Electromed (ELMD) Reports Q1 EPS of $0.04

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Go back to Electromed (ELMD) Reports Q1 EPS of $0.04

Electromed, Inc. Reports Higher First Quarter Revenues and Operating Income

November 10, 2015 4:30 PM EST

Operating Income Increased 47%

NEW PRAGUE, Minn.--(BUSINESS WIRE)-- Electromed, Inc. (NYSE MKT: ELMD) today announced financial results for its first quarter ended September 30, 2015.

Net revenues for the first quarter of fiscal 2016 were $5.0 million, a 4.8% increase compared to the first quarter of fiscal 2015. Growth in total net revenues was attributable to strong results in the home care market where revenue increased by approximately 12.3%, or $0.5 million, compared to the same period of fiscal 2015. Home care sales increased due to a higher number of approvals and higher average selling price... More