KORU Medical Systems, Inc. Announces 2023 Fourth Quarter, Full Year Financial Results, and 2024 Guidance
KORU Medical Systems, Inc. (KRMD)
Company Research
Source: Business Wire
MAHWAH, N.J.--(BUSINESS WIRE)--KORU Medical Systems, Inc. (NASDAQ: KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today reported financial results for the fourth quarter and full year ended December 31, 2023. The Company also issued guidance for the full year 2024.Recent HighlightsFourth quarter 2023 net revenues of $7.2 million, a 2% decrease from the prior year; Full year 2023 net revenues of $28.5 million, a 2% increase over the prior yearFull year 6.7% Core business growth (U.S. and International) driven by overall SCIg market growth, share gains and expansion in new geographiesFourth quarter gross margin of 60.3%, reflecting year-over-year improvement of 470 basis points; Full year gross margin of 58.6%, reflecting year-over-year improvement of 350 basis pointsPositive cash flow of $0.7 million in the fourt
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- KORU Medical Systems, Inc. (NASDAQ:KRMD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- KORU Medical Systems, Inc. Announces 2024 First Quarter Financial Results Delivering Double-Digit Revenue Growth [Yahoo! Finance]Yahoo! Finance
KRMD
Earnings
- 5/1/24 - Beat
KRMD
Sec Filings
- 5/14/24 - Form 8-K
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- KRMD's page on the SEC website