Electromed (ELMD) Fiscal Q4 2026 Earnings Call: Revenue Reaches Record $19.4M
Source Tradingkey
Key Takeaways
- Electromed (ELMD) reported record fiscal Q4 2026 net revenue of $19.4 million, up 11.6% year over year, marking its 15th consecutive quarter of revenue and profit growth.
- Q4 operating income increased 26% to $3.8 million, while diluted EPS reached a quarterly record of $0.39.
- Fiscal 2026 revenue rose 15.3% to a record $73.8 million. Operating income grew 43.7% to $13.9 million, expanding operating margin to 18.8% from 15.1%.
- Direct home care remained the primary growth driver. Full-year revenue increased 16.3% to $66.6 million, supported by more sales representatives, higher productivity and increased net revenue per approval.
- Management expects double-digit revenue growth, additional operating leverage and strong operating cash flow in fiscal 2027. The company plans to have 67 territories filled, including two hospital account liaisons.
- President and CEO James Cunniff plans to retire in April 2027. The Board is leading the succession process, while Cunniff will remain focused on execution and the leadership transition.
Key Financial Data
| Metric | Fiscal Q4 2026 / Fiscal 2026 | Change or context |
|---|---|---|
| Q4 net revenue | $19.4 million | Up 11.6% year over year |
| Q4 operating income | $3.8 million | Up 26% year over year |
| Q4 diluted EPS | $0.39 | Quarterly record |
| Fiscal 2026 net revenue | $73.8 million | Up 15.3% from $64.0 million |
| Direct home care revenue | $66.6 million | Up 16.3% from $57.3 million |
| Non-home care revenue | $7.2 million | Up 6.7% |
| Gross profit | $57.9 million | Up from $50.0 million |
| Gross margin | 78.5% | Up from 78.1% |
| SG&A expenses | $42.7 million | Up 8.7% |
| Operating income | $13.9 million | Up 43.7% from $9.7 million |
| Operating margin | 18.8% | Up from 15.1% |
| Net income | $11.3 million | Fiscal 2026 record result |
| Diluted EPS | $1.30 | Full-year result |
| Operating cash flow | $9.7 million | Fiscal 2026 |
| Cash at June 30, 2026 | $20.5 million | Increased $5.2 million during the year |
| Debt | $0 | Debt-free balance sheet |
Business and Operating Performance
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