Nephros(NEPH)

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Nephros Schedules Third Quarter 2024 Financial Results Conference Call
GlobeNewswire News Room· 2024-10-31 11:30
Core Viewpoint - Nephros, Inc. is set to announce its third-quarter financial results on November 7, 2024, and will host a conference call to discuss these results [1]. Group 1: Financial Results Announcement - Nephros will file its third-quarter financial results after market close on November 7, 2024 [1]. - A conference call will take place on the same day at 4:30 PM ET for discussing the financial results [1]. - Participants can join the call using specific domestic and international access numbers [1]. Group 2: Audio Archive and Replay - An audio archive of the conference call will be available shortly after the call on the Nephros Investor Relations page [2]. - A replay of the call can be accessed until November 14, 2024, using designated numbers and a replay access code [2]. Group 3: Company Overview - Nephros is a leading provider of filtration products for medical, commercial, and industrial markets [3]. - The company utilizes advanced hollow-fiber technology and effective commercial filter media to ensure high water quality by protecting against waterborne contaminants [3].
Nephros Delivers Critical Disaster Response to Support Hospitals and Care Facilities Impacted by Hurricanes Helene and Milton
GlobeNewswire News Room· 2024-10-17 13:00
Core Viewpoint - Nephros, Inc. has effectively responded to recent hurricanes in the southeastern United States by providing essential water filtration solutions to healthcare and nursing facilities, ensuring safe water access during recovery efforts [1][3]. Group 1: Company Response and Capabilities - Nephros has leveraged its disaster response capabilities to deliver crucial water filtration products to affected healthcare facilities, emphasizing the importance of clean water in patient care [2][3]. - The company has shipped a significant number of filters rapidly, responding after hours and ensuring next-day delivery to federal and local disaster response partners [3]. - Nephros' filtration solutions have been deployed across multiple states, including Florida and North Carolina, where they provided immediate protection against water contamination [3]. Group 2: Product Importance and Commitment - The company's filtration products are vital for ensuring purified water for various critical applications, including drinking, dialysis, surgical operations, and general facility hygiene [3]. - Nephros is committed to providing high-quality water filtration solutions in both routine and crisis situations, highlighting the speed and efficiency of its team in maintaining service continuity [3][4]. - The advanced hollow-fiber technology and effective commercial filter media used in Nephros products help protect against waterborne contaminants, ensuring high water quality [4].
Nephros(NEPH) - 2024 Q2 - Earnings Call Transcript
2024-08-10 17:58
Financial Data and Key Metrics Changes - In Q2 2024, net revenue was $3.25 million, down 8% compared to Q2 2023, primarily due to low contributions from emergency response revenue [9][10] - Gross margin remained strong at 59%, flat year-over-year, but decreased from 62% in Q1 2024 due to increased shipping expenses and reserves for slow-moving products [10] - Net loss improved by 33% to $289,000 in Q2 2024 from a loss of $433,000 in Q2 2023, attributed to reduced SG&A expenses [10][11] - For the first half of 2024, net loss decreased 38% to $458,000 from $739,000 in the prior year [11] Business Line Data and Key Metrics Changes - Non-emergency response business increased by 8% year-over-year in Q2 2024, while emergency response business saw a 92% decline [6][9] - Excluding emergency response revenue, sales increased by 10% in the first half of 2024 [10] Market Data and Key Metrics Changes - The company achieved the highest number of active customer sites ever, with a 15% increase over the previous year, totaling 1,384 active accounts by the end of Q2 2024 [6][19] Company Strategy and Development Direction - The company is focusing on long-term growth initiatives, including the expansion of digital tools like the filter tracking app to enhance customer engagement [7][8] - Nephros is strategically positioning itself to capitalize on growth opportunities in sectors beyond hospitals, such as dental practices and endoscopy processing [8] Management's