Nephros Q1 revenue falls 20% YoY to $2.2M; withdraws 2022 guidance

NEPHROS INC

Net loss of $2.0M vs $0.5M in Q1 2021; adjusted EBITDA -$1.5M.
Active customer sites rose 17% YoY to 1,276, a record.
Gross margin dropped to 47% from 58% due to higher shipping costs and inflation.
Cash and cash equivalents at $5.4M as of March 31, 2022.
Company withdrawing 2022 revenue guidance citing higher volatility in recovery.

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