Nuwellis, Inc.
For the period ended Mar 31, 2025. Filed May 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 13, 2025
NUWE$4.94+7.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts and weighted average shares outstanding)
| Three months ended March 31 | ||
|---|---|---|
| 2025 | 2024 | |
| Net sales | $1,904 | $1,857 |
| Cost of goods sold | 837 | 666 |
| Gross profit | 1,067 | 1,191 |
| Operating expenses: | ||
| Selling, general and administrative | 3,577 | 4,606 |
| Research and development | 550 | 1,334 |
| Total operating expenses | 4,127 | 5,940 |
| Loss from operations | (3,060) | (4,749) |
| Other income (expense), net | 7 | (101) |
| Change in fair value of warrant liability | 40 | 522 |
| Loss before income taxes | (3,013) | (4,328) |
| Income tax expense | (1) | (2) |
| Net loss | (3,014) | (4,330) |
| Deemed dividend attributable to Series J Convertible Preferred Stock | 1 | 541 |
| Net loss attributable to common shareholders | $(3,013) | $(3,789) |
| Basic and diluted loss per share | $(0.69) | $(24.11) |
| Weighted average shares outstanding – basic and diluted | 4,373,968 | 179,608 |
| Other comprehensive loss: | ||
| Net loss | $(3,014) | $(4,330) |
| Foreign currency translation adjustments | (2) | (9) |
| Total comprehensive loss | $(3,016) | $(4,339) |
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