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Nuwellis Announces Pricing of $2.7 Million Public Offering

Stocks Financing Agreements

MINNEAPOLIS, April 26, 2024 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE) (“Nuwellis” or the “Company”), a medical technology company focused on transforming the lives of people with fluid overload, today announced the pricing of a public offering of 11,250,000 shares of its common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to an aggregate of 16,875,000 shares of its common stock at a combined public offering price $0.24 per share (or pre-funded warrant in lieu thereof) and associated warrant. Each share of common stock (or prefunded warrant in lieu thereof) is being sold together with one warrant to purchase one and a half shares of common stock. The warrants will have an exercise price of $0.40 per share, are exercisable immediately upon issuance, and will expire five years following the date of issuance.

GlobeNewswire Inc. • 26/04/2024 à 15:17:00
Nuwellis, Inc. Common Stock
Address: 12988 VALLEY VIEW ROAD
Postal Code: 55344
City: EDEN PRAIRIE
State: MN
Phone Number: 952-345-4200
Website: https://www.nuwellis.com
Status: Active
Company Info

Nuwellis Inc is a medical device company. Its solutions includes Aquadex Smartflow System and RenalSense Clarity RMS. The Aquadex Smartflow System removes excess fluid from patients suffering from fluid overload who have not responded to medical management, including diuretics. Clarity RMS is a kidney monitoring system that continuously measures urine output and flows, automatically displaying real-time data to the medical staff.

List Date2012-02-16
MarketStocks
LocalUS
Primary ExchangeXNAS
TypeCS
Currency NameUSD
CIK0001506492
Composite figiBBG000QVFRH8
Share Class figiBBG001SNT6T0
Market Cap1,224,260 USD
SIC Code3845
SIC DescriptionELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
Total Employees59
Share Class Shares Outstanding6800000
Weighted Shares Outstanding6801443
Round Lot100
Updated date2024-05-05
Stats
Last 5 days
7-05
6-05
3-05
2-05
1-05
Last
0.245
0.175
0.177
0.215
0.143
Variance
38.42%
-1.69%
-21.33%
53.57%
-2.05%
Open
0.177
0.178
0.225
0.14
0.146
Highest
0.363
0.19
0.23
0.259
0.156
Lowest
0.35
0.19
0.227
0.253
0.156
History
PeriodVarhighestlowest
1 week
67.12%
0.156
0.156
1 month
-40.2%
0.513
0.156
3 month
-45.63%
0.469999
0.156
6 month
-63.31%
0.6799
0.156
1 year
-94.58%
4.59
0.156
3 year
-99.95%
461
0.156
5 year
-99.95%
528.58
0.156
10 year
-99.95%
528.58
0.156
Stock Financials
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-09 2023-08-08 2023-11-07 2024-03-11
Assets 18,479,000 15,553,000 11,432,000 9,770,000
Current Assets 16,610,000 13,748,000 9,638,000 8,209,000
Current Liabilities 4,107,000 3,825,000 2,992,000 3,172,000
Equity 13,664,000 11,074,000 7,839,000 2,990,000
Equity Attributable To Noncontrolling Interest 0 0 0 0
Equity Attributable To Parent 13,664,000 11,074,000 7,839,000 2,990,000
Liabilities 4,815,000 4,479,000 3,593,000 6,559,000
Liabilities And Equity 18,479,000 15,553,000 11,432,000 9,770,000
Noncurrent Assets 1,869,000 1,805,000 1,794,000 1,561,000
Noncurrent Liabilities 708,000 654,000 601,000 3,387,000
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-09 2023-08-08 2023-11-07 2024-03-11
Exchange Gains/Losses -7,000 1,000 0 -13,000
Net Cash Flow -6,222,000 -2,619,000 -3,966,000 -13,937,000
Net Cash Flow, Continuing -6,215,000 -2,620,000 -3,966,000 -13,924,000
Net Cash Flow From Financing Activities -11,000 2,119,000 -20,000 3,683,000
Net Cash Flow From Financing Activities, Continuing -11,000 2,119,000 -20,000 3,683,000
Net Cash Flow From Investing Activities -98,000 513,000 -121,000 330,000
Net Cash Flow From Investing Activities, Continuing -98,000 513,000 -121,000 330,000
Net Cash Flow From Operating Activities -6,106,000 -5,252,000 -3,825,000 -17,937,000
Net Cash Flow From Operating Activities, Continuing -6,106,000 -5,252,000 -3,825,000 -17,937,000
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-09 2023-08-08 2023-11-07 2024-03-11
Comprehensive Income/Loss -6,486,000 -4,844,000 -3,370,000 -20,278,000
