Nephros FY2023 revenue up 43% to $14.2M; net loss narrows to $1.6M from $4.3M

NEPHROS INC

Full-year net revenue from continuing ops $14.2M, up 43% YoY; Q4 revenue $3.3M, up 27%.
Net loss from continuing ops improved 63% to ($1.6M) for FY2023 vs ($4.3M) in 2022.
Adjusted EBITDA loss from continuing ops narrowed to ($0.1M) for FY2023, an improvement of 97%.
Cash and cash equivalents $4.3M at Dec 31, 2023; company remains debt-free.
CEO cites regulatory tailwinds from new water safety standards like ASHRAE 514 driving growth.

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 fourth quarter and fiscal year ended December 31, 2023 results: revenue Net revenue from continuing operations was $14.2 million, net income Net loss from continuing operations was ($1.6 million).

Period: the fourth quarter and fiscal year ended December 31, 2023
Revenue: Net revenue from continuing operations was $14.2 million
Net income: Net loss from continuing operations was ($1.6 million)
Result: reported results

Exact text from the filing

Nephros Announces Fourth Quarter and Fiscal Year 2023 Financial Results Full-Year Net Revenue of $14.2 Million and Fourth-Quarter Net Revenue of $3.3 Million

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Source: SEC EDGAR

accession 0001493152-24-009216

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