Nuwellis Inc. reported third quarter 2025 revenue of $2.2 million, compared to $2.4 million in the same quarter last year. On a pro-forma basis, revenue increased approximately 7% year-over-year, excluding one-time SeaStar medical revenue and decreased international revenue due to wind-down activities. Gross margin was 65.2%, down from 70.0% in the prior year period. Operating expenses rose 30% year-over-year to $4.1 million, reflecting increased investment in rebuilding the U.S. sales force and additional spending on engineering and quality systems. The company reported an operating loss of $2.7 million, compared to $1.5 million last year, and ended the quarter with $3.1 million in cash and cash equivalents, remaining debt-free. Key business developments included the transition of manufacturing to KDI Precision Manufacturing, exit from international operations to focus on the U.S. market, and raising $1.9 million through an ATM facility.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuwellis Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-041591), on November 12, 2025, and is solely responsible for the information contained therein.
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