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Jun 30, 2020
Nuwellis Q2 2020 Earnings Report
Announced a 14 Percent Increase in Revenue for Second Quarter 2020 Over Previous Quarter
Key Takeaways
CHF Solutions, Inc. reported a revenue of $1.9 million for the second quarter ended June 30, 2020, representing an 11% increase compared to the same period last year and a 14% increase from the first quarter of 2020. The company ended the quarter with $7.8 million in cash and no debt.
Revenue for the second quarter ended June 30, 2020, was $1.9 million, an increase of 14 percent from the first quarter of 2020 and 11 percent compared to the same period of the prior year.
Hosted two physician-led webinars on treatment of critically ill, COVID-19 patients.
Announced partnership for a pediatric registry.
Ended the quarter with $7.8 million in cash and no debt.
Nuwellis
Nuwellis
Forward Guidance
The company remains optimistic about the value they can bring to their customers and investors, despite uncertainty for the rest of the year.