Sensus Healthcare Q4 Revenue at $4.9M, Down Year-over-Year
Reports Q4 revenue $4.9M vs. $13.1M. "Following the publication of Current Procedural Terminology (CPT) codes for treating non-melanoma skin cancer with SRT in November - with a per-fraction increase of more than 300% versus prior delivery code - and despite a very tight subsequent selling window in the midst of multiple holidays, we shipped 14 systems in Q4 without any contribution from our historically largest customer, compared with six units in Q3 excluding shipments to that customer," said Joe Sardano, Chairman and Chief Executive Officer of Sensus Healthcare. "With dedicated reimbursement codes now in place, a strong balance sheet with no debt and significantly enhanced physician economics, we look forward to 2026 with greater business control, predictability, and optimism. FDA utilization increased significantly in 2025, with treatments up more than eight-fold versus 2024 and the number of patients treated up by more than 250%. In several cases, the new reimbursement rates served as catalysts for system purchases by FDA customers. International demand contributed meaningfully to the fourth quarter with shipments to China, and international markets remain an important component of our growth strategy. Looking to the first quarter of 2026, based on our current pipeline and order activity we expect shipments to exceed fourth quarter 2025 levels without any contribution from our historically largest customer. More broadly, 2026 represents a new operating environment for Sensus, one we intend to fully leverage including by hiring several new sales reps," Sardano continued. "With attractive reimbursement, a more diversified customer base, new international opportunities and a continued commitment to tight expense management, our objective is to achieve full-year profitability."
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- Financing Program Launch: Sensus Healthcare has introduced a new financing service aimed at simplifying the acquisition process for dermatology practices seeking to purchase its superficial radiotherapy systems, thereby enhancing customer purchasing intent and market penetration.
- Conversion Rate Improvement: The new program is expected to improve the conversion rate of potential customers by reducing administrative and financing barriers, lowering the breakeven point to just one patient per month, which significantly alleviates the economic pressure of equipment procurement.
- Complementing Commercial Strategy: This financing service not only supports purchasing decisions for independent medical practices and corporate accounts but also strengthens relationships with physicians by providing financial visibility and reimbursement certainty, further solidifying Sensus' market position.
- Market Demand Response: With the new CPT codes providing approximately a 300% increase in per-fraction delivery codes for non-melanoma skin cancer treatment, Sensus' financing program will effectively support customer purchasing decisions in the new reimbursement environment, driving the company's growth in a rapidly evolving healthcare market.
- New Coding Opportunities: Sensus Healthcare received exclusive CPT codes from CMS, ensuring clear reimbursement for non-melanoma skin cancer treatments, which after 16 years of effort provides the company with a fresh start and enhances confidence in non-invasive alternatives for physicians and patients.
- Improved Financial Performance: Q4 2025 revenues reached $4.9 million, up from $3.1 million in Q4 2024, despite a net loss of $3.2 million; however, the company ended the year with $22.1 million in cash, indicating strong financial health.
- International Market Expansion: Six systems were shipped to countries including China in Q4, positively impacting margins from international sales, highlighting the company's growth potential in global markets, particularly in the Asia-Pacific region.
- Optimistic Future Outlook: Management expects Q1 2026 system shipments to exceed Q4 levels, even without contributions from its largest customer, with a goal of achieving full-year profitability, reflecting confidence in market demand.
- Earnings Announcement: Sensus Healthcare (SRTS) is set to release its Q4 earnings on February 12 after market close, with a consensus EPS estimate of -$0.06, reflecting a significant year-over-year decline of 166.7%, indicating substantial profitability challenges for the company.
- Revenue Decline: The anticipated revenue for Q4 is $8.35 million, representing a 36.3% year-over-year decrease, which highlights potential challenges the company faces in a competitive market, further impacting its financial health.
- Earnings Performance Volatility: Over the past year, SRTS has only beaten EPS estimates 50% of the time, with a similar 50% success rate for revenue estimates, showcasing the uncertainty surrounding the company's performance that may affect investor confidence.
- Revision Trends: In the last three months, there have been no upward revisions for EPS estimates and two downward revisions, while revenue estimates have seen three downward adjustments, indicating a pessimistic outlook from the market regarding the company's future performance.

Quarterly Performance: Sensus Healthcare reported a quarterly loss of $0.06 per share, better than the expected loss of $0.12, but down from earnings of $0.07 per share a year ago. The company also posted revenues of $6.88 million, exceeding estimates by 48.36%.
Stock Outlook: Despite the earnings surprise, Sensus Healthcare shares have declined by 46.7% this year, and the stock currently holds a Zacks Rank #4 (Sell), indicating expected underperformance in the near future.
Earnings Estimates: The consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $6.04 million, with a fiscal year estimate of -$0.43 on $26.34 million in revenues, reflecting an unfavorable trend in earnings estimate revisions.
Industry Context: The Medical - Instruments industry is currently ranked in the top 35% of Zacks industries, suggesting that overall industry performance could significantly influence Sensus Healthcare's stock performance moving forward.

Recognition of Sensus Healthcare: Sensus Healthcare has been named No. 72 on TIME's list of America's Growth Leaders of 2026, highlighting its revenue growth, financial stability, and stock performance over the past five years.
Focus on Non-Invasive Treatments: The company specializes in non-invasive treatments for skin conditions, particularly non-melanoma skin cancer and keloids, utilizing its superficial radiation therapy (SRT and IG-SRT) technology.
CEO's Statement: Joe Sardano, CEO of Sensus Healthcare, emphasized the importance of customer service and patient outcomes in achieving this recognition, crediting the support from physicians and patients over the past 15 years.
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, indicating that actual results may differ from expectations due to various factors affecting the business and industry.




