Nuwellis, Inc. Announces Third Quarter 2024 Financial Results and Recent Highlights
Nuwellis, Inc. (NUWE)
Company Research
Source: GlobeNewswire
MINNEAPOLIS, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE), a medical device company focused on transforming the lives of people with fluid overload, today reported financial results for the third quarter ended September 30, 2024. Recent Highlights: Received a 297% CMS reimbursement increase to $1,639 for Aquadex facility fee, effective January 1, 2025.Revenue of $2.4 million.Pediatrics revenue growth of 28% compared to the prior year quarter.Gross margin of 70%, compared to 57.3% in the prior-year quarter.Total operating cost reduction of 30% compared to the prior-year quarter.New study published in Current Problems in Cardiology highlighted statistically significant reduction in Heart Failure readmissions at 60 days when using Aquadex.Added three new pediatric accounts and two new adult accounts.Received $5.1 million in gross proceeds through the November exercise of outstanding warrants. “We commend the hard work and dedication of the Nuwellis team, fue
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NUWE
News
- Nuwellis Regains Compliance with Nasdaq Listing Requirements [Yahoo! Finance]Yahoo! Finance
- Nuwellis Regains Compliance with Nasdaq Listing RequirementsGlobeNewswire
- Nuwellis Announces Exercise of Warrants for $5.1 Million of Gross Proceeds [Yahoo! Finance]Yahoo! Finance
- Nuwellis Announces Exercise of Warrants for $5.1 Million of Gross ProceedsGlobeNewswire
- Nuwellis Receives Increased Reimbursement Rate for Aquadex SmartFlow® Therapy from the Centers for Medicare and MedicaidGlobeNewswire
NUWE
Earnings
- 11/11/24 - Beat
NUWE
Sec Filings
- 12/23/24 - Form EFFECT
- 12/20/24 - Form 424B3
- 12/19/24 - Form S-1/A
- NUWE's page on the SEC website