Nephros Q1 2025 revenue $4.9M (+38% YoY), net income $558K, adjusted EBITDA $667K

NEPHROS INC

2025-Q1 EPS reported $0.05 revenue$4,877,000

Net revenue $4.9M, up 38% from $3.5M in Q1 2024; core programmatic revenue grew 23%.
Net income of $558,000 vs net loss of ($169,000) in Q1 2024; adjusted EBITDA $667,000 vs ($95,000).
Gross margin improved to 65% from 62%; record active sites of 1,600.
Cash and equivalents $4.1M, debt-free.
Management notes Q1 included elevated emergency business not expected to persist; tariff uncertainties but strong positioning.

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