Sensus Healthcare Reports Fourth Quarter 2025 Financial Results Highlighted by Publication of Dedicated CPT Codes for SRT to Treat Non-Melanoma Skin Cancer

2026 CMS Physician Fee Schedule Final Rule provides a 300% per-fraction increase to delivery code that became effective January 1, 2026 Company enters 2026 with reimbursement certainty and strategic visibility, expects sequential-quarter revenue growth in Q1 and full-year profitability Shipped 14 SRT systems in Q4, most in December and none to its historically largest customer, up from six systems in Q3 excluding shipments to its historically largest customer Conference call begins at 4:30 p.m. Eastern time today BOCA RATON, Fla.--(BUSINESS WIRE)-- Sensus Healthcare, Inc. (Nasdaq: SRTS) , a medical device company specializing in highly effective, non-invasive, minimally-invasive and cost-effective treatments for oncological and non-oncological skin conditions, announces financial results for the three and twelve months ended December 31, 2025. Highlights include the following: Revenues were $4.9 million for the quarter and $27.5 million for the year Net loss was $3.2 million for the quarter and $7.7 million for the year Shipped 14 superficial radiotherapy (SRT) systems during the quarter, including eight in the U.S. and six internationally Shipped 70 SRT systems during the year, including 56 in the U.S. and 14 internationally Ended the year with $22.1 million in cash and cash equivalents and no debt Continued expansion of the Fair Deal Agreement (FDA) program, with 18 active sites and 10 sites pending activation as of year-end Delivered 11,411 FDA treatments to 922 patients during 2025, compared with 1,367 treatments delivered to 264 patients during 2024 Entered 2026 with dedicated and exclusive CMS reimbursement codes for SRT technology, providing reimbursement certainty and strategic visibility Management Commentary “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,” he added. “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.” Fourth Quarter Financial Results Revenues for the fourth quarter of 2025 were $4.9 million, compared with $13.1 million for the fourth quarter of 2024. The decrease was primarily driven by a lower number of units sold, reflecting reduced sales to our largest customer, slightly offset by revenue recognized from the new placements under the FDA program. Cost of sales for the fourth quarter of 2025 was $3.0 million, compared with $6.0 million in the prior-year quarter. The decrease was primarily related to a lower number of units sold, offset by higher cost of service and costs associated with the new placements under the FDA program. Gross profit for the fourth quarter of 2025 was $1.9 million, or 38.8% of revenues, compared with $7.1 million, or 54.2% of revenues, for the fourth quarter of 2024. The decrease was primarily driven by lower sales, higher costs of servicing systems and the costs associated with the new placement program. General and administrative expenses were $1.8 million for the fourth quarter of 2025, compared with $2.4 million in the prior-year quarter. The decrease was primarily due to lower professional fees and compensation costs. Selling and marketing expenses were $1.4 million for the fourth quarter of 2025, remaining consistent with the prior-year quarter. Research and development expenses were $1.9 million for the fourth quarter of 2025, compared with $1.6 million for the prior-year quarter. The increase was primarily due to an increase in product development costs related to next-generation systems. Other income, net of $0.2 million remained consistent with the prior-year quarter. Net loss for the fourth quarter of 2025 was $3.2 million, or $0.19 per share, compared with net income of $1.5 million, or $0.09 per diluted share, for the fourth quarter of 2024. Adjusted EBITDA for the fourth quarter of 2025 was negative $3.0 million, compared with $1.9 million for the fourth quarter of 2024. Adjusted EBITDA, a non-GAAP financial measure, is defined as earnings before interest, taxes, depreciation, amortization and stock-compensation expense. Please see below for a reconciliation between GAAP and non-GAAP financial measures, and the reason these non-GAAP financial measures are provided. Cash and cash equivalents were $22.1 million as of December 31, 2025, unchanged from December 31, 2024. The Company had no outstanding borrowings under its revolving line of credit at either year-end. Prepaid inventory was $1.5 million as of December 31, 2025, compared with $3.3 million as of December 31, 2024. Inventories were $14.6 million as of December 31, 2025, compared with $10.1 million as of December 31, 2024. Full Year Financial Results Revenues for 2025 were $27.5 million, compared with $41.8 million in 2024. The decrease in revenue was primarily driven by a lower number of units sold, reflecting reduced sales to our largest customer, slightly offset by revenue recognized from the new placements under the FDA program. Cost of sales for 2025 was $15.6 million, compared with $17.4 million in 2024. The decrease was primarily related to a lower number of units sold offset by higher cost of service and costs associated with the new placements under the FDA program. Gross profit for 2025 was $11.9 million, or 43.3% of revenue, compared with $24.4 million, or 58.4% of revenue, in 2024. The decrease was primarily driven by lower sales, higher costs of servicing