{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-009262","form_type":"8-K","ticker":"NEPH","cik":"0001196298","company_name":"NEPHROS INC","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.724627+00:00","generated_at":"2026-05-22T03:15:33.758649+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Nephros Q1 2025 revenue $4.9M (+38% YoY), net income $558K, adjusted EBITDA $667K","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-009262","json":"https://secwatch.observer/filing/0001641172-25-009262.json","markdown":"https://secwatch.observer/filing/0001641172-25-009262.md","text":"https://secwatch.observer/filing/0001641172-25-009262.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1196298/000164117225009262/0001641172-25-009262-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1196298/000164117225009262/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T03:15:33.758649+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}