Repro Med Systems, Inc. (KRMD) Reports In-Line Q1 EPS

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Go back to Repro Med Systems, Inc. (KRMD) Reports In-Line Q1 EPS

KORU Medical Systems Announces 2020 First Quarter Financial Results

May 4, 2020 4:52 PM EDT

Q1 2020 Summary

Net sales rose 27% to $6.3 million Gross margin of 60% (62% excluding inventory obsolescence charge) Net income improved to $0.4 million, or $0.01 per share Adjusted EBITDA increased 38% to $1.3 million COVID-19 Update

CHESTER, N.Y.--(BUSINESS WIRE)-- Repro Med Systems, Inc. dba KORU Medical Systems (NASDAQ: KRMD) (KORU Medical or the Company) today announced financial results for the first quarter ended March 31, 2020 (Q1 2020).

We reported a strong Q1 2020 with net sales, net income, and Adjusted EBITDA rising from Q1 2019, said Don Pettigrew, President and CEO. We... More