Q4 / FY 2023 Conference Call Replay
Listen to the replay of the Q4 / FY 2023 conference call
Quarterly and Year-End Financial Results and Business Overview
The Nephros Q4 / FY 2023 conference call replay features Robert Banks, President and CEO of Nephros, and Judy Krandel, Chief Financial Officer, discussing the fourth-quarter and year-end financial results along with an overview of the business over 2023.
Read the Q4 / FY 2023 press release as a complement to the conference call recording. An excerpt of the release is included below.
“2023 was an exciting year for Nephros. With freshly streamlined operations and a refocus on filtration, we grew sales 43% for the full year,” said Robert Banks, President and Chief Executive Officer.
“Additionally, new water management guidance, such as ASHRAE 514, has enabled our expanded salesforce to propel Nephros solutions to the front of the line within healthcare facilities,” said Robert Banks, President and Chief Executive Officer. “We believe our infection control water filters are well-positioned to fulfill the latest directive recommendations and serve broadened customer needs.”
“In my view, our ability to leverage the current regulatory landscape has been a significant driver of growth, as well as our active engagement of new partners and strengthening of existing relationships,” remarked Mr. Banks. “Further, we have enacted a series of deliberate and transformative operational improvements to our supply chain management and consolidated expansion of our corporate footprint. Among these improvements was the opening of our new warehouse space in the fourth quarter, which has enabled us to increase delivery efficiency while supporting growing sales and solving the challenge of significant inventory expansion. Another enhancement was the extension of our supplier production agreement, which helps ensure an uninterrupted source of product.”
Mr. Banks continued, “I am very excited about the momentum we have built and am buoyed by the tailwinds created as a result of more stringent water safety standards along with heightened awareness of microbiological proliferation. I look forward to sharing future products, tools and key partnerships as they develop.”
