Nephros Q1 revenue down 5% to $3.5M; net loss narrows to $0.2M

NEPHROS INC

2024-Q1 EPS reported -$0.02 revenue$3,522,000

Net revenue $3.5M, down 5% YoY, but programmatic (recurring non-ER) business grew 12% YoY.
Net loss improved to $0.2M from $0.3M loss in Q1 2023.
Gross margin expanded to 62% from 57%, driven by lower shipping costs and better supplier terms.
Adjusted EBITDA fell to ($95,000) from $147,000; cash decreased to $3.6M.
Launched online filter tracker; exploring nano/microplastic filtration capabilities.

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 0.98

NEPHROS INC reported first quarter ended March 31, 2024 results: revenue $3.5 million, net income Net loss of $0.2 million.

Period: first quarter ended March 31, 2024
Revenue: $3.5 million
Net income: Net loss of $0.2 million
Result: reported results

Exact text from the filing

Nephros Announces Financial Results for Quarter Ended March 31, 2024 First-Quarter Net Revenue of $3.5 Million

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Source: SEC EDGAR

accession 0001493152-24-018435

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