2024 Q4 Form 10-Q Financial Statement
#000089710124000563 Filed on November 12, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $14.67M | |
YoY Change | 19.02% | |
Cost Of Revenue | $3.177M | |
YoY Change | 12.42% | |
Gross Profit | $11.49M | |
YoY Change | 20.98% | |
Gross Profit Margin | 78.34% | |
Selling, General & Admin | $9.387M | |
YoY Change | 2.59% | |
% of Gross Profit | 81.69% | |
Research & Development | $166.0K | |
YoY Change | -19.42% | |
% of Gross Profit | 1.44% | |
Depreciation & Amortization | $202.0K | |
YoY Change | 0.0% | |
% of Gross Profit | 1.76% | |
Operating Expenses | $9.553M | |
YoY Change | 2.11% | |
Operating Profit | $1.938M | |
YoY Change | 1264.79% | |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $2.133M | |
YoY Change | 873.97% | |
Income Tax | $659.0K | |
% Of Pretax Income | 30.9% | |
Net Earnings | $1.474M | |
YoY Change | 850.97% | |
Net Earnings / Revenue | 10.05% | |
Basic Earnings Per Share | $0.17 | |
Diluted Earnings Per Share | $0.16 | |
COMMON SHARES | ||
Basic Shares Outstanding | 8.458M shares | 8.639M shares |
Diluted Shares Outstanding | 8.981M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $13.86M | |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | $3.434M | |
Prepaid Expenses | ||
Receivables | $22.37M | |
Other Receivables | ||
Total Short-Term Assets | $41.01M | |
YoY Change | 13.3% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $5.003M | |
YoY Change | -9.6% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $90.00K | |
YoY Change | -37.06% | |
Total Long-Term Assets | $7.905M | |
YoY Change | 0.43% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $41.01M | |
Total Long-Term Assets | $7.905M | |
Total Assets | $48.92M | |
YoY Change | 11.0% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.784M | |
YoY Change | 68.78% | |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $7.419M | |
YoY Change | 28.45% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | ||
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | ||
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $7.419M | |
Total Long-Term Liabilities | ||
Total Liabilities | $7.427M | |
YoY Change | 27.09% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $20.59M | |
YoY Change | 8.65% | |
Common Stock | $85.00K | |
YoY Change | -1.16% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $41.49M | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $48.92M | |
YoY Change | 11.0% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $1.474M | |
YoY Change | 850.97% | |
Depreciation, Depletion And Amortization | $202.0K | |
YoY Change | 0.0% | |
Cash From Operating Activities | $2.309M | |
YoY Change | -1046.31% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $37.00K | |
YoY Change | -66.06% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$58.00K | |
YoY Change | -56.39% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$4.467M | |
YoY Change | -15503.45% | |
NET CHANGE | ||
Cash From Operating Activities | $2.309M | |
Cash From Investing Activities | -$58.00K | |
Cash From Financing Activities | -$4.467M | |
Net Change In Cash | -$2.216M | |
YoY Change | 536.78% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $2.309M | |
Capital Expenditures | $37.00K | |
Free Cash Flow | $2.272M | |
YoY Change | -743.63% |
Facts In Submission
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2024-09-30 | |
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Electromed, Inc. | |
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Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
84000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
29000 | usd |
CY2024Q3 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
15000 | usd |
CY2024Q3 | us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
4536000 | usd |
CY2024Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4467000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
29000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2216000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-348000 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
16080000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
7372000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
13864000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
7024000 | usd |
CY2024Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
752000 | usd |
CY2023Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
251000 | usd |
CY2024Q3 | elmd |
Property And Equipment Acquisitions In Accounts Payable
PropertyAndEquipmentAcquisitionsInAccountsPayable
|
7000 | usd |
CY2023Q3 | elmd |
Property And Equipment Acquisitions In Accounts Payable
PropertyAndEquipmentAcquisitionsInAccountsPayable
|
34000 | usd |
CY2023Q3 | elmd |
Demonstration Equipment Returned To Inventory
DemonstrationEquipmentReturnedToInventory
|
19000 | usd |
CY2024Q3 | elmd |
Taxes Owed On Net Share Settlement Of Stock Awards In Accrued Liabilities
TaxesOwedOnNetShareSettlementOfStockAwardsInAccruedLiabilities
|
740000 | usd |
CY2024Q3 | elmd |
Issuance Of Common Stock Upon Vesting Of Performancebased Stock Units
IssuanceOfCommonStockUponVestingOfPerformancebasedStockUnits
|
1000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
37667000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
155000 | usd |
CY2023Q3 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
29000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
371000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
38222000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
44545000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1474000 | usd |
CY2024Q3 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
-670000 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
697000 | usd |
CY2024Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4558000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
41488000 | usd |
CY2024Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
14668000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
12324000 | usd |
CY2024Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
22366000 | usd |
CY2024Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
23333000 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
754000 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
719000 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
719000 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
-638000 | usd |
CY2024 | us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
-2325000 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
689000 | usd |
CY2024 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
2840000 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
|
-16000 | usd |
CY2024 | us-gaap |
Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
|
-283000 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
754000 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
719000 | usd |
CY2024Q3 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
1978000 | usd |
CY2024Q2 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
2556000 | usd |
CY2024Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
390000 | usd |
CY2024Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
454000 | usd |
CY2024Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
939000 | usd |
CY2024Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
834000 | usd |
CY2024Q3 | us-gaap |
Other Inventory In Transit
OtherInventoryInTransit
|
358000 | usd |
CY2024Q2 | us-gaap |
Other Inventory In Transit
OtherInventoryInTransit
|
265000 | usd |
CY2024Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
231000 | usd |
CY2024Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
397000 | usd |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
3434000 | usd |
CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
3712000 | usd |
CY2024Q3 | us-gaap |
Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
|
494000 | usd |
CY2024Q2 | us-gaap |
Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
|
467000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
766000 | usd |
CY2024Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
396000 | usd |
CY2024Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
463000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
1656000 | usd |
CY2024Q2 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
930000 | usd |
CY2024Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1567000 | usd |
CY2023Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1378000 | usd |
CY2024Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
170000 | usd |
CY2024 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
559000 | usd |
CY2024Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
96000 | usd |
CY2024 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
370000 | usd |
CY2024Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1641000 | usd |
CY2024Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1567000 | usd |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
659000 | usd |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.309 | pure |
CY2024Q3 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
4000 | usd |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
64000 | usd |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.293 | pure |
CY2024Q3 | elmd |
Debt Instrument Covenant Compliance Amount
DebtInstrumentCovenantComplianceAmount
|
10125000 | usd |
CY2024Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
4536000 | usd |
CY2024Q3 | us-gaap |
Share Price
SharePrice
|
17.26 | |
CY2024Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
697000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
371000 | usd |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0369 | pure |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0385 | pure |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0464 | pure |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.53 | pure |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.51 | pure |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.52 | pure |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
678856 | shares |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1474000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
155000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8564489 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8537388 | shares |
CY2024Q3 | elmd |
Effect Of Dilutive Common Stock Equivalents
EffectOfDilutiveCommonStockEquivalents
|
416225 | shares |
CY2023Q3 | elmd |
Effect Of Dilutive Common Stock Equivalents
EffectOfDilutiveCommonStockEquivalents
|
245436 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8980714 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8782824 | shares |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.16 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2024Q3 | elmd |
Common Stock Equivalents
CommonStockEquivalents
|
44026 | shares |
CY2023Q3 | elmd |
Common Stock Equivalents
CommonStockEquivalents
|
403944 | shares |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |