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Nephros Announces Preliminary Financial Results for Fourth Quarter and Fiscal Year 2019

Nephros, Inc. (NEPH) 
NASDAQ:AMEX Investor Relations: nephros.com/investor-relations
Company Research Source: GlobeNewswire
Anticipates $10.3 Million Full-Year Revenue, Approximately 82% Growth Over 2018;Fourth Quarter Year-Over-Year Revenue Growth Approximately 99% SOUTH ORANGE, NJ, Jan. 06, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Nephros, Inc. (Nasdaq: NEPH), a commercial-stage company that develops and sells high performance water purification products to the medical device and commercial markets, today announced preliminary financial results for the fiscal year ended December 31, 2019. Full-year 2019 revenues are expected to be approximately $10.3 million, an increase of approximately 82% compared to the year ended December 31, 2018, and exceeding the upper range of previously provided guidance of $9.5 to $10 million. Revenues for the quarter ended December 31, 2019 are expected to be approximately $3.2 million, an increase of 99% over the same quarter in 2018. “Our growth in 2019, capped by our 14th consecutive quarter of year-over-year growth averaging over 65%, is a result of the combinati Show less Read more
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