Q1 2023 Conference Call Replay
Listen to the replay of the Q1 2023 conference call
Quarterly Financial Results and Business Overview
The Nephros Q1 2023 conference call replay features Andy Astor, retiring President and CEO of Nephros, and Robert Banks, incoming President and CEO. Mr. Astor discusses the first-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 Q1 2023 press release as a complement to the conference call recording. An excerpt of the release is included below.
“We are very pleased to report record quarterly net revenue and positive cash flow, both significant milestones for Nephros,” said Andy Astor, retiring President and Chief Executive Officer. “We are particularly pleased that cash flow turned positive several months earlier than our forecast…”
Andy Astor, retiring President and Chief Executive Officer, continued, “This was driven by multiple factors reflecting our past year’s efforts, including reduced expenses, normalized gross margins, and strong revenue growth in both our core and emergency response businesses.”
Robert Banks, incoming President and Chief Executive Officer, commented, “It is my pleasure to join the Nephros team at this auspicious time. I am excited for the opportunity to build on the company’s recent achievements, particularly with respect to consistently high growth rates and long-term profitability.”