Symbols / NUWE $1.10 +4.74% Nuwellis, Inc.

Healthcare • Medical Devices • United States • NCM
NUWE Chart
About

Nuwellis, Inc., a medical device company, develops, manufactures, and commercializes medical devices used in ultrafiltration therapy. The company provides Aquadex FlexFlow and Aquadex SmartFlow systems, which are used to treat patients suffering from fluid overload due to heart failure. Its Aquadex FlexFlow system includes a console, disposable blood circuit set, and disposable catheter. The company sells its products to hospitals and clinics through its direct salesforce in the United States; and through specialty healthcare distributors in Austria, Belarus, Brazil, Colombia, the Czech Republic, Germany, Greece, Hong Kong, India, Indonesia, Israel, Italy, Panama, Romania, Singapore, Slovakia, Spain, Switzerland, Thailand, the United Arab Emirates, and the United Kingdom. The company was formerly known as CHF Solutions, Inc. and changed its name to Nuwellis, Inc. in April 2021. Nuwellis, Inc. was founded in 1999 and is headquartered in Eden Prairie, Minnesota.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Medical Devices Market Cap 2.54M
Enterprise Value 1.77M Income -17.52M Sales 8.27M
Book/sh 1.56 Cash/sh 0.47 Dividend Yield —
Payout 0.00% Employees 38 IPO —
P/E — Forward P/E -0.42 PEG —
P/S 0.31 P/B 0.71 P/C —
EV/EBITDA -0.16 EV/Sales 0.21 Quick Ratio 0.85
Current Ratio 1.71 Debt/Eq 12.47 LT Debt/Eq —
EPS (ttm) -25.39 EPS next Y -2.59 EPS Growth —
Revenue Growth 4.40% Earnings 2026-05-12 ROA -86.86%
ROE -3.83% ROIC — Gross Margin 61.96%
Oper. Margin -100.78% Profit Margin -211.86% Shs Outstand 2.31M
Shs Float 2.28M Short Float 1.31% Short Ratio 0.40
Short Interest — 52W High 45.36 52W Low 0.96
Beta 0.08 Avg Volume 2.19M Volume 25.76K
Target Price — Recom None Prev Close $1.05
Price $1.10 Change 4.74%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$1.10
Latest analyst target
3. DCF / Fair value
$-101.03
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.10
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-08-13 reit Roth MKM Buy → Buy $17
2024-07-29 init Roth MKM — → Buy $17
2023-11-08 down Ladenburg Thalmann Buy → Neutral —
News
RSS: Latest NUWE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-06-10 ERB JOHN L Chief Executive Officer — 1,100,022 $0.06 $66,001
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
8.27
-5.38%
8.74
-1.40%
8.86
+3.76%
8.54
Operating Revenue
8.27
-5.38%
8.74
-1.40%
8.86
+3.76%
8.54
Cost Of Revenue
3.15
+2.68%
3.06
-21.05%
3.88
+2.46%
3.79
Reconciled Cost Of Revenue
3.15
+2.68%
3.06
-21.05%
3.88
+2.46%
3.79
Gross Profit
5.12
-9.73%
5.68
+13.91%
4.98
+4.79%
4.75
Operating Expense
16.23
-2.60%
16.66
-26.31%
22.61
+3.13%
21.93
Research And Development
2.71
-15.49%
3.21
-40.82%
5.42
+24.87%
4.34
Selling General And Administration
13.52
+0.47%
13.46
-21.73%
17.19
-2.23%
17.58
Total Expenses
19.38
-1.78%
19.73
-25.54%
26.49
+3.03%
25.71
Operating Income
-11.11
-1.07%
-10.99
+37.67%
-17.63
-2.67%
-17.17
Total Operating Income As Reported
-11.11
-1.07%
-10.99
+37.67%
-17.63
-2.67%
-17.17
EBITDA
-6.55
-24.85%
-5.24
+67.94%
-16.36
