Electromed (ELMD) Tops Q3 EPS by 2c

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Go back to Electromed (ELMD) Tops Q3 EPS by 2c

Electromed, Inc. Announces Fiscal 2023 Third Quarter Results

May 9, 2023 4:05 PM EDT

Quarterly Net Revenue Increase of 19% Year-over-Year

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, 2023 (Q3 FY 2023).

Q3 FY 2023 Highlights

Record quarterly net revenues of $12.1 million, a 19% year-over-year increase Homecare revenue of $11.0 million, an increase of 21% year-over-year Generated operating income of $1.2 million, an increase of 39% year-over-year Net income of $1.1 million, or $0.12 per fully diluted share, compared with net... More