KORU Medical Systems Reports 18% Increase in Q1 2025 Net Revenues, Raises Full-Year Revenue Guidance

Reuters
2025/05/08
KORU Medical Systems Reports 18% Increase in Q1 2025 Net Revenues, Raises Full-Year Revenue Guidance

KORU Medical Systems, Inc. $(KRMD)$ has announced its financial results for the first quarter of 2025, reporting net revenues of $9.6 million, marking an 18% increase compared to the same period in the previous year. The core business, encompassing both domestic and international markets, achieved net revenues of $9.4 million, reflecting a 21% rise from the prior year period. The company's gross profit reached $6.0 million, a 19% increase over the prior year period, with a gross margin of 62.8%, showing a 50-basis point improvement. KORU Medical has also revised its full year 2025 revenue guidance upward to a range of $38.5 million to $39.5 million from the previous range of $38.0 million to $39.0 million. The company maintains its gross margin guidance of 61% to 63% and expects to achieve positive cash flow from operations for the full year. The ending cash balance for the quarter was $8.7 million, with a quarterly cash usage of $0.8 million. The company announced plans to submit two commercialized drugs for FDA 510(k) clearance with its Freedom Infusion System by the end of 2025. Despite facing a challenging macroeconomic environment, KORU Medical continues to experience positive business momentum, driven by new patient starts and increased market share both domestically and internationally.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KORU Medical Systems Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250507094877) on May 07, 2025, and is solely responsible for the information contained therein.

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