QT Imaging Holdings, Inc. (QTI) vs Sanuwave Health Inc. (SNWV)

QT Imaging Holdings, Inc. and Sanuwave Health Inc. are both Medical Devices companies. Sanuwave Health Inc. is the larger, with a market value of $41.7M against $37.0M — 1.1× the size. QT Imaging Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Sanuwave Health Inc. trades at 3.0×. QT Imaging Holdings, Inc. grew revenue faster over the last twelve months: 220.0% against 12.7%. Sanuwave Health Inc. has the higher net margin (34.7% vs −77.3%) and the higher return on invested capital (7.46% vs −62.5%). Across the 17 metrics below, Sanuwave Health Inc. leads on 14 and QT Imaging Holdings, Inc. on 3.

Valuation

Metric QTI SNWV Medical Devices median
P/E n/m 3.04 22.18
P/S 1.41 0.98 2.70
P/B 16.64 15.55 2.46
Price to free cash flow n/m 4.63 22.53
EV/EBITDA n/m 15.70 11.78
EV/Sales 1.58 1.21 2.38
Earnings yield (62.30%) 32.94% (8.22%)
Free cash flow yield (34.09%) 21.62% (7.80%)

Profitability

Metric QTI SNWV Medical Devices median
Gross margin 40.39% 76.33% 56.01%
Operating margin (24.84%) 3.41% (15.03%)
Net margin (77.26%) 34.66% (20.40%)
Free cash flow margin (48.19%) 21.29% (7.24%)
Return on equity (2,125.31%) (254.57%) (15.32%)
Return on assets (96.64%) 43.82% (19.72%)
Return on invested capital (62.51%) 7.46% (10.33%)

Growth

Metric QTI SNWV Medical Devices median
Revenue growth (TTM) 220.02% 12.67% 8.80%
EPS growth (last fiscal year) 5.64% 118.50% —
Revenue growth, 5-year CAGR — 61.12% 15.23%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric QTI SNWV Medical Devices median
Debt to equity 6.81 6.88 0.07
Current ratio 3.10 1.28 2.50
Net debt to EBITDA 1.36 1.30 0.49

Dividend

Metric QTI SNWV Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 — 0.00

Size

Metric QTI SNWV Medical Devices median
Market cap 37.03m 41.72m 172.91m

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