Welcome to our dedicated page for Electromed news (Ticker: ELMD), a resource for investors and traders seeking the latest updates and insights on Electromed stock.
Electromed, Inc. develops, manufactures, markets, and sells airway clearance therapy products for patients with compromised pulmonary function. Its core product references include the SmartVest Airway Clearance System, which combines a programmable air pulse generator, therapy garment, and connecting hose for airway clearance therapy.
Recurring ELMD news centers on quarterly financial results, revenue trends in homecare, hospital, distributor, and other channels, operating leverage, manufacturing and sales-efficiency updates, share repurchase authorizations, and investor conference participation. Company updates also discuss bronchiectasis-focused market education and the role of SmartVest within Electromed's pulmonary-care business.
Electromed, Inc. (NYSE American: ELMD) has been recognized as Quality Magazine’s 2021 Plant of the Year. This accolade is based on the 2021 Quality Leadership Top 100 Company survey, which evaluates continuous improvement, quality training, warranty costs, and ISO certifications, including ISO 13485. Electromed has ranked among the top 10 in this survey three times in the last four years. CEO Kathleen Skarvan emphasized the recognition reflects the team's dedication to improving patient lives through high-quality products and services.
Electromed, Inc. (NYSE American: ELMD) reported its Q3 FY 2021 financial results, revealing a 0.5% increase in net revenue to $8.8 million, driven by a 4.2% rise in home care revenue. The gross profit percentage improved to 76.3% of net revenue. However, net income fell to $224,000 or $0.03 per diluted share, down from $653,000 or $0.07 in Q3 FY 2020, mainly due to increased investments in R&D and SG&A. Cash at March 31, 2021 stood at $12.5 million, supported by $834,000 in operating cash flow. Despite challenges from COVID-19, management expressed optimism for ongoing recovery.
Electromed, Inc. (NYSE American: ELMD) is set to release its fiscal 2021 third quarter financial results on May 11, 2021, after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss these results. Interested participants can join by calling (877) 407-9753 for domestic calls and (201) 493-6739 for international calls. A live webcast will be accessible via Electromed’s Investor Relations website, and a replay will also be available online post-event.
Electromed, Inc. (NYSE American: ELMD) announced that Kathleen Skarvan, President and CEO, and Mike MacCourt, CFO, will participate in the Sidoti Spring 2021 Virtual Investor Conference on March 24-25, 2021. They will be available for one-on-one meetings during both days. Electromed specializes in airway clearance technology, manufacturing products like the SmartVest® Airway Clearance System, aiding patients with impaired pulmonary function. The group presentation is scheduled for March 24, 2021, at 2:30 PM Eastern Time. Further details can be found on their website.
Electromed (NYSE American: ELMD) reported a 11.1% increase in net revenue, reaching $9.5 million for Q2 FY 2021, driven by a 16.1% rise in home care revenue to $8.9 million. Gross profit margin improved to 79.2%, up from 78.1% in Q2 FY 2020. Net income remained stable at $1.2 million, translating to $0.13 per diluted share. Despite a 37.4% decline in institutional revenue due to COVID-19's impact, the company maintains a robust cash position of $11.7 million. Management expresses cautious optimism for continued growth in the latter half of FY 2021.
Electromed, Inc. (NYSE American: ELMD) will release its fiscal 2021 second quarter financial results on February 9, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results. Interested participants can join via phone, with domestic and international numbers provided. The call will also be accessible through a live webcast in the Investor Relations section of Electromed's website. The company manufactures airway clearance products, including the SmartVest Airway Clearance System.