earnings
confidence high
sentiment neutral
materiality 0.55
Nephros Q2 revenue up 27% to $2.9M; net loss flat at $1.1M
NEPHROS INC
2023-Q2 EPS reported
-$0.31
revenue$5,071,000
- Net revenue $2.9M (+27% YoY); water filtration segment $2.8M (+30% YoY).
- Net loss $1.1M flat YoY; Adjusted EBITDA ($0.7M) vs ($0.8M) prior year.
- Active Customer Sites hit record 1,349 (+21% YoY, +6% QoQ).
- Gross margin fell to 47% from 56%; cost of goods sold rose 54%.
- Targeting positive cash flow by mid-2023 via price increases, headcount cuts, SKU reduction.