systems and the cost associated with the new placement program. General and administrative expenses for 2025 were $7.9 million, compared with $7.1 million in 2024. The increase was primarily due to higher professional fees, insurance costs and compensation costs. Selling and marketing expenses for 2025 were $6.5 million, compared with $5.0 million in 2024. The increase was primarily driven by higher tradeshow costs and payroll cost due to an increase in headcount. Research and development expenses for 2025 were $7.8 million, compared with $4.2 million in 2024. The increase was primarily due to significant lobbying costs related to billing code reimbursement, increased headcount and an increase in product development costs related to next-generation systems. Other income, net of $0.7 million and $0.9 million in the years ended December 31, 2025 and 2024, respectively, relates primarily to interest income. Net loss for 2025 was $7.7 million, or $0.47 per share, compared with net income of $6.6 million, or $0.41 per diluted share, for full year 2024. Adjusted EBITDA for 2025 was negative $9.6 million, compared with $8.7 million for 2024. Use of Non-GAAP Financial Information This press release contains supplemental financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). Sensus Healthcare management uses Adjusted EBITDA, a non-GAAP financial measure, in its analysis of the Company’s performance. Adjusted EBITDA should not be considered a substitute for GAAP basis measures, nor should it be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of Adjusted EBITDA, which excludes the impact of interest, income taxes, depreciation, amortization and stock-compensation expense, provides useful supplemental information that is essential to a proper understanding of the financial results of Sensus Healthcare. Non-GAAP financial measures are not formally defined by GAAP, and other entities may use calculation methods that differ from those used by Sensus Healthcare. As a complement to GAAP financial measures, management believes that Adjusted EBITDA assists investors who follow the practice of some investment analysts who adjust GAAP financial measures to exclude items that may obscure underlying performance and distort comparability. A reconciliation of the GAAP net loss to Adjusted EBITDA is provided in the schedule below. SENSUS HEALTHCARE, INC. GAAP TO NON-GAAP RECONCILIATION (unaudited) For the Three Months Ended For the Years Ended December 31, December 31, (in thousands) 2025 2024 2025 2024 Net (loss) income, as reported $ (3,167 ) $ 1,546 $ (7,719 ) $ 6,647 Add: Depreciation 103 85 386 239 Stock compensation expense 76 122 295 323 Income tax expense (benefit) 174 410 (1,905 ) 2,375 Interest income, net (156 ) (230 ) (683 ) (932 ) Adjusted EBITDA, non GAAP $ (2,970 ) $ 1,933 $ (9,626 ) $ 8,652 Conference Call and Webcast Sensus Healthcare will host an investment community conference call today beginning at 4:30 p.m. Eastern time during which management will discuss these financial results, provide a business update and answer questions. Participants are encouraged to pre-register for the conference call using this link to receive a dial-in number and PIN to bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. Those unable to pre-register can access the conference call by dialing 844-481-2811 (U.S. and Canada) or 412-317-0676 (International). Please ask the operator to be connected to the Sensus Healthcare conference call. The call will be webcast live and can be accessed at this link , which is also in the Investor Relations section of the Company’s website at www.sensushealthcare.com . Following the conclusion of the conference call, a telephone replay will be available until March 12, 2026, by dialing 855-669-9658 (U.S. and Canada) or 412-317-0088 (International). At the system prompt, enter the replay code 1795391. An archived webcast will be available in the Investor Relations section of the Company’s website for a period of time. About Sensus Healthcare Sensus Healthcare, Inc. is a global pioneer in the development and delivery of non-invasive treatments for skin cancer and keloids. Leveraging its cutting-edge superficial radiotherapy (SRT and IG-SRT) technology, the company provides healthcare providers with a highly effective, patient-centric treatment platform. With a dedication to driving innovation in radiation oncology, Sensus Healthcare offers solutions that are safe, precise and adaptable to a variety of clinical settings. For more information, please visit www.sensushealthcare.com . Forward-Looking Statements This press release includes statements that are, or may be deemed, ‘‘forward-looking statements.’’ In some cases, these statements can be identified by the use of forward-looking terminology such as “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” “approximately,” “potential” or negative or other variations of those terms or comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements involve risks and uncertainties because they relate to events, developments, and circumstances relating to Sensus, our industry, and/or general economic or other conditions that may or may not occur in the future or may occur on longer or shorter timelines or to a greater or lesser degree than anticipated. In addition, even if future events, developments, and circumstances are consistent with the forward-looking statements contained in this press release, they may not be predictive of results or developments in future periods. