Electromed, Inc. Announces Fiscal 2020 Third Quarter Financial Results
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Electromed (ELMD) Reports Q3 EPS of $0.07
May 12, 2020 4:33 PM EDTElectromed (NYSE: ELMD) reported Q3 EPS of $0.07, versus $0.04 reported last year. Revenue for the quarter came in at $8.7 million versus the consensus estimate of $8.59 million.
Q3 FY 2020 Highlights
Net revenue increased 18.0% to $8.7 million from $7.4 million for the three months ended March 31, 2019 (Q3 FY 2019).Operating margin improved to 10.4% from 6.3% in Q3 FY 2019.Net income rose 85.1% to $0.7 million, or $0.07 per diluted share, from $0.4 million, or $0.04 per diluted share, in Q3 FY 2019.Cash balance as of March 31, 2020 was $9.9 million benefiting from $0.9 million in cash flow.Kathleen Skarvan,... More
