Nephros Foresees 6% Revenue Decline In Q4

Nephros Inc NEPH said it expects fourth-quarter FY22 revenue of $2.6 million, a 6% decline year-on-year and below the consensus of $2.8 million.
The preliminary Q4 revenue represents an increase of 6% quarter-on-quarter.
The company sees FY22 revenue to decrease 2% Y/Y to $10.0 million, missing the Street view of $10.25 million.
Nephros ended Q4 with approximately $3.6 million in cash on a consolidated basis.
"Nephros certainly faced some headwinds in 2022, but we ended the year on a strong positive note, with sequential revenue growth, record Active Customer Sites (ACS), and significantly improved net cash flow," said CEO Andy Astor.
The company will announce its Q4 and fiscal 2022 results on Wednesday, March 8, 2023.
Nephros provides water filtration products and services, along with water-quality education, as part of an integrated approach to water safety.
Price Action: NEPH shares traded higher by 0.88% at $1.15 on the last check Wednesday.
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