{"schema_version":"secwatch.filing_event.v1","accession":"0001161697-24-000335","form_type":"8-K","ticker":"KRMD","cik":"0000704440","company_name":"KORU Medical Systems, Inc.","filed_at":"2024-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.639568+00:00","generated_at":"2026-05-31T11:56:54.517226+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KORU Medical Q2 revenue record $8.4M, up 22%; raises FY2024 guidance","bullets":["Q2 net revenues of $8.4M, a 22% YoY increase; core business grew 20% driven by SCIg market growth and share gains.","Gross margin expanded to 65% from 56.1% YoY, a 890bps improvement; gross profit up 41% to $5.5M.","Net loss improved to $1.0M ($0.02 per share) from $2.5M loss ($0.05 per share) in Q2 2023; adjusted EBITDA loss narrowed to $0.4M.","Raised FY2024 revenue guidance to $32.0-$32.5M (12-14% growth) and gross margin guidance to 61-62%.","Cash balance $10.5M; quarterly cash usage $0.3M; reaffirmed cash flow breakeven in Q4 2024 and positive cash in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001161697-24-000335","json":"https://secwatch.observer/filing/0001161697-24-000335.json","markdown":"https://secwatch.observer/filing/0001161697-24-000335.md","text":"https://secwatch.observer/filing/0001161697-24-000335.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/704440/000116169724000335/0001161697-24-000335-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/704440/000116169724000335/form_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T11:56:54.517226+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}