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EXHIBIT 99.1 Sanara MedTech Evidence Based Healing 1200 Summit Avenue , Suite 414 Fort Worth , TX 76102 www.sanaramedtech.com Sanara MedTech Inc. Announces Third Quarter 2021 Results and Business Update FORT WORTH , TX / ACCESSWIRE / November 12 , 2021 / Sanara MedTech Inc. Based in Fort Worth , Texas , Sanara MedTech Inc. ( " Sanara , " the " Company , ” “ we , ” “ our ” or “ us ” ) ( NASDAQ : SMTI ) , a provider of surgical and chronic wound care products dedicated to improving patient outcomes , announced today its strategic , operational and financial results for the quarter ended September 30 , 2021 . Ron Nixon , Sanara's Executive Chairman , stated , " In the third quarter , Sanara continued to execute on its comprehensive wound and skin care strategy by gaining new hospital approvals for its surgical products , selling products into new facilities , executing an agreement and launching a pilot for WounDerm in the home health vertical , and adapting our EMR to the home health vertical . Our sales for the quarter were impacted by the COVID - 19 Delta variant surge in key markets in Texas and the Northeast , which limited elective procedures during the quarter . As with previous surges , we believe that the majority of procedures that were not performed due to COVID - 19 concerns in Q3 were postponed and will ultimately be performed at a later date . " Third Quarter 2021 Strategic Highlights The Company's surgical products continued to be approved for use in additional facilities throughout the quarter . CellerateRX was approved to be used in approximately 990 hospitals / ASCs at the end of Q3 . Sanara hired additional salespeople in Q3 , bringing the total number of regional sales managers and territory managers to 29 . The Company's surgical products generated revenue in 21 states in Q3 2021 at or above a $ 50,000 annual run rate . CellerateRX Surgical was sold in over 395 hospitals / ASCs during the nine - month period ended September 30 , 2021 . Executed an agreement and launched a pilot for WounDerm , the Company's telemedicine and virtual wound care solution in the home health vertical . As part of the launch the WounDerm pilot , the Company's EMR was adapted for the home health care market . Concurrent with the launch of the pilot in the home health vertical , the Company signed a distribution agreement for its proprietary products . Subsequent to the end of the quarter , the Company announced the commercial launch of two new innovative extracellular matrix products from Cook Biotech Inc. , FORTIFY TRG ™ Tissue Repair Graft and FORTIFY FLOWABLE ™ Extracellular Matrix . Sanara MedTech Hing 1200 Summit Avenue , Suite 414 Fort Worth , TX 76102 www.sanaramedtech.com Third Quarter and Nine Months Consolidated Financial Results Revenues . For the three months ended September 30 , 2021 , we generated revenues of $ 5,823,942 compared to revenues of $ 4,306,324 for the three months ended September 30 , 2020 , representing a 35 % increase from the prior year period . For the nine months ended September 30 , 2021 , revenues totaled $ 17,110,511 compared to revenues of $ 10,797,838 for the nine months ended September 30 , 2020 , representing a 58 % increase from the prior year period . The higher revenues in 2021 were primarily due to increased penetration of surgical wound care products by our sales force additions last year and our continuing present strategy to expand our independent distribution network in both new and existing U.S. markets . Revenues for the third quarter of 2021 were impacted by the response to the COVID - 19 Delta variant . Cost of goods sold . Cost of goods sold for the three months ended September 30 , 2021 , was $ 517,611 , compared to cost of goods sold of $ 447,935 for the three months ended September 30 , 2020. Cost of goods sold for the nine months ended September 30 , 2021 was $ 1,528,449 , compared to cost of goods sold of $ 1,126,798 for the nine months ended September 30 , 2020 . The increase over the prior year period was primarily due to higher sales volume . Selling , general and administrative expenses . SG & A expenses for the three months ended September 30 , 2021 , were $ 6,920,105 , as compared to $ 5,072,402 for the three months ended September 30 , 2020. SG & A expenses for the nine months ended September 30 , 2021 , were $ 18,891,979 compared to SG & A expenses of $ 13,632,967 for the nine months ended September 30 , 2020. The higher SG & A expenses in 2021 were primarily due to increased selling costs resulting from sales force expansion and operational support , higher sales commission expense as a result of higher product sales , and the addition of the Rochal Industries , LLC workforce effective July 1 , 2021. Direct sales and marketing costs represented approximately 70 % of the higher SG & A costs incurred in 2021. As part of our strategy to expand our sales reach in new and existing markets , we employed ten additional field sales managers since September 30 , 2020. As of September 30 , 2021 , we had a total of 29 field sales managers . Net income / loss . We had a net loss of $ 2,047,861 for the three months ended September 30 , 2021 , compared to net loss of $ 1,208,123 for the three months ended September 30 , 2020. The higher net loss in the third quarter of 2021 was primarily due to higher SG & A expenses which were approximately $ 1.8 million higher than prior year , partially offset by higher third quarter gross profit which was $ 1.4 million higher than the same period in 2020. Third quarter 2021 depreciation , amortization , and other expenses collectively were approximately $ 0.4 million higher compared to prior year . For the nine months ended September 30 , 2021 , we had a net loss of $ 4,437,210 , compared to net loss of $ 4,178,692 for the nine months ended September 30 , 2020. The higher net loss for the three and nine months ended September 30 , 2021 was primarily due to higher SG & A expenses , partially offset by higher revenues . The higher SG & A expenses in 2021 were primarily driven by increased selling costs as a result of sales force expansion and higher sales commissions due to higher product sales . Sanara will host a conference call on Monday , November 15 , 2021 , at 9:00 a.m. Eastern Time . The toll - free number to call for this teleconference is 888-506-0062 ( international callers : 973-528-0011 ) and the access code is 337574. A telephonic replay of the conference call will be available through Monday , November 29 , 2021 , by dialing 877-481-4010 ( international callers : 919-882-2331 ) and entering the replay passcode : 43371 . Sanara MedTech Evidence Based Healing 1200 Summit Avenue , Suite 414 Fort Worth , TX 76102 www.sanaramedtech.com A live webcast of the conference call will be available under the Investor Relations section of the Company's website , www.SanaraMedTech.com . A one - year online replay will be available after the conclusion of the live broadcast . About Sanara MedTech Inc.