NASDAQ$NUWE

Nuwellis Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a 15% sequential increase in revenue and a decrease in operating expenses.

Nuwellis, Inc. reported a total revenue of $2.2 million for Q2 2022, representing a 15% increase compared to the previous quarter. The company's net loss was $4.3 million, and cash and cash equivalents totaled $15.3 million as of June 30, 2022.

  • Total revenue for Q2 2022 was $2.2 million, up 15% sequentially.
  • First patient enrolled in REVERSE-HF clinical trial.
  • Operating expenses decreased 14% compared to Q2 2021.
  • Gross margin was 48.0%, impacted by lower fixed overhead absorption and a non-cash inventory write-off.

Headline financials

Total Revenue

$2.21M

Previous: $2.51M-11.8%
EPS

-$0.41

Previous: -$0.72+43.1%
Capital Expenditures

-$81K

Previous: -$137K+40.9%
Free Cash Flow

-$4.37M

Previous: -$4.87M+10.3%
Net Income

-$4.29M

Previous: -$4.73M+9.4%
Operating Income

-$4.3M

Previous: -$4.73M+9.0%
Gross Profit

$1.06M

Previous: $1.51M-29.6%
Cash & Equivalents

$15.3M

Previous: $24M-36.0%
Total Assets

$22M

Previous: $29.6M-25.8%
Stock-Based Comp

$236K

Previous: $381K-38.1%

Revenue & EPS history

Nuwellis · Revenue · Quarterly

$2.21M

Q2 2022-11.8%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Nuwellis anticipates continued growth and strategic advancements for the remainder of 2022 and into 2023, focusing on making the Aquadex System the standard of care.

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 2022

Historical avgQ2 2022

-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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