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- Nephros Inc NEPH said it expects fourth-quarter FY22 revenue of $2.6 million, a 6% decline year-on-year and below the consensus of $2.8 million.
- The preliminary Q4 revenue represents an increase of 6% quarter-on-quarter.
- The company sees FY22 revenue to decrease 2% Y/Y to $10.0 million, missing the Street view of $10.25 million.
- Nephros ended Q4 with approximately $3.6 million in cash on a consolidated basis.
- "Nephros certainly faced some headwinds in 2022, but we ended the year on a strong positive note, with sequential revenue growth, record Active Customer Sites (ACS), and significantly improved net cash flow," said CEO Andy Astor.
- The company will announce its Q4 and fiscal 2022 results on Wednesday, March 8, 2023.
- Nephros provides water filtration products and services, along with water-quality education, as part of an integrated approach to water safety.
- Price Action: NEPH shares traded higher by 0.88% at $1.15 on the last check Wednesday.
- Photo Via Company
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