Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29M | $3.55M | $5.00M | $5.51M | $7.44M | $7.92M | $8.54M | $8.86M | $8.74M | $8.27M |
| Revenue growth | — | 175.6% | 40.7% | 10.3% | 35.0% | 6.5% | 7.9% | 3.8% | -1.4% | -5.4% |
| Gross profit | — | — | — | — | $4.06M | $4.49M | $4.75M | $4.98M | $5.68M | $5.12M |
| Gross margin | — | — | — | — | 54.5% | 56.7% | 55.7% | 56.2% | 64.9% | 62.0% |
| Operating income | -$15.7M | -$14.8M | -$17.0M | -$18.1M | -$17.0M | -$19.5M | -$17.2M | -$17.6M | -$11.0M | -$11.1M |
| Operating margin | -1215.1% | -416.9% | -340.9% | -328.5% | -228.8% | -246.5% | -201.0% | -198.9% | -125.7% | -134.3% |
| Net income | -$15.8M | -$13.4M | -$17.0M | -$18.1M | -$15.8M | -$19.6M | -$14.5M | -$20.2M | -$11.2M | -$17.5M |
| Net margin | -1225.1% | -376.6% | -340.8% | -328.7% | -212.8% | -246.9% | -170.0% | -228.0% | -127.7% | -211.9% |
| EPS (diluted) | -$536.12 | -$525.01 | -$42.14 | -$278.90 | -$10.67 | -$285.36 | -$83.55 | -$360.06 | -$353.30 | -$25.39 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$16.3M | -$11.9M | -$14.6M | -$16.4M | -$16.6M | -$17.8M | -$15.1M | -$17.9M | -$9.59M | -$10.8M |
| Capital expenditures | $117K | $259K | $198K | $490K | $298K | $219K | $122K | $149K | $60.0K | $90.0K |
| Free cash flow | -$16.4M | -$12.2M | -$14.8M | -$16.9M | -$16.9M | -$18.1M | -$15.3M | -$18.1M | -$9.65M | -$10.9M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.32M | $15.6M | $5.48M | $1.28M | $14.4M | $8.74M | $17.7M | $3.80M | $5.09M | $1.08M |
| Total assets | $7.47M | $18.5M | $8.78M | $5.60M | $20.0M | $30.4M | $24.7M | $9.77M | $9.86M | $6.12M |
| Total liabilities | $5.23M | $2.22M | $2.84M | $3.61M | $3.69M | $4.47M | $12.3M | $6.56M | $3.33M | $3.49M |
| Shareholders' equity | $1.76M | $16.2M | $5.94M | $1.99M | $16.3M | $25.9M | $12.4M | $2.99M | $6.53M | $2.62M |
| Retained earnings | -$169M | -$182M | -$199M | -$218M | -$233M | -$253M | -$267M | -$288M | -$299M | -$316M |
| Shares (wtd avg diluted) | 38.9B | 271K | 513K | 156K | 1.65M | 69.0B | 174K | 56.1B | 31.6B | 690K |
Every figure is extracted from Nuwellis, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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