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Side-by-side financial comparison of SANUWAVE Health, Inc. (SNWV) and SuperCom Ltd (SPCB). Click either name above to swap in a different company.

SuperCom Ltd is the larger business by last-quarter revenue ($14.2M vs $13.4M, roughly 1.1× SANUWAVE Health, Inc.). SANUWAVE Health, Inc. runs the higher net margin — 57.4% vs 37.5%, a 19.9% gap on every dollar of revenue. On growth, SANUWAVE Health, Inc. posted the faster year-over-year revenue change (30.3% vs -1.5%). SANUWAVE Health, Inc. produced more free cash flow last quarter ($3.2M vs $-3.6M).

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.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

SNWV vs SPCB — Head-to-Head

Bigger by revenue
SPCB
SPCB
1.1× larger
SPCB
$14.2M
$13.4M
SNWV
Growing faster (revenue YoY)
SNWV
SNWV
+31.8% gap
SNWV
30.3%
-1.5%
SPCB
Higher net margin
SNWV
SNWV
19.9% more per $
SNWV
57.4%
37.5%
SPCB
More free cash flow
SNWV
SNWV
$6.8M more FCF
SNWV
$3.2M
$-3.6M
SPCB

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
SNWV
SNWV
SPCB
SPCB
Revenue
$13.4M
$14.2M
Net Profit
$7.7M
$5.3M
Gross Margin
74.7%
61.2%
Operating Margin
15.0%
16.3%
Net Margin
57.4%
37.5%
Revenue YoY
30.3%
-1.5%
Net Profit YoY
157.8%
79.5%
EPS (diluted)
$0.78
$1.32

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
SNWV
SNWV
SPCB
SPCB
Q4 25
$13.4M
Q3 25
$11.4M
Q2 25
$10.1M
$14.2M
Q1 25
$9.3M
Q4 24
$10.3M
Q3 24
$9.3M
Q2 24
$7.1M
$14.4M
Q1 24
$5.7M
Net Profit
SNWV
SNWV
SPCB
SPCB
Q4 25
$7.7M
Q3 25
$9.7M
Q2 25
$551.0K
$5.3M
Q1 25
$-6.1M
Q4 24
$-13.3M
Q3 24
$-21.2M
Q2 24
$6.2M
$3.0M
Q1 24
$-4.8M
Gross Margin
SNWV
SNWV
SPCB
SPCB
Q4 25
74.7%
Q3 25
76.6%
Q2 25
77.3%
61.2%
Q1 25
79.4%
Q4 24
78.2%
Q3 24
76.1%
Q2 24
74.0%
52.3%
Q1 24
73.9%
Operating Margin
SNWV
SNWV
SPCB
SPCB
Q4 25
15.0%
Q3 25
7.9%
Q2 25
14.2%
16.3%
Q1 25
6.5%
Q4 24
19.6%
Q3 24
16.0%
Q2 24
23.3%
7.7%
Q1 24
-22.8%
Net Margin
SNWV
SNWV
SPCB
SPCB
Q4 25
57.4%
Q3 25
84.8%
Q2 25
5.4%
37.5%
Q1 25
-65.8%
Q4 24
-129.5%
Q3 24
-227.8%
Q2 24
87.4%
20.6%
Q1 24
-84.4%
EPS (diluted)
SNWV
SNWV
SPCB
SPCB
Q4 25
$0.78
Q3 25
$0.39
Q2 25
$-0.04
$1.32
Q1 25
$-0.72
Q4 24
$-0.76
Q3 24
$-6.65
Q2 24
$0.00
$1.19
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
SNWV
SNWV
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$12.0M
$15.0M
Total DebtLower is stronger
$21.9M
$23.6M
Stockholders' EquityBook value
$1.6M
$37.3M
Total Assets
$37.3M
$65.5M
Debt / EquityLower = less leverage
13.52×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SNWV
SNWV
SPCB
SPCB
Q4 25
$12.0M
Q3 25
$9.6M
Q2 25
$8.5M
$15.0M
Q1 25
$8.5M
Q4 24
$10.2M
Q3 24
$3.3M
Q2 24
$2.5M
$5.7M
Q1 24
$2.9M
Total Debt
SNWV
SNWV
SPCB
SPCB
Q4 25
$21.9M
Q3 25
$23.3M
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
SNWV
SNWV
SPCB
SPCB
Q4 25
$1.6M
Q3 25
$-7.6M
Q2 25
$-18.8M
$37.3M
Q1 25
$-20.8M
Q4 24
$-15.8M
Q3 24
$-60.3M
Q2 24
$-39.6M
$13.8M
Q1 24
$-47.6M
Total Assets
SNWV
SNWV
SPCB
SPCB
Q4 25
$37.3M
Q3 25
$35.6M
Q2 25
$33.0M
$65.5M
Q1 25
$30.9M
Q4 24
$30.1M
Q3 24
$21.8M
Q2 24
$21.0M
$49.6M
Q1 24
$23.3M
Debt / Equity
SNWV
SNWV
SPCB
SPCB
Q4 25
13.52×
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
2.11×
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
SNWV
SNWV
SPCB
SPCB
Operating Cash FlowLast quarter
$3.3M
$-2.2M
Free Cash FlowOCF − Capex
$3.2M
$-3.6M
FCF MarginFCF / Revenue
24.1%
-25.3%
Capex IntensityCapex / Revenue
0.7%
10.0%
Cash ConversionOCF / Net Profit
0.43×
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$1.9M
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SNWV
SNWV
SPCB
SPCB
Q4 25
$3.3M
Q3 25
$1.1M
Q2 25
$993.0K
$-2.2M
Q1 25
$-1.5M
Q4 24
$741.0K
Q3 24
$1.3M
Q2 24
$-668.0K
$-950.0K
Q1 24
$1.1M
Free Cash Flow
SNWV
SNWV
SPCB
SPCB
Q4 25
$3.2M
Q3 25
$556.0K
Q2 25
$-166.0K
$-3.6M
Q1 25
$-1.7M
Q4 24
$505.0K
Q3 24
$1.2M
Q2 24
$-760.0K
$-1.6M
Q1 24
$986.0K
FCF Margin
SNWV
SNWV
SPCB
SPCB
Q4 25
24.1%
Q3 25
4.9%
Q2 25
-1.6%
-25.3%
Q1 25
-18.1%
Q4 24
4.9%
Q3 24
13.3%
Q2 24
-10.7%
-10.8%
Q1 24
17.3%
Capex Intensity
SNWV
SNWV
SPCB
SPCB
Q4 25
0.7%
Q3 25
4.6%
Q2 25
11.4%
10.0%
Q1 25
1.7%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
1.3%
4.2%
Q1 24
2.0%
Cash Conversion
SNWV
SNWV
SPCB
SPCB
Q4 25
0.43×
Q3 25
0.11×
Q2 25
1.80×
-0.41×
Q1 25
Q4 24
Q3 24
Q2 24
-0.11×
-0.32×
Q1 24

Financial Flow Comparison

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

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