Nuwellis, Inc.

NasdaqCM:NUWE Stock Report

Market Cap: US$264.8k

Nuwellis Management

Management criteria checks 2/4

Nuwellis' CEO is Mike McCormick, appointed in Jun 2026, has a tenure of less than a year. directly owns 0.004% of the company’s shares, worth $9.45. The average tenure of the management team and the board of directors is 1.3 years and 8.3 years respectively.

Key information

Mike McCormick

Chief executive officer

US$167.1k

Total compensation

CEO salary percentagen/a
CEO tenureless than a year
CEO ownership0.004%
Management average tenure1.3yrs
Board average tenure8.3yrs

Recent management updates

Recent updates

Seeking Alpha • Oct 19

Nuwellis hires Lynn Blake as CFO

Nuwellis (NASDAQ:NUWE) has appointed Lynn Blake as Chief Financial Officer, effective October 19, 2022. Ms. Blake brings more than two decades of senior financial leadership experience, having served as a Managing Director at Growth Operators Advisory Services most recently. Shares are up 1% premarket
Seeking Alpha • Aug 31

Nuwellis surges 90% on positive data from Postoperative Coronary Artery Bypass Grafting treatment

Nuwellis (NASDAQ:NUWE) surged 90% premarket after the company announced clinical data supporting the use of ultrafiltration with the Aquadex FlexFlow System in high-risk postoperative coronary artery bypass grafting patients. A total of 254 coronary artery bypass grafting procedures were performed during the period, and ultrafiltration was used in 17 patients, the company said. The 30-day survival rate of patients treated with ultrafiltration was 100%. The company recently announced the first patient enrolled in its REVERSE-HF clinical study, which is evaluating the clinical outcomes and economic value of its Aquadex ultrafiltration therapy in comparison to intravenous diuretics for the treatment of fluid overload in patients with worsening heart failure.
Seeking Alpha • Aug 08

Nuwellis Q2 2022 Earnings Preview

Nuwellis (NASDAQ:NUWE) is scheduled to announce Q2 earnings results on Tuesday, August 9th, before market open. The consensus EPS Estimate is -$0.43 (+40.3% Y/Y) and the consensus Revenue Estimate is $2.12M (-15.2% Y/Y). Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward. Revenue estimates have seen 1 upward revision and 0 downward.

CEO

Mike McCormick (64 yo)

less than a year
Tenure
US$167,140
Compensation

Mr. Michael Kendrick McCormick, also known as Mike, is President, CEO & Director of Nuwellis, Inc. from June 30, 2026. Mr. McCormick served as Lead Independent Director of Nuwellis, Inc. since June 01, 202...

Leadership Team

NamePositionTenureCompensationOwnership
Michael McCormick
Presidentless than a yearUS$167.14k0.0036%
$ 9.5
Neil Ayotte
Senior VP5.1yrsUS$350.92k0.0012%
$ 3.2
Carisa Schultz
CFO, Principal Financial Officer & Principal Accounting Officerless than a yearno datano data
Kim Anderson
Vice President of Operations1.2yrsno datano data
David Lerner
Chief Technology Officerno datano datano data
Leah McMullen
Director of Communicationsno datano datano data
Betsy Riemenschneider
Vice President of Sales1.5yrsno datano data
Paul Wotta
Corporate Controller14.6yrsno datano data
1.3yrs
Average Tenure
63.5yo
Average Age

Experienced Management: NUWE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Michael McCormick
Presidentless than a yearUS$167.14k0.0036%
$ 9.5
John Erb
Chairman13.8yrsUS$375.20k1.29%
$ 3.4k
Gregory Waller
Independent Director14.9yrsUS$79.97k0.052%
$ 138.6
Maria Costanzo
Member of Medical Advisory Boardno dataUS$50.00kno data
Archelle Georgiou
Independent Director2.7yrsUS$70.75k0.052%
$ 138.6
Steven Coca
Member of Medical Advisory Boardno datano datano data
Daniel Beckles
Member of Medical Advisory Boardno datano datano data
Maria DeVita
Member of Medical Advisory Boardno datano datano data
Aroti Hegde
Member of Medical Advisory Boardno datano datano data
Sitaramesh Emani
Member of Medical Advisory Boardno datano datano data
Brian Jaski
Member of Medical Advisory Boardno datano datano data
Amir Kazory
Member of Medical Advisory Boardno datano datano data
8.3yrs
Average Tenure
71yo
Average Age

Experienced Board: NUWE's board of directors are considered experienced (8.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/04 01:02
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nuwellis, Inc. is covered by 10 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jan WaldBenchmark Company
Sean LavinBTIG
Jason MillsCanaccord Genuity