Electromed today announced it appointed Jim Cunniff as president and CEO, effective July 1. He will replace Kathleen Skarvan, who is retiring after 10 years at the company. Cunniff joins the company with more than 30 years of executive leadership experience in the medtech industry with demonstrated success in general management, sales and marketing, finance, […]
Electromed
Electromed wins FDA clearance for next-gen airway clearance generator
Electromed (NYSE:ELMD) announced today that it received FDA 510(k) clearance for its SmartVest Clearway airway clearance system. New Prague, Minnesota-based Electromed designed the system for high-frequency chest wall oscillation (HFCWO) therapy. It represents the fifth generation of Electromed’s technology. According to a news release, the updated approach to HFCWO offers an enhanced patient experience with […]
Electromed beats The Street in Q2 results
Electromed (NYSE:ELMD) posted second-quarter results this week that beat the overall consensus on Wall Street. The New Prague, Minnesota–based airway clearance maker reported profits of $838,000, or 10¢ per share, on sales of $10.2 million for the three months ended Dec. 31, 2021, for a sales growth of 7.92% compared with Q2 2021. Earnings per […]
Electromed posts Street-beating Q3
Electromed (NSDQ:ELMD) shares dipped slightly after hours today despite third-quarter results that topped the consensus forecast. The New Prague, Minn.-based company posted profits of $223,771, or 3¢ per share, on sales of $8.8 million for the three months ended March 31, 2021, for a -65.7% bottom-line slide on sales growth of 0.5%. Electromed’s EPS of […]
Electromed rises on Street-beating Q2
Electromed (NSDQ:ELMD) shares ticked up today on second-quarter results that topped the consensus earnings forecast. The New Prague, Minn.-based airway clearance therapy technology developer posted profits of $1.2 million, or 13¢ per share, on sales of $9.5 million for the three months ended Dec. 31, 2020, for a 1.6% bottom-line gain on sales growth of 11.1%. […]
Electromed beats The Street’s EPS projections
Electromed (NSDQ:ELMD) shares dipped today despite first-quarter EPS results that topped the consensus forecast. The New Prague, Minn.-based airway clearance therapy technology developer posted profits of $535,262, or 6¢ per share, on sales of $8 million for the three months ended Sept. 30, 2020, for a -47.2% bottom-line slide on a sales decline of -3.6%. Adjusted […]
Electromed posts Street-beating Q4
Electromed (NSDQ:ELMD) shares dipped slightly today despite fourth-quarter results that topped the consensus forecast. The New Prague, Minn.-based airway clearance therapy technology developer posted profits of $1.3 million, or 15¢ per share, on sales of $6.9 million for the three months ended June 30, 2020, for a 20.1% bottom-line gain despite a sales decline of -20.1%. […]
Electromed appoints new chief financial officer
Electromed has appointed Michael MacCourt as chief financial officer. MacCourt brings nearly two decades of financial leadership and multidimensional business experience in medical devices to the company, Electromed said yesterday. Prior to joining Electromed, MacCourt was the senior director of commercial finance at Starkey Hearing Technologies. He has also spent over nine years in leadership […]
Medtech 100 roundup: Stocks dip slightly after strong start to month
Medtech stocks ticked down over the course of last week as the COVID-19 pandemic continues to bear economic ramifications. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 82.4 points at the end of last week (May 15). That total represents a -1.9% decline from the 83.98-point […]
Electromed down despite Street-beating Q3 sales
Electromed (NSDQ:ELMD) shares ticked down today on third-quarter results that came out on top of the consensus revenue forecast. The New Prague, Minn.-based airway clearance therapy technology developer posted profits of $653,274, or 7¢ per share, on sales of $8.7 million for the three months ended March 31, 202o, for an 85.1% bottom-line gain on sales […]
Electromed launches SmartVest mobile app
Electromed (NSDQ:ELMD) announced that it launched the SmartVest Connect app for personalized high-frequency chest wall oscillation (HFCWO) therapy management for people with compromised pulmonary function. The app, available on iOS and Android platforms, is designed to securely connect to the SmartVest SQL through Bluetooth technology and allow patients and healthcare teams to track therapy in real-time […]
