KORU Medical Systems, Inc. Announces 2024 Q2 Financial Results, a Record Quarter With 22% Revenue Growth; Raises Full Year 2024 Guidance [Yahoo! Finance]
KORU Medical Systems, Inc. (KRMD)
Company Research
Source: Yahoo! Finance
company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today reported financial results for the second quarter ended June 30, 2024 and raised full year 2024 revenue and gross margin guidance. Financial Highlights Second quarter 2024 net revenues of $8.4 million, a 22% increase over the prior year with record-high quarterly revenues Core business (U.S. and International) growth of 20% over the prior year driven by overall SCIg market growth, share gains, and geographic expansion Gross profit of $5.5 million, a 41% increase over the prior year, and gross margin of 65%, reflecting year-over-year improvement of 890 basis points Ending cash balance of $10.5 million and quarterly cash usage of $0.3 million driven by improved net income, increased operating leverage, and working capital improvements Raising full year 2024 revenue guidance to $32.0-$32.5 million, representing year-over-ye
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KRMD
News
- KORU Medical Systems to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- KORU Medical Systems to Participate in Upcoming Investor ConferencesBusiness Wire
- Impressive Turnaround At KORU Medical [Seeking Alpha]Seeking Alpha
- KORU Medical Systems Presents Data at Partnership Opportunities in Drug Delivery (PODD) Conference Demonstrating Nursing Preference for Use of KORU FreedomEdge® Infusion System over Manual Syringe Administration for Subcutaneous Oncology Infusion [Yahoo! Yahoo!
- KORU Medical Systems Presents Data at Partnership Opportunities in Drug Delivery (PODD) Conference Demonstrating Nursing Preference for Use of KORU FreedomEdge® Infusion System over Manual Syringe Administration for Subcutaneous Oncology InfusionBusiness Wire
KRMD
Earnings
- 8/7/24 - Beat
KRMD
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- KRMD's page on the SEC website