Repro Med Systems, Inc. (KRMD) Reports Q2 Loss of $0.03/sh

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Go back to Repro Med Systems, Inc. (KRMD) Reports Q2 Loss of $0.03/sh

KORU Medical Systems Announces 2020 Second Quarter Financial Results

August 4, 2020 5:34 PM EDT

Record Net Sales of $7.7 Million, Gross Margin of 64%

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 second quarter ended June 30, 2020 (Q2 2020).

We reported a strong Q2 2020, highlighted by a quarterly net sales record of $7.7 million, said Don Pettigrew, President and CEO. During the second quarter, we completed a successful public offering, settled our outstanding litigation with our competitor, were added to the broad market Russell 3000® Index, the Russell 2000® Index, and Russell... More