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Stock impact report

Nephros Reports 2019 Fourth Quarter and Full Year Financial Results

Nephros, Inc. (NEPH) 
NASDAQ:AMEX Investor Relations: nephros.com/investor-relations
Company Research Source: GlobeNewswire
Fourth Quarter Net Revenue up 96%; Annual Net Revenue up 82%Establishes 2020 Revenue Guidance at $14.5 to $15.5 Million SOUTH ORANGE, N.J., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Nephros, Inc. (Nasdaq:NEPH), a commercial stage company that develops and sells high performance water purification products and pathogen detection systems to the medical and commercial markets, today announced financial results for the fourth quarter and full year ended December 31, 2019. Financial Highlights Fourth Quarter Ended December 31, 2019 – Water Filtration Business Segment Net revenue was $3.2 million, compared with $1.6 million in 2018, up 96%Net income was $135,000, compared with a net (loss) of ($147,000) in 2018Adjusted EBITDA was $648,000, compared with $136,000 in 2018, up 376% Fourth Quarter Ended December 31, 2019 – Consolidated Net revenue was $3.2 million, compared with $1.6 million in 2018, up 96%Net (loss) was ($144,000), compared with ($664,000) in 2018, improved 78%Adjusted EBITDA Show less Read more
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