New Contracts and Diversification
Rockwell Medical diversified its customer base by signing several new contracts with leading hemodialysis providers, enhancing its position as a preferred provider with high-quality products.
Manufacturing Efficiency
The company continued to consolidate and automate its manufacturing operations, reducing expenses and sustaining its gross margin within the guidance range.
Product Portfolio Expansion
Rockwell Medical added a single-use bicarbonate cartridge technology to its portfolio, targeting a fast-growing segment in the dialysis products market.
Gross Margin Improvement
Q1 2025 gross margin increased to 16%, up from 14% in the same period of 2024.
Net Loss Improvement
Net loss for Q1 2025 was $1.5 million, an improvement from a net loss of $1.7 million in Q1 2024.