4.94
+7.86%
Close of 9 Nov 2026, in USD
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About Nuwellis
From its filings with the US Securities and Exchange Commission
Nuwellis is based in Eden Prairie, Minnesota and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker NUWE. The SEC classifies its business as electromedical & electrotherapeutic apparatus. In the fiscal year to 31 December 2025, it reported revenue of $8.3m and a net loss of $17.5m. At that date it held total assets of $6.1m and shareholders' equity of $2.6m.
Nuwellis is dedicated to advancing cardiorenal care by enabling earlier, safer, and more controlled fluid management for patients. The company is focused on developing, manufacturing, and commercializing medical devices used in ultrafiltration therapy, including the Aquadex FlexFlow® and the Aquadex SmartFlow® systems (collectively the “Aquadex System”). The Aquadex SmartFlow® system is indicated for temporary (up to eight hours) or extended (longer than 8 hours in patients who require hospitalization) use in adult and pediatric patients weighing 20 kg or more whose fluid overload is unresponsive to medical management, including diuretics.
Please note that selected authors in the citations below are either current consultants to the Company or were previously compensated consultants. Each author typically is required to disclose any actual or potential conflicts of interest at the time they submitted their written manuscript to the potential publication. Dr. Sean Pinney for example, was the principal investigator under the Company’s former REVERSE-HF heart failure clinical study. Additionally, Dr. Maria Rosa Costanzo, joined the Company’s Board of Directors in September 2019, though many of her cited publications preceded her membership on the Board of Directors. She resigned from the Board of Directors on January 21, 2026, which was not the result of any disagreement with Nuwellis regarding its operations, policies, or practices. Since joining the Company’s Board, Dr.
Quoted from its 10-K, filed 11 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Health Care Equipment & Supplies
- Listed since
- 16 Feb 2012
- Employees
- 70
- Website
- nuwellis.com ↗
- Head office
- 12988 VALLEY VIEW ROAD, EDEN PRAIRIE, MN, 55344
- Incorporated in
- DE
- Classification
- Electromedical & Electrotherapeutic Apparatus
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. John ErbChairman of the Board, Interim President and Interim Chief Executive Officer, since 2012$49,300
- Mr. Robert ScottChief Financial Officer$269,956
- Mr. Neil AyotteSenior Vice President, General Counsel, Secretary and Chief Compliance Officer$306,987
- Mr. Michael MccormickLead Independent Director$72,607
- Dr. Maria CostanzoIndependent Director$41,084
- Dr. Archelle GeorgiouIndependent Director$56,399
- Mr. David McdonaldIndependent Director$54,345
- Mr. Gregory WallerIndependent Director$53,409
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- The company employs 70 full-time staff members.
- It operates as a specialized medical device firm.
- The Aquadex System targets fluid overload patients.
Weaknesses
- The firm has a small workforce of 70 people.
- It relies on a single product family for revenue.
- The market for ultrafiltration therapy is niche.
Opportunities
- The Aquadex SmartFlow serves pediatric patients over 20 kg.
- The system addresses patients unresponsive to diuretics.
- Extended use indications expand potential patient pools.
Threats
- Competitors may develop superior ultrafiltration technologies.
- Regulatory changes could impact device approvals.
- Healthcare cost pressures may limit adoption rates.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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