Record Revenue Growth
KORU Medical Systems achieved a record revenue of $9.6 million for the first quarter of 2025, representing an 18% increase over the prior year.
Core Business Expansion
The core business grew 21% in the quarter, driven by new patient starts, increased market share, and deeper penetration into new and existing geographies.
International Growth
International business achieved 36% growth, driven by patient growth and new distributor relationships in the Middle East and North Africa.
Gross Margin Improvement
Reported gross margin improved by 50 basis points to 62.8% compared to the previous year.
Raised 2025 Revenue Guidance
The company raised its 2025 revenue guidance to a range of $38.5 million to $39.5 million, representing a 15% to 17% year-over-year growth.
Pipeline Expansion
Plans to submit two additional commercialized drugs for 510(k) clearance for the Freedom Infusion System by the end of 2025, bringing the total pipeline to five planned submissions.
Positive Cash Flow Expectation
The company expects to generate positive cash flow from operations in 2025.
Prefilled Syringe Tender Win
Secured a key prefilled syringe tender win with a major pharmaceutical partner in the EU, marking a significant milestone.