Electromed, Inc. Announces Record Revenue in Fiscal 2024 Third Quarter
Electromed, Inc. (ELMD)
NASDAQ:AMEX Investor Relations:
smartvest.com/electromed/investor-relations
Company Research
Source: Business Wire
Growth initiatives drive record revenue NEW PRAGUE, Minn.--(BUSINESS WIRE)--Electromed, Inc. (“Electromed”) (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced financial results for the three months ended March 31, 2024 (“Q3 FY 2024”).Q3 FY 2024 Financial HighlightsNet revenues increased 15% to a record $13.9 million in Q3 FY 2024, from $12.1 million in the third quarter of the prior fiscal year.Gross margins were 75% of net revenues in the third quarters of both the current and prior fiscal years.Operating income increased by 54% to $1,841,000 or 13% of revenue, compared with $1,196,000 or 10% of revenue in the third quarter of the prior fiscal year.Net income was $1,493,000 for the quarter, or $0.17 per diluted share, compared to $1,075,000, or $0.12 per diluted share in the third quarter of the prior fiscal year.Cash as of March 31, 2024, was $11.7 million, an increase of $4.3 million from the June 30, 2023, balance.“I am excited to annou
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News
- Electromed, Inc. (AMEX:ELMD) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Electromed, Inc. Announces Record Revenue in Fiscal 2024 Third Quarter [Yahoo! Finance]Yahoo! Finance
- 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
ELMD
Analyst Actions
- 2/22/24 - TheStreet
ELMD
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 3/5/24 - Form 4
- ELMD's page on the SEC website