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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and SANUWAVE Health, Inc. (SNWV). Click either name above to swap in a different company.

AVINO SILVER & GOLD MINES LTD is the larger business by last-quarter revenue ($21.0M vs $13.4M, roughly 1.6× SANUWAVE Health, Inc.). SANUWAVE Health, Inc. runs the higher net margin — 57.4% vs 36.6%, a 20.8% gap on every dollar of revenue. On growth, AVINO SILVER & GOLD MINES LTD posted the faster year-over-year revenue change (44.0% vs 30.3%). Over the past eight quarters, SANUWAVE Health, Inc.'s revenue compounded faster (53.5% CAGR vs 51.1%).

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

SANUWAVE Health, Inc. is a medical technology company specializing in non-invasive regenerative care solutions. It develops and commercializes shock wave therapy systems for treating chronic wounds, diabetic foot ulcers, and orthopedic conditions, serving healthcare providers and patients across North America, Europe, and key Asia-Pacific markets.

ASM vs SNWV — Head-to-Head

Bigger by revenue
ASM
ASM
1.6× larger
ASM
$21.0M
$13.4M
SNWV
Growing faster (revenue YoY)
ASM
ASM
+13.6% gap
ASM
44.0%
30.3%
SNWV
Higher net margin
SNWV
SNWV
20.8% more per $
SNWV
57.4%
36.6%
ASM
Faster 2-yr revenue CAGR
SNWV
SNWV
Annualised
SNWV
53.5%
51.1%
ASM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASM
ASM
SNWV
SNWV
Revenue
$21.0M
$13.4M
Net Profit
$7.7M
$7.7M
Gross Margin
47.1%
74.7%
Operating Margin
15.0%
Net Margin
36.6%
57.4%
Revenue YoY
44.0%
30.3%
Net Profit YoY
558.9%
157.8%
EPS (diluted)
$0.05
$0.78

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASM
ASM
SNWV
SNWV
Q4 25
$13.4M
Q3 25
$21.0M
$11.4M
Q2 25
$21.8M
$10.1M
Q1 25
$18.8M
$9.3M
Q4 24
$10.3M
Q3 24
$14.6M
$9.3M
Q2 24
$14.8M
$7.1M
Q1 24
$12.4M
$5.7M
Net Profit
ASM
ASM
SNWV
SNWV
Q4 25
$7.7M
Q3 25
$7.7M
$9.7M
Q2 25
$2.9M
$551.0K
Q1 25
$5.6M
$-6.1M
Q4 24
$-13.3M
Q3 24
$1.2M
$-21.2M
Q2 24
$1.2M
$6.2M
Q1 24
$599.0K
$-4.8M
Gross Margin
ASM
ASM
SNWV
SNWV
Q4 25
74.7%
Q3 25
47.1%
76.6%
Q2 25
46.9%
77.3%
Q1 25
56.1%
79.4%
Q4 24
78.2%
Q3 24
39.1%
76.1%
Q2 24
31.8%
74.0%
Q1 24
18.9%
73.9%
Operating Margin
ASM
ASM
SNWV
SNWV
Q4 25
15.0%
Q3 25
7.9%
Q2 25
14.2%
Q1 25
6.5%
Q4 24
19.6%
Q3 24
16.0%
Q2 24
23.3%
Q1 24
-22.8%
Net Margin
ASM
ASM
SNWV
SNWV
Q4 25
57.4%
Q3 25
36.6%
84.8%
Q2 25
13.1%
5.4%
Q1 25
29.8%
-65.8%
Q4 24
-129.5%
Q3 24
8.0%
-227.8%
Q2 24
8.4%
87.4%
Q1 24
4.8%
-84.4%
EPS (diluted)
ASM
ASM
SNWV
SNWV
Q4 25
$0.78
Q3 25
$0.05
$0.39
Q2 25
$0.02
$-0.04
Q1 25
$0.04
$-0.72
Q4 24
$-0.76
Q3 24
$0.01
$-6.65
Q2 24
$0.01
$0.00
Q1 24
$0.00
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASM
ASM
SNWV
SNWV
Cash + ST InvestmentsLiquidity on hand
$57.3M
$12.0M
Total DebtLower is stronger
$21.9M
Stockholders' EquityBook value
$182.1M
$1.6M
Total Assets
$221.9M
$37.3M
Debt / EquityLower = less leverage
13.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
SNWV
SNWV
Q4 25
$12.0M
Q3 25
$57.3M
$9.6M
Q2 25
$37.3M
$8.5M
Q1 25
$26.6M
$8.5M
Q4 24
$10.2M
Q3 24
$7.8M
$3.3M
Q2 24
$5.3M
$2.5M
Q1 24
$3.5M
$2.9M
Total Debt
ASM
ASM
SNWV
SNWV
Q4 25
$21.9M
Q3 25
$23.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ASM
ASM
SNWV
SNWV
Q4 25
$1.6M
Q3 25
$182.1M
$-7.6M
Q2 25
$144.8M
$-18.8M
Q1 25
$132.3M
$-20.8M
Q4 24
$-15.8M
Q3 24
$114.5M
$-60.3M
Q2 24
$112.2M
$-39.6M
Q1 24
$107.8M
$-47.6M
Total Assets
ASM
ASM
SNWV
SNWV
Q4 25
$37.3M
Q3 25
$221.9M
$35.6M
Q2 25
$174.7M
$33.0M
Q1 25
$157.7M
$30.9M
Q4 24
$30.1M
Q3 24
$135.4M
$21.8M
Q2 24
$133.7M
$21.0M
Q1 24
$128.6M
$23.3M
Debt / Equity
ASM
ASM
SNWV
SNWV
Q4 25
13.52×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASM
ASM
SNWV
SNWV
Operating Cash FlowLast quarter
$8.3M
$3.3M
Free Cash FlowOCF − Capex
$3.2M
FCF MarginFCF / Revenue
24.1%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
1.08×
0.43×
TTM Free Cash FlowTrailing 4 quarters
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
SNWV
SNWV
Q4 25
$3.3M
Q3 25
$8.3M
$1.1M
Q2 25
$8.3M
$993.0K
Q1 25
$758.0K
$-1.5M
Q4 24
$741.0K
Q3 24
$4.1M
$1.3M
Q2 24
$1.1M
$-668.0K
Q1 24
$2.3M
$1.1M
Free Cash Flow
ASM
ASM
SNWV
SNWV
Q4 25
$3.2M
Q3 25
$556.0K
Q2 25
$-166.0K
Q1 25
$-1.7M
Q4 24
$505.0K
Q3 24
$1.2M
Q2 24
$-760.0K
Q1 24
$986.0K
FCF Margin
ASM
ASM
SNWV
SNWV
Q4 25
24.1%
Q3 25
4.9%
Q2 25
-1.6%
Q1 25
-18.1%
Q4 24
4.9%
Q3 24
13.3%
Q2 24
-10.7%
Q1 24
17.3%
Capex Intensity
ASM
ASM
SNWV
SNWV
Q4 25
0.7%
Q3 25
4.6%
Q2 25
11.4%
Q1 25
1.7%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
1.3%
Q1 24
2.0%
Cash Conversion
ASM
ASM
SNWV
SNWV
Q4 25
0.43×
Q3 25
1.08×
0.11×
Q2 25
2.92×
1.80×
Q1 25
0.13×
Q4 24
Q3 24
3.55×
Q2 24
0.87×
-0.11×
Q1 24
3.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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