Electromed (ELMD) Tops Q1 EPS by 11c, Revenues Beat

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Go back to Electromed (ELMD) Tops Q1 EPS by 11c, Revenues Beat

Electromed, Inc. Announces Fiscal 2021 First Quarter Financial Results

November 10, 2020 4:05 PM EST

-- 16.4% Sequential Revenue Growth Driven by Stronger Home Care Revenue --

NEW PRAGUE, Minn.--(BUSINESS WIRE)-- Electromed, Inc. (Electromed or the Company) (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced financial results for the three months ended September 30, 2020 (Q1 FY 2021).

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%... More