Nephros reports first annual net income; Q4 revenue up 19% YoY to $3.9M

NEPHROS INC

Net income of $74K for FY2024 vs net loss of $1.6M in 2023; first annual profit in company history.
Q4 net revenue $3.9M (+19% YoY); full-year revenue flat at $14.2M with core programmatic up 9% offset by emergency decline.
Gross margin improved to 62% for year (vs 59%) due to better supplier terms; SG&A down 14%.
Added nearly 600 new customer sites (~$2M sales); launched 20" HydraGuard Ultrafilter for sterile processing market.

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