KORU Medical Systems Announces 2020 First Quarter Financial Results
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Repro Med Systems, Inc. (KRMD) Reports In-Line Q1 EPS
May 4, 2020 4:54 PM EDTRepro Med Systems, Inc. (NASDAQ: KRMD) reported Q1 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $6.3 million versus the consensus estimate of $6.2 million.
Q1 2020 Summary
Net sales rose 27% to $6.3 millionGross margin of 60% (62% excluding inventory obsolescence charge)Net income improved to $0.4 million, or $0.01 per shareAdjusted EBITDA increased 38% to $1.3 millionCOVID-19 UpdateWe reported a strong Q1 2020 with net sales, net income, and Adjusted EBITDA rising from Q1 2019, said Don Pettigrew, President and CEO. We are an essential business under current New York... More
