Sanara MedTech Inc.
SMTI · Orthopedic, Prosthetic & Surgical Appliances & Supplies · 9.2M shares · +10%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$4M (gross $1K, SBC $4M)
Grade
D50Sanara MedTech — small wound-care device firm, high-growth but loss-making.
Strengths
- Very high gross margin (92.7%, 96th pct)
- Positive operating margin and FCF
Risks
- Net loss; very high leverage (D/E 7.7, 91st)
- Negative ROE (8th pct)
- Scale and commercialization risk
Notable findings
- High leverageHigh leverage (debt/equity 7.74)
- Net lossNet loss (net margin -36.4%)
- Chronic dilutionShare count +10%/yr over 4y (dilution, book value/share -87%)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
92.7%
Operating margin
7.1%
Net margin
-36.4%
Return on equity
-632.5%
Return on assets
-51.5%
ROIC
11.1%
Revenue growth (QoQ)
0.9%
Debt / equity
7.7×
Net debt / EBITDA
1.3×
Interest coverage
1.1×
Current ratio
1.8×
Free cash flow
$2M
EBITDA
$11M
Tangible book value
-$16M
Cash & investments
$31M
Stock comp / revenue
5.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | Salamone Ann Beal | Grant | 4.2K | — |
| 2026-06-04 | Ortwein Sara N | Grant | 4.6K | — |
| 2026-06-04 | Nixon Ronald T | Grant | 4.2K | — |
| 2026-06-04 | TANZBERGER ERIC D | Grant | 5.3K | — |
| 2026-06-04 | Myers Keith G | Grant | 4.4K | — |
| 2026-06-04 | Major Eric D | Grant | 4.8K | — |
| 2026-06-04 | Mack Roszell III | Grant | 5.3K | — |
| 2026-06-04 | DeSutter Robert Andrew | Grant | 5.5K | — |
| 2026-05-15 | Yon Seth D | Tax withheld | 3.9K | $21.06 |
| 2026-04-15 | Waldrop Jacob A. | Tax withheld | 378 | $20.01 |
| 2026-03-22 | Mackey Ashley M | Grant | 2.8K | — |
| 2026-03-22 | Mackey Ashley M | Grant | 2.8K | — |
| 2026-03-22 | Waldrop Jacob A. | Grant | 14K | — |
| 2026-03-22 | Taylor Elizabeth B | Grant | 13K | — |
| 2026-03-22 | Yon Seth D | Grant | 25K | — |
| 2026-03-07 | Yon Seth D | Tax withheld | 596 | $18.87 |
| 2026-03-01 | Yon Seth D | Tax withheld | 414 | $20.44 |
| 2026-03-01 | Yon Seth D | Tax withheld | 491 | $20.44 |
| 2026-02-25 | Mackey Ashley M | Tax withheld | 149 | $19.90 |
| 2026-02-25 | Yon Seth D | Tax withheld | 873 | $19.90 |
| 2026-02-25 | Waldrop Jacob A. | Tax withheld | 714 | $19.90 |
| 2026-02-25 | Taylor Elizabeth B | Tax withheld | 437 | $19.90 |
| 2025-09-15 | Yon Seth D | Grant | 29K | — |
| 2025-08-19 | McNeil Michael D. | Tax withheld | 2.3K | $30.86 |
| 2025-05-22 | TANZBERGER ERIC D | Grant | 3.6K | — |
| 2025-05-22 | Salamone Ann Beal | Grant | 2.8K | — |
| 2025-05-22 | Ortwein Sara N | Grant | 3.3K | — |
| 2025-05-22 | Myers Keith G | Grant | 3.0K | — |
| 2025-05-22 | Major Eric D | Grant | 3.3K | — |
| 2025-05-22 | DeSutter Robert Andrew | Grant | 3.7K | — |
| 2025-05-22 | Mack Roszell III | Grant | 3.4K | — |
| 2025-05-15 | Yon Seth D | Tax withheld | 4.9K | $30.88 |
| 2025-04-15 | Waldrop Jacob A. | Tax withheld | 378 | $29.38 |
| 2025-04-10 | McNeil Michael D. | Tax withheld | 527 | $34.69 |
| 2025-04-10 | McNeil Michael D. | Tax withheld | 343 | $34.69 |
| 2025-04-10 | McNeil Michael D. | Tax withheld | 378 | $33.01 |
| 2025-04-10 | McNeil Michael D. | Tax withheld | 362 | $34.65 |
| 2025-03-19 | McNeil Michael D. | Grant | 1.5K | — |
| 2025-02-25 | Taylor Elizabeth B | Grant | 5.4K | — |
| 2025-02-25 | McNeil Michael D. | Grant | 5.0K | — |
| 2025-02-25 | Nixon Ronald T | Grant | 7.5K | — |
| 2025-02-25 | Waldrop Jacob A. | Grant | 8.8K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-09 | 2026-06-04 | 0001493152-26-027936 ↗ |
| 8-K | 2026-06-04 | 2026-06-02 | 0001493152-26-027274 ↗ |
| 10-Q | 2026-05-12 | 2026-03-31 | 0001493152-26-022479 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001493152-26-022291 ↗ |
| 10-K | 2026-03-24 | 2025-12-31 | 0001493152-26-012352 ↗ |
| 8-K | 2026-03-24 | 2026-03-24 | 0001493152-26-012266 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001493152-26-008547 ↗ |
| 8-K | 2026-01-23 | 2026-01-23 | 0001493152-26-003316 ↗ |
| 8-K | 2025-11-26 | 2025-11-25 | 0001493152-25-025152 ↗ |
| 8-K | 2025-11-12 | 2025-11-11 | 0001493152-25-021615 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0001493152-25-021715 ↗ |
| 10-Q | 2025-11-12 | 2025-09-30 | 0001493152-25-021894 ↗ |