NASDAQ : KRMD
KORU Medical Systems, Inc. — Financial statements
Healthcare · Medical Instruments & Supplies · United States
Last price 3.23 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 149.14M
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Financial statements
KORU Medical Systems, Inc. (KRMD) reported revenue of 45.11M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 45.11M | 41.13M | 33.65M | 28.52M | 27.90M | 23.49M |
| Cost of Revenue | 16.95M | 15.52M | 12.31M | 11.81M | 12.53M | 9.72M |
| Gross Profit | 28.16M | 25.60M | 21.33M | 16.71M | 15.37M | 13.77M |
| Selling, General & Admin | 24.56M | 23.38M | 21.63M | 20.37M | 20.61M | 17.86M |
| Research & Development | 4.46M | 4.39M | 5.26M | 5.74M | 4.96M | 2.47M |
| Operating Expenses | 29.81M | 28.58M | 27.78M | 26.98M | 26.15M | 20.80M |
| Operating Income | -1.65M | -2.97M | -6.45M | -10.27M | -10.78M | -7.03M |
| Interest & Investment Income | 282.14K | 293.40K | 444.64K | 561.33K | 145.59K | 13.08K |
| Currency Exchange Gain (Loss) | -42.18K | 53.10K | -45.99K | -5.12K | -39.87K | -28.91K |
| Other Non Operating Income (Expenses) | 9.91K | 9.91K | -16.16K | 679.91K | ||
| EBT Excluding Unusual Items | -1.40M | -2.62M | -6.06M | -9.71M | -10.68M | -6.37M |
| Gain (Loss) on Sale of Assets | -406.27K | -59.81K | 1.01K | |||
| Pretax Income | -1.81M | -2.62M | -6.06M | -9.77M | -10.68M | -6.36M |
| Income Tax Expense | 10.33K | 21.89K | 2.89K | 3.97M | -2.01M | -1.80M |
| Net Income | -1.82M | -2.64M | -6.07M | -13.74M | -8.66M | -4.56M |
| Net Income to Common | -1.82M | -2.64M | -6.07M | -13.74M | -8.66M | -4.56M |
| Shares Outstanding (Basic) | 46.25M | 46.19M | 45.80M | 45.60M | 45.00M | 44.39M |
| Shares Outstanding (Diluted) | 46.25M | 46.19M | 45.80M | 45.60M | 45.00M | 44.39M |
| EPS (Basic) | -0.04 | -0.06 | -0.13 | -0.30 | -0.19 | -0.10 |
| EPS (Diluted) | -0.04 | -0.06 | -0.13 | -0.30 | -0.19 | -0.10 |
| Free Cash Flow | 776.65K | -470.11K | -1.62M | -5.68M | -8.17M | -4.67M |
| Free Cash Flow Per Share | 0.02 | -0.01 | -0.04 | -0.12 | -0.18 | -0.10 |
| Gross Margin | 62.43% | 62.26% | 63.40% | 58.59% | 55.09% | 58.62% |
| Operating Margin | -3.66% | -7.23% | -19.16% | -36.01% | -38.65% | -29.93% |
| Profit Margin | -4.03% | -6.41% | -18.03% | -48.18% | -31.05% | -19.42% |
| Free Cash Flow Margin | 1.72% | -1.14% | -4.81% | -19.90% | -29.27% | -19.86% |
| EBITDA | -979.40K | -2.28M | -5.67M | -9.40M | -10.19M | -6.57M |
| EBITDA Margin | -2.17% | -5.54% | -16.86% | -32.96% | -36.54% | -27.95% |
| D&A For EBITDA | 673.32K | 692.60K | 772.89K | 870.39K | 587.14K | 463.13K |
| EBIT | -1.65M | -2.97M | -6.45M | -10.27M | -10.78M | -7.03M |
| EBIT Margin | -3.66% | -7.23% | -19.16% | -36.01% | -38.65% | -29.93% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.29M | 8.87M | 9.58M | 11.48M | 17.41M | 25.33M |
| Cash & Short-Term Investments | 8.29M | 8.87M | 9.58M | 11.48M | 17.41M | 25.33M |
| Accounts Receivable | 5.36M | 6.53M | 5.94M | 4.05M | 3.56M | 3.59M |
| Other Receivables | 729.70K | 54.57K | 28.89K | 972.40K | 718.22K | |
| Receivables | 6.09M | 6.53M | 6.00M | 4.07M | 4.53M | 4.31M |
| Inventory | 4.51M | 3.68M | 2.80M | 3.48M | 6.40M | 6.11M |
| Prepaid Expenses | 622.65K | 908.54K | 749.85K | 1.22M | 1.46M | 1.57M |
