NUWELLIS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.3M | $8.7M | $8.9M | $8.5M | $7.9M | $7.4M | $5.5M | $5.0M |
| Cost of Revenue | $3.1M | $3.1M | $3.9M | $3.8M | $3.4M | $3.4M | $2.7M | $3.7M |
| Gross Profit | $5.1M | $5.7M | $5.0M | $4.8M | $4.5M | $4.1M | $2.9M | $1.3M |
| Gross Margin | 62.0% | 64.9% | 56.2% | 55.7% | 56.7% | 54.5% | 51.7% | 26.6% |
| Operating Expenses | ||||||||
| Research & Development | $2.7M | $3.2M | $5.4M | $4.3M | $5.0M | $3.7M | $4.7M | $3.1M |
| SG&A Expense | $13.5M | $13.5M | $17.2M | $17.6M | $19.0M | $17.4M | $16.3M | $15.3M |
| Operating Income | $-11.1M | $-11.0M | $-17.6M | $-17.2M | $-19.5M | $-17.0M | $-18.1M | $-17.0M |
| Operating Margin | -134.3% | -125.7% | -198.9% | -201.0% | -246.5% | -228.8% | -328.5% | -340.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-17.5M | $-11.2M | $-20.2M | $-14.5M | $-19.5M | $-15.8M | $-18.1M | $-17.0M |
| Income Tax Expense | $5.0K | $5.0K | $8.0K | $9.0K | $9.0K | $9.0K | $8.0K | $6.0K |
| Net Income | $-17.5M | $-11.2M | $-20.2M | $-14.5M | $-19.6M | $-15.8M | $-18.1M | $-17.0M |
| Net Margin | -211.9% | -127.7% | -228.0% | -170.0% | -246.9% | -212.8% | -328.7% | -340.8% |
| EPS (Basic) | $-25.39 | $-16.06 | $-16.37 | $-3.80 | $-4.32 | $-0.16 | $-4.23 | $-0.64 |
| EPS (Diluted) | $-25.39 | $-16.06 | $-16.37 | $-3.80 | $-4.32 | $-0.16 | $-4.23 | $-0.64 |
| Shares Outstanding (Basic) | 690.1K | 695.2K | 1.2M | 3.8M | 4.6M | 108.8M | 10.3M | 33.9M |
| Shares Outstanding (Diluted) | 690.1K | 695.2K | 1.2M | 3.8M | 4.6M | 108.8M | 10.3M | 33.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |