{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-28T15:37:31.573484+00:00","company":{"ticker":"NUWE","cik":1506492,"company_name":"Nuwellis, Inc."},"pagination":{"limit":100,"returned":56,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). 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common share.","evidence_excerpt":"Revenue for the fourth quarter of 2022 was $2.3 million, compared to $1.6 million in the prior-year period. Gross margin was 56.9% for the fourth quarter of 2022, compared to 54.4% in the prior-year period, an increase of 250 basis points, resulting from increased sales volume. Selling, general and administrative expenses for the fourth quarter of 2022 were $4.7 million, compared to $4.1 million in the prior-year period. The increase in SG&A was primarily due to higher professional service fees and variable compensation expense, balanced with continued spending vigilance. Fourth quarter research and development expenses were $1.2 million, compared to $1.1 million in the fourth quarter of 2021, reflecting a slight increase in product development expenses . 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(the “Company”), effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001140361-23-002022","anchor_url":"https://secwatch.observer/filing/0001140361-23-002022#claim-71d634fe7e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036123002022/0001140361-23-002022-index.htm"},{"fact_type":"earnings_release","fact_key":"1eb4a4a99badfe313d0eaa0af0ba1334039018cb","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2023-01-09T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the fourth quarter and full year 2022","report_date":"2023-01-09","result_type":"preliminary_results","revenue_text":"approximately $2.3 million and $8.5 million"},"claim":"Nuwellis, Inc. reported the fourth quarter and full year 2022 results: revenue approximately $2.3 million and $8.5 million.","evidence_excerpt":"preliminary unaudited results for fourth quarter and full year 2022. Preliminary unaudited revenue for the fourth quarter and full year 2022 is anticipated to be approximately $2.3 million and $8.5 million, respectively, representing an\n increase of 42% and 8% over the same periods last year. The fourth quarter growth rate reflects benefits from the Company’s","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001140361-23-000924","anchor_url":"https://secwatch.observer/filing/0001140361-23-000924#claim-1eb4a4a99badfe313d0eaa0af0ba1334039018cb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036123000924/0001140361-23-000924-index.htm"},{"fact_type":"shareholder_vote","fact_key":"c4a4fb5ae2bf2248f820674b34fb5dfff7614ffa","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2023-01-05T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-01-04","outcome":"passed","proposal_text":"To authorize one or more adjournments of the stockholder meeting to solicit additional proxies in the event there are insufficient votes to approve the Warrant Proposal","proposal_type":"other","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"97,477","votes_against":"1,746,660","votes_for":"1,971,645","votes_withheld":null}]},"claim":"Nuwellis, Inc. shareholders approved To authorize one or more adjournments of the stockholder meeting to solicit additional proxies in the event there are insufficient votes to approve the Warrant Proposal at the 2023-01-04 meeting.","evidence_excerpt":"Proposal 2 - To authorize one or more adjournments of the stockholder meeting to solicit additional proxies in the event there are insufficient votes to approve the Warrant Proposal. VOTES FOR VOTES AGAINST ABSTAIN BROKER NON-VOTES 1,971,645 1,746,660 97,477 N/A","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001140361-23-000530","anchor_url":"https://secwatch.observer/filing/0001140361-23-000530#claim-c4a4fb5ae2bf2248f820674b34fb5dfff7614ffa","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036123000530/0001140361-23-000530-index.htm"},{"fact_type":"shareholder_vote","fact_key":"1bda544855261d10247077d13a8b41ad838ac3ed","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2023-01-05T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-01-04","outcome":"passed","proposal_text":"To approve pursuant to Nasdaq Listing Rule 5635(d) and Nasdaq’s interpretations and guidance thereunder, the issuance of up to 66,226,752 shares of the Company’s common stock upon exercise of warrants issued in the October 2022 Underwritten Offering","proposal_type":"other","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"68,568","votes_against":"1,791,220","votes_for":"1,955,994","votes_withheld":null}]},"claim":"Nuwellis, Inc. shareholders