Electromed Inc. (NSDQ:ELMD) was just shy of raising its profits during fiscal 2011, on the strength its fourth-quarter numbers.
The New Prague, Minn.-based airway clearance device firm, which took itself public a year ago, posted profits of $165,000, or 2 cents per share, on sales of $5.0 million during the three months ended June 30. That compares with net income of $71,000, or 1 cent per share, on sales of $3.6 million during the same period last year.