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Electromed (ELMD)
NYSE MKT:ELMD
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.18Last Year’s EPS
$0.19Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 4.88%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong start to fiscal year 2025 with significant revenue growth, improved operational efficiencies, and increased profitability. Despite minor challenges in homecare distributor revenue and reduced R&D expenses, the positive developments and strategic initiatives indicate a strong outlook for Electromed.Company Guidance
During Electromed's Q1 2025 earnings call, several key metrics were highlighted that demonstrate the company's strong start to the fiscal year. Net revenue for the quarter was reported at $14.7 million, marking a 19% year-over-year increase. Home care revenue grew by 18.5% and hospital business revenue saw a 36.1% increase, reflecting successful strategic growth initiatives. Operating income reached $1.9 million, a significant rise from $0.1 million in the same quarter of the previous fiscal year. Earnings before taxes stood at $2.1 million, with diluted earnings per share at $0.16. The company also reported gross profit of $11.5 million, representing 78.3% of net revenues, and a field sales force of 60 employees, including 53 direct sales representatives. Additionally, Electromed announced a share repurchase program, with 262,756 shares repurchased for $4.536 million as of the end of the quarter. The company concluded the quarter with $13.9 million in cash and no debt, showcasing strong financial health and growth momentum.Continued Revenue Growth
Electromed reported net revenue of $14.7 million, marking a 19% year-over-year increase. This is the eighth consecutive quarter of year-over-year revenue and profit growth.
Significant Growth in Hospital Revenue
Hospital business revenue grew 36.1%, driven by stronger demand for capital devices and disposable products used in hospitals.
Operational Efficiency Improvements
Investments in route optimizing and optical character recognition software have improved productivity and patient access to life-changing technology sooner.
Increased Operating Income
Operating income increased to $1.9 million compared to $0.1 million in the same quarter of fiscal year 2024.
Strong Earnings Before Taxes
Earnings before taxes reached $2.1 million, with diluted earnings per share of $0.16.
Strategic Sales Team Expansion
The sales team expanded to 53 direct sales reps with a near-term target of 57, enhancing market penetration.
Positive ISO 13485 Audit
Electromed successfully completed its annual ISO 13485 audit, verifying compliance with quality management standards and regulatory requirements.
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ELMD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ELMD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $26.44 | $27.79 | +5.11% |
| Aug 27, 2024 | $16.05 | $15.00 | -6.54% |
| May 07, 2024 | $17.51 | $17.08 | -2.46% |
| Feb 13, 2024 | $10.14 | $12.87 | +26.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Electromed (ELMD) report earnings?
Electromed (ELMD) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Electromed (ELMD) earnings time?
Electromed (ELMD) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELMD EPS forecast?
ELMD EPS forecast for the fiscal quarter 2025 (Q2) is $0.18.
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