secwatch.observer — SEC 8-K summary
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Issuer:     NEPHROS INC (NEPH)
CIK:        0001196298
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001493152-24-018435
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1196298/000149315224018435/0001493152-24-018435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1196298/000149315224018435/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018435

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