, with THP positioned as a key growth initiative. It is also expanding distribution, developing new products through Rochal Technologies, and pursuing acquisitions and partnerships to support a value-based care model.

Expand THP and value-based wound care servicesLyhyt aikaväli

This creates a services layer alongside products and broadens the company’s care continuum offering.

Increase penetration of surgical productsKeskipitkä aikaväli

Higher adoption of core products supports scale in hospitals and acute care facilities.

Build the product and technology pipelineKeskipitkä aikaväli

New products and technologies can extend the portfolio and support future growth.

Pursue acquisitions and strategic partnershipsKeskipitkä aikaväli

External growth can add capabilities, provider access, and service offerings.

Maantiede

Sanara MedTech operates primarily in the United States, where it sells through an expanding independent distribution network and direct clinical relationships. Its reported growth has been tied to increased market penetration and geographic expansion within new and existing U.S. markets. The company does not disclose a meaningful non-U.S. revenue mix in the provided materials.

Riskit

The business depends on clinical acceptance, reimbursement dynamics, and the ability to commercialize licensed and internally developed products. It also faces execution risk in acquisitions, debt compliance, and the buildout of THP, while product quality, intellectual property, and supply chain disruptions can affect adoption and continuity.

Järjestetty vakavuuden mukaan
Clinical acceptance and market adoptionKorkea

Revenue depends on surgeons, hospitals, and providers adopting the products in routine care.

KohdistuuCellerateRX SurgicalBIASURGEBone fusion products
Reimbursement and regulatory changesKorkea

Healthcare purchasing and service economics are influenced by labeling, marketing, and reimbursement rules.

Kohdistuu: Wound care and skincare services

Debt and liquidity managementKorkea

The company uses credit facilities and equity financing to fund growth and acquisitions.

Kohdistuu: CRG Term Loan and future capital needs

Acquisition and integration executionKeskitaso

The THP strategy relies on acquisitions and partner relationships that may not deliver expected benefits.

Kohdistuu: CarePICS and future acquisitions

Dependence on third-party licensed products and supplyKeskitaso

Manufacturing, licensing, and distribution disruptions can interrupt sales and margins.

Kohdistuu: Licensed products and external manufacturers

Product quality and intellectual propertyKeskitaso

Defects or IP disputes can limit commercialization and damage customer trust.

Kohdistuu: Surgical and bone fusion portfolio

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Revenue is recognized when the customer receives the product, so shipment and delivery timing affect quarterly comparability.

Vaikutus: Quarterly revenue and gross profit

Acquisition accounting and earnout liabilities

The company records acquired assets at fair value and remeasures contingent consideration over time.

Vaikutus: Goodwill, intangibles, and noncash fair value gains/losses

Intangible asset amortization

Product licenses, patents, customer relationships, and assembled workforces are amortized over finite lives.

Vaikutus: Operating expenses and earnings

Related-party transactions

The company reports related-party receivables, payables, and advisory arrangements that require disclosure and monitoring.

Vaikutus: Balance sheet and governance transparency

Estimates and purchase price allocation

Management must estimate fair values for acquired assets and liabilities, which can change reported results.

Vaikutus: Acquisition accounting and future impairment risk

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Sanara MedTech Inc. (SMTI) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo