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Nuwellis (NUWE) investor relations material
Nuwellis Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenue was $1.7 million, a 21% year-over-year decline due to a temporary industry-wide sterilization vendor issue causing backorders and lower circuit sales.
The backorder was resolved in July, and inventory levels are being rebuilt in preparation for a manufacturing transition to KDI Precision Manufacturing.
Strategic focus is on pediatrics, cardiac surgery, and outpatient heart failure, with pediatrics and outpatient heart failure showing the most growth potential.
The REVERSE HF clinical trial was terminated to reallocate $4 million in resources to higher-impact growth areas and to focus on U.S. markets.
The company regained Nasdaq compliance after a one-for-forty-two reverse stock split and appointed John L. Erb as CEO and President.
Financial highlights
Q2 2025 revenue/net sales were $1.7 million, down from $2.2 million in Q2 2024, with six-month sales at $3.6 million.
Gross margin declined to 55.5% from 67.2% year-over-year, mainly due to lower production volumes.
Operating loss increased to $2.9 million from $2.3 million in Q2 2024.
Net loss attributable to common shareholders was $12.6 million, or $60.99 per share, compared to $7.7 million, or $791.22–$791.82 per share, in Q2 2024.
Ended the quarter with $4.5 million in cash and cash equivalents, and no debt.
Outlook and guidance
Focused on achieving cash flow positivity and delivering on commercial targets in pediatrics, cardiac surgery, and outpatient heart failure.
Manufacturing transition to KDI Precision Manufacturing planned for October, expected to yield operational efficiencies and cost savings.
Existing capital resources expected to support operations into Q4 2025; additional capital will be sought.
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