Nuwellis, Inc.

Nuwellis, Inc. reported a net loss of $17.5 million for fiscal year 2025, driven by a loss from operations of $11.1 million and significant financing expenses of $10.6 million. The company generated $8.3 million in net sales, resulting in a gross profit of $5.1 million, but this was offset by high operating expenses totaling $16.2 million, primarily from selling, general and administrative costs of $13.5 million. The company's cash position decreased by $3.9 million during the year, ending with $3.8 million in cash, cash equivalents and restricted cash, despite raising $6.9 million from financing activities including stock offerings. The balance sheet shows total assets of $6.1 million against total liabilities of $3.5 million, with stockholders' equity of $2.6 million.

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