Electromed Q3 FY2023 net revenue $12.1M (+19% YoY); diluted EPS $0.12

Electromed, Inc.

2023-Q3 EPS reported $0.25 revenue$34,455,000

Record quarterly net revenue of $12.1M, up 19% YoY; homecare revenue $11.0M (+21%).
Net income $1.1M ($0.12 diluted EPS) vs $645K ($0.07) a year ago, up 67%.
Operating income $1.2M, up 39% YoY; gross margin 75.0% vs 76.4%.
Cash balance $6.8M as of March 31, 2023; working capital $28.8M.
Launched next-gen SmartVest Clearway; field sales force 57, productivity within target $850K-$950K.

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