NASDAQ$SMTI

Sanara MedTech Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Sanara MedTech reported its Q4 2023 results, highlighting strategic and operational milestones including the acquisition of key assets and the launch of new products.

Sanara MedTech Inc. reported increased net revenues driven by sales growth across all major product lines. The company continues to hire experienced sales managers to drive growth in new territories and expand product sales in existing accounts.

  • Achieved sales growth across all major product lines.
  • Continued hiring experienced and talented sales managers.
  • Focused on driving growth in new territories.
  • Worked to increase product sales in existing accounts and expand usage in new specialty areas.

Headline financials

Total Revenue

$17.7M

Previous: $15.3M+15.5%
EPS (adj)

-$0.03

Previous: -$0.51+94.1%
Capital Expenditures

-$54.3K

Previous: $53.4K-201.7%
Net Income

-$4.4M

Previous: -$11.7M+62.4%
Operating Income

-$4.4M

Previous: -$3.01M-46.1%
Gross Profit

$14.8M

Previous: $12.9M+14.4%
R&D Expense

$652K

No prior period
Stock-Based Comp

$861K

Previous: $731K+17.7%

Revenue & EPS history

Sanara MedTech · Revenue · Quarterly

$17.7M

Q4 2023+15.5%vs Q4 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Sanara MedTech · $31.6M total across 2 segments · Q2 2023

  • Soft tissue repair
    $15.8M
  • Bone fusion products
    $15.8M

Forward guidance

Sanara MedTech Inc. is positioned for continued strong growth in 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+0.1%

Avg return

Earnings day

-2.5%

Avg return

5 days after

+1.6%

Avg return

30 days after

34%

22 / 65 earnings

Positive

+28.6%

Q4 2014

Best reaction

-25.0%

Q3 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-0.3%-12.1%
Q1 2026+13.0%+17.3%+19.5%
Q3 2025-23.4%-24.9%-7.6%
Q2 2025-4.8%-3.3%+6.4%
Q1 2025-9.0%-11.2%-17.9%
Q4 2024-12.6%-15.4%-10.4%
Q3 2024+6.3%-1.0%+2.5%
Q2 2024+14.9%+16.3%+20.2%
Q1 2024-5.0%-2.9%-0.5%
Q4 2023-1.8%-1.1%-13.1%
Q3 2023+18.8%+15.3%+37.5%
Q2 2023-12.5%-13.6%-22.6%
Q1 2023-5.0%-9.2%-5.9%
Q4 2022-0.1%-4.1%+17.9%
Q3 2022+4.1%+7.2%+3.2%
Q2 2022+1.2%-1.7%+13.4%
Q1 2022+5.0%+2.3%-12.2%
Q4 2021+2.5%+10.7%-10.9%
Q3 2021-1.6%-2.2%-15.8%
Q2 2021-8.3%-12.4%-14.5%
Q1 2021+5.2%+14.9%+28.7%
Q4 2020+14.5%+6.8%-4.5%
Q3 2020-4.5%-4.3%+15.7%
Q2 2020+9.8%+13.7%+37.2%
Q1 2020-20.7%-18.2%+28.8%
Q4 2019-4.3%+7.3%+30.9%
Q3 2019-3.9%-5.7%+5.1%
Q2 2019-11.5%-20.1%-17.2%
Q1 2019+0.0%-16.7%-16.7%
Q4 2018+0.0%-16.7%-16.7%
Q3 2018+0.0%+0.0%+0.0%
Q2 2018-10.0%-10.0%-30.0%
Q1 2018+20.0%+0.0%+20.0%
Q4 2017+20.0%+0.0%+20.0%
Q3 2017+0.0%+0.0%-14.3%
Q2 2017+0.0%+16.7%+16.7%
Q1 2017+0.0%+0.0%-22.2%
Q4 2016+0.0%+0.0%-10.0%
Q3 2016-20.0%-20.0%+0.0%
Q2 2016+20.0%+0.0%+0.0%
Q1 2016+0.0%
Q4 2015+0.0%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015+11.1%
Q4 2014+28.6%
Q3 2014+0.0%
Q2 2014+0.0%
Q1 2014+0.0%
Q4 2013+0.0%
Q3 2013+14.3%
Q2 2013+0.0%
Q1 2013+16.7%
Q4 2012-12.5%
Q3 2012-16.7%
Q2 2012+6.7%
Q1 2012+0.0%
Q4 2011-4.3%
Q3 2011+0.0%
Q2 2011-10.3%
Q1 2011-11.1%
Q4 2010+3.1%
Q3 2010-25.0%
Q2 2010+2.9%
Q1 2010+5.6%

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