Pediatric Revenue Growth
Pediatric revenues increased by 23% compared to the second quarter of 2024, reflecting strong demand from established hospital customers and new centers.
Resolution of Sterilization Vendor Issue
The temporary back order issue due to a sterilization vendor was resolved in the first week of July, allowing the company to build inventory and support future sales.
Transition to KDI Precision Manufacturing
Transition to KDI Precision Manufacturing is expected to result in operational efficiencies and cost savings over the next 12 months.
Increased Reimbursement for Heart Failure
Reimbursement increased from $413 to $1,639 per day for outpatient clinics, which is expected to drive growth in the heart failure segment.
Successful Capital Raise
The company completed a $5 million gross capital raise, bolstering its financial position and supporting core growth initiatives.