approved To approve pursuant to Nasdaq Listing Rule 5635(d) and Nasdaq’s interpretations and guidance thereunder, the issuance of up to 66,226,752 shares of the Company’s common stock upon exercise of warrants issued in the October 2022 Underwritten Offering at the 2023-01-04 meeting.","evidence_excerpt":"Proposal 1 - To approve pursuant to Nasdaq Listing Rule 5635(d) and Nasdaq’s interpretations and guidance thereunder, the issuance of up to 66,226,752 shares of the Company’s common stock ( as the same is to be adjusted for the reverse stock split effectuated by the Company on December 9, 2022) upon the exercise of its warrants issued to investors in its underwritten offering that closed on October 18, 2022 (“ October 2022 Underwritten Offering ”) that may be equal to or exceed 20% of the Company’s common stock outstanding before the October 2022 Underwritten Offering (the “ Warrant Proposal ”). VOTES FOR VOTES AGAINST ABSTAIN BROKER NON-VOTES 1,955,994 1,791,220 68,568 N/A","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001140361-23-000530","anchor_url":"https://secwatch.observer/filing/0001140361-23-000530#claim-1bda544855261d10247077d13a8b41ad838ac3ed","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036123000530/0001140361-23-000530-index.htm"},{"fact_type":"material_agreement","fact_key":"62ffd1aa53cc7b46d1fac160bb9d68507241202e","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2022-12-29T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Distribution Agreement","agreement_type":"license","counterparty":"SeaStar Medical Holding Corporation","effective_date":"2022-12-27","item_codes_triggered":["1.01"],"value_text":"upfront payment, milestone payments upon achievement of certain milestones and royalties on gross sa"},"claim":"Nuwellis, Inc. entered into Distribution Agreement with SeaStar Medical Holding Corporation valued at upfront payment, milestone payments upon achievement of certain milestones and royalties on gross sa (effective 2022-12-27).","evidence_excerpt":"On December 27, 2022, Nuwellis, Inc. (the “ Company ”) entered into a license and distribution agreement (the “ Distribution Agreement ”) with SeaStar Medical Holding Corporation (“ SeaStar ”), pursuant to which SeaStar appointed the Company as its exclusive distributor for the sale and distribution of SeaStar’s Selective Cytopheretic Device (“ SCD ”) product throughout the United States following the receipt by SeaStar from the United States Food and Drug Administration (“ FDA ”) of a written authorization to market such product for pediatric use pursuant to the Humanitarian Device Exemption application submitted by SeaStar. Pursuant to the Distribution Agreement, SeaStar will receive an upfront payment, milestone payments upon achievement of certain milestones and royalties on gross sales of the SCD product.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001140361-22-047295","anchor_url":"https://secwatch.observer/filing/0001140361-22-047295#claim-62ffd1aa53cc7b46d1fac160bb9d68507241202e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036122047295/0001140361-22-047295-index.htm"},{"fact_type":"governance_change","fact_key":"72ab7d18f9818919d257ad0f30c51cf3930af2f1","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2022-12-09T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2022-12-09","item_codes_triggered":["5.03"],"summary_text":"Amended Certificate of Incorporation to effect a one-for-one hundred reverse stock split of common stock"},"claim":"Nuwellis, Inc.: Amended Certificate of Incorporation to effect a one-for-one hundred reverse stock split of common stock (effective 2022-12-09).","evidence_excerpt":"On December 9, 2022, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001140361-22-045030","anchor_url":"https://secwatch.observer/filing/0001140361-22-045030#claim-72ab7d18f9818919d257ad0f30c51cf3930af2f1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036122045030/0001140361-22-045030-index.htm"},{"fact_type":"shareholder_vote","fact_key":"15245fa3446d3b5854eddd30f3c0a6d5ec952d68","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2022-12-06T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2022-12-05","outcome":"passed","proposal_text":"To authorize one or more adjournments to solicit 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The Company will continue to monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available options,\n including but not limited to, implementing a reverse stock split of its outstanding securities, to regain compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001140361-22-043607","anchor_url":"https://secwatch.observer/filing/0001140361-22-043607#claim-b781dd17c9156ae19656dba83e0a73f766c70637","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036122043607/0001140361-22-043607-index.htm"},{"fact_type":"earnings_release","fact_key":"19dc4a85fae90a03a5700b5c822ca1a543844909","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2022-11-08T23:59:59+00:00","payload":{"eps_text":"$0.37 per basic and diluted common share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$3.9 million","period_text":"the three and nine months ended September 30, 2022","report_date":"2022-11-08","result_type":"reported_results","revenue_text":"$2.1 million"},"claim":"Nuwellis, Inc. reported the three and nine months ended September 30, 2022 results: revenue $2.1 million, net income $3.9 million, EPS $0.37 per basic and diluted common share.","evidence_excerpt":"the\n lives of people with fluid overload, today reported financial results for the third quarter ended September 30, 2022. Q3 Results and Recent Highlights: • Revenue of $2.1 million in the third quarter 2022, an 11% increase over the same year ago period • Gross margin of 61% was consistent with the same period last year • Activated three additional sites","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001140361-22-040374","anchor_url":"https://secwatch.observer/filing/0001140361-22-040374#claim-19dc4a85fae90a03a5700b5c822ca1a543844909","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036122040374/0001140361-22-040374-index.htm"},{"fact_type":"executive_change","fact_key":"b9ca2fc07b","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2022-10-05T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-10-24","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Lynn Blake was appointed as Chief Financial Officer at Nuwellis, Inc..","evidence_excerpt":"Effective October 24, 2022, Lynn Blake will be appointed as Chief Financial Officer of Nuwellis, Inc.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001140361-22-036290","anchor_url":"https://secwatch.observer/filing/0001140361-22-036290#claim-b9ca2fc07b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036122036290/0001140361-22-036290-index.htm"},{"fact_type":"executive_change","fact_key":"da3a6aa0fd","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2022-09-23T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-10-20","interim":true,"role":"interim Principal Accounting Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Rob Scott was appointed as interim Principal Accounting Officer at Nuwellis, Inc..","evidence_excerpt":"On September 22, 2022, the Board appointed Rob Scott as the Company’s interim Principal Accounting Officer, beginning on the Separation Date.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001140361-22-034526","anchor_url":"https://secwatch.observer/filing/0001140361-22-034526#claim-da3a6aa0fd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036122034526/0001140361-22-034526-index.htm"},{"fact_type":"executive_change","fact_key":"99571259e2","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2022-09-23T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-10-20","interim":true,"role":"interim Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Nestor Jaramillo, Jr. was appointed as interim Chief Financial Officer at Nuwellis, Inc..","evidence_excerpt":"On September 22, 2022, the Board of Directors of the Company (the “ Board ”) appointed Nestor Jaramillo, Jr., the Company's President and Chief Executive Officer, beginning on the Separation Date, as the interim Chief Financial Officer and the interim Principal Financial Officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001140361-22-034526","anchor_url":"https://secwatch.observer/filing/0001140361-22-034526#claim-99571259e2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036122034526/0001140361-22-034526-index.htm"},{"fact_type":"executive_change","fact_key":"516e84a0fb","cik":1506492,"ticker":"NUWE","company_name":"Nuwellis, Inc.","filed_at":"2022-09-23T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2022-10-20","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":"Nestor Jaramillo, Jr.","successor_named":true},"claim":"George Montague resigned as Chief Financial Officer at Nuwellis, Inc..","evidence_excerpt":"On September 19, 2022, George Montague notified Nuwellis, Inc., a Delaware corporation (the “ Company ”) of his decision to resign as the Chief Financial Officer of the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001140361-22-034526","anchor_url":"https://secwatch.observer/filing/0001140361-22-034526#claim-516e84a0fb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1506492/000114036122034526/0001140361-22-034526-index.htm"}]}