Nephros preliminary Q1 net revenue $3.7M (+69% YoY); expects break-even cash flow from ops

NEPHROS INC

2024-Q1 EPS reported -$0.03 revenue$3,697,000

Net revenue approximately $3.7 million for Q1 2023, a 69% increase over Q1 2022.
Base revenue (excluding a large emergency order) expected to exceed $3.0 million, up about 40% YoY.
Expects cash flows from water filtration operations to be at least break-even in Q1; on track for consistent positive cash flows by mid-2023.
Ended Q1 with $3.8 million cash on a consolidated basis, compared to $3.6 million at Dec 31, 2022.
Full Q1 2023 results to be announced May 10, 2023 after market close.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NEPHROS INC reported the quarter ended March 31, 2023 results: revenue approximately $3.7 million.

Period: the quarter ended March 31, 2023
Revenue: approximately $3.7 million
Result: preliminary results

Exact text from the filing

Nephros Announces Preliminary Results for First Quarter 2023 Net Revenue of $3.7 Million, a 69% Year-Over-Year Increase

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Source: SEC EDGAR

accession 0001493152-23-010797

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