SNWV · CIK 1417663
What SANUWAVE Health, Inc. told the SEC could break it.
SANUWAVE Health is essentially a one-product company with a one-source supply chain. Its UltraMIST wound-care systems and consumables were about 99% of 2025 revenue and are its only commercial product, while the supply behind it is just as concentrated — most component materials come from single suppliers and all finished product is assembled by a single supplier, so losing any one could disrupt production. And demand depends on wound-care reimbursement from CMS, Medicare Administrative Contractors and private payors, so coverage or payment cuts outside its control could reduce demand for its products.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Other disclosures
- Single-product dependence (UltraMIST ≈ 99% of revenue)high
UltraMIST systems and consumables represented about 99% of 2025 revenue and it is the company's only commercial product, concentrating the entire business in one product line.
“UltraMIST systems and consumables represented approximately 99% of 2025 revenues versus 98% of revenues in 2024.”
SEC filing →As of 2026
Sole-source dependency
- Single-source component suppliers and single finished-product assemblerhigh
Most product component materials come from single suppliers and all finished product is assembled by a single supplier (Vendor A was 26% of purchases); losing any of these suppliers could disrupt production.
“The Company currently purchases most of its product component materials from single suppliers and all of its finished product is assembled by a single supplier. The loss of any of these suppliers could result in a disruption in our production.”
SEC filing →As of 2026
Regulatory & policy
- Wound-care reimbursement (CMS / Medicare Administrative Contractors)low
Demand depends on wound-care reimbursement from CMS, Medicare Administrative Contractors, and private payors; coverage or payment-level cuts outside the company's control could reduce demand for its products.
“The wound care market is highly dependent on reimbursement from governmental and private third-party payors, including CMS and Medicare Administrative Contractors.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
Dynamic Group
“Dynamic Group produces the applicators and applicator kits for our products.”
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