Nephros, Inc. Provides Earnings Guidance for the Fourth Quarter of 2017
January 04, 2018 at 01:46 pm
Share
Nephros, Inc. provided earnings guidance for the fourth quarter of 2017. The company expects product revenue to be approximately $1,258,000, an increase of approximately 83% over the same period in 2016. Total revenue is projected to exceed $1,300,000, an increase of more than 75% over the same period in 2016. Net cash used in operating activities is expected to be approximately $38,000 including approximately $65,000 of cash paid for interest on outstanding notes.
Nephros, Inc. is a water technology company providing filtration solutions to the medical and commercial markets. The Company provides water filtration products and services, along with water-quality education. It operates through the Water Filtration segment. In the medical markets, it sells water filtration products. In the commercial markets, it manufactures and sells water filters that improve the taste and odor of water and reduce biofilm, bacteria, and scale build-up in downstream equipment. Its products are marketed primarily to the food service, hospitality, convenience store, and health care markets. These commercial products are also marketed into medical markets, as supplemental filtration to its medical filters. The Companyâs filters are primarily used in hospitals for the prevention of infection from waterborne pathogens, such as legionella and pseudomonas, and in dialysis centers for the removal of biological contaminants from water and bicarbonate concentrate.
NEPHROS, INC. 
