Highest-materiality recent filing
Electromed posts record Q3 FY2026 revenue $18.6M (+18% YoY); EPS $0.35 (+59%)
Net revenue $18.6M (+18.4% YoY); homecare revenue $16.7M (+18.6%) driven by 57 direct sales reps.
Electromed reports record Q2 FY2026: revenue up 16.3% to $18.9M, EPS $0.32 vs $0.22 YoY
Net revenue record $18.9M (+16.3% YoY); homecare revenue up 18.4% to $17.3M.
Electromed enters $10M revolving credit facility with BMO Bank N.A., maturing December 2026
$10M revolving line of credit at 1-month Term SOFR plus 1.75%, maturing December 16, 2026.
Electromed shareholders elect all eight director nominees and ratify RSM as auditor
All eight director nominees elected with >95% of votes cast; broker non-votes ~1.4M.
Electromed Q1 FY2026 revenue up 15% to $16.9M; EPS $0.25 vs $0.16
Net revenues of $16.9M (+15.1% YoY); net income of $2.1M (+44.9%); diluted EPS $0.25 (vs $0.16).
Electromed authorizes $10M share repurchase program
Board authorized up to $10M in common stock repurchases on Sept 9, 2025.
Electromed posts record Q4 revenue $17.4M (+17%); full-year net income $7.5M
Q4 FY2025 revenue $17.4M (+17.3% YoY); operating income $3.0M (+30.2%); diluted EPS $0.25 (vs $0.20).
Net revenue $15.7M (+13.1% YoY); direct homecare revenue $14.1M (+14.8%).
Electromed board authorizes $5.0M stock repurchase program
Board authorized up to $5.0 million in share repurchases on March 6, 2025.
Electromed Q2 FY2025 revenue up 18.7% to record $16.3M; net income $2.0M
Net revenue rose 18.7% YoY to $16.3M; operating income record $2.5M (15.6% margin).
Electromed shareholders re-elect all eight directors, ratify auditor, approve say-on-pay
All eight director nominees elected (e.g., Cunniff 5,150,638 for; Skarvan 5,050,697 for).
Electromed Q1 FY2025 revenue up 19% to $14.7M; net income $1.5M vs $0.2M YoY
Diluted EPS $0.16 vs $0.02 prior year; operating income $1.9M (13.2% rev) vs $0.1M.
Electromed authorizes $5.0 million share repurchase program
Board authorized repurchase of up to $5.0M of common stock, effective September 11, 2024.
Electromed delivers record FY2024 revenue $54.7M, net income $5.2M ($0.58/sh)
Q4 net revenue $14.8M (+9% YoY); operating income $2.3M (+56.3%); diluted EPS $0.20 vs $0.12.
Electromed to Present at Canaccord Genuity 44th Annual Global Growth Conference on August 14, 2024
Jim Cunniff (CEO) and Brad Nagel (CFO) attending conference in Boston, August 13-15, 2024.
Electromed reports record Q3 revenue of $13.9M, up 15% YoY; net income $0.17 diluted EPS vs $0.12
Revenue rose 14.9% YoY to a record $13.9M; net income $1.493M ($0.17 diluted) vs $1.075M ($0.12).
Electromed Q2 FY2024 revenue record $13.7M (+17% YoY), EPS $0.19 vs $0.11
Net revenue increased 17% to record $13.7M; direct homecare revenue up 18% to $12.7M.
Electromed renews $2.5M revolving credit facility with Choice Financial Group through Dec 2025
Revolving line of credit renewed at $2,500,000, maturing December 18, 2025 (extended 2 years).
Electromed shareholders elect eight directors and approve equity plan at annual meeting
All eight director nominees elected; average 'For' votes ~3.9M, broker non-votes 1.28M.
Electromed Q1 FY2024: revenue $12.3M (+16%), EPS $0.02, operating income $142K
Net revenue $12.3M, up 16% YoY; homecare revenue $11.2M (+15.8%).
Electromed reports record FY2023 revenue of $48.1M; Q4 EPS $0.12 vs $0.04 YoY
Q4 revenue $13.6M (+21% YoY); net income $1.0M ($0.12 EPS) vs $0.4M ($0.04).
Christopher G. Holland's employment ends June 23, 2023 under mutual separation agreement.
Electromed names Jim Cunniff as CEO effective July 1, 2023; Kathleen Skarvan to become Chair
James L. Cunniff appointed President & CEO, effective July 1, 2023; also joins Board.
Electromed Q3 FY2023 net revenue $12.1M (+19% YoY); diluted EPS $0.12
Record quarterly net revenue of $12.1M, up 19% YoY; homecare revenue $11.0M (+21%).
Electromed reports record Q2 revenue of $11.7M (+15% YoY); CEO Skarvan to retire July 1, 2023
Q2 FY2023 net revenue of $11.7M (record), up 15% YoY; net income of $977k ($0.11 diluted) vs $838k ($0.10).
