Nephros posts Q3 net income of $0.2M, first profitable quarter; revenue $3.5M

NEPHROS INC

2024-Q3 EPS reported -$0.03 revenue$10,292,000

Net revenue $3.5M, down 6% YoY but up 8% from Q2 2024.
Net income $0.2M vs net loss $0.2M in Q3 2023; first profitable quarter.
Adjusted EBITDA $295K vs $11K; gross margin improved to 61% from 59%.
Cash $2.5M as of Sep 30, 2024, down from $4.3M at Dec 31, 2023.
CEO cites South Central region underperformance and slower ordering from large accounts.

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