Sensus Healthcare

Sensus Healthcare

SRTS
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Private Company

Total funding raised: $25M

Market Cap: $52.8MFounded: 2010Employees: 51-200HQ: Boca Raton, United States

Overview

Sensus Healthcare is a commercial-stage medical device company with a mission to democratize access to non-invasive radiation therapy for common skin conditions. Its core achievement is the development and FDA clearance of the SRT-100 platform, which has established a new office-based treatment paradigm for non-melanoma skin cancer and keloids. The company's strategy focuses on expanding its installed base through direct sales, enhancing its technology with image-guidance (SRT-100 Vision), and leveraging strong clinical data and favorable reimbursement to drive adoption among dermatologists and radiation oncologists.

DermatologyOncology

Technology Platform

Proprietary Superficial Radiotherapy (SRT) platform utilizing low-energy X-rays to non-invasively treat non-melanoma skin cancers and keloids, with advanced iterations featuring integrated high-frequency ultrasound for image guidance.

Funding History

2
Total raised:$25M
PIPE$10M
IPO$15M

Opportunities

The company is positioned to capitalize on the massive and growing incidence of non-melanoma skin cancer, the underserved keloid market, and the powerful trend shifting procedures from hospitals to physician offices.
Favorable reimbursement and the launch of the image-guided SRT-100 Vision are key growth catalysts.

Risk Factors

Key risks include slow physician adoption of a non-surgical paradigm, reliance on a single technology platform, potential reimbursement changes, competitive entry from larger medtech firms, and execution challenges inherent to a small-cap company.

Competitive Landscape

Sensus competes primarily against surgical standards of care (Mohs, excision) and other superficial radiation devices. Its differentiation lies in its dedicated office-based design, integrated ultrasound guidance for the SRT-100 Vision, strong clinical data in keloid prevention, and an established reimbursement pathway targeting dermatologists and plastic surgeons.

Company Timeline

2010Founded

Founded in Boca Raton, United States

2016IPO

IPO — $15.0M

2020PIPE

PIPE: $10.0M