Electromed, Inc. Announces Fiscal 2021 First Quarter Financial Results
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Electromed (ELMD) Tops Q1 EPS by 11c, Revenues Beat
November 10, 2020 4:37 PM ESTElectromed (NYSE: ELMD) reported Q1 EPS of $0.06, $0.11 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $8 million versus the consensus estimate of $7.01 million.
Q1 FY 2021 Highlights
Net revenue was $8.0 million, down 3.6% compared to the three months ended September 30, 2019 (Q1 FY 2020), primarily reflecting lower institutional revenue due to the continued impact of COVID-19 on hospital purchasing activity.Net revenue grew 16.4% compared to the three months ended June 30, 2020 (Q4 FY 2020), driven by a 17.9% increase in home care.Gross profit percentage increased to 76.8% of net revenue, compared to 76.4%... More