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Comprehensive Income/Loss Attributable To Parent -6,486,000 -4,844,000 -3,370,000 -20,278,000
Other Comprehensive Income/Loss -6,486,000 -4,844,000 -3,370,000 -20,278,000
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-09 2023-08-08 2023-11-07 2024-03-11
Basic Earnings Per Share -6 -4 -2 -12
Benefits Costs and Expenses 8,309,000 6,918,000 5,780,000 29,065,000
Cost Of Revenue 759,000 928,000 1,031,000 3,881,000
Costs And Expenses 8,309,000 6,918,000 5,780,000 29,065,000
Diluted Earnings Per Share -6 -4 -2 -12
Gross Profit 1,067,000 1,147,000 1,381,000 4,983,000
Income/Loss From Continuing Operations After Tax -6,485,000 -4,845,000 -3,370,000 -20,209,000
Income/Loss From Continuing Operations Before Tax -6,483,000 -4,843,000 -3,368,000 -20,201,000
Income Tax Expense/Benefit 2,000 2,000 2,000 8,000
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss -6,485,000 -4,845,000 -3,370,000 -20,209,000
Net Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Net Income/Loss Attributable To Parent -6,485,000 -4,845,000 -3,370,000 -20,209,000
Net Income/Loss Available To Common Stockholders, Basic -6,485,000 -4,845,000 -3,370,000 -22,627,000
Operating Expenses 6,918,000 6,169,000 4,545,000 22,613,000
Operating Income/Loss -5,851,000 -5,022,000 -3,164,000 -17,630,000
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 2,300,000
Preferred Stock Dividends And Other Adjustments 0 0 0 2,300,000
Revenues 1,826,000 2,075,000 2,412,000 8,864,000
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-12 2022-08-11 2022-11-08 2023-03-03
Assets 26,107,000 21,998,000 18,437,000 24,673,000
Current Assets 23,895,000 19,920,000 16,440,000 22,769,000
Current Liabilities 3,392,000 3,459,000 3,611,000 4,688,000
Equity 21,713,000 17,664,000 14,016,000 12,357,000
Equity Attributable To Noncontrolling Interest 0 0 0 0
Equity Attributable To Parent 21,713,000 17,664,000 14,016,000 12,357,000
Liabilities 4,394,000 4,334,000 4,421,000 12,316,000
Liabilities And Equity 26,107,000 21,998,000 18,437,000 24,673,000
Noncurrent Assets 2,212,000 2,078,000 1,997,000 1,904,000
Noncurrent Liabilities 0 0 810,000 7,628,000
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-12 2022-08-11 2022-11-08 2023-03-03
Exchange Gains/Losses -2,000 1,000 2,000 -7,000
Net Cash Flow -4,905,000 -3,955,000 -3,292,000 8,995,000
Net Cash Flow, Continuing -4,903,000 -3,956,000 -3,294,000 9,002,000
Net Cash Flow From Financing Activities -6,000 -7,000 -15,000 9,423,000
Net Cash Flow From Financing Activities, Continuing -6,000 -7,000 -15,000 9,423,000
Net Cash Flow From Investing Activities -70,000 -11,000 -22,000 14,728,000
Net Cash Flow From Investing Activities, Continuing -70,000 -11,000 -22,000 14,728,000
Net Cash Flow From Operating Activities -4,827,000 -3,938,000 -3,257,000 -15,149,000
Net Cash Flow From Operating Activities, Continuing -4,827,000 -3,938,000 -3,257,000 -15,149,000
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-12 2022-08-11 2022-11-08 2023-03-03
Comprehensive Income/Loss -4,473,000 -4,286,000 -3,868,000 -14,452,000
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Comprehensive Income/Loss Attributable To Parent -4,475,000 -4,285,000 -3,868,000 -14,452,000
Other Comprehensive Income/Loss 0 0 -3,868,000 -14,452,000
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-12 2022-08-11 2022-11-08 2023-03-03
Basic Earnings Per Share 0 0 0 -84
Benefits Costs and Expenses 6,397,000 6,497,000 5,933,000 23,059,000
Cost Of Revenue 824,000 1,150,000 806,000 3,788,000
Costs And Expenses 6,397,000 6,497,000 5,933,000 23,059,000
Diluted Earnings Per Share 0 0 0 -84
Gross Profit 1,102,000 1,063,000 1,259,000 4,755,000
Income/Loss From Continuing Operations After Tax -4,473,000 -4,286,000 -3,870,000 -14,525,000
Income/Loss From Continuing Operations Before Tax -4,471,000 -4,284,000 -3,868,000 -14,516,000
Income Tax Expense/Benefit 2,000 2,000 2,000 9,000
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss -4,473,000 -4,286,000 -3,870,000 -14,525,000
Net Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Net Income/Loss Attributable To Parent -4,473,000 -4,286,000 -3,870,000 -14,525,000
Net Income/Loss Available To Common Stockholders, Basic -4,473,000 -4,286,000 -3,870,000 -14,525,000
