Electromed (ELMD) Reports Q3 EPS of $0.08, Beats on Revenues

Electromed (NYSE: ELMD) reported Q3 EPS of $0.08. Revenue for the quarter came in at $6.7 million versus the consensus estimate of $6.5 million.

Q3 FY 2017 Highlights

• Net revenue increased 10.5% to $6.7 million from $6.0 million during the three months ended March 31, 2016 (“Q3 FY 2016”).
• Gross profit rose 14.8% to $5.3 million from $4.6 million in Q3 FY 2016.
• Operating income grew 40.9% to $1.0 million from $736,000 in Q3 FY 2016.
• Net income expanded 38.9% to $648,000, or $0.08 per diluted share, from $467,000, or $0.06 per diluted share, in Q3 FY 2016.
• Cash flow from operations increased 52.4% to $767,000 from $503,000 in Q3 FY 2016.
• Field sales employees grew to 35 at the end of Q3 FY 2017 from 29 at the end of Q3 FY 2016.
• The SmartVest® Airway Clearance System wireless connectivity and patient monitoring solution remains on schedule for June 2017 commercial launch.

For earnings history and earnings-related data on Electromed (ELMD) click here.

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