Electromed shareholders elect directors, ratify auditor, approve executive comp at annual meeting
All eight director nominees elected; highest votes for Kathleen Skarvan (4,385,793), lowest for Lee Jones (3,032,167).
Electromed Q1 FY2023 revenue up 7% to $10.7M; net income drops to $0.01 EPS
Net revenue $10.7M, +7% YoY; net income $81K ($0.01 diluted EPS) vs $439K ($0.05) last year.
Electromed appoints Brad Nagel as CFO effective Nov 14, 2022
Brad Nagel, formerly Divisional CFO at Medtronic, will serve as CFO, Treasurer, Secretary.
Electromed reports record annual revenue of $41.7M (+16.5% YoY); Q4 revenue $11.3M (+19%)
Q4 FY2022 net revenue $11.3M (+19% YoY); net income $0.4M ($0.04 diluted EPS).
Electromed adds Andrew Summers to board, enters cooperation with Summers Value Partners
Elects Andrew Summers as independent director, effective July 25, 2022; board expands from seven to eight members.
Electromed appoints Michelle Wirtz as Interim CFO; base salary $220K, 30% target bonus
Michelle C. Wirtz promoted to Interim CFO, Treasurer and Secretary effective June 1, 2022.
Electromed Q3 revenue $10.1M (+15.4% YoY); CFO MacCourt to resign, Wirtz as interim CFO
Net income $0.6M ($0.07 diluted EPS) vs $0.2M ($0.03) in prior year quarter.
Electromed Q2 revenue record $10.2M (+7.9% YoY); EPS $0.10 vs $0.13
Home care revenue $9.4M (+5.6% YoY); annualized revenue per direct sales rep $951K above target.
Electromed renews $2.5M revolving credit line with Choice Financial, maturity to Dec 2023
Line of credit extended for two years, now matures on December 18, 2023.
Electromed elects seven directors, appoints Lee A. Jones as Board Chair at annual meeting
All seven director nominees elected; Lee A. Jones received 3,479,584 votes for, 862,668 withheld.
Electromed Q1 FY2022 revenue hits record $10.0M, up 25% YoY; EPS $0.05 vs $0.06
Net revenue $10.0M, record quarterly; home care up 24.4% to $9.3M, institutional up 61.5% to $449K.
Electromed reaches cooperation agreement with Summers Value Partners; nominates two new directors
Summers Value Partners (beneficial owner of ~5.9% of ELMD) withdraws proxy contest; enters standstill and voting pact.
Electromed Q4 revenue up 37.7% to $9.5M; full-year net income $2.4M
Q4 FY2021 net revenue $9.5M (+37.7% YoY); home care revenue up 33.6%, institutional up 90.6%.
Electromed expects Q4 FY2021 net revenue $9.3-9.5M, 37% YoY growth; discloses data privacy incident
Preliminary net revenue $9.3-9.5M vs $6.9M in Q4 FY2020, driven by strong home care revenue growth.
On June 13, 2023, Electromed, Inc. (the “Company”) reached a mutual agreement with its Chief Commercial Officer, Christopher G. Holland, to end his employment effective as of June 23, 2023.
On June 5, 2023, Electromed, Inc. (the "Company") announced the appointment of James L. Cunniff to serve as its next Chief Executive Officer and President, beginning July 1, 2023.
The Company's board of directors (the "Board") has also approved an increase in its size to nine members and appointed Mr. Cunniff to serve as an additional director effective as of the same date.
current director Lee A. Jones will not stand for election and is expected to serve the rema
Kathleen S. Skarvan, the President and Chief Executive Officer of the Company, notified the Company of her intention to retire from the Company effective on or about July 1, 2023
Following the Retirement Date, Ms. Skarvan is expected to serve as a non-employee member and Chair of the Board
On October 24, 2022, Electromed, Inc. (the "Company") announced the selection of Bradley M. Nagel to serve as the Company's next Chief Financial Officer, Treasurer and Secretary, beginning November 14, 2022.
Michelle C. Wirtz, the Company's interim Chief Financial Officer, Treasurer and Secretary, will cease to serve in those positions upon the commencement of Mr. Nagel's employment.
The information regarding the election of Andrew J. Summers to serve as a member of the Board set forth in Item 1.01 above is incorporated herein by reference.
Michael J. MacCourt, the Company’s former Chief Financial Officer, Treasurer and Secretary, ceased to serve in those positions upon the commencement of Ms. Wirtz’s promotion.
Michelle C. Wirtz commenced service as Interim Chief Financial Officer, Treasurer and Secretary of Electromed, Inc. (the “Company”), effective June 1, 2022.
we announced the selection of Michelle C. Wirtz to serve as the Company’s Interim Chief Financial Officer, Treasurer and Secretary, beginning June 1, 2022.
Max materiality 0.85 · Median 0.65 · Most common event earnings