{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-072832","form_type":"8-K","ticker":"SNWV","cik":"0001417663","company_name":"SANUWAVE Health, Inc.","filed_at":"2026-11-10T22:09:29+00:00","discovered_at":"2026-11-10T22:10:01.357432+00:00","generated_at":"2026-11-10T22:10:14.974598+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sanuwave Q3 2026 revenue falls 24% to $8.6M; operating loss $1.1M on CMS 97610 uncertainty","bullets":["Revenue $8.6M, down 24% YoY from $11.3M; gross margin 77.3% vs 77.6%; GAAP operating loss $1.1M vs $0.9M operating income in Q3 2025.","Net loss $1.4M vs $9.7M net income in Q3 2025; prior year included $6.1M derivative fair-value gain and $5.0M patent-sale gain.","Adjusted EBITDA $0.7M vs $3.2M in Q3 2025; Ultramist systems sold 40 vs 155 a year ago and 82 in Q2 2026; applicator revenue rose 2% to $6.9M.","Cash $6.6M at Sept 30, 2026 after ~$2.3M paid under sales tax voluntary disclosure agreements; CEO cites CMS proposed rule impacting 97610 and customer exits.","CEO Morgan Frank cited CMS proposed rule: 14% HOPD rate increase for 97610 and removal of Q1 status, allowing billing with other procedures; CMS/AMA RUC to review scaling factors."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-072832","json":"https://secwatch.observer/filing/0001628280-26-072832.json","markdown":"https://secwatch.observer/filing/0001628280-26-072832.md","text":"https://secwatch.observer/filing/0001628280-26-072832.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1417663/000162828026072832/0001628280-26-072832-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1417663/000162828026072832/snwv-20261110.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T22:10:14.974598+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}