Nuwellis reports Q1 GAAP EPS of -$2.09, missing expectations, while revenue grows 26% year-over-year to $2.4M.
Nuwellis posted a Q1 GAAP loss per share of -$2.09, missing estimates by $1.09. Revenue reached $2.4M, up 26.3% year-over-year and exceeding expectations by $0.31M.
The company’s gross margin improved to 70.1%, driven by better pricing, product mix, and a shift to contract manufacturing. As of March 31, 2026, Nuwellis held approximately $2.2 million in cash and equivalents with no debt.
Market reaction details were not disclosed in the release.