Operating Expenses 5,518,000 5,364,000 5,179,000 21,926,000
Operating Income/Loss -4,416,000 -4,301,000 -3,920,000 -17,171,000
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 0
Preferred Stock Dividends And Other Adjustments 0 0 0 0
Revenues 1,926,000 2,213,000 2,065,000 8,543,000
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-12 2021-11-10 2022-03-03
Assets UNPUB 29,640,000 34,095,000 30,417,000
Current Assets UNPUB 28,224,000 32,725,000 28,126,000
Current Liabilities UNPUB 3,603,000 3,795,000 3,307,000
Equity UNPUB 25,996,000 29,981,000 25,947,000
Equity Attributable To Noncontrolling Interest UNPUB 0 0 0
Equity Attributable To Parent UNPUB 25,996,000 29,981,000 25,947,000
Liabilities UNPUB 3,644,000 4,114,000 4,470,000
Liabilities And Equity UNPUB 29,640,000 34,095,000 30,417,000
Noncurrent Assets UNPUB 1,416,000 1,370,000 2,291,000
Noncurrent Liabilities UNPUB 0 319,000 1,163,000
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-12 2021-11-10 2022-03-03
Exchange Gains/Losses UNPUB 0 0 -4,000
Net Cash Flow UNPUB -3,915,000 4,453,000 9,768,000
Net Cash Flow, Continuing UNPUB -3,915,000 4,453,000 9,772,000
Net Cash Flow From Financing Activities UNPUB -14,000 8,993,000 27,871,000
Net Cash Flow From Financing Activities, Continuing UNPUB -14,000 8,993,000 27,871,000
Net Cash Flow From Investing Activities UNPUB -81,000 -54,000 -219,000
Net Cash Flow From Investing Activities, Continuing UNPUB -81,000 -54,000 -219,000
Net Cash Flow From Operating Activities UNPUB -3,820,000 -4,486,000 -17,880,000
Net Cash Flow From Operating Activities, Continuing UNPUB -3,820,000 -4,486,000 -17,880,000
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-12 2021-11-10 2022-03-03
Comprehensive Income/Loss UNPUB -4,731,000 -5,272,000 -19,582,000
Comprehensive Income/Loss Attributable To Noncontrolling Interest UNPUB 0 0 0
Comprehensive Income/Loss Attributable To Parent UNPUB -4,731,000 -5,272,000 -19,582,000
Other Comprehensive Income/Loss UNPUB 0 -5,272,000 -19,582,000
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-12 2021-11-10 2022-03-03
Basic Earnings Per Share UNPUB -1 -1 -3
Benefits Costs and Expenses UNPUB 7,236,000 7,123,000 27,490,000
Cost Of Revenue UNPUB 997,000 733,000 3,430,000
Costs And Expenses UNPUB 7,236,000 7,123,000 27,490,000
Diluted Earnings Per Share UNPUB -1 -1 -3
Gross Profit UNPUB 1,511,000 1,120,000 4,491,000
Income/Loss From Continuing Operations After Tax UNPUB -4,731,000 -5,272,000 -19,578,000
Income/Loss From Continuing Operations Before Tax UNPUB -4,728,000 -5,270,000 -19,569,000
Income Tax Expense/Benefit UNPUB 3,000 2,000 9,000
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss UNPUB -4,731,000 -5,272,000 -19,578,000
Net Income/Loss Attributable To Noncontrolling Interest UNPUB 0 0 0
Net Income/Loss Attributable To Parent UNPUB -4,731,000 -5,272,000 -19,578,000
Net Income/Loss Available To Common Stockholders, Basic UNPUB -4,731,000 -5,272,000 -19,653,000
Operating Expenses UNPUB 6,237,000 6,371,000 24,017,000
Operating Income/Loss UNPUB -4,726,000 -5,251,000 -19,526,000
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic UNPUB 0 0 75,000
Preferred Stock Dividends And Other Adjustments UNPUB 0 0 75,000
Revenues UNPUB 2,508,000 1,853,000 7,921,000
Calendar
7 May 2024 (Time UTC) Actual Previous Consensus
16:30
United States
MAY 03
509000.000
4906000.000
-1430000.000
16:30
United States
MAY 03
★★
15:00
United States
MAR
6270000000.000
15020000000.000
14800000000.000
15:00
United States
MAR
13:00
United States
4.605
4.548
★★
12:00
United States
★★
11:30
United States
10:00
United States
MAY
41.800
43.200
44.100
09:00
United States
MAY
40.000
08:55
United States
MAY 03
6.000
5.500
07:55
United States
MAY 03
6 May 2024 (Time UTC) Actual Previous Consensus
★★
14:00
United States
Q1
★★
13:00
United States
★★
13:00
United States
Q1
12:50
United States
News Stream
Stocks Earnings Releases and Operating Results
MINNEAPOLIS, May 07, 2024 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company focused on transforming the lives of people with fluid overload, today reported financial results for the first quarter ended March 31, 2024.
