Q1 2026 Nuwellis Inc Earnings Call Transcript

May 12, 2026 / 01:00 PM GMT

Release Date Price: $36.05 (-0.96%)

Transcript 10-Q8-K

Key Points

Positve

Revenue for the first quarter increased by 26% year-over-year, driven by stronger console and circuit sales.
Gross margin improved to 70.1%, reflecting better pricing, product mix, and transition to contract manufacturing.
The company completed a strategic acquisition of RendiaTek, enhancing its product development portfolio with automated kidney function monitoring capabilities.
Pediatrics now represents approximately 50% of total U.S. revenue, with an expanded footprint in 47 centers nationwide.
The appointment of experienced leaders, including a new CFO and board members, strengthens the company's leadership and governance.

Negative

Operating expenses increased to approximately $6 million, up from $4.1 million in the prior-year quarter, due to higher sales headcount and compensation.
Net loss attributable to common shareholders was approximately $4.3 million for the first quarter.
The company had cash and restricted cash equivalents of only $2.2 million as of March 31, 2026, indicating limited liquidity.
The integration of RendiaTek's technology is still in development, with no immediate introduction to the U.S. market until 2027.
Despite revenue growth, the company is still in the early stages of executing its strategic plan, with more work ahead to achieve consistent execution.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NUWE.OQ - Nuwellis Inc
Q1 2026 Nuwellis Inc Earnings Call
May 12, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Please stand by, your program is about to begin.

Good morning and welcome to Newellis Earnings Conference Call for the first quarter ended March 31st, 2026. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press the star then one on your telephone keypad. To withdraw your question, press star then two. Participants on this call are advised that the audio of this conference call is being broadcast live over the internet and is also being recorded for playback purposes. A replay of this call will be available approximately one

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