Electromed (ELMD) Tops Q3 EPS by 5c

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Go back to Electromed (ELMD) Tops Q3 EPS by 5c

Electromed, Inc. Announces Record Revenue in Fiscal 2024 Third Quarter

May 7, 2024 4:05 PM EDT

Growth initiatives drive record revenue

NEW PRAGUE, Minn.--(BUSINESS WIRE)-- Electromed, Inc. (Electromed) (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced financial results for the three months ended March 31, 2024 (Q3 FY 2024).

Q3 FY 2024 Financial Highlights

Net revenues increased 15% to a record $13.9 million in Q3 FY 2024, from $12.1 million in the third quarter of the prior fiscal year. Gross margins were 75% of net revenues in the third quarters of both the current and prior fiscal years. Operating income... More