Nephros, Inc. Reports First Profitable Year
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Nephros, Inc. (NEPH) reported its Q4 earnings, marking its first profitable year with a net income of $349,000 in Q4 and $74,000 for the fiscal year 2024. The company achieved a steady net revenue of $14.2 million, a 19% increase in Q4 revenue year-over-year, and a gross margin of 62%. Nephros launched the 20” HydraGuard Ultrafilter and expanded its customer base by nearly 600 sites, positioning itself for future growth in the water technology sector.
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