Electromed Inc (A:ELMD)

Business Focus: Advanced Medical Equipment & Technology

Sector:  Healthcare Industry:  Advanced Medical Equipment & Technology
 
See Regulatory Filings on SEC
Company Contact
Address: 500 6th Ave NW
NEW PRAGUE MN 56071
Tel: 1-617-8779641
Website: https://smartvest.com
IR: See website
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Key People
James L. Cunniff
President, Chief Executive Officer, Director
Bradley M. Nagel
Chief Financial Officer, Treasurer, Company Secretary
 
Business Overview
Electromed, Inc. develops, manufactures, markets and sells products that provide airway clearance therapy, including the SmartVest Airway Clearance System, to patients with compromised pulmonary function. The Company applies High Frequency Chest Wall Oscillation (HFCWO) technologies in pulmonary care for patients of all ages. The SmartVest Clearway System consists of an inflatable therapy garment, a programmable air pulse generator and a patented single-hose that delivers air pulses from the generator to the garment to create oscillatory pressure on the chest wall. Its SmartVest Connect wireless technology is a personalized HFCWO therapy management portal for patients with compromised pulmonary function. The SmartVest Connect app securely connects to the SmartVest System through Bluetooth technology. The Company also markets the Single Patient Use (SPU) SmartVest and SmartVest Wrap to health care providers in the acute care setting.
Financial Overview
For the nine months ended 31 March 2024, Electromed Inc revenues increased 16% to $39.9M. Net income increased 56% to $3.3M. Revenues reflect Home Care-Commercial segment increase of 39% to $17.7M, Homecare-Medicare Supplemental segment increase from $1.1M to $3.4M. Net income benefited from Interest Income increase from $37K to $293K (income), Research and development decrease of 22% to $480K (expense).
Employees: 170 as of Jun 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $134.31M as of Mar 31, 2024
Annual revenue (TTM): $53.50M as of Mar 31, 2024
EBITDA (TTM): $6.56M as of Mar 31, 2024
Net annual income (TTM): $4.36M as of Mar 31, 2024
Free cash flow (TTM): $4.79M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 8,655,727 as of May 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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