Latest news with #Nephros
Associated Press
28-05-2025
- Business
- Associated Press
Nephros to Host Analyst and Investor Virtual Event
Reaffirming Commitment to Innovation, Industry Leadership, and Shareholder Value SOUTH ORANGE, NJ - May 28, 2025 ( NEWMEDIAWIRE ) - Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing high-performance filtration solutions to the medical and commercial markets, today announced that they will host an upcoming Analyst and Investor Virtual Event. Robert Banks, Chief Executive Officer, will deliver an in-depth company presentation to provide a deeper dive into the overall business and its growth drivers at 11am on Monday, June 16th, 2025. A live Q&A session will follow, where investors will have the opportunity to engage directly with company leadership. Chief Financial Officer Judy Krandel will also be available to answer questions. The Analyst and Investor Virtual Event brings together investors, industry analysts, and business leaders to discuss emerging trends and innovations shaping the water safety landscape. Event Details: For more information and to register, please visit our Registration Page. A replay will be accessible for a limited time following the event. About Nephros Nephros is a leading provider of filtration products to the medical, commercial, and industrial markets, offering a wide range of solutions that deliver superior filtration performance. With its advanced hollow-fiber technology and effective commercial filter media, Nephros products help protect against waterborne contaminants, ensuring the highest level of water quality. For more information about Nephros and its support for water safety, visit Forward-Looking Statements This release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding Nephros' expected benefits of the S100 In-Line filter and other statements that are not historical facts, including statements that may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including inflationary factors and general economic conditions, changes in business and competitive conditions, the availability of capital when needed, dependence on third-party manufacturers, distributors and researchers, and regulatory reforms. These and other risks and uncertainties are detailed in Nephros' reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2024, which it may update in Part II, Item 1A – Risk Factors in its Quarterly Reports on Form 10-Q that it has filed or will file hereafter. Nephros does not undertake any responsibility to update the forward-looking statements in this release. Investor Relations Contacts: Kirin Smith, President PCG Advisory, Inc. (646) 823-8656 [email protected] Robert Banks, CEO Nephros, Inc. (201) 343-5202 [email protected] Judy Krandel, CFO Nephros, Inc. (201) 343-5202 [email protected]
Associated Press
08-05-2025
- Business
- Associated Press
Nephros Announces Financial Results for Quarter Ended March 31, 2025
First-Quarter Net Revenue of $4.9 million; Robust Growth Drives 38% Increase in Net Revenue SOUTH ORANGE, NJ - May 8, 2025 ( NEWMEDIAWIRE ) - 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 March 31, 2025. Financial Highlights 'Q1 2025 marked a strong start to the year, with a record quarterly net revenue of $4.9M characterized by robust growth and all-time highs in both core programmatic business and emergency response business. Net revenue increased by $1.4 million, or 38%, in the first quarter of 2025 compared to the same period in 2024,' said Robert Banks, President and Chief Executive Officer of Nephros. 'More specifically, the results of our programmatic business in the first quarter represent a pinnacle in performance, additionally complemented by a similar peak within our dialysis business. These increases in demand reflect improved reorder rates and, we believe, demonstrate the value of our product portfolio.' Robert Banks noted, 'As mentioned above, we saw a record escalation in emergency business along with more geographically diverse demand than in prior periods. While we continue to position ourselves as the company to rely on in a water-safety-related crisis, we do not anticipate this level of emergency activity to persist throughout the year, particularly with recent administrative changes and attitudes toward regulation. Rather, we continue to focus on our core programmatic business, an approach which continues to yield positive returns.' Commenting on overall performance and outlook, Robert Banks continued, 'Taking the totality of our business results into account, our first-quarter results highlight growing market adoption and operational momentum, as further evidenced by our expanding number of active sites - a record high of 1,600 in Q1 - and the hundreds of filter locations logged within our digital support app. Looking ahead, although the recent tariff activity has created some macro-economic uncertainties, we believe Nephros is well-positioned among long-term customers and with strong margins, to maintain our footing and weather challenges. To reinforce our standing, Nephros will continue to innovate with a pipeline of new product launches and capability advancements.' Financial Performance for the Quarter Ended March 31, 2025 Net revenue for the three months ended March 31, 2025, and 2024 was $4.9 million, and $3.5 million respectively, an increase of 38%. Our core programmatic revenue grew by 23% over the same period in 2024. The increase in programmatic sales reflects strong reorders, a number of new active sites, as well as some pre-ordering for the year ahead of a small price increase put through in February 2025. Cost of goods sold for the first quarter of 2025 was $1.7 million, compared with $1.3 million in the first quarter of 2024, an increase of 29%. Gross margin for the first quarter of 2025 was 65%, compared with 62% in the first quarter of 2024. The increase in gross margin was primarily driven by a price increase implemented during the first quarter and a more favorable product mix coupled with lower inventory reserves