Nephros, Inc. announced its financial results for the fourth quarter and full fiscal year ended December 31, 2024. The company reported net revenue of $3.9 million for the fourth quarter. For the full year 2024, net revenue reached $14.2 million, which was flat compared to fiscal year 2023.
A significant financial achievement for the year was a net income of US$1.10 million for fiscal year 2024. This represents a substantial improvement from a net loss of US$1.02 million in fiscal year 2023. The company's shift to full-year profitability marks a key financial turnaround.
As of December 31, 2024, Nephros maintained a strong liquidity position with approximately $3.8 million in cash and cash equivalents. The company also reported operating debt-free. This financial health provides flexibility for strategic investments and continued growth initiatives.
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