Q2 2022 Conference Call Replay
Listen to the replay of the Q2 2022 conference call
Quarterly Financial Results and Business Overview
The Nephros Q2 2022 conference call replay features Andy Astor, President and CEO of Nephros, as he discusses the second-quarter financial results and presents an overview of the business over the last three months with additional insights covering the commercial perspective and outlook for the future.
Read the Q2 2022 press release as a complement to the conference call recording. An excerpt of the release is included below.
“We are pleased to report strong revenue growth, up 27% year-over-year, and 32% compared to the first quarter of 2022,” said Andy Astor, President and Chief Executive Officer. “Further, our Active Customer Sites (ACS) rose to a new high of 1,349, representing increases of 21% year-over-year and 6% from the first quarter of 2022. We believe ACS is an important leading indicator of future revenue growth.”
Mr. Astor, continued, “While this quarter’s results were improved, our results in the prior quarter made clear the need to re-evaluate our cost structure. During the quarter, we took several actions, including price increases to cover inflation and increased supply chain costs, headcount and professional services reductions, optimized production operations, and reduced product SKUs. Each of these actions was taken with intent to achieve positive cash flow by mid-2023.”