•
Dec 31, 2019
Nuwellis Q4 2019 Earnings Report
CHF Solutions reported a decrease in revenue and a net loss for Q4 2019.
Key Takeaways
CHF Solutions, Inc. reported a revenue of $1.4 million for the fourth quarter ended December 31, 2019, which is a decrease of 8.8 percent compared to Q4 2018. The company's net loss for the quarter was $4.448 million, and it ended the year with $1.3 million in cash and no debt.
Received FDA 510(k) clearance and CE Mark in the EU for Aquadex SmartFlowâ„¢.
Expanded commercial presence in Europe with distribution arrangement for Germany, Austria and Switzerland.
Presented clinical data at the American Society of Kidney Week.
Completed sales force realignment to increase focus on cardiac surgery and eventually pediatrics.