SofWave Medical Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	87.64	59.65	50.32	35.63	21.84
Revenue Growth (YoY)	46.92%	18.55%	41.22%	63.15%	408.95%
Cost of Revenue	21.68	14.32	12.83	9.3	5.63
Gross Profit	65.96	45.34	37.48	26.33	16.21
Selling, General & Admin	46.29	38.15	34.04	31.23	17
Research & Development	12.8	10.77	11.43	12.44	8.21
Other Operating Expenses	-	-	-	-0	-
Operating Expenses	59.09	48.92	45.47	43.67	25.21
Operating Income	6.87	-3.58	-7.99	-17.34	-9
Interest Expense	-0.07	-0.06	-0.06	-0.19	-0.11
Interest & Investment Income	0.67	0.7	0.78	0.33	0.03
Currency Exchange Gain (Loss)	0.05	0.01	0.02	-1.07	2.26
Other Non Operating Income (Expenses)	-1.79	-1.13	-1	-0.94	-0.46
EBT Excluding Unusual Items	5.74	-4.06	-8.26	-19.21	-7.28
Other Unusual Items	-	-	-	-	0.14
Pretax Income	5.74	-4.06	-8.26	-19.21	-7.15
Income Tax Expense	0.25	0.49	0.02	0.32	-0.32
Net Income	5.49	-4.55	-8.28	-19.53	-6.83
Net Income to Common	5.49	-4.55	-8.28	-19.53	-6.83
Shares Outstanding (Basic)	35	34	34	34	23
Shares Outstanding (Diluted)	40	34	34	34	23
Shares Change (YoY)	15.83%	0.53%	0.26%	44.98%	-45.50%
EPS (Basic)	0.15	-0.13	-0.24	-0.57	-0.29
EPS (Diluted)	0.14	-0.13	-0.24	-0.57	-0.29
Free Cash Flow	12.76	-2.67	-6.71	-11.14	-5.22
Free Cash Flow Per Share	0.32	-0.08	-0.20	-0.33	-0.22
Gross Margin	75.27%	76.00%	74.49%	73.90%	74.21%
Operating Margin	7.84%	-6.00%	-15.88%	-48.66%	-41.22%
Profit Margin	6.26%	-7.62%	-16.45%	-54.81%	-31.26%
Free Cash Flow Margin	14.56%	-4.48%	-13.34%	-31.27%	-23.90%
EBITDA	7.91	-2.22	-6.49	-16.22	-8.87
EBITDA Margin	9.03%	-3.73%	-12.89%	-45.52%	-40.62%
D&A For EBITDA	1.04	1.36	1.51	1.12	0.13
EBIT	6.87	-3.58	-7.99	-17.34	-9
EBIT Margin	7.84%	-6.00%	-15.88%	-48.66%	-41.22%
Effective Tax Rate	4.34%	-	-	-	-
Advertising Expenses	8.4	8.23	4.68	3.85	1.45

Source: S&P Global Market Intelligence. Standard template. Financial Sources.