Q3 2024 Conference Call Replay
Listen to the replay of the Q3 2024 conference call
Quarterly Financial Results and Business Overview
The Nephros Q3 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 third quarter.
Read the Q3 2024 press release as a complement to the conference call recording. An excerpt of the release is included below.
“I am very excited to report our first profitable quarter, marking a major milestone in our pursuit of acheiving operational excellence.” said Robert Banks, President and Chief Executive Officer.
“I am also pleased to report we had positive-adjusted EBITDA for both the third quarter and first nine months of 2024,” stated Robert Banks, President and Chief Executive Officer. “Although most of our sales regions showed solid growth and steady performance with existing customers, our [South Central] region continued to miss expectations, which resulted in some reorganization. Additionally, a handful of our larger accounts exhibited slower-than-usual ordering patterns, as demonstrated by a slight decrease in same-site sales. We continue to push forward with actions designed to mitigate the reduction in programmatic reorders, as outlined during our previous earnings call.”
Mr. Banks continued, “While Nephros prepares to launch digital support for filter installation, we are ramping up our service capabilities to foster installation commissions and complement filter sales. We believe these efforts will offset customer non-compliance with filter changeout schedules.”
