Electromed (ELMD) Reports Q3 EPS of $0.04
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Electromed, Inc. Announces Fiscal 2019 Third Quarter Financial Results
May 7, 2019 4:30 PM EDTNEW PRAGUE, Minn.--(BUSINESS WIRE)-- Electromed, Inc. (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced financial results for the three months ended March 31, 2019 (Q3 FY 2019).
Q3 FY 2019 Highlights
Net revenue increased 3.4% to $7.4 million from $7.2 million during the three months ended March 31, 2018 (Q3 FY 2018). Net revenue, gross profit and operating income in Q3 FY 2019 were negatively impacted by a lower average selling price based on payor mix as compared to the prior year. Gross profit rose... More