Nuwellis, Inc. (NUWE) Reports Q4 Loss of $5.00/sh
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Nuwellis, Inc. Announces Fourth Quarter and Full Year 2022 Financial Results
February 28, 2023 8:00 AM ESTMINNEAPOLIS, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company focused on transforming the lives of people with fluid overload, today reported financial results for the fourth quarter and full year ended December 31, 2022.
Revenue of $2.3 million for the fourth quarter 2022, a 42% increase over the prior-year period. Full year revenue of $8.5 million, an 8% increase over 2021.Gross margin of 56.9% in the fourth quarter 2022, an increase of 250 basis points from the same period last year. Full year 2022 gross... More