Q2 2024 Conference Call Replay
Listen to the replay of the Q2 2024 conference call
Quarterly Financial Results and Business Overview
The Nephros Q2 2024 conference call replay features Robert Banks, President and CEO of Nephros, and Judy Krandel, Chief Financial Officer. Mr. Banks presents an overview of the business over the last three months and an outlook for the future. Ms. Krandel provides detailed financial results for the first quarter.
Read the Q2 2024 press release as a complement to the conference call recording. An excerpt of the release is included below.
“The results this quarter reinforce our perspective following Q1, and reflect continued progress within our regular, programmatic business…” said Robert Banks, President and Chief Executive Officer.
“The team has done a great job at securing new business with over 300 new accounts added in the past 12 months. This expansion represents an 8% increase year-over-year in programmatic, non-emergency response sales, outpacing the growth of the market,” Robert Banks added, “In contrast, we have observed a decline in the emergency response business, leading to muted overall revenue. We believe that one contributor to this shift is the reduced stringency of waterborne risk response in territories previously committed to both proactive filtration measures and robust corrective actions.”
Robert Banks continued, “While Nephros is growing its active customer sites faster than ever, a portion of our user base is failing to maintain filter changeout schedules, subsequently leading to inconsistent reorders. Such facilities are challenged by a variety of factors, including reduced labor forces and lengthy processes for purchasing approval. In order to respond, Nephros continues to develop a variety of new business models such as digital support, automatic replenishment, and the bundling of services with filter purchases.”