-234.00%
-4.90
Normalized EBITDA
-10.68
+0.73%
-10.76
+37.14%
-17.11
-2.33%
-16.72
Reconciled Depreciation
0.42
+34.52%
0.31
-14.36%
0.36
-2.69%
0.37
EBIT
-6.96
-25.39%
-5.55
+66.78%
-16.72
-217.29%
-5.27
Total Unusual Items
4.13
-25.06%
5.51
+627.57%
0.76
-93.59%
11.83
Total Unusual Items Excluding Goodwill
4.13
-25.06%
5.51
+627.57%
0.76
-93.59%
11.83
Special Income Charges
0.00
-100.00%
0.90
0.00
—
Other Special Charges
—
-0.90
—
—
Net Income
-17.52
-56.93%
-11.16
+44.75%
-20.21
-39.13%
-14.53
Pretax Income
-17.52
-56.95%
-11.16
+44.76%
-20.20
-39.16%
-14.52
Net Non Operating Interest Income Expense
-10.55
-88.21%
-5.61
-60.98%
-3.48
+62.33%
-9.25
Interest Expense Non Operating
10.55
+88.21%
5.61
+60.98%
3.48
-62.33%
9.25
Net Interest Income
-10.55
-88.21%
-5.61
-60.98%
-3.48
+62.33%
-9.25
Interest Expense
10.55
+88.21%
5.61
+60.98%
3.48
-62.33%
9.25
Other Income Expense
4.14
-23.77%
5.43
+495.94%
0.91
-92.34%
11.90
Other Non Operating Income Expenses
0.01
+112.50%
-0.08
-151.95%
0.15
+105.33%
0.07
Gain On Sale Of Security
4.13
-10.44%
4.62
+508.84%
0.76
-93.59%
11.83
Tax Provision
0.01
+0.00%
0.01
-37.50%
0.01
-11.11%
0.01
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.87
-25.06%
1.16
+627.57%
0.16
-93.59%
2.48
Net Income Including Noncontrolling Interests
-17.52
-56.93%
-11.16
+44.75%
-20.21
-39.13%
-14.53
Net Income From Continuing Operation Net Minority Interest
-17.52
-56.93%
-11.16
+44.75%
-20.21
-39.13%
-14.53
Net Income From Continuing And Discontinued Operation
-17.52
-56.93%
-11.16
+44.75%
-20.21
-39.13%
-14.53
Net Income Continuous Operations
-17.52
-56.93%
-11.16
+44.75%
-20.21
-39.13%
-14.53
Normalized Income
-20.79
-33.91%
-15.52
+25.40%
-20.81
+12.82%
-23.87
Net Income Common Stockholders
-17.52
-64.88%
-10.62
+53.05%
-22.63
-55.78%
-14.53
Diluted EPS
-25.39
+92.81%
-353.22
+97.91%
-16,934.40
-1686.71%
-947.80
Basic EPS
-25.39
+92.81%
-353.22
+97.91%
-16,934.40
-1686.71%
-947.80
Basic Average Shares
0.69
+2083.93%
0.03
+2265.34%
0.00
+267.03%
0.00
Diluted Average Shares
0.69
+2083.93%
0.03
+2265.34%
0.00
+267.03%
0.00
Diluted NI Availto Com Stockholders
-17.52
-64.88%
-10.62
+53.05%
-22.63
-55.78%
-14.53
Preferred Stock Dividends
-0.00
+99.26%
-0.54
-122.37%
2.42
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
6.12
-37.98%
9.86
+0.96%
9.77
-60.40%
24.67
Current Assets
5.19
-41.43%
8.86
+7.87%
8.21
-63.95%
22.77
Cash Cash Equivalents And Short Term Investments
1.08
-78.70%
5.09
+34.08%
3.80
-79.24%
18.31
Cash And Cash Equivalents
1.08
-78.70%
5.09
+34.08%
3.80
-78.58%
17.74
Other Short Term Investments
—
—
0.00
-100.00%
0.57
Receivables
1.49
-13.55%
1.73
-11.48%
1.95
+38.76%
1.41
Accounts Receivable
1.49
-13.55%
1.73
-11.48%
1.95
+38.76%
1.41
Inventory
1.91
+11.18%
1.72
-13.97%
2.00
-24.95%
2.66
Raw Materials
1.46
+11.22%
1.31
-11.01%
1.47
-8.51%
1.61
Work In Process
0.09
-32.82%
0.13
-36.71%
0.21
+1.47%
0.20
Finished Goods
0.45
-13.09%
0.51
+30.28%
0.39
-60.42%
0.99
Other Current Assets
0.70
+121.59%
0.32
-31.67%
0.46
+16.41%
0.40
Total Non Current Assets
0.93
-7.63%
1.01
-35.36%
1.56
-18.01%
1.90
Net PPE
0.66
-33.10%
0.99
-31.44%
1.44
-23.47%
1.88
Gross PPE
