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Nephros Inc. (Nasdaq: NEPH) is a commercial-stage medical device and water technology company dedicated to enhancing water quality in both medical and commercial markets. Founded in 1997 by healthcare professionals affiliated with Columbia University Medical Center, Nephros initially aimed to address the needs of chronic renal failure patients. Today, the company is known for its innovative liquid purification filters that capture contaminants as small as 5 nanometers, significantly reducing exposure to a variety of pathogens, including bacteria, viruses, fungi, parasites, and endotoxins.
The heart of Nephros's technology lies in its proprietary hollow fiber design, which balances three critical elements for optimal filter performance: filtration precision, flow rate, and filter lifespan. These filters are highly efficient, providing up to 12 months of service with minimal disruption in flow rate, making them ideal for both healthcare and commercial applications.
In the medical sector, Nephros offers advanced water filtration products and waterborne pathogen detection tools. These products are essential for maintaining high standards of water safety, particularly in healthcare settings where water quality can directly impact patient outcomes. The company's subsidiary is actively working on a second-generation hemodiafiltration system and other devices aimed at improving therapies for renal disease patients.
In the commercial market, Nephros manufactures water filters designed to enhance the taste and odor of water, while also reducing biofilm, bacteria, and scale buildup in downstream equipment. These products cater to a wide range of industries, including hospitality, food service, and manufacturing, where water quality is a critical factor.
Nephros has recently achieved significant milestones, including:
- Filing its third-quarter financial results on November 8, 2023, with a subsequent conference call to discuss the outcomes.
- Hosting investor relations calls to keep stakeholders informed about company developments.
- Continued commitment to providing cutting-edge water filtration solutions and education to improve water safety.
With a mission to improve the human relationship with water, Nephros remains at the forefront of water technology innovation, offering proactive and emergency solutions to ensure water quality across various sectors. For more information, visit the company's website at Nephros.com.
Nephros, Inc. (Nasdaq: NEPH), a leader in water technology, announced plans to release its first-quarter financial results on May 10, 2023, after market close. A conference call will follow at 4:30 pm ET. Participants can join via domestic number (844) 808-7106 or international number (412) 317-5285. An audio archive will be accessible on the company's Investor Relations page shortly after the call. Nephros specializes in filtration solutions for healthcare and commercial sectors, focusing on improving water safety through innovative products and quality education.
Nephros, a water technology company, reported preliminary revenue of approximately $3.7 million for Q1 2023, marking a 69% year-over-year increase. The company attributes this growth to recent investments in its sales force, alongside an unusually large emergency response order. Base revenue is expected to exceed $3.0 million, representing a 40% increase from the previous year. Nephros also anticipates that cash flows from operations will at least break even for the quarter, ending with $3.8 million in cash. The full results will be announced on May 10, 2023.
Nephros, Inc. reported a full-year net revenue of $10 million for 2022, a 2% decline from 2021, with fourth-quarter revenue at $2.6 million, down 6% year-over-year. The company faced a net loss of $4.3 million, increasing 54% compared to 2021. Adjusted EBITDA loss also worsened to ($2.4 million). However, the fourth-quarter gross margin improved to 59%. Nephros aims for cash flow breakeven by mid-2023 and has made efforts, such as reducing headcount and expenses while restructuring its sales team. They also established a strategic partnership to enhance commercial growth.
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