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Nephros (NEPH) investor relations material
Nephros Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 net revenue reached $4.4M, up 36% year-over-year, marking the third consecutive profitable quarter.
Net income for Q2 2025 was $237K, reversing a net loss of $289K in Q2 2024; six-month net income totaled $795K.
Programmatic and emergency response sales drove revenue growth, with record programmatic sales and active-site counts.
Company now serves over 1,500 active customer sites, achieving the highest retention rate in six quarters.
Strategic focus on expanding into new verticals and launching innovative products to sustain growth.
Financial highlights
Q2 2025 net revenue: $4.4M, up from $3.3M in Q2 2024; six-month revenue: $9.3M, up from $6.8M.
Gross margin improved to 63% in Q2 2025 from 59% in Q2 2024; six-month gross margin: 64%.
Net income for Q2: $237K, compared to a net loss of $289K in Q2 2024; six-month net income: $795K vs. $458K loss.
Adjusted EBITDA for Q2: $355K, up from a loss of $133K in Q2 2024; six-month adjusted EBITDA: $1M vs. $(228K) prior year.
Cash and cash equivalents at June 30, 2025: $5.1M, up from $3.8M at year-end 2024; company remains debt free.
Outlook and guidance
Management expects current cash balances to fund operations for at least the next 12 months.
Focus remains on expanding into underserved verticals and launching new products to sustain growth.
Operational discipline, profitability protection, and expense management are key priorities.
If operating results fall short, discretionary spending may be reduced, including headcount and R&D.
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