KORU Medical Systems (KRMD) Set to Announce Earnings on Wednesday

KORU Medical Systems (NASDAQ:KRMD) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect KORU Medical Systems to post earnings of ($0.04) per share for the quarter. KORU Medical Systems has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

KORU Medical Systems (NASDAQ:KRMD) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. KORU Medical Systems had a negative return on equity of 27.82% and a negative net margin of 48.18%. The business had revenue of $7.19 million for the quarter, compared to analysts’ expectations of $7.01 million. On average, analysts expect KORU Medical Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

KORU Medical Systems Price Performance

Shares of NASDAQ:KRMD opened at $2.23 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.77 and a current ratio of 4.55. The stock’s fifty day simple moving average is $2.19 and its two-hundred day simple moving average is $2.24. KORU Medical Systems has a 1-year low of $1.98 and a 1-year high of $4.45.

Wall Street Analyst Weigh In

Separately, B. Riley restated a “buy” rating and set a $4.00 price objective on shares of KORU Medical Systems in a research note on Thursday, March 14th.

About KORU Medical Systems

KORU Medical Systems, Inc develops and manufactures medical devices and supplies in the United States and internationally. It offers the freedom infusion systems to deliver life-saving therapies to patients with chronic illnesses, such as primary immunodeficiency diseases, chronic inflammatory demyelinating polyneuropathy, and paroxysmal nocturnal hemoglobinuria.