Nephros, Inc. announced its financial results for the third quarter ended September 30, 2024, reporting net revenue of $3.5 million. A significant highlight was the achievement of a net income of $0.2 million. This marks the company's first profitable quarter since its inception.
The company also reported Adjusted EBITDA of $295,000 for the third quarter. This financial turnaround reflects operational improvements and strategic execution. The shift to profitability is a key milestone for Nephros.
This positive financial performance underscores the effectiveness of Nephros' focus on its core business and cost management. The company is demonstrating its ability to generate sustainable earnings. This achievement provides a strong foundation for future growth and financial stability.
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