Consistent Revenue and Profit Growth
Electromed reported its twelfth consecutive quarter of year-over-year revenue and profit growth with a 15% increase in revenue, reaching $16.9 million.
Recognition of Growth Leadership
Electromed was recognized by Time Magazine as one of America's top 100 growth leaders, showcasing revenue growth and financial security.
Broad-Based Channel Growth
Core home care channel grew 13%, distributor sales increased by 41%, and hospital sales surged 52% year-over-year.
Stock Repurchase Program
A $10 million stock repurchase program was authorized, reinforcing the company's belief in its investment value.
Operational Efficiency Improvements
Operating income rose 38% year-over-year to $2.7 million, demonstrating operational efficiency and disciplined cost management.
Expansion of Sales Force
Direct home care sales force expanded to 57 representatives, supporting long-term growth strategies.
CRM System Launch
A new CRM system was launched on time and on budget, improving field productivity and market insights.
Manufacturing Optimization Completed
The manufacturing facility was restructured to improve production efficiency with no disruptions to patient deliveries.