The following is a summary of the Electromed, Inc. (ELMD) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Electromed's Q2 net revenue increased by 17% over the last year, reaching a record of $13.7 million.

• Gross profit rose to $10.5 million or 77% of net revenues due to decreased shipping costs.

• The company reported a record pre-tax income of $2.4 million and net income of $1.7 million, with earnings per share of $0.19.

• Electromed has a strong financial position with $10.4 million in cash, no debt, and an increased working capital to $32.7 million.

Business Progress:

• Electromed plans to grow its top line and capture operating leverage from growth investments.

• Focus remains on treating bronchiectasis patients with SmartVest Airway Clearance technology.

• Plans to engage with key opinion leaders and societies to establish treatment guidelines for bronchiectasis patients are in progress.

• The company plans to continue its sales force expansion, expecting to hire 5 additional sales reps in the second half of their fiscal year.

• Electromed has signed a distribution agreement with Marathon Medical to improve product access in government facilities.

• The company is rolling out the SmartAdvantage program to enhance customer service and streamline order processes.

More details: Electromed IR

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