earnings
confidence high
sentiment positive
materiality 0.75
Sanara Q2 revenue up 28% to record $20.2M; net loss widens to $3.5M
Sanara MedTech Inc.
2024-Q2 EPS reported
-$0.62
revenue$38,695,461
- Revenue $20.2M, +28% YoY; eleventh consecutive record revenue quarter.
- Net loss $3.5M vs $1.9M; Adjusted EBITDA $0.6M vs ($0.3M).
- Secured $55M non-dilutive term loan from CRG; $15M drawn, up to $39.8M additional.
- New GPO agreement adds over 1,000 contracted facilities; 300+ distributors, +70 since Jan.
- Appointed Jake Waldrop as COO and Tyler Palmer as Chief Corporate Development & Strategy Officer.