4.64
-2.66%
4.77
-3.19%
4.92
-2.59%
5.05
Accumulated Depreciation
-3.98
-5.29%
-3.78
-8.50%
-3.48
-9.81%
-3.17
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
1.07
+0.47%
1.07
+0.38%
1.06
-2.83%
1.09
Other Properties
3.31
-3.83%
3.45
-4.46%
3.61
-2.70%
3.71
Leases
0.25
+0.00%
0.25
+0.00%
0.25
+0.00%
0.25
Other Non Current Assets
0.27
+1190.48%
0.02
-82.50%
0.12
+471.43%
0.02
Total Liabilities Net Minority Interest
3.49
+4.62%
3.33
-49.17%
6.56
-46.74%
12.32
Current Liabilities
3.03
+18.48%
2.56
-19.33%
3.17
-32.34%
4.69
Payables And Accrued Expenses
2.23
+35.73%
1.64
-31.09%
2.38
+6.01%
2.25
Payables
2.23
+35.73%
1.64
-31.09%
2.38
+6.01%
2.25
Accounts Payable
2.23
+35.73%
1.64
-31.09%
2.38
+6.01%
2.25
Pensionand Other Post Retirement Benefit Plans Current
0.46
-28.13%
0.64
+21.90%
0.53
-75.71%
2.16
Current Debt And Capital Lease Obligation
0.26
+9.66%
0.24
+10.19%
0.22
-3.57%
0.22
Current Capital Lease Obligation
0.26
+9.66%
0.24
+10.19%
0.22
-3.57%
0.22
Other Current Liabilities
0.09
+107.32%
0.04
-19.61%
0.05
-12.07%
0.06
Total Non Current Liabilities Net Minority Interest
0.46
-41.16%
0.78
-77.12%
3.39
-55.60%
7.63
Long Term Debt And Capital Lease Obligation
0.07
-78.18%
0.31
-43.57%
0.54
-28.42%
0.76
Long Term Capital Lease Obligation
0.07
-78.18%
0.31
-43.57%
0.54
-28.42%
0.76
Other Non Current Liabilities
—
—
—
—
Stockholders Equity
2.63
-59.72%
6.53
+103.36%
3.21
-74.01%
12.36
Common Stock Equity
2.62
-59.80%
6.53
+118.33%
2.99
-75.80%
12.36
Capital Stock
0.01
+200.00%
0.00
-99.10%
0.22
0.00
Common Stock
0.00
0.00
0.00
0.00
Preferred Stock
0.01
+200.00%
0.00
-99.10%
0.22
0.00
Share Issued
1.69
+1519.15%
0.10
+2594.49%
0.00
+961.81%
0.00
Ordinary Shares Number
1.69
+1519.15%
0.10
+2594.49%
0.00
+961.81%
0.00
Additional Paid In Capital
318.93
+4.44%
305.37
+5.06%
290.65
+3.90%
279.74
Retained Earnings
-316.31
-5.86%
-298.79
-3.88%
-287.63
-7.56%
-267.42
Gains Losses Not Affecting Retained Earnings
0.01
+117.02%
-0.05
-51.61%
-0.03
-181.58%
0.04
Other Equity Adjustments
—
—
—
0.06
Total Equity Gross Minority Interest
2.63
-59.72%
6.53
+103.36%
3.21
-74.01%
12.36
Total Capitalization
2.63
-59.72%
6.53
+103.36%
3.21
-74.01%
12.36
Working Capital
2.15
-65.79%
6.30
+25.00%
5.04
-72.14%
18.08
Invested Capital
2.62
-59.80%
6.53
+118.33%
2.99
-75.80%
12.36
Total Debt
0.33
-39.82%
0.55
-28.29%
0.76
-22.76%
0.98
Capital Lease Obligations
0.33
-39.82%
0.55
-28.29%
0.76
-22.76%
0.98
Net Tangible Assets
2.63
-59.72%
6.53
+103.36%
3.21
-74.01%
12.36
Tangible Book Value
2.62
-59.80%
6.53
+118.33%
2.99
-75.80%
12.36
Derivative Product Liabilities
0.39
-16.88%
0.47
-83.54%
2.84
-58.61%
6.87
Foreign Currency Translation Adjustments
0.01
+117.02%
-0.05
-51.61%
-0.03
-72.22%
-0.02
Inventories Adjustments Allowances
-0.08
+65.96%
-0.23
-213.33%
-0.07
+48.28%
-0.14
Preferred Stock Equity
0.01
+200.00%
0.00
-99.10%
0.22
—
Unrealized Gain Loss
—
—
—
0.06
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-10.81
-12.71%
-9.59
+46.53%
-17.94
-18.40%
-15.15
Cash Flow From Continuing Operating Activities
-10.81
-12.71%
-9.59
+46.53%
-17.94
-18.40%
-15.15
Net Income From Continuing Operations
-17.52
-56.93%
