Electromed, Inc. Announces Record Financial Performance in Fiscal 2024 Second Quarter
Electromed, Inc. (ELMD)
NASDAQ:AMEX Investor Relations:
smartvest.com/electromed/investor-relations
Company Research
Source: Business Wire
Growth initiatives drive record revenue, improve margins and enhance operational efficiency NEW PRAGUE, Minn.--(BUSINESS WIRE)--Electromed, Inc. (“Electromed” or the “Company”) (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced financial results for the three months ended December 31, 2023 (“Q2 FY 2024”).Q2 FY 2024 Financial HighlightsNet revenue increased 17% to a record $13.7 million in Q2 FY 2024, from $11.7 million in the second quarter of the prior fiscal year.Gross margins were 77% of revenue, compared to 74% in the second quarter of the prior fiscal year.Operating income was a record $2,263,000 or 16.5% of revenue, compared with $1,274,000 or 10.1% of revenue in the second quarter of the prior fiscal year.Net income was a record $1,674,000 for the quarter, or $0.19 per diluted share, compared to $977,000, or $0.11 per diluted share in the second quarter of the prior fiscal year.Cash as of December 31, 2023, was $10.4 million, an incr
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ELMD
News
- Electromed, Inc. (NYSE: ELMD) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Electromed, Inc. Schedules its Third Quarter Fiscal 2024 Financial Results Conference Call for May 7, 2024 at 5:00 p.m. ETBusiness Wire
- Electromed, Inc. (NYSE: ELMD) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Electromed, Inc. (NYSE: ELMD) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Electromed, Inc. to Participate in the 2024 Noble Capital Markets Emerging Growth Virtual Healthcare Equity Conference [Yahoo! Finance]Yahoo! Finance
ELMD
Analyst Actions
- 2/22/24 - TheStreet
ELMD
Sec Filings
- 3/5/24 - Form 4
- 2/14/24 - Form SC
- 2/13/24 - Form SC
- ELMD's page on the SEC website