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Nephros Announces Preliminary Financial Results for Third Quarter 2019

Nephros, Inc. (NEPH) 
NASDAQ:AMEX Investor Relations: nephros.com/investor-relations
Company Research Source: GlobeNewswire
Anticipates $3.1 Million Product Revenue, 85% Growth Over 2018Increases Full-Year Revenue Guidance to $9.5-10 Million SOUTH ORANGE, NJ, Oct. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Nephros, Inc. (Nasdaq: NEPH), a commercial-stage company that develops and sells high performance water purification products to the medical device and commercial markets, today announced preliminary financial results for the quarter ended September 30, 2019. Product revenues are expected to be approximately $3.1 million, an increase of more than 85% compared to the quarter ended September 30, 2018. Net revenues increased more than 80%. “We are very pleased to report these preliminary results and to update our previous 2019 revenue guidance to $9.5-$10 million, up from $8.5-$9.5 million,” said Daron Evans, President and CEO of Nephros. “Our growth continues to be driven by hospital customers seeking superior infection control and is due largely to our extraordinary distribution partnersh Show less Read more
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