Electromed Q3 revenue $10.1M (+15.4% YoY); CFO MacCourt to resign, Wirtz as interim CFO

Electromed, Inc.

2022-Q3 EPS reported $0.22 revenue$30,390,000

Net income $0.6M ($0.07 diluted EPS) vs $0.2M ($0.03) in prior year quarter.
Gross margin 76.4% stable; cash $9.8M; repurchased 24,551 shares for $299k.
CFO Michael MacCourt resigns effective July 1, 2022; Michelle Wirtz appointed Interim CFO from June 1.
Christopher Holland hired as Chief Commercial Officer to lead growth initiatives.
Home care revenue per direct rep annualized at $943k, above $800-900k target range.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Michelle C. Wirtz

Interim Chief Financial Officer, Treasurer and Secretary

ELMD · Electromed, Inc.

Effective: 2022-06-01
Filed: May 10, 2022, 7:59 PM ET

we announced the selection of Michelle C. Wirtz to serve as the Company’s Interim Chief Financial Officer, Treasurer and Secretary, beginning June 1, 2022.

Departed

Michael J. MacCourt

Chief Financial Officer

ELMD · Electromed, Inc.

Effective: 2022-06-01
Successor: Michelle C. Wirtz
Filed: May 10, 2022, 7:59 PM ET

Michael J. MacCourt, our current Chief Financial Officer, notified us that he intends to resign his employment with Electromed, Inc. (the “Company”) on or about July 1, 2022 to pursue a new opportunity outside of corporate finance.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle C. Wirtz was appointed as Interim Chief Financial Officer, Treasurer and Secretary at Electromed, Inc..

Action: appointed
Role: Interim Chief Financial Officer, Treasurer and Secretary

Exact text from the filing

we announced the selection of Michelle C. Wirtz to serve as the Company’s Interim Chief Financial Officer, Treasurer and Secretary, beginning June 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. MacCourt resigned as Chief Financial Officer at Electromed, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Michael J. MacCourt, our current Chief Financial Officer, notified us that he intends to resign his employment with Electromed, Inc. (the “Company”) on or about July 1, 2022 to pursue a new opportunity outside of corporate finance.

View on SEC.gov

Electromed, Inc. filing history →

Source: SEC EDGAR

accession 0000897101-22-000481

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