In a remarkable display of resilience and growth, Repro Med Systems , Inc. (NASDAQ:KRMD) stock has soared to a 52-week high, reaching a price level of $4.20. With a market capitalization of $191 million and an impressive revenue growth of 11.6% in the last twelve months, the company has caught investors' attention. InvestingPro analysis reveals the company maintains a healthy current ratio of 2.99, indicating strong liquidity management. This significant milestone underscores the company's strong performance over the past year, which is further highlighted by an impressive 1-year change of 73.33%. Investors have shown increased confidence in the medical device company's strategy and market position, propelling the stock to new heights and reflecting optimism in its future prospects. The 52-week high serves as a testament to Repro Med Systems' robust financial health, earning a "GOOD" overall rating from InvestingPro, and its potential for continued success in the competitive healthcare sector. For deeper insights into KRMD's valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, KORU Medical (TASE:PMCN) Systems reported robust growth in its Q3 earnings call. The company announced a 17% year-over-year revenue increase to $8.2 million, highlighting growth in both domestic and international markets. The surge in Novel Therapies revenues, which rose by 276% to $600,000, and an improved gross margin of 63.4% were among the key developments. The company also raised its full-year revenue guidance, indicating optimism for continued growth.
In other developments, KORU provided an updated timeline for its regulatory submissions, including a 510(k) for a next-generation device expected in mid-2025. The company is focusing on expanding its core SCIG business and entering new markets, with six drug launches expected by 2026. Lastly, KORU plans to achieve cash flow breakeven in Q4 and operational cash flow positivity in 2025. These are among the recent developments for KORU Medical Systems.
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