Electromed Q2 FY2024 revenue record $13.7M (+17% YoY), EPS $0.19 vs $0.11

Electromed, Inc.

2024-Q2 EPS reported $0.21 revenue$26,013,000

Net revenue increased 17% to record $13.7M; direct homecare revenue up 18% to $12.7M.
Gross margins improved to 77% from 74%; operating income record $2.263M (16.5% of revenue).
Diluted EPS $0.19 vs $0.11; net income record $1.674M.
Cash $10.4M, no debt; annualized homecare revenue per rep $1,007,000 above target range.
Field sales force totaled 58, with 49 direct sales representatives.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Electromed, Inc. reported Q2 FY 2024 results: revenue $13.7 million, net income $1,674,000, EPS $0.19 per diluted share.

Period: Q2 FY 2024
Revenue: $13.7 million
Net income: $1,674,000
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

Electromed, Inc. (“Electromed” or the “Company”) (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced financial results for the three months ended December 31, 2023 (“Q2 FY 2024”). Q2 FY 2024 Financial Highlights ● Net revenue increased 17% to a record $13.7 million in Q2 FY 2024, from $11.7 million in the second quarter of the prior fiscal year. ● Gross margins were 77% of revenue, compared to 74% in the second quarter of the prior fiscal year. ● Operating income was a record $2,263,000 or 16.5% of revenue, compared with $1,274,000 or 10.9% of revenue in the second quarter of the prior fiscal year. ● Net income was a record $1,674,000 for the quarter, or $0.19 per diluted share, compared to $977,000, or $0.11 per diluted share in the second quarter of the prior fiscal year.

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Source: SEC EDGAR

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