Microcap Ledger

Tickers · $NUWE

Nuwellis, Inc. $NUWE

By Microcap Ledger desk · CIK 0001506492

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Electromedical & Electrotherapeutic Apparatus
Headquarters
Eden Prairie, MN
Fiscal year end
December 31
Shares outstanding
3,647,264 [10-Q 2026-08-13]
as of 2026-08-10

Sources: [10-K 2026-03-11]

What the company doesAI summary of filing

Nuwellis develops, manufactures, and commercializes the Aquadex System, a medical device used for ultrafiltration therapy to remove excess fluid from patients with fluid overload who have not responded to diuretic medications. The company sells its products to hospitals and healthcare systems in the United States, generating revenue from three primary clinical markets: pediatrics, critical care, and heart failure. Nuwellis is revenue-generating, with approximately 40% of 2025 revenue from pediatric patients, 32% from critical care patients, and 17% from heart failure patients; the company also faces substantial doubt about its ability to continue as a going concern beyond the second quarter of 2026 without additional capital. [10-K 2026-03-11]

Segments: Aquadex FlexFlow System, Aquadex SmartFlow System, Vivian (pediatric CRRT device in development)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$4.37M−$9.37M −$6.29M$3.92M[10-Q 2026-08-13]
FY ended Dec 2025$8.27M−$17.52M −$10.81M$1.08M[10-K 2026-03-11]
FY ended Dec 2024$8.74M−$11.16M −$9.59M$5.09M[10-K 2026-03-11]
Quarterly cash burn
−$3.14M
Cash runway Estimate
~3.7 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-084,373,968[10-Q 2024-11-12]
2025-03-074,373,986[10-K 2025-03-11]
2025-05-094,373,968[10-Q 2025-05-13]
2025-08-08902,665[10-Q 2025-08-14]
2025-11-071,658,799[10-Q 2025-11-12]
2026-03-062,310,477[10-K 2026-03-11]
2026-05-112,680,752[10-Q 2026-05-15]
2026-08-103,647,264[10-Q 2026-08-13]
Shelf registration
S-3 filed 2026-08-18; declared effective 2026-08-26 [S-3 2026-08-18]

Listing status

Current status: 1 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2025-06-23. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2025-06-238-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-06-23]

More on deficiency notices and uplistings: Listing status desk.

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.