SANUWAVE Health, Inc. (SNWV) disclosed that its audit committee has determined that the company’s prior financial statements for multiple periods are unreliable and that the 2024 consolidated financials will be restated in the 2025 annual report. The determination was made in a Form 8‑K filed with the Securities and Exchange Commission on March 13 2026.
The restatement will address material weaknesses in internal controls that were identified during the audit process. The audit committee’s findings indicate that the company’s internal control framework did not provide reasonable assurance that financial statements were prepared in accordance with generally accepted accounting principles, necessitating adjustments to previously reported figures.
The company will file the restated financial statements with the SEC as part of its 2025 annual report. The restatement will affect the company’s reported revenue, expenses, and net income for the 2024 period, and the company has indicated that it will provide detailed disclosures explaining the adjustments and their impact on key financial metrics.
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