Comments on Operating Environment and Future Outlook - Management noted a decline in emergency response business due to reduced stringency in waterborne risk response, but anticipates potential recovery with upcoming regulatory changes [7][15] - The company remains committed to innovation and customer engagement while focusing on profitability and return on investment [12] Other Important Information - The balance sheet remains strong with a cash balance of approximately $3.1 million as of June 30, 2024, despite a decrease from $4.3 million at the end of 2023 [11] Q&A Session Summary Question: Can you elaborate on the reduced stringency for waterborne risk response? - Management identified that the Ohio Department of Health reduced testing due to system overload, which may lead to a return to higher emergency responses with upcoming regulatory changes [14][15] Question: Update on the filter tracker rollout? - The rollout faced initial issues but recent updates have improved functionality. Management believes the tracker will help increase reorder rates for filters [17][18] Question: Total number of active accounts at the end of Q2? - The total number of active accounts as of the end of Q2 2024 was 1,384 [19]
Nephros Schedules Second Quarter 2024 Financial Results Conference Call
GlobeNewswire News Room· 2024-08-01 11:30
SOUTH ORANGE, NJ, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration solutions for both healthcare and commercial markets, today announced that it will file its second-quarter financial results on Thursday, August 8, 2024 after market close and will host a conference call that same day at 4:30pm ET. Participants may dial into the call as follows: Domestic access: 1 (844) 808-7106 International access: 1 (412) 317-5285 Upon joining, please ...
Nephros Schedules Second Quarter 2024 Financial Results Conference Call
Newsfilter· 2024-08-01 11:30
SOUTH ORANGE, NJ, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration solutions for both healthcare and commercial markets, today announced that it will file its second-quarter financial results on Thursday, August 8, 2024 after market close and will host a conference call that same day at 4:30pm ET. Participants may dial into the call as follows: Domestic access: 1 (844) 808-7106 International access: 1 (412) 317-5285 Upon joining, please ...
Nephros(NEPH) - 2024 Q1 - Earnings Call Transcript
2024-05-10 03:30
Nephros, Inc. (NASDAQ:NEPH) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET Company Participants Kirin Smith - Investor Relations Robert Banks - Chief Executive Officer Judy Krandel - Chief Financial Officer Conference Call Participants Thomas McGovern - Maxim Group Nick Farwell - Arbor Group Ralph Weil - R. Weil Investment Management Operator Good afternoon, and welcome to the Nephros, Inc. First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator ...
Nephros(NEPH) - 2024 Q1 - Quarterly Report
2024-05-09 20:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: _______ to _______ Commission File Number: 001-32288 NEPHROS, INC. (Exact name of registrant as specified in its charter) DELAWARE 13-3971809 (State or other ...
Nephros(NEPH) - 2024 Q1 - Quarterly Results
2024-05-09 20:15
Exhibit 99.1 Nephros, Inc. 380 Lackawanna Place South Orange NJ 07079 Call: 201 343 5202 nephros.com Nephros Announces Financial Results for Quarter Ended March 31, 2024 First-Quarter Net Revenue of $3.5 Million; Technology advancements and microplastics capabilities on the horizon SOUTH ORANGE, NJ, May 09, 2024 – Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration solutions to the medical and commercial markets, today announced financial results for the first quarter ended ...
Nephros(NEPH) - 2023 Q4 - Annual Report
2024-03-15 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-32288 NEPHROS, INC. (Exact name of registrant specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 13-39 ...
Nephros(NEPH) - 2023 Q4 - Annual Results
2024-03-07 21:15
Exhibit 99.1 Nephros, Inc. 380 Lackawanna Place South Orange NJ 07079 Call:201 343 5202 nephros.com Nephros Announces Fourth Quarter and Fiscal Year 2023 Financial Results Full-Year Net Revenue of $14.2 Million and Fourth-Quarter Net Revenue of $3.3 Million SOUTH ORANGE, NJ, March 7, 2024 – Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration solutions to the medical and commercial markets, today announced financial results for the fourth quarter and fiscal year ended Decemb ...