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Private company

Fuse Medical, Inc.

American wholesale-medical company based in Wilmington, active since 19992

In its 2023 annual report the company says: “We are a manufacturer and national distributor of medical devices in the United States.”42

Last updated Oct 21, 2026.

Overview

  • IndustryWholesale-Medical, Dental & Hospital Equipment & Supplies2
  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business address1565 North Central Expressway, Suite 220, Richardson, Tx 750803
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI5493002BLLYWXTCBFW262
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CAPITOL SERVICES, INC., 19901 Dover, United States2
  • Registered withDivision of Corporations, Department of State, 30645102

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

61.9%Gross margin4
-4.4%Operating margin4
16.6%Net margin4
-8.7%Revenue growth, 20224

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue38¢$7.1M
  • Selling, general and admin35¢$6.5M
  • Other costs9¢$1.7M
  • Interest1¢$171.3K
  • Income tax0¢$23.7K
  • Profit17¢$3.1M

Out of $18.6M in revenue.4

Where each dollar of operating cash went, fiscal 2022

  • Kept or used elsewhere100¢$34.8K

Out of $34.8K of cash from operations.4

Financial statements

Revenue567894$18.6M in 2022−27% since 2016
0$10.0M$20.0M$30.0M2016: $25.7M$25.7M20162017: $26.4M$26.4M2017+3%2018: $26.3M$26.3M2018−0%2019: $22.9M$22.9M2019−13%2020: $21.4M$21.4M2020−7%2021: $20.4M$20.4M2021−5%2022: $18.6M$18.6M2022−9%
Gross profit567894$11.5M in 2022−20% since 2016
0$5.0M$10.0M$15.0M2016: $14.4M$14.4M20162017: $11.8M$11.8M2017−18%2018: $13.0M$13.0M2018+10%2019: $11.1M$11.1M2019−14%2020: $12.7M$12.7M2020+14%2021: $11.9M$11.9M2021−6%2022: $11.5M$11.5M2022−3%
Operating income567894-$815.1K in 2022
-$6.0M-$4.0M-$2.0M0$2.0M$4.0M2016: $3.2M$3.2M20162017: $858.9K$858.9K2017−73%2018: -$2.0M-$2.0M20182019: -$4.3M-$4.3M2019+122%2020: -$1.0M-$1.0M2020−76%2021: -$2.2M-$2.2M2021+114%2022: -$815.1K-$815.1K2022−63%
Net income567894$3.1M in 2022+3% since 2016
-$4.0M-$2.0M0$2.0M$4.0M2016: $3.0M$3.0M20162017: $699.7K$699.7K2017−77%2018: $4.0M$4.0M2018+466%2019: -$3.3M-$3.3M20192020: -$1.4M-$1.4M2020−57%2021: -$1.6M-$1.6M2021+11%2022: $3.1M$3.1M2022
Fiscal year2016201720182019202020212022
Revenue$25.7M5$26.4M6$26.3M7$22.9M8$21.4M9$20.4M4$18.6M4
Cost of revenue$11.3M5$14.6M6$13.4M7$11.8M8$8.7M9$8.5M4$7.1M4
Gross profit$14.4M5$11.8M6$13.0M7$11.1M8$12.7M9$11.9M4$11.5M4
Selling, general and admin$4.2M5$5.3M6$8.5M7$8.5M8$6.5M9$7.0M4$6.5M4
Operating expenses$14.1M4$12.4M4
Operating income$3.2M5$858.9K6-$2.0M7-$4.3M8-$1.0M9-$2.2M4-$815.1K4
Interest$146.9K5$161.7K6$133.9K7$121.6K8$95.0K9$78.2K4$171.3K4
Income before tax-$1.6M4$3.1M4
Income tax$51.6K5$40.8K6-$386.8K7$781.1K8$19.0K9$17.7K4$23.7K4
Net income$3.0M5$699.7K6$4.0M7-$3.3M8-$1.4M9-$1.6M4$3.1M4
Earnings per share$0.425$0.046$0.067-$0.058-$0.029-$0.024$0.044
Earnings per share (diluted)$0.335$0.046$0.057-$0.058-$0.029-$0.024$0.044
Shares (weighted, basic)70.3M shares470.3M shares4
Shares (weighted, diluted)70.3M shares477.9M shares4

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What it owns

What Fuse Medical, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$20.2K4 Dec 31, 2022$20.2K4 Dec 31, 20210%
Accumulated depreciation$19.5K4 Dec 31, 2022$13.0K4 Dec 31, 2021+50.3%
Property and equipment, net$7094 Dec 31, 2022$7.3K4 Dec 31, 2021−90.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$147.9K4 Dec 31, 2022$553.2K4 Dec 31, 2021−73.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.0M4 Dec 31, 2022$2.0M4 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$1.2M4 Dec 31, 2022$1.3M4 Dec 31, 2021−9.6%
Accumulated amortization$310.1K4 Dec 31, 2022$179.2K4 Dec 31, 2021+73.0%
Finite-lived intangibles, net$486.6K4 Dec 31, 2022$613.0K9 Dec 31, 2021−20.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$9.5M4 Dec 31, 2022$8.7M4 Dec 31, 2021+8.7%

