The revenue beat is positive but the significant EPS miss and increasing cash burn raise concerns about the company's path to profitability. The recent equity offering provides near-term liquidity but dilutes existing shareholders. Monitor the company's cash runway and upcoming milestones for the Rendiatech acquisition.
Price Chart
Executive Summary
Nuwellis reported Q1 2026 revenue of $2.4M (beat consensus of $2.1M by 14%) but EPS of -$2.09 significantly missed the -$1.00 consensus. Gross margin improved to 70.1%, but operating expenses rose 47% and net loss widened to $4.3M. Cash balance stood at $2.2M following a $4.4M equity offering.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $2.4M, up 26% YoY, above $2.1M consensus
- GAAP EPS -$2.09 vs consensus -$1.00 (miss by 109%)
- Gross margin 70.1%, up from 56.0% a year ago
- Net loss $4.3M vs $3.0M in prior-year quarter
- Operating expenses $6.0M, up 47% YoY
- Cash and cash equivalents $2.2M, no debt
- Completed acquisition of Rendiatech and appointed new CFO
- Raised $4.4M net from stock offering in the quarter
Financial Impact
EPS miss of -$1.09 vs consensus (-109%) and revenue beat of $0.3M (+14%)
Risk Factors
- Cash burn rate may require additional financing
- Dilution from recent equity offering
- Low market cap and limited analyst coverage
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292743 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $0.3221 | awaiting T+20 | — | $3.07 (+851.69%) |
Sep 18, 2026 5w ago | SC 13G/A | $0.8700 $0.5600 | ▼ −35.63% | ▼ −34.72% | $3.07 (+252.34%) |
Sep 17, 2026 5w ago | Press Release | $1.09 $0.5532 | ▲ +49.25% | ▲ +50.45% | $3.07 (−181.23%) |
Aug 27, 2026 8w ago | EFFECT | $0.9900 $0.7915 | ▲ +20.05% | ▲ +19.95% | $3.07 (−209.64%) |
Aug 25, 2026 8w ago | 8-K | $1.01 $0.8700 | ▼ −13.86% | ▼ −15.06% | $3.07 (+203.50%) |
Aug 13, 2026 10w ago | Press Release | $1.30 $0.7740 | ▲ +40.46% | ▲ +38.71% | $3.07 (−135.80%) |
Aug 3, 2026 12w ago | 424B5 | $1.61 $0.7925 | ▲ +50.78% | ▲ +52.01% | $3.07 (−90.40%) |
Jul 31, 2026 12w ago | Press Release | $1.74 $0.8889 | ▲ +48.91% | ▲ +51.90% | $3.07 (−76.17%) |
Jun 16, 2026 18w ago | Press Release | $0.1350 $0.0840 | ▼ −37.78% | ▼ −37.83% | $3.07 (+2170.67%) |
Jun 10, 2026 19w ago | 8-K | $0.1520 $0.0869 | ▲ +42.86% | ▲ +46.93% | $3.07 (−1916.71%) |
US Market Status
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