and write-offs compared to the prior period. Selling, general and administrative expenses for the first quarter of 2025 were approximately $2.3 million, compared with $2.1 million in 2024, an increase of 5% due to higher sales commissions resulting from increased revenue and stock compensation expense. Research and development expenses for the first quarter of 2025 were $0.3 million, compared with $0.2 million in the first quarter of 2024, an increase of 39% due to higher headcount. Depreciation and amortization expenses for the first quarter of 2025 were approximately $39,000, compared with approximately $33,000 in the first quarter of 2024. As a result of the improved sales and gross margins, net income for the first quarter of 2025 was $0.6 million, compared with a net loss of ($0.2 million) during the same period in 2024. We are extremely pleased to show our second quarterly net income in the Company's history. Adjusted EBITDA for the first quarter 2025 was approximately $0.7 million, compared with approximately ($0.1 million) in the first quarter of 2024. As of March 31, 2025, Nephros had cash and cash equivalents of approximately $4.1 million, compared to $3.8 million as of December 31, 2024, and remains debt free. Adjusted EBITDA Definition and Reconciliation to GAAP Financial Measures Adjusted EBITDA is calculated by taking net income (loss) calculated in accordance with generally accepted accounting principles ('GAAP') and excluding all interest-related expenses and income, tax-related expenses and income, non-recurring expenses and income, and non-cash items, including depreciation, amortization, non-cash inventory write-offs, and non-cash compensation. The following tables present a reconciliation of Adjusted EBITDA to net income (loss), the most directly comparable GAAP financial measure, for the first quarter of the 2025 fiscal year: Nephros believes that Adjusted EBITDA provides useful information to management and investors regarding certain financial and business trends relating to Nephros' financial condition and results of operations. Management does not consider Adjusted EBITDA in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of Adjusted EBITDA is that it excludes significant expenses and income that are required by GAAP to be recognized in Nephros' financial statements. In addition, Adjusted EBITDA is subject to inherent limitations as it reflects the exercise of judgments by management about which expenses and income are excluded or included in determining Adjusted EBITDA. To compensate for these limitations, management presents Adjusted EBITDA in connection with net income (loss), the most directly comparable GAAP financial measure. Nephros urges investors to review the reconciliation of Adjusted EBITDA to net income (loss) and not to rely on any single financial measure to evaluate the business. Conference Call Today at 4:30pm Eastern Time Nephros will host a conference call today at 4:30pm ET, during which management will discuss Nephros' financial results and provide a general business overview. Participants may dial into the call as follows: Domestic access: 1 (844) 808-7106 International access: 1 (412) 317-5285 Upon joining, please ask to be joined into the Nephros conference call. An audio archive of the call will be available shortly after the call on the Nephros Investor Relations page. Alternatively, a replay of the call may be accessed until May 15th, 2025 at 1 (877) 344-7529 or 1 (412) 317-0088 for international callers and entering replay access code: 5819979. About Nephros Nephros is committed to improving the human relationship with water through leading, accessible technology. We provide innovative water filtration products and services, along with water-quality education, as part of an integrated approach to water safety. Nephros goods serve the needs of customers within healthcare and commercial markets, offering both proactive and emergency solutions for water management. For more information about Nephros, please visit Forward-Looking Statements This release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding Nephros' expected future revenue growth and the timing of such growth, the effect of new regulations on future revenue growth, the expected competitive advantages and anticipated impact of new product offerings, and other statements that are not historical facts, including statements that may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including Nephros' ability to further develop its sales organization and realize increased revenues, the extent to which financial results based on emergency response sales can be outside Nephros' control, the extent to which U.S. tariffs may increase our expenses, inflationary factors and other economic and competitive conditions, the availability of capital when needed, dependence on third-party manufacturers and researchers, and regulatory reforms. These and other risks and uncertainties are detailed in Nephros' reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2024, which it may update in Part II, Item 1A – Risk Factors in its Quarterly Reports on Form 10-Q that it has filed or will file hereafter. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this release, and Nephros does not undertake any responsibility to update any forward-looking statements that it makes, except as may be required by law. Investor Relations Contacts: Kirin Smith, President PCG Advisory, Inc. (646) 823-8656 [email protected] Robert Banks, CEO Nephros, Inc. (201) 343-5202 x110 [email protected]
Associated Press
30-04-2025
- Business
- Associated Press
Nephros Schedules First Quarter 2025 Financial Results Conference Call
