🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Electromed director Andrew Summers sells shares worth $1.05 million

Published 12/07/2024, 06:10 AM
ELMD
-

Following these transactions, Summers holds a total of 300,629 shares directly and indirectly through the aforementioned funds. This series of sales represents a significant divestment by Summers, reflecting his strategic financial decisions regarding his holdings in Electromed (NYSE:ELMD). For deeper insights into insider trading patterns and comprehensive financial analysis, access the full Pro Research Report available on InvestingPro. For deeper insights into insider trading patterns and comprehensive financial analysis, access the full Pro Research Report available on InvestingPro.

Following these transactions, Summers holds a total of 300,629 shares directly and indirectly through the aforementioned funds. This series of sales represents a significant divestment by Summers, reflecting his strategic financial decisions regarding his holdings in Electromed. For deeper insights into insider trading patterns and comprehensive financial analysis, access the full Pro Research Report available on InvestingPro.

Following these transactions, Summers holds a total of 300,629 shares directly and indirectly through the aforementioned funds. This series of sales represents a significant divestment by Summers, reflecting his strategic financial decisions regarding his holdings in Electromed.

In other recent news, Electromed Incorporated announced significant growth for the first quarter of fiscal year 2025, with net revenues increasing by 19% to reach $14.7 million. This surge was driven by a rise in both home care and hospital revenues. Home care revenues saw an 18.5% increase to $13.2 million, while hospital revenues surged by 36.1% to $690,000. The company's operating income also took a substantial leap to $1.9 million, from $0.1 million in the same quarter of the previous year, with earnings per share reported at $0.16.

In other developments, the company has expanded its sales team to 53 representatives and launched a successful awareness campaign that engaged over 6,000 clinicians. At its recent annual shareholder meeting, Electromed adopted gender-neutral bylaws and re-elected eight directors to the board. The shareholders also ratified the appointment of RSM US LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2025. Despite a slight increase in operating expenses due to sales team expansion, Electromed remains in a strong financial position with no debt and a cash balance of $13.9 million.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.