Koru Medical Systems Inc Reports Results For The Quarter Ended In June: Earnings Summary

Koru Medical Systems

09/08/2023 22:04

* KORU Medical Systems Inc  KRMD.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in June. The
mean expectation of three analysts for the quarter was for a
loss of 6 cents per share.
    * Revenue rose 5.9% to $6.94 million from a year ago;
analysts
expected $7.22 million. 
    * KORU Medical Systems Inc's reported EPS for the quarter
was a
loss of 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * KORU Medical Systems Inc shares had fallen by 29.3% this
quarter and lost 31.7% so far this year.
    * The company reported a quarterly loss of $2.5 million.
    * Wall Street's median 12-month price target for KORU
Medical
Systems Inc is $4.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.06          -0.05          Beat
 Mar. 31 2023      -0.05          -0.05          Met
 Dec. 31 2022      -0.06          -0.04          Beat
 Sep. 30 2022      -0.05          -0.03          Beat