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate may differ materially from the forward-looking statements contained in this press release, as a result of the following factors, among others: the possibility that inflationary pressures continue to impact our sales; the level and availability of government and/or third party payor reimbursement for clinical procedures using our products, and the willingness of healthcare providers to purchase our products if the level of reimbursement declines; concentration of our customers in the U.S. and China, including the concentration of sales to one particular customer in the U.S.; the development by others of new products, treatments, or technologies that render our technology partially or wholly obsolete; the regulatory requirements applicable to us and our competitors; our ability to efficiently manage our manufacturing processes and costs; the risks arising from doing business in China and other foreign countries; legislation, regulation, or other governmental action that affects our products, taxes, international trade regulation (including the possibility of tariffs on equipment we export or materials we import), or other aspects of our business; the performance of the Company’s information technology systems and its ability to maintain data security; our ability to obtain and maintain the intellectual property needed to adequately protect our products, and our ability to avoid infringing or otherwise violating the intellectual property rights of third parties; and other risks described from time to time in our filings with the Securities and Exchange Commission. To date, the geopolitical uncertainties other than those relating to China have not had any significant impact on our business, but we continue to monitor developments and will address them in future filings, if applicable. Any forward-looking statements that we make in this press release speak only as of the date of such statement, and we undertake no obligation to update such statements to reflect events or circumstances after the date of this press release, except as may be required by applicable law. You should read carefully our “Introductory Note Regarding Forward-Looking Information” and the factors described in the “Risk Factors” section of our periodic reports filed with the Securities and Exchange Commission to better understand the risks and uncertainties inherent in our business. Tables follow SENSUS HEALTHCARE, INC. CONSOLIDATED BALANCE SHEETS As of December 31, As of December 31, (in thousands, except shares and per share data) 2025 2024 (unaudited) Assets Current assets Cash and cash equivalents $ 22,083 $ 22,056 Accounts receivable, net 6,041 19,731 Inventories 14,563 10,097 Prepaid inventory 1,522 3,347 Other current assets 1,683 1,507 Total current assets 45,892 56,738 Property and equipment, net 1,976 1,997 Deferred tax asset 4,079 2,197 Operating lease right-of-use assets, net 452 581 Other noncurrent assets 640 652 Total assets $ 53,039 $ 62,165 Liabilities and stockholders’ equity Current liabilities Accounts payable and accrued expenses $ 3,343 $ 4,811 Product warranties 275 329 Operating lease liabilities, current portion 262 204 Deferred revenue, current portion 842 541 Total current Liabilities 4,722 5,885 Operating lease liabilities, net of current portion 209 398 Deferred revenue, net of current portion 10 55 Total liabilities 4,941 6,338 Commitments and contingencies Stockholders’ equity Preferred stock, 5,000,000 shares authorized and none issued and outstanding — — Common stock, $0.01 par value – 50,000,000 authorized; 17,056,845 issued and 16,465,036 outstanding at December 31, 2025; 17,036,845 issued and 16,495,396 outstanding at December 31, 2024 169 169 Additional paid-in capital 46,090 45,795 Treasury stock, 593,036 and 541,449 shares at cost, at December 31, 2025 and December 31, 2024, respectively (3,876 ) (3,571 ) Retained earnings 5,715 13,434 Total stockholders’ equity 48,098 55,827 Total liabilities and stockholders’ equity $ 53,039 $ 62,165 SENSUS HEALTHCARE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS For the Three Months Ended For the Years Ended December 31, December 31, (in thousands, except share and per share data) 2025 2024 2025 2024 (unaudited) (unaudited) (unaudited) Revenues $ 4,939 $ 13,067 $ 27,482 $ 41,807 Cost of sales 3,041 5,960 15,615 17,376 Gross profit 1,898 7,107 11,867 24,431 Operating expenses: General and administrative 1,764 2,416 7,873 7,147 Selling and marketing 1,401 1,404 6,523 4,978 Research and development 1,882 1,561 7,778 4,216 Total operating expenses 5,047 5,381 22,174 16,341 (Loss) income from operations (3,149 ) 1,726 (10,307 ) 8,090 Other income: Interest income, net 156 230 683 932 Other income, net 156 230 683 932 (Loss) income before income tax (2,993 ) 1,956 (9,624 ) 9,022 Provision for (benefit from) income taxes 174 410 (1,905 ) 2,375 Net (loss) income $ (3,167 ) $ 1,546 $ (7,719 ) $ 6,647 Net (loss) income per share – basic $ (0.19 ) $ 0.09 $ (0.47 ) $ 0.41 diluted $ (0.19 ) $ 0.09 $ (0.47 ) $ 0.41 Weighted average number of shares used in computing net (loss) income per share – basic 16,326,058 16,334,502 16,326,937 16,312,351 diluted 16,326,058 16,440,844 16,326,937 16,359,616 Contacts Alliance Advisors IR Tirth T. Patel tpatel@allianceadvisors.com 212-201-6614