KORU Medical Systems Inc (KRMD) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and ... [Yahoo! Finance]
KORU Medical Systems, Inc. (KRMD)
Company Research
Source: Yahoo! Finance
KORU Medical Systems Inc ( NASDAQ:KRMD ) reported a 17% increase in third-quarter revenues, marking the third consecutive quarter of double-digit revenue growth. The company achieved a gross margin improvement of 140 basis points to 63.4%, driven by improved non-recurring engineering margins and contractual price increases. KORU Medical Systems Inc ( NASDAQ:KRMD ) raised its revenue and gross margin guidance for the second time this year, reflecting strong performance and confidence in future growth. The international segment showed strong performance with a 38% year-to-date growth, supported by significant and sustainable growth drivers. The novel therapies segment experienced a 276% revenue growth over the prior year, with six commercial drug launches expected by 2026, indicating a robust pipeline. The 510(k) submission for the next-generation device has been delayed to mid-2025, which could impact the timing of future product launches. International growth was affected
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KRMD
News
- KORU Medical Systems, Inc. (NASDAQ: KRMD) had its price target raised by analysts at Craig Hallum from $4.00 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- KORU Medical Systems, Inc. (NASDAQ: KRMD) had its price target raised by analysts at Canaccord Genuity Group Inc. from $3.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- KORU Medical Systems, Inc. (NASDAQ: KRMD) had its price target raised by analysts at Piper Sandler from $3.00 to $3.50. They now have an "overweight" rating on the stock.MarketBeat
- KORU Medical Systems, Inc. Announces 2024 Q3 Financial Results, Third Consecutive Quarter of Double-Digit Growth; Raises Full Year 2024 GuidanceBusiness Wire
- KORU Medical Systems to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
KRMD
Earnings
- 11/13/24 - Beat
KRMD
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/13/24 - Form 10-Q
- KRMD's page on the SEC website