NASDAQ$NUWE

Nuwellis Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Nuwellis achieved record quarterly revenues with strong sequential growth across all segments.

Nuwellis, Inc. reported a record quarterly revenue of $2.5 million for the second quarter of 2021, a 35% increase compared to the prior year period. The company ended the quarter with $24.0 million in cash and no debt.

  • Reported record quarterly revenue of $2.5 million, a 35 percent increase compared to the prior year period
  • Realized strong sequential growth across all customer markets and recorded the sixth consecutive quarter with double-digit revenue growth vs. prior year
  • Received Category III CPT code for the use of therapeutic ultrafiltration, effective January 1, 2022
  • Ended the quarter with $24.0 million in cash and no debt

Headline financials

Total Revenue

$2.51M

Previous: $1.86M+34.6%
EPS

-$0.72

Previous: -$3.50+79.4%
Gross Margin

60.2%

No prior period
Capital Expenditures

-$137K

Previous: -$69K-98.6%
Free Cash Flow

-$4.87M

Previous: -$3.99M-22.0%
Net Income

-$4.73M

Previous: -$3.92M-20.6%
Operating Income

-$4.73M

Previous: -$3.92M-20.6%
Gross Profit

$1.51M

Previous: $1.2M+26.0%
Cash & Equivalents

$24M

Previous: $7.82M+206.6%
Total Assets

$29.6M

Previous: $13.1M+125.5%
Stock-Based Comp

$381K

Previous: $347K+9.8%

Revenue & EPS history

Nuwellis · Revenue · Quarterly

$2.51M

Q2 2021+34.6%vs Q2 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The Company expects quarterly revenue to continue increasing sequentially for the remainder of 2021 as it continues to build its commercial presence and seeks to increase utilization of Aquadex therapy. This outlook includes several assumptions, including no significant change in utilization or procedure volumes associated with COVID-19 resurgences.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-5.5%

Avg return

Earnings day

-10.5%

Avg return

5 days after

-16.7%

Avg return

30 days after

28%

15 / 54 earnings

Positive

+51.9%

Q1 2024

Best reaction

-29.9%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-5.0%
Q4 2025+2.4%-2.3%-16.3%
Q3 2025-3.4%-11.9%-18.0%
Q2 2025+0.4%+8.4%-24.0%
Q1 2025-3.1%-5.1%-68.7%
Q4 2024-4.0%-7.9%-25.4%
Q3 2024+6.6%-0.6%-28.2%
Q2 2024-14.3%-30.2%-46.4%
Q1 2024+51.9%+47.1%+29.4%
Q4 2023-20.7%-18.3%-36.7%
Q3 2023-10.0%-12.9%-14.3%
Q2 2023-5.1%-3.0%-22.2%
Q1 2023-29.9%-37.8%-34.6%
Q4 2022-5.1%-6.5%-41.2%
Q3 2022-19.6%-16.7%-50.0%
Q2 2022-6.5%-4.2%+23.9%
Q1 2022+1.0%+2.9%-7.4%
Q4 2021-1.2%-6.1%+2.0%
Q3 2021-17.0%-13.2%-33.3%
Q2 2021+9.6%+7.9%+3.0%
Q1 2021-14.6%-8.9%+6.6%
Q4 2020+5.7%-6.2%-21.3%
Q3 2020-7.8%-7.0%+14.1%
Q2 2020-16.0%-32.0%-68.0%
Q1 2020-9.6%-14.6%+2.4%
Q4 2019-28.8%-33.9%-29.0%
Q3 2019-15.0%-23.0%-16.0%
Q2 2019-1.2%+2.0%+0.4%
Q1 2019-13.3%-13.3%-24.9%
Q4 2018-12.6%-25.6%-69.8%
Q3 2018+2.8%+4.7%-21.7%
Q2 2018-26.4%-37.4%-23.9%
Q1 2018-17.1%-18.8%-23.3%
Q4 2017-15.5%-25.7%-21.0%
Q3 2017-12.8%-15.6%-47.3%
Q2 2017-4.0%-13.3%-6.7%
Q1 2017-9.5%-1.4%-9.5%
Q4 2016-5.3%-12.0%-58.0%
Q3 2016-5.0%-5.0%+190.0%
Q2 2016-14.9%-16.0%-17.0%
Q1 2016+1.5%
Q4 2015-15.9%
Q3 2015-1.2%
Q2 2015+0.7%
Q1 2015-3.5%
Q4 2014-0.2%
Q3 2014-17.5%
Q2 2014+23.9%
Q1 2014+3.2%
Q4 2013+2.1%
Q1 2013+6.2%
Q4 2012+2.6%
Q2 2012-7.6%
Q4 2011+0.0%
Q3 2011

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