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Stock impact report

Nephros Reports First Quarter Financial Results

Nephros, Inc. (NEPH) 
NASDAQ:AMEX Investor Relations: nephros.com/investor-relations
Company Research Source: GlobeNewswire
Revenues up 80% over Q1 2018 Driven by Hospital Footprint Expansion Reiterates 2019 Guidance for Revenue Growth of 50% to 65% SOUTH ORANGE, N.J., May 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Nephros, Inc. (OTCQB:NEPH), a commercial stage company that develops and sells high performance water purification products to the medical device and commercial markets, today announced financial results for the three months ended March 31, 2019. First Quarter Financial Highlights Net revenue was $1.8 million, up 80% compared with $1.0 million in Q1 2018.Net loss in the Water Filtration business segment was $0.9 million, an improvement of 31% compared with a net loss of $1.3 million in 2018.Adjusted EBITDA in the Water Filtration business segment was approximately ($476,000), an improvement of 31% compared with ($686,000) in 2018. “This was our 11th straight quarter of year-over-year growth averaging approximately 60%,” said Daron Evans, President and CEO of Nephros. “With the addit Show less Read more
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