secwatch.observer — SEC 8-K summary
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Issuer:     NEPHROS INC (NEPH)
CIK:        0001196298
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001493152-26-021734
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nephros Q1 net revenue up 7% to $5.2M; net income falls to $140K; tariffs hit margins
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- Net revenue $5.2M (+7% YoY); programmatic revenue up 23% YoY.
- Net income of $140K vs $558K in Q1 2025; adjusted EBITDA $206K vs $667K.
- Gross margin fell to 57% from 65%, pressured by ~$200K in tariffs and Euro strength.
- Commercial mix shift (ice machines, fountains) expands addressable market but lowers near-term margins.
- Cash $4.0M, no debt; conference call at 4:30pm ET today.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1196298/000149315226021734/0001493152-26-021734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1196298/000149315226021734/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-021734

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