earnings
confidence high
sentiment positive
materiality 0.70
Nephros reports preliminary Q2 2021 revenue $2.2M (+40% YoY); submits HDF product for FDA 510(k) clearance
NEPHROS INC
- Preliminary Q2 2021 net revenue ~$2.2M, >40% year-over-year increase.
- Six-month revenue >$5M, up 20% vs same periods in 2020 and 2019.
- Subsidiary SRP submitted HDF Assist Module for FDA 510(k) clearance; commercial launch planned at limited dialysis clinics.
- Pathogen Detection Systems segment generated >$50k in Q2 from on-site testing services.
- Consolidated cash at quarter end ~$8.3M.