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KORU Medical Systems, Inc. Announces 2024 Q3 Financial Results, Third Consecutive Quarter of Double-Digit Growth; Raises Full Year 2024 Guidance

KORU Medical Systems, Inc. (KRMD) 
Company Research Source: Business Wire
MAHWAH, N.J.--(BUSINESS WIRE)--KORU Medical Systems, Inc. (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today reported financial results for the third quarter ended September 30, 2024, and raised full year 2024 revenue, gross margin, and year-end cash guidance.Recent HighlightsThird quarter 2024 net revenues of $8.2 million, a 17% increase over the prior year periodCore business (U.S. and International) growth of 11% and novel therapies growth of 276% over the prior year periodGross profit of $5.2 million, a 19% increase over the prior year period, and gross margin of 63%, a 140-basis point improvement over the prior year periodEnding cash balance of $8.8 million and year-to-date cash burn of $2.7 million, a 60% improvement over the prior year periodPresented data at Partnership Opportunities in Drug D Show less Read more
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