---
schema_version: "secwatch.filing_event.v1"
accession: "0000897101-24-000162"
form_type: "8-K"
ticker: "ELMD"
cik: "0001488917"
company_name: "Electromed, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:41:49.868688+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Electromed reports record Q3 revenue of $13.9M, up 15% YoY; net income $0.17 diluted EPS vs $0.12

## Summary
- Revenue rose 14.9% YoY to a record $13.9M; net income $1.493M ($0.17 diluted) vs $1.075M ($0.12).
- Operating income increased 54% to $1.841M (13% of revenue); gross margin held at 75%.
- Direct homecare revenue grew 12% to $12.3M; 51 direct sales reps; annualized revenue per rep $969K above target range.
- Cash balance $11.7M, up $4.3M in nine months; no debt; working capital $35.0M.

## SEC filing metadata
- accession: 0000897101-24-000162
- form_type: 8-K
- ticker: ELMD
- cik: 0001488917
- company_name: Electromed, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1488917/000089710124000162/0000897101-24-000162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488917/000089710124000162/elmd240513_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-24-000162
- JSON: https://secwatch.observer/filing/0000897101-24-000162.json
- Plain text: https://secwatch.observer/filing/0000897101-24-000162.txt

## Key facts
- Earnings Releases
  Electromed, Inc. reported the three months ended March 31, 2024 results: revenue $13.9 million, net income $1,493,000, EPS $0.17 per diluted share.
  - Period: the three months ended March 31, 2024
  - Revenue: $13.9 million
  - Net income: $1,493,000
  - EPS: $0.17 per diluted share
  - Result: reported results
  source text: Net revenues increased 15% to a record $13.9 million in Q3 FY 2024, from $12.1 million in the third quarter of the prior fiscal year. ● Gross margins were 75% of net revenues in the third quarters of both the current and prior fiscal years. ● Operating income increased by 54% to $1,841,000 or 13% of revenue, compared with $1,196,000 or 10% of revenue in the third quarter of the prior fiscal year. ● Net income was $1,493,000 for the quarter, or $0.17 per diluted share, compared to $1,075,000, or $0.12 per diluted share in the third quarter of the prior fiscal year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488917/000089710124000162/0000897101-24-000162-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.