earnings
confidence high
sentiment positive
materiality 0.75
Nephros prelim Q2 revenue $2.9M, up 27% YoY; expects positive net cash flow in 12 months
NEPHROS INC
2023-Q2 EPS reported
-$0.31
revenue$5,071,000
- Q2 2022 preliminary net revenue ~$2.9M, a 27% increase from $2.3M in Q2 2021.
- Active customer sites grew 21% YoY to 1,349, adding 232 sites in trailing 12 months.
- Expense management plan includes headcount reductions and facility consolidations; company projects positive net cash flow within 12 months.
- Ended Q2 with approximately $4.2M in cash on a consolidated basis.