-11.16
+44.75%
-20.21
-39.13%
-14.53
Depreciation Amortization Depletion
0.42
+34.52%
0.31
-14.36%
0.36
-2.69%
0.37
Depreciation
0.42
+34.52%
0.31
—
—
Depreciation And Amortization
0.42
+34.52%
0.31
-14.36%
0.36
-2.69%
0.37
Other Non Cash Items
10.55
+88.21%
5.61
+60.98%
3.48
-62.33%
9.25
Stock Based Compensation
0.13
-73.43%
0.48
-28.66%
0.67
-22.27%
0.86
Operating Gains Losses
-4.13
+8.48%
-4.52
-448.72%
-0.82
+92.97%
-11.70
Gain Loss On Investment Securities
-4.13
+10.44%
-4.62
-460.75%
-0.82
+92.97%
-11.70
Net Foreign Currency Exchange Gain Loss
—
—
—
—
Gain Loss On Sale Of PPE
0.00
-100.00%
0.10
0.00
—
Change In Working Capital
-0.25
+17.05%
-0.30
+78.52%
-1.42
-337.46%
0.60
Change In Receivables
0.23
+4.46%
0.22
+141.10%
-0.55
+16.92%
-0.66
Changes In Account Receivables
0.23
+4.46%
0.22
+141.10%
-0.55
+16.92%
-0.66
Change In Inventory
-0.19
-168.82%
0.28
-59.97%
0.70
+397.86%
0.14
Change In Payables And Accrued Expense
0.41
+164.86%
-0.63
+58.27%
-1.50
-217.37%
1.28
Change In Other Working Capital
-0.17
-686.36%
-0.02
-214.29%
-0.01
+92.71%
-0.10
Change In Other Current Assets
-0.53
-230.00%
-0.16
-146.15%
-0.07
+4.41%
-0.07
Investing Cash Flow
-0.09
-50.00%
-0.06
-118.18%
0.33
-97.76%
14.73
Cash Flow From Continuing Investing Activities
-0.09
-50.00%
-0.06
-118.18%
0.33
-97.76%
14.73
Net PPE Purchase And Sale
-0.09
-50.00%
-0.06
+59.73%
-0.15
-22.13%
-0.12
Purchase Of PPE
-0.09
-50.00%
-0.06
+59.73%
-0.15
-22.13%
-0.12
Sale Of PPE
—
—
—
—
Capital Expenditure
-0.09
-50.00%
-0.06
+75.81%
-0.25
-103.28%
-0.12
Net Investment Purchase And Sale
—
0.00
-100.00%
0.58
-96.11%
14.85
Purchase Of Investment
—
—
—
0.00
Sale Of Investment
—
0.00
-100.00%
0.58
-96.11%
14.85
Net Intangibles Purchase And Sale
—
0.00
+100.00%
-0.10
0.00
Purchase Of Intangibles
—
0.00
+100.00%
-0.10
0.00
Financing Cash Flow
6.94
-36.69%
10.96
+197.64%
3.68
-60.91%
9.42
Cash Flow From Continuing Financing Activities
6.94
-36.69%
10.96
+197.64%
3.68
-60.91%
9.42
Net Issuance Payments Of Debt
—
0.00
+100.00%
-0.03
-7.69%
-0.03
Repayment Of Debt
—
0.00
+100.00%
-0.03
-7.69%
-0.03
Long Term Debt Payments
—
0.00
+100.00%
-0.03
-7.69%
-0.03
Net Long Term Debt Issuance
—
0.00
+100.00%
-0.03
-7.69%
-0.03
Net Common Stock Issuance
6.94
-12.45%
7.93
+275.87%
2.11
-77.68%
9.45
Proceeds From Stock Option Exercised
0.00
-100.00%
2.53
+2011.67%
0.12
0.00
Changes In Cash
-3.96
-402.06%
1.31
+109.42%
-13.92
-254.68%
9.00
Effect Of Exchange Rate Changes
0.06
+443.75%
-0.02
-23.08%
-0.01
-85.71%
-0.01
Beginning Cash Position
5.09
+34.08%
3.80
-78.58%
17.74
+102.89%
8.74
End Cash Position
1.19
-76.64%
5.09
+34.08%
3.80
-78.58%
17.74
Free Cash Flow
-10.90
-12.94%
-9.65
+46.93%
-18.18
-19.08%
-15.27
Income Tax Paid Supplemental Data
0.01
+0.00%
0.01
-41.67%
0.01
+33.33%
0.01
Common Stock Issuance
6.94
-12.45%
7.93
+275.87%
2.11
-77.68%
9.45
Issuance Of Capital Stock
6.94
-17.66%
8.43
+134.70%
3.59
-62.00%
9.45
Net Preferred Stock Issuance
0.00
-100.00%
0.50
-66.19%
1.48
0.00
Preferred Stock Issuance
0.00
-100.00%
0.50
-66.19%
1.48
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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