Nuwellis, Inc. (NUWE) financial statements (2022 and earlier)

Company profile

Business Address 12988 VALLEY VIEW ROAD
EDEN PRAIRIE, MN 55344
State of Incorp. DE
Fiscal Year End December 31
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,20514,4371,2795,48015,5951,32323,113
Cash and cash equivalents24,20514,4371,2795,48015,5951,32323,113
Receivables750905799786545282 
Inventory, net of allowances, customer advances and progress billings2,8432,9571,7971,6581,588677 
Inventory2,8432,9571,7971,6581,588677 
Other current assets328237161203136137539
Total current assets:28,12618,5364,0368,12717,8642,41923,652
Noncurrent Assets
Operating lease, right-of-use asset1,082255442
Property, plant and equipment1,1881,200991536570540535
Intangible assets, net (including goodwill)    3,7624,491 
Goodwill     189 
Intangible assets, net (excluding goodwill)    3,7624,302 
Other undisclosed noncurrent assets2121133113(3,741)21383
Total noncurrent assets:2,2911,4761,5666495915,052918
TOTAL ASSETS:30,41720,0125,6028,77618,4557,47124,570
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0783,2893,0802,6311,8833,2604,200
Accounts payable1,4141,0971,4881,1338622,3512,832
Employee-related liabilities1,6642,1921,5921,4981,0219091,368
Debt2624186   3,858
Other liabilities366685209208  
Other undisclosed current liabilities167206     
Total current liabilities:3,3073,5853,3512,8402,0913,2608,058
Noncurrent Liabilities
Long-term debt and lease obligation984109261    
Finance lease, liability2854 
Operating lease, liability95655261
Liabilities, other than long-term debt179   126126400
Other liabilities179   126126400
Other undisclosed noncurrent liabilities (55)   1,8433,941
Total noncurrent liabilities:1,163109261 1261,9694,341
Total liabilities:4,4703,6943,6122,8402,2175,22912,399
Temporary equity, carrying amount     485 
Stockholders' equity
Stockholders' equity attributable to parent25,94716,3181,9905,93616,2381,75712,171
Common stock1     2
Additional paid in capital278,873249,663218,278204,101197,367169,496164,105
Accumulated other comprehensive income (loss)(11)(7)1,2141,2231,2271,2351,246
Accumulated deficit(252,916)(233,338)(217,502)(199,388)(182,356)(168,974)(153,182)
Total stockholders' equity:25,94716,3181,9905,93616,2381,75712,171
TOTAL LIABILITIES AND EQUITY:30,41720,0125,6028,77618,4557,47124,570

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,9217,4415,5114,9983,5531,28959
Revenue, net3,5531,28959
Cost of revenue(3,430)(4,546)(2,660)(3,670)(2,763)(713) 
Cost of goods and services sold(3,430)(3,384)(2,660)(3,670)(2,763)(713) 
Gross profit:4,4912,8952,8511,32879057659
Operating expenses(24,017)(19,923)(20,957)(22,034)(18,365)(16,951)(26,017)
Other undisclosed operating income   3,6702,763713 
Operating loss:(19,526)(17,028)(18,106)(17,036)(14,812)(15,662)(25,958)
Nonoperating income (expense)(43)1,201 101,4362(749)
Foreign currency transaction gain, before tax 1,202     
Other nonoperating income (expense)(43)(1) 101,436(184)(6)
Interest and debt expense     (504)(743)
Other undisclosed income from continuing operations before equity method investments, income taxes      743
Loss from continuing operations before equity method investments, income taxes:(19,569)(15,827)(18,106)(17,026)(13,376)(16,164)(26,707)
Other undisclosed income from continuing operations before income taxes     318 
Loss from continuing operations before income taxes:(19,569)(15,827)(18,106)(17,026)(13,376)(15,846)(26,707)
Income tax expense (benefit)(9)(9)(8)(6)(6)54124
Net loss attributable to parent:(19,578)(15,836)(18,114)(17,032)(13,382)(15,792)(26,583)
Preferred stock dividends and other adjustments(75)(1,757)(4,509) (11,590)  
Net loss available to common stockholders, diluted:(19,653)(17,593)(22,623)(17,032)(24,972)(15,792)(26,583)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(19,578)(15,836)(18,114)(17,032)(13,382)(15,792)(26,583)
Comprehensive loss:(19,578)(15,836)(18,114)(17,032)(13,382)(15,792)(26,583)
Other undisclosed comprehensive loss, net of tax, attributable to parent(4)(1,221)(9)(4)(8)(11)(26)
Comprehensive loss, net of tax, attributable to parent:(19,582)(17,057)(18,123)(17,036)(13,390)(15,803)(26,609)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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