Leadership

Who has led Fuse Medical, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. D. Alan Meeker2014
  2. Chris Pratt2015–2016
  3. Christopher C. Reeg2016–2022

Chair

  1. Mark W. Brooks2022

President

  1. Robert H. Donehew2013–2016
  2. Mark W. Brooks2018–2022

Chief financial officer

  1. David Hexter2014–2015
  2. William E. McLaughlin Iii.2018
  3. Lawrence Scott Yellin2022

Chief operating officer

  1. Robert H. Donehew2016
201520202025
Board members and other officers (17)

Former names

  • GOLF ROUNDS COM INCNov 29, 1999 to May 30, 20143
  • AMERICAN METALS SERVICE INCJul 13, 1995 to Jul 15, 19993

Timeline

  1. Sep 27, 20238-K Results of operations30
  2. Aug 15, 20238-K Results of operations31
  3. Jun 26, 20238-K Shareholder vote32
  4. Apr 18, 20238-K Results of operations33
  5. Nov 22, 20228-K Change of auditor34
  6. Nov 18, 20228-K Results of operations35
  7. Jun 28, 20228-K Shareholder vote36
  8. Apr 8, 20228-K Executive or director change37
  9. Dec 20, 20218-K New debt or obligation38
  10. Dec 3, 20218-K Executive or director change39
  11. Nov 12, 20218-K Entered a material agreement40
  12. Dec 29, 2016New chief executive Christopher C. Reeg becomes CEO12
  13. Aug 31, 2015New chief executive Chris Pratt becomes CEO13
  14. Jun 4, 2014New chief executive D. Alan Meeker becomes CEO14
  15. Jul 1, 1999Founded Fuse Medical, Inc. is founded2

Calendar

When it reported results

  1. Sep 27, 2023Reported quarterly or annual results30
  2. Aug 15, 2023Reported quarterly or annual results31
  3. Apr 18, 2023Reported quarterly or annual results33
  4. Nov 18, 2022Reported quarterly or annual results35

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

33 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 11 major events, 7 insider forms, 7 other. The latest 20:

  1. Sep 27, 202315-12G EDGAR
  2. Sep 27, 20238-K EDGAR
  3. Aug 15, 20238-K EDGAR
  4. Aug 14, 202310-Q EDGAR
  5. Jun 26, 20238-K EDGAR
  6. May 15, 202310-Q EDGAR
  7. May 10, 2023DEFA14A EDGAR
  8. May 10, 2023DEF 14A EDGAR
  9. May 10, 2023ARS EDGAR
  10. Apr 18, 20238-K EDGAR
  11. Apr 14, 202310-K EDGAR
  12. Apr 3, 2023NT 10-K EDGAR
  13. Dec 16, 20224 FORM 4 SUBMISSION EDGAR
  14. Dec 16, 20224 FORM 4 SUBMISSION EDGAR
  15. Dec 16, 20224 FORM 4 SUBMISSION EDGAR
  16. Nov 22, 20228-K EDGAR
  17. Nov 18, 20228-K EDGAR
  18. Nov 17, 20224 FORM 4 SUBMISSION EDGAR
  19. Nov 14, 202210-Q EDGAR
  20. Aug 11, 202210-Q EDGAR

The 33 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$361.4K 2020–2020
Money received by yearMoney received by year, 2020–2020: $361.4K in all. PPP loans $361.4K.$0$100K$200K$300K$400K2020 · PPP loans: $361.4K2020
Figures by year
YearPPP loansTotal
2020$361.4K$361.4K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA41. Matched to this company by name and state.

  1. Apr 10, 2020$361.4K PPP loan (first draw) from Zions Bank, A Division of41To FUSE MEDICAL, INC., Richardson TX; $365.4K forgiven May 20, 2021

SEC filer profile

How Fuse Medical, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFuse Medical, Inc.1
  • CIK0000319016
  • Employer ID (EIN)59-12249131
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5047 Wholesale-Medical, Dental & Hospital Equipment & Supplies1
  • Business address1565 North Central Expressway, Suite 220, Richardson, TX 750801
  • Phone469-862-30301
  • Shares outstanding73,895,794 as of Aug 10, 202311
  • Public float$1.0M as of Jun 30, 20224
  • On EDGAR sinceJul 13, 19951
  • Filings401 in all: 8-K (73), 4 (49), 10-Q (46), 10QSB (40), 3 (20), 10-K (14), 4/A (14), UPLOAD (14)1
    All 41 form types

    10KSB (13), 8-K/A (12), SC 13D (12), CORRESP (9), NT 10-K (9), NT 10-Q (7), DEF 14A (6), DEFA14A (6), 10-K/A (4), 3/A (4), D (4), DEF 14C (4), SC 13D/A (4), 10KSB/A (3), 5 (3), CT ORDER (3), NTN 10Q (3), PRE 14A (3), PRE 14C (3), 10-Q/A (2), DEFR14C (2), S-8 (2), SC 13G/A (2), SC 14F1 (2), 10-KT (1), 10KSB40 (1), 10QSB/A (1), 15-12G (1), ARS (1), DEFA14C (1), NTN 10K (1), PRER14C (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Apr 14, 2023
    Quarterly report (10-Q) Aug 14, 2023
    Proxy statement (DEF 14A) May 10, 2023
    Latest 8-K (8-K) Sep 27, 2023

Sources

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