SMTI · NASDAQ · Medical - Instruments & Supplies

Sanara MedTech (SMTI)

Makes surgical repair products for soft tissue and bone fusion.

$34.31
Pre-market−0.49 (−1.41%)
At close$34.80(+0.03%)
Loading prices…

Sanara MedTech Inc.SMTIHealth Care

Sells surgical products for soft tissue repair and bone fusion, with CellerateRX-led collagen, wound-irrigation, graft, extracellular-matrix, and bone-matrix offerings. After discontinuing THP, the business reports one surgical-market segment focused mainly on North American hospitals and surgery centers.

Develops and commercializes surgical products used in operating rooms and other sterile settings, mainly in the North American surgical tissue repair market. The current portfolio centers on soft tissue repair products such as CellerateRX Surgical Powder, BIASURGE, TEXAGEN, FORTIFY TRG, and FORTIFY FLOWABLE, alongside BiFORM, ACTIGEN, and ALLOCYTE Plus bone fusion products.

Sales execution depends on hospital and surgery-center access, field representatives, distributors, and contracted or approved facility coverage. Rochal Technologies supports in-house R&D for the company's Prepare, Promote and Protect surgical strategy.

Reporting now reflects one surgical-market segment after THP, a value-based wound-care services initiative, was discontinued. The business depends on product adoption by surgeons and compliance with regulated medical-product channels.

Company facts

CEOSeth D. Yon
ListedNov 2, 2020
ExchangeNASDAQ
HeadquartersFort Worth, TX
CountryUnited States
Employees108
CIK0000714256
ISINUS79957L1008

Market cap$319.9M
EPS (ttm)−$3.72
P/E (ttm)−9.36
ROE-473.6%
P/B37.95
P/S2.91
Dividend yieldDiv yield
Beta0.76vs XLV 0.63

Price target$35.00+0.6%Avg of 3 analysts
ConsensusBuy2 of 3 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jul 30, 2026Lake StreetDowngradeBuyHold$32$35
Jul 30, 2026H.C. WainwrightDowngradeBuyNeutral$54$35
Jul 30, 2026HC Wainwright & Co.DowngradeBuyNeutral
Apr 15, 2026Lake StreetTarget$32

Next report
Nov 11, 2026
in 69 days
EPS estimate
$0.06
Revenue estimate
$29.7M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

May '25Aug '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
Reported−$0.41−$0.23$0.09$0.04$0.04−$0.05−$0.05Pending
Estimate−$0.31−$0.33−$0.24$0.11−$0.04−$0.03−$0.03$0.06
Surprise−32.3%+30.3%+137.5%−63.6%+200.0%−100.0%−100.0%

RevenueReportedEstimate

May '25Aug '25Nov '25Mar '26May '26Aug '26Aug '26Nov '26
Reported$23.4M$25.8M$26.3M$27.5M$27.8M$28.1M$28.1MPending
Estimate$24.9M$26.6M$27.2M$27.4M$26.8M$29.0M$29.0M$29.7M
Surprise−5.9%−2.9%−3.2%+0.5%+3.7%−2.8%−2.8%
Estimate$0.06
ReportedDue Nov 11, 2026
Estimate$29.7M
ReportedDue Nov 11, 2026
View details

Debt to equity610.90%
Current ratio257.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$21.7M$26.3M$23.4M$25.8M$26.3M$27.5M$27.8M$28.1M
Net income−$2.9M−$1.5M−$3.5M−$2.0M−$30.4M−$1.6M$459.0K−$452.9K
Net margin0.0%0.0%0.0%0.0%0.0%0.0%1.7%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.9M−$374.9K$825.5K−$31.3K$3.0M$2.9M$2.6M$1.8M
YoY growth+220.6%

Balance sheet, Jun 30, 2026Cash & short-term investments $15.4M · Total debt $48.5M · Total assets $69.1M · Shareholders' equity $7.9M

Revenue
$28.1M
Operating income
$1.8M
Net income
−$452.9K
View details

No dividends on record.

Institutions65 holders · as of Mar 31, 202616.25%1.49M shares
Insiders14 holders · as of Jun 5, 20264.42%405.7K shares
Otherremainder79.33%7.29M shares

9.19M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Tall Pines Capital, LLCInstitution
5.58%512,87213Gfiled Oct 8, 2024
BlackRock, Inc.Institution
2.49%228,76713Fas of Mar 31, 2026
Vanguard Capital Management LLCInstitution
1.65%151,36713Fas of Mar 31, 2026
Stonebridge Wealth Management, LLCInstitution
1.49%136,89913Fas of Mar 31, 2026
Royal Bank of CanadaInstitution
1.43%131,38913Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Integra LifeSciences

    Regenerative tissue and collagen matrices for surgical repair

  • BD

    Ready-to-use surgical irrigation system in the operating room

  • Solventum

    Advanced wound dressings, NPWT, and incision-care portfolio

  • MiMedx

    Placental allografts for advanced wound and surgical use

  • Organogenesis

    Regenerative advanced wound care and surgical biologics

  • Globus Medical

    Spine and orthopedic biologics with bone graft substitutes

  • Stryker

    Large orthopedic biologics platform for grafting and matrices

  • TELA Bio

    Reinforced tissue matrices for soft-tissue reconstruction

ComparePre-market

CompanyPriceChange
Sanara MedTech$34.31−1.41%$319.9M71.52.9+8.9%
Integra LifeSciences$16.88+0.42%$1.31B6.60.8+0.8%
BD$189.24+0.88%$51.67B56.514.22.5−9.6%
Solventum$91.90−0.01%$15.91B11.213.61.9+2.2%
MiMedx$4.56+1.00%$663.2M113.8107.31.9−34.7%
Organogenesis$1.68+0.56%$214.9M0.5−56.7%
Globus Medical$80.41−0.30%$10.88B20.715.83.5+5.9%
Stryker$314.00+0.58%$119.68B32.419.44.6+9.4%
TELA Bio$0.7510−5.09%$33.7M0.4−4.5%
Median32.415.01.9−1.9%