Electromed (ELMD) Reports Q3 EPS of $0.04
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Electromed, Inc. Announces Fiscal 2018 Third Quarter Financial Results
May 8, 2018 4:30 PM EDTNEW PRAGUE, Minn.--(BUSINESS WIRE)-- Electromed, Inc. (Electromed or the Company) (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced financial results for the three months ended March 31, 2018 (Q3 FY 2018).
Q3 FY 2018 Highlights
Net revenue increased 6.3% to $7.1 million from $6.7 million during the three months ended March 31, 2017 (Q3 FY 2017). Gross profit rose 5.4% to $5.6 million from $5.3 million in Q3 FY 2017. Selling, general and administrative expenses increased 20.9% to $5.1 million, from $4.2 million in Q3 FY 2017, primarily reflecting the hiring of new employees to support revenue growth... More