Revenue and Net Income Growth
Electromed reported its 10th consecutive quarter of year-over-year revenue and net income growth. Revenue for Q3 FY2025 was $15.7 million, up 13.1% from the same period a year ago. Net income increased 26.7% year-over-year to $1.9 million.
Operational Initiatives and Expansion
The company has expanded its team of direct sales reps to 55, up from 51 the previous year. A new Veterans Administration direct-to-consumer outreach program was launched in 11 cities, resulting in 1,200 clicks and 1,100 page views.
Gross Profit and Margin Improvement
Gross profit increased to $12.2 million, or 78.0% of net revenues, up from 74.8% in the previous year. The increase was attributed to higher net revenue per device.
Share Repurchase Program
The Board approved a share repurchase of up to $5 million worth of Electromed stock. In Q3, $1.4 million worth of stock was repurchased, bringing fiscal year-to-date repurchases to $6.4 million.