secwatch.observer — SEC 8-K summary
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Issuer:     NEPHROS INC (NEPH)
CIK:        0001196298
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001493152-22-012079
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1196298/000149315222012079/0001493152-22-012079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1196298/000149315222012079/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-012079

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