Nephros Q2 2023 revenue $3.5M (+24% YoY); net loss narrows to $0.4M

NEPHROS INC

2023-Q2 EPS reported -$0.07 revenue$7,242,000

Net revenue $3.5M, up 24% from $2.9M in Q2 2022.
Net loss from continuing ops narrowed to $0.4M from $0.7M; adjusted EBITDA loss $0.2M vs $0.4M.
Gross margins improved to 59% from 49%; active customer sites up 6% to 1,427.
Cash and equivalents $4.1M as of June 30, 2023; maintained positive cash flow.
Cost of goods sold flat at $1.5M; SG&A increased to $2.2M from $1.9M.

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 0.95

NEPHROS INC reported the second quarter ended June 30, 2023 results: revenue $3.5 million, net income $0.4 million.

Period: the second quarter ended June 30, 2023
Revenue: $3.5 million
Net income: $0.4 million
Result: reported results

Exact text from the filing

Exhibit 99.1 Nephros, Inc. 380 Lackawanna Place South 201 343 5202 nephros.com Nephros Announces Results for Quarter Ended June 30, 2023 Second-Quarter Net Revenue of $3.5 Million, a 24% Increase Over 2022; Year-to-Date Revenue Increases 45%; Maintains Positive Cash Flow Results SOUTH ORANGE, NJ, August 9, 2023 – Nephros, Inc. (Nasdaq: NEPH), a leading

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Source: SEC EDGAR

accession 0001493152-23-027357

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