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Home » Nuwellis rises on Street-beating Q1

Nuwellis rises on Street-beating Q1

May 10, 2022 By Sean Whooley

Nuwellis Formerly CHF SolutionsNuwellis (Nasdaq:NUWE) shares ticked up today on first-quarter results that topped the consensus forecast.

The Minneapolis-based fluid overload treatment developer — formerly known as CHF Solutions — posted losses of $4.5 million, or 42¢ per share, on sales of more than $1.9 million for the three months ended March 31, 2022, for a bottom-line from losses of more than $5.2 million this time last year on sales growth of 0.4%.

Nuwellis’ losses per share of 42¢ came in 4¢ ahead of projections on Wall Street, where analysts were looking for sales of just shy of $1.8 million.

“I am very pleased with the resilient performance in the quarter,” Nuwellis CEO Nestor Jaramillo said in a news release. “Going forward, we expect to continue benefiting from the successful execution of our strategy and rollout of our new sales management system.”

Nuwellis did not provide 2022 guidance.

NUWE shares were up 7.7% at 75¢ per share in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was unchanged.

Filed Under: Blood Management, Business/Financial News, Featured, MassDevice Earnings Roundup, Vascular, Wall Street Beat Tagged With: Nuwellis

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About Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at [email protected].

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