Loading...
•
Dec 31, 2021
Nuwellis Q4 2021 Earnings Report
Nuwellis reported a decrease in revenue and net loss for the fourth quarter of 2021, while also highlighting progress in strategic initiatives and adaptability amid market challenges.
Key Takeaways
Nuwellis, Inc. reported a revenue of $1.6 million for Q4 2021, a 19.6% decrease compared to the prior year period. The net loss for the quarter was $4.4 million, compared to a net loss of $3.1 million in the prior year period. The company ended the year with $24.2 million in cash and cash equivalents and no debt.
Total revenue for Q4 2021 was $1.6 million, a 19.6% decrease year-over-year.
Full year 2021 revenue reached $7.9 million, a 6.5% increase compared to the prior year.
Net loss for Q4 2021 was $4.4 million, compared to a net loss of $3.1 million in the prior year period, impacted by a one-time foreign currency translation gain in the prior year.
The company ended 2021 with approximately $24.2 million in cash and no debt.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...