SOUTH ORANGE, NJ - April 30, 2025 ( NEWMEDIAWIRE ) - Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration solutions to the medical and commercial markets, today announced that it will file its first-quarter financial results on Thursday, May 08, 2025 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 ask to be joined into the Nephros conference call. An audio archive of the call will be available shortly after the call on the Nephros Investor Relations page. Alternatively, a replay of the call may be accessed until May 15th, 2025 at 1 (877) 344-7529 or 1 (412) 317-0088 for international callers and entering replay access code: 5819979. About Nephros Nephros is committed to improving the human relationship with water through leading, accessible technology. We provide innovative water filtration products and services, along with water-quality education, as part of an integrated approach to water safety. Nephros goods serve the needs of customers within medical and commercial markets, offering both proactive and emergency solutions for water management. For more information about Nephros, please visit us at Investor Relations Contacts: Kirin Smith, President PCG Advisory, Inc. (646) 823-8656 [email protected] Robert Banks, CEO Nephros, Inc. (201) 343-5202 x110 [email protected]
Associated Press
28-04-2025
- Business
- Associated Press
Nephros Launches New S100 In-Line Microfilter
New Filter Offers Enhanced Installation Flexibility for Bacterial Retention SOUTH ORANGE, NJ - April 28, 2025 ( NEWMEDIAWIRE ) - Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration solutions to medical and commercial markets, today announced the launch of its S100 In-Line filter. The S100 In-Line filter model is an extension of the existing S100 microfiltration line, expanding Nephros' infection control portfolio to offer greater flexibility in installation and broader application versatility. Designed to support bacterial remediation in both clinical and non-clinical settings, the new in-line model enables installations beyond traditional sink and shower fixtures to include low-pressure plumbing environments commonly found in emergency eyewash and shower stations, pharmaceutical and laboratory settings, dental equipment, and recreational vehicle water supplies. The new in-line model maintains the trusted performance and safety standards of the S100 product line, such as a 0.1-micron pore size and FDA 510(k)-clearance as a Class II medical device. It features an increased flow rate, a filter life of up to 90 days, and achieves bacterial retention performance in accordance with ASTM F838 standards. With this release, Nephros bridges the functional gap between its microfiltration and ultrafiltration product lines, offering a more complete and versatile product portfolio. 'The S100 in-line microfilter is a practical extension of our medical-grade filtration offerings,' said Robert Banks, President & CEO of Nephros. 'It allows us to address specific installation scenarios where traditional sink or shower fixture filters are not suitable, and within low-pressure environments where the use of our in-line ultrafilters is not appropriate. This addition enhances our ability to support customers with more tailored, flexible water safety solutions.' The S100 In-Line microfilter is available in two configurations, Quick Connect (70-0288) and Threaded (70-0289), to accommodate varying installation needs. Two compatible installation kits (70-0290 and 70-0347), ensure ease of integration across diverse environments. About Nephros Nephros is a leading provider of filtration products to the medical, commercial, and industrial markets, offering a wide range of solutions that deliver superior filtration performance. With its advanced hollow-fiber technology and effective commercial filter media, Nephros products help protect against waterborne contaminants, ensuring the highest level of water quality. For more information about Nephros and its support for water safety, visit Forward-Looking Statements This release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding Nephros' expected benefits of the S100 In-Line filter and other statements that are not historical facts, including statements that may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including inflationary factors and general economic conditions, changes in business and competitive conditions, the availability of capital when needed, dependence on third-party manufacturers, distributors and researchers, and regulatory reforms. These and other risks and uncertainties are detailed in Nephros' reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2024, which it may update in Part II, Item 1A – Risk Factors in its Quarterly Reports on Form 10-Q that it has filed or will file hereafter. Nephros does not undertake any responsibility to update the forward-looking statements in this release. Investor Relations Contacts: Kirin Smith, President PCG Advisory, Inc. (646) 823-8656 [email protected] Robert Banks, CEO Nephros, Inc. (201) 343-5202 [email protected] Judy Krandel, CFO Nephros, Inc. (201) 343-5202 [email protected]
Associated Press
27-02-2025
- Business
- Associated Press
Nephros Schedules Conference Call for Fourth Quarter and Fiscal Year 2024 Financial Results
SOUTH ORANGE, NJ - February 26, 2025 ( NEWMEDIAWIRE) - 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 fourth-quarter and fiscal year financial results on Thursday, March 6, 2025 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 ask to be joined into the Nephros conference call. An audio archive of the call will be available shortly after the call on the Nephros Investor Relations page. Alternatively, a replay of the call may be accessed until March 13, 2025 at 1 (877) 344-7529 or 1 (412) 317-0088 for international callers and entering replay access code: 1414130. About Nephros Nephros is a leading provider of filtration products to the medical, commercial, and industrial markets, offering a wide range of solutions that deliver superior filtration performance. With its advanced hollow-fiber technology and effective commercial filter media, Nephros products help protect against waterborne contaminants, ensuring the highest level of water quality. For more information about Nephros, please visit us at Investor Relations Contacts: PCG Advisory, Inc. Nephros, Inc. (201) 343-5202 x110
