Increase in Consumables Utilization
There was a 21% increase in consumables utilization, indicating higher usage and adoption of the Aquadex system by clinicians.
Critical Care Business Growth
The Critical Care business saw a 35% year-over-year quarterly revenue growth, driven by an increase in both console sales and consumables utilization.
Publication of Clinical Data
A recent peer-reviewed publication in JACC: Heart Failure demonstrated a 60% reduction in heart failure events at 30 days for patients treated with Aquadex therapy compared to traditional IV diuretics.
Improvement in Gross Margin
Gross margin improved to 58.4% in Q4 2024 from 54.4% in the prior year quarter, primarily driven by higher manufacturing volumes and lower fixed overhead costs.
Operating Loss Reduction
Operating loss in Q4 2024 was reduced to $2.4 million from $3.6 million in the prior year, showing a $1.2 million improvement.
Significant Increase in Outpatient Reimbursement
Effective January 1, 2025, the facility reimbursement fee for Aquadex increased nearly four times from $413 to $1,639 per day, opening a new market in outpatient services.