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SofWave Medical (SOFW) investor relations material
SofWave Medical CG MedTech, Diagnostics and Digital Health & Services Forum summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Key business highlights
Achieved record Q3 revenue of $21.1 million, up 56% year-over-year, with a CAGR of 69% since 2020.
40% of revenue is recurring, driven by virtual consumable sales to physicians, not just capital equipment.
Operating profit reached $1.9 million in Q3, with $26.5 million in cash and no debt.
Over 50% of revenue comes from North America, with Asia-Pacific at 30%; recent regulatory approval in Japan and ongoing efforts in China.
Net income for the first nine months was $1.4 million, with strong cash generation and profitability.
Technology and product innovation
Patented ultrasound technology enables non-invasive skin tightening, lifting, and muscle toning with minimal downtime.
Nine FDA clearances, including unique approvals for eyebrow lift and upper arm lifting.
Recent launches include the Lift AG applicator for body treatments and a wireless EMS device for muscle toning.
Devices are easy to delegate, safe, and offer fast treatments, supporting high clinic ROI.
Continuous innovation with new applicators and features targeting emerging market needs, especially GLP-1 patient segment.
Market trends and strategy
Aesthetic medical device market estimated at $4.1 billion, projected to grow at 13% CAGR.
GLP-1 patient segment is driving new demand for skin tightening and muscle toning.
40% increase in demand for skin tightening procedures, while fat reduction treatments decline.
Business model focuses on recurring revenue through virtual consumables, providing predictable ROI for clinics.
Global expansion ongoing, with significant potential in China pending regulatory approval.
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