Overview
Sanara MedTech Q2 revenue rises 28% yr/yr, beating analyst expectations
Company reports Q2 net loss of $2 mln, narrowing from previous year
Sanara to evaluate strategic alternatives for Tissue Health Plus subsidiary
Outlook
Sanara projects cash investment in THP strategy between $5.5 mln and $6.5 mln
Company evaluating strategic alternatives for Tissue Health Plus subsidiary
Sanara aims to capitalize on growth opportunities in Sanara Surgical segment
Result Drivers
SOFT TISSUE REPAIR - Revenue growth driven by increased demand for CellerateRX Surgical and BIASURGE products
SANARA SURGICAL EXPANSION - Growth attributed to expanding distributor network and penetration into new healthcare facilities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $25.80 mln | $25.10 mln (2 Analysts) |
Q2 EPS |
| -$0.23 |
|
Q2 Net Income |
| -$2 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the pharmaceuticals peer group is "buy"
Wall Street's median 12-month price target for Sanara Medtech Inc is $49.00, about 43.9% above its August 12 closing price of $27.47
Press Release: ID:nGNX3mTwh4