KORU Medical Systems Announces Record 2019 Third Quarter Financial Results
KORU Medical Systems, Inc. (KRMD)
Company Research
Source: Business Wire
Conference Call Scheduled for November 6 at 9:00 am ETQ3 2019 HighlightsNet sales rose 45.5% to a record $6.6 millionGross margin improved to 66.2%Operating profit increased 70.8% to $0.8 millionNet income rose to $0.7 million, or $0.02 per diluted shareAdjusted EBITDA up 88.8% to $2.1 million CHESTER, N.Y.--(BUSINESS WIRE)--Repro Med Systems, Inc. dba KORU Medical Systems (NASDAQ: KRMD) (the “Company”) today announced financial results for the third quarter (“Q3 2019”) ended September 30, 2019.“Our strong performance continued through Q3 2019,” said Don Pettigrew, President and CEO of KORU Medical Systems. “Net sales increased over 45% from Q3 2018, representing the third consecutive quarter of record net sales, and gross margin improved to over 66%. We continue to penetrate our primary disease state end markets, the growth of which we attribute to increasing awareness and diagnosis of PIDD and expanded therapeutic indications for CIDP. Our Freedom Syringe Infusion System is also
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KRMD
Earnings
- 5/1/24 - Beat
KRMD
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/11/24 - Form 8-K
- KRMD's page on the SEC website