Company DescriptionSofwave Medical Ltd. (SOFW) is a medical technology company specializing in non-invasive aesthetic treatments. The company operates within the beauty and healthcare sectors, focusing on developing and commercializing advanced ultrasound technology for skin rejuvenation and wrinkle reduction. Sofwave's flagship product, the Sofwave System, utilizes proprietary Synchronous Ultrasound Parallel Beam SUPERB technology to deliver effective, safe, and quick treatments that address fine lines and wrinkles.
How the Company Makes MoneySofwave generates revenue primarily through the sale of its ultrasound-based devices and associated consumables to medical professionals, clinics, and aesthetic centers. The company also earns income from service agreements, training, and support packages offered to practitioners using their technology. Additionally, Sofwave may engage in strategic partnerships with distributors and healthcare providers to expand its market reach and enhance sales. Revenue is further supported by ongoing research and development efforts to innovate and introduce new products within the aesthetic treatment market.