Nephros, Inc. reported net revenue of $3.3 million for the second quarter of 2024. The company recorded a net loss of $0.3 million during this period. This performance reflects a challenging quarter for top-line growth.
The emergency response business segment experienced a significant year-over-year decline of 92% in Q2 2024. This volatility in emergency sales impacted overall revenue figures. Management is focusing on non-emergency growth and digital innovation to stabilize revenue streams.
Despite the revenue decline and net loss, Nephros is expanding its customer base. The company is prioritizing strategic initiatives aimed at fostering long-term growth in its programmatic business. This includes efforts to convert emergency response clients into more predictable, recurring customers.
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