GlobeNewswire Inc. • 13h ago
Calendar Calendar of Events
MINNEAPOLIS, April 30, 2024 (GLOBE NEWSWIRE) --  Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company focused on transforming the lives of people with fluid overload, today announced that it will release financial results for the first quarter of 2024 on Tuesday, May 7, 2024. Nuwellis will host a conference call and webcast at 9:00 AM ET to discuss its financial results and provide a general business update.
GlobeNewswire Inc. • 1w ago
Stocks Financing Agreements
MINNEAPOLIS, April 26, 2024 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE) (“Nuwellis” or the “Company”), a medical technology company focused on transforming the lives of people with fluid overload, today announced the pricing of a public offering of 11,250,000 shares of its common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to an aggregate of 16,875,000 shares of its common stock at a combined public offering price $0.24 per share (or pre-funded warrant in lieu thereof) and associated warrant. Each share of common stock (or prefunded warrant in lieu thereof) is being sold together with one warrant to purchase one and a half shares of common stock. The warrants will have an exercise price of $0.40 per share, are exercisable immediately upon issuance, and will expire five years following the date of issuance.
GlobeNewswire Inc. • 1w ago
Health Health
- Analysis demonstrates the statistically superior benefits of ultrafiltration therapy in heart failure events and heart failure hospitalizations compared to intravenous loop diuretics- Artificial intelligence and machine learning-based model show that lifestyle and clinical factors can be strong predictors of heart failure events
GlobeNewswire Inc. • 2mo ago
News Conference Calls/ Webcasts
MINNEAPOLIS, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company focused on transforming the lives of people with fluid overload, today announced that it will release financial results for the fourth quarter and full year of 2023 on Tuesday, March 5, 2024. Nuwellis will host a conference call and webcast at 9:00 AM ET to discuss its financial results and provide a general business update.
GlobeNewswire Inc. • 2mo ago
Stocks Financing Agreements
MINNEAPOLIS, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE) today announced that, effective February 20, 2024, the Company’s independent directors approved equity awards under Nuwellis’ 2021 Inducement Plan, as material inducements to two individuals entering into employment with the Company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder-approved equity plan.
GlobeNewswire Inc. • 2mo ago
Health Health
Nuwellis to share three presentations highlighting the company’s Aquadex SmartFlow system Nuwellis to share three presentations highlighting the company’s Aquadex SmartFlow system
GlobeNewswire Inc. • 2mo ago
News Product / Services Announcement
Specialty catheter provides alternative peripheral access for ultrafiltration therapy across a greater range of patient physiologies Specialty catheter provides alternative peripheral access for ultrafiltration therapy across a greater range of patient physiologies
GlobeNewswire Inc. • 4mo ago
Stocks Changes in company's own shares
MINNEAPOLIS, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE) today announced that, effective November 14, 2023, the Company’s independent directors approved equity awards under Nuwellis’ 2021 Inducement Plan, as material inducements to five individuals entering into employment with the Company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder-approved equity plan.
GlobeNewswire Inc. • 5mo ago
News News
Nuwellis, Inc. (NUWE) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Zacks Investment Research • 5mo ago
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