secwatch.observer — SEC 8-K summary
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Issuer:     Electromed, Inc. (ELMD)
CIK:        0001488917
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0000897101-23-000086
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Electromed reports record Q2 revenue of $11.7M (+15% YoY); CEO Skarvan to retire July 1, 2023
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- Q2 FY2023 net revenue of $11.7M (record), up 15% YoY; net income of $977k ($0.11 diluted) vs $838k ($0.10).
- Homecare revenue up 14% to $10.7M; operating income $1.3M vs $1.1M.
- CEO Kathleen Skarvan to retire on/about July 1, 2023; will become Board Chair; search for successor underway.
- Cash $6.9M; next-gen SmartVest Clearway FDA-cleared; Brad Nagel appointed CFO in Nov 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488917/000089710123000086/0000897101-23-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488917/000089710123000086/elmd230175_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-23-000086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer