Sofwave Receives FDA Clearance for Pure ImpactTM in Strengthening and Firming of Arms in the U.S
Sofwave Medical Reports Third Quarter 2025 Financial Results and Business Highlights
Date
Record quarterly revenue in third quarter of $21.1M, +56% year-over-year growth; IFRS gross margin of 73.7%
Third quarter pulse recurring revenue of $8.3M, +55% year-over-year growth
First nine months revenue of $58.7M, +42% year-over-year growth; IFRS gross margin of 75.1%
First nine months IFRS and non-IFRS net income of $1.4M and $3.2M, respectively, versus a net loss of $3.8M and $2.1M, respectively, in the same year ago period
Approximately 667,000 pulse treatments administered since commercialization
Company expects to achieve net profitability in 2025
SAN CLEMENTE, California, November 4, 2025 /GlobeNewswire/ – Sofwave Medical Ltd (TASE: SOFW), an emerging leader in energy-based non-invasive, aesthetic medical devices for practitioners worldwide, reported financial results for the third quarter and first nine months of fiscal year 2025, for the period ended September 30, 2025, and recent business highlights.
Third Quarter and First Nine Months 2025 Financial Highlights
Third Quarter Revenue of $21.1M; representing 56% year-over-year growth
Recurring revenue of $8.3M, a year-over-year increase of 55%, representing 40% of total revenue
Gross Profit was $15.5M, a year-over-year increase of 53%
IFRS and *Non-IFRS Gross Margin: 73.7%
IFRS Operating Income: $1.5M; *Non-IFRS: $1.9M
IFRS Net Income: $1.0M; *Non-IFRS: $1.4M
First Nine Months Revenue of $58.7M, representing 42% year-over-year growth
Recurring revenue of $24.5M, a year-over-year increase of 52%, representing 42% of total revenue
Gross Profit was $44.1M, a year-over-year increase of 41%
IFRS and *Non-IFRS Gross Margin : 75.1%
IFRS Operating Income/Loss: $2.7M; as compared to an operating loss of $3.5M during first nine months of 2024; *Non-IFRS: $4.6M
IFRS Net Income/Loss: $1.4M; as compared to an operating loss of $3.8M during first nine months of 2024; *Non-IFRS: $3.2M
Cash and Cash Equivalents as of September 30, 2025: $26.5M
Mr. Louis Scafuri, Sofwave CEO“Sofwave delivered exceptional third quarter results, achieving record revenue during what is historically the med-device aesthetics industry’s slowest quarter. This impressive performance was driven by well over 50% year-over-year growth in both capital equipment placements and recurring pulse revenue, demonstrating robust demand from both new and existing customers alike. Importantly, we achieved our second consecutive quarter of positive IFRS net income and generated $2.5 million in cash flow. We look forward to concluding fiscal 2025 with significant momentum in our business, as we continue to leverage the growing demand for energy-based volumization treatments as filler usage declines and GLP-1 usage increases. These achievements reinforce Sofwave’s position as one of the fastest-growing companies in aesthetic medical technology.”
Dr. Shimon Eckhouse, Chairman of the Board“Sofwave's record quarterly revenue is a powerful testament to our disruptive technology and the value we deliver to patients and providers alike. The fantastic growth of the business clearly reflects the aesthetic market’s shift toward next-generation, evidence-based treatment solutions. With approximately 667,000 treatments conducted since commercial launch and rapidly expanding brand recognition, Sofwave continues to gain market share in the non-invasive medical aesthetics space. Additionally, the sustained momentum driven by GLP-1 adoption remains a substantial catalyst for lifting, laxity and toning treatments, which positions us to further expand our business across the breadth of geographies we serve."
Recent Operational Highlights
Received FDA, pre-market clearance for Pure Impact™ VIP standalone EMS device for comprehensive multi-body area muscle strengthening and firming.
Approximately 667,000 treatments conducted since commercialization.
Company expects to achieve net profitability in 2025
Financial Summary – IFRS Results (U.S. dollars in thousands)
| Q3’25 | Q3’24 | 9M’25 | 9M’24 | |
| Revenues | $21,074 | $13,507 | $58,735 | $41,333 |
| Gross Profit | $15,529 | $10,156 | $44,105 | $31,218 |
| Gross Margin | 73.7% | 75.2% | 75.1% | 75.5% |
| Operating Loss | $1,488 | ($1,314) | $2,711 | ($3,484) |
| Net Income | $982 | ($1,330) | $1,387 | ($3,843) |
*Non-IFRS Results
| Q3’25 | Q3’24 | 9M’25 | 9M’24 | |
| Revenues | $21,074 | $13,507 | $58,735 | $41,333 |
| Gross Profit | $15,538 | $10,172 | $44,126 | $31,271 |
| Gross Margin | 73.7% | 75.3% | 75.1% | 75.7% |
| Operating (Loss)/Profit | $1,878 | ($782) | $4,565 | ($1,783) |
| Net Income | $1,373 | ($798) | $3,241 | ($2,142) |
(*) Excluding stock-based compensation
About
Sofwave Medical Ltd. has implemented an innovative approach to wrinkle reduction lifting and cellulite using its proprietary breakthrough technology. SUPERB™, Synchronous Ultrasound Parallel Beam technology, is FDA-cleared to improve facial lines and wrinkles, lifting the eyebrow and lifting lax submental tissue (beneath the chin), lifting lax skin in the arms, as well as the short-term improvement in the appearance of cellulite and treatment of acne scars. The company’s Pure Impact™ module uses EMS technology and is cleared for muscle toning. Sofwave’s products provide physicians with smart yet simple, effective, and safe aesthetic solutions for their patients.
Contact: Info@sofwave.com
Investor Contact:
Brian Ritchie
LifeSci Advisors LLC
(212) 915-2578
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