Medical tech firm Nuwellis Q3 revenue down 6% yr/yr

Reuters11-12
Medical tech firm Nuwellis Q3 revenue down 6% yr/yr

Overview

  • Nuwellis Q3 revenue fell 6% yr/yr but rose 29% sequentially

  • Net income for Q3 was $468,000, with EPS of $0.56

  • Company initiated manufacturing transition to focus on U.S. market growth

Outlook

  • Nuwellis focuses on U.S. market growth, exiting international operations

  • Company enhances product offerings with new 24-hour circuit and catheter

  • Nuwellis advances pediatric product development with NIH-funded collaboration

Result Drivers

  • CONSUMABLE UTILIZATION - Sequential revenue growth driven by increased consumable utilization and stronger U.S. console sales

  • PEDIATRIC PRODUCT DEVELOPMENT - Accelerated through NIH-funded collaboration and new U.S. patent

  • U.S. MARKET FOCUS - Manufacturing transition to KDI Precision Manufacturing and exit of international operations

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

$2.22 mln

Q3 EPS

$0.56

Q3 Net Income

$468,000

Q3 Gross Profit

$1.45 mln

Q3 Income from Operations

-$2.70 mln

Q3 Pretax Profit

$468,000

Press Release: ID:nGNX7zQnQP

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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