secwatch.observer — SEC 8-K summary
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Issuer:     Nuwellis, Inc. (NUWE)
CIK:        0001506492
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001140361-24-045016
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuwellis reports preliminary Q3 revenue ~$2.4M, gross margin 70%, cash $1.9M
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- Revenue of approximately $2.4 million; pediatric category grew 28% YoY.
- Gross margin improved to 70% from 57.3% YoY; operating costs fell ~30%.
- Cash used in ops ~$2.5M; cash and equivalents ~$1.9M at quarter end.
- SeaStar settlement: $900K aggregate due by Dec 31, 2024; ~$500K received.
- Full Q3 results and earnings call scheduled for November 11, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506492/000114036124045016/0001140361-24-045016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506492/000114036124045016/ef20037953_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer