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Mar 31, 2021
Nuwellis Q1 2021 Earnings Report
Nuwellis, Inc. announced an 18 percent increase in revenue for the first quarter of 2021 and provided a company update.
Key Takeaways
Nuwellis, Inc. reported a revenue of $1.9 million for Q1 2021, an 18% increase compared to the prior year period. The company's net loss was $5.2 million, and it ended the quarter with $27.9 million in cash and no debt.
Completed corporate rebranding from CHF Solutions, Inc. to Nuwellis, Inc. on April 27, 2021.
Revenue for the first quarter ended March 31, 2021, was $1.9 million, an increase of 18 percent compared to the prior year period.
Increased Aquadex therapy utilization amongst strategic Critical Care accounts; highest levels seen in the past five quarters.
Ended the quarter with $27.9 million in cash and no debt.
Forward Guidance
The company is in a strong position to execute against its long-term strategic growth plan.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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