| Total Current Assets | 19.51M | 19.99M | 19.13M | 20.26M | 29.80M | 37.32M |
| Property, Plant & Equipment | 6.69M | 7.43M | 7.26M | 7.35M | 7.67M | 1.20M |
| Other Intangible Assets | 1.66M | 684.84K | 730.28K | 754.36K | 787.18K | 808.81K |
| Long-Term Deferred Tax Assets | 3.97M | 1.94M | ||||
| Other Long-Term Assets | 98.97K | 98.97K | 98.97K | 98.97K | 102.62K | 19.81K |
| Total Assets | 27.96M | 28.20M | 27.22M | 28.46M | 42.33M | 41.29M |
| Accounts Payable | 2.91M | 2.27M | 1.65M | 975.19K | 2.39M | 1.23M |
| Accrued Expenses | 3.68M | 5.36M | 4.74M | 2.17M | 3.43M | 2.87M |
| Short-Term Debt | 271.15K | 314.34K | 433.30K | 508.58K | ||
| Current Portion of Leases | 578.76K | 538.36K | 515.85K | 477.85K | 444.17K | 95.55K |
| Other Current Liabilities | 11.07K | 27.72K | 29.27K | 512.52K | 257.34K | 90.00K |
| Total Current Liabilities | 7.18M | 8.19M | 7.20M | 4.45M | 6.96M | 4.79M |
| Long-Term Leases | 2.73M | 2.96M | 3.20M | 3.65M | 4.05M | |
| Total Liabilities | 9.91M | 11.15M | 10.40M | 8.11M | 11.01M | 4.79M |
| Common Stock | 501.72K | 497.91K | 493.78K | 490.90K | 488.62K | 480.44K |
| Additional Paid-In Capital | 56.53M | 52.45M | 49.58M | 47.02M | 44.25M | 40.77M |
| Retained Earnings | -32.57M | -32.02M | -29.38M | -23.31M | -9.57M | -910.07K |
| Treasury Stock | -6.41M | -3.88M | -3.88M | -3.84M | -3.84M | -3.84M |
| Shareholders' Equity | 18.05M | 17.05M | 16.81M | 20.35M | 31.33M | 36.50M |
| Total Liabilities & Equity | 27.96M | 28.20M | 27.22M | 28.46M | 42.33M | 41.29M |
| Total Debt | 3.31M | 3.50M | 3.99M | 4.45M | 4.93M | 604.14K |
| Net Cash (Debt) | 4.98M | 5.38M | 5.59M | 7.04M | 12.48M | 24.73M |
| Net Cash Per Share | 0.11 | 0.12 | 0.12 | 0.15 | 0.28 | 0.56 |
| Filing Date Shares Outstanding | 46.17M | 46.37M | 45.96M | 45.71M | 45.52M | 44.67M |
| Total Common Shares Outstanding | 46.15M | 46.37M | 45.94M | 45.67M | 45.44M | 44.62M |
| Working Capital | 12.33M | 11.79M | 11.93M | 15.80M | 22.84M | 32.53M |
| Book Value Per Share | 0.39 | 0.37 | 0.37 | 0.45 | 0.69 | 0.82 |
| Tangible Book Value | 16.39M | 16.36M | 16.08M | 19.60M | 30.54M | 35.69M |
| Tangible Book Value Per Share | 0.36 | 0.35 | 0.35 | 0.43 | 0.67 | 0.80 |
| Machinery | 6.19M | 6.58M | 5.81M | 4.61M | 4.27M | 2.86M |
| Leasehold Improvements | 2.16M | 1.96M | 1.95M | 1.95M | 2.41M | 556.91K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.82M | -2.64M | -6.07M | -13.74M | -8.66M | -4.56M |
| Depreciation & Amortization | 791.22K | 810.50K | 888.47K | 870.39K | 587.14K | 463.13K |
| Loss (Gain) From Sale of Assets | 399.57K | -6.70K | 16.16K | 59.81K | -1.01K | |
| Stock-Based Compensation | 2.74M | 2.71M | 2.62M | 2.77M | 3.08M | 2.71M |
| Other Operating Activities | -100.77K | -97.84K | 243.39K | 3.95M | -1.81M | -1.82M |
| Change in Accounts Receivable | -349.80K | -489.20K | -1.68M | -486.33K | 34.00K | -1.02M |
| Change in Inventory | -563.28K | -874.46K | 677.63K | 2.92M | -298.53K | 723.43K |
| Change in Accounts Payable | 1.82M | 617.50K | 674.78K | -1.42M | 1.16M | 602.61K |
| Change in Other Net Operating Assets | -1.52M | 426.99K | 2.30M | 183.32K | 503.97K | -1.42M |
| Operating Cash Flow | 1.39M | 462.40K | -319.72K | -4.89M | -5.40M | -4.32M |
| Capital Expenditures | -614.34K | -932.52K | -1.30M | -782.95K | -2.76M | -346.18K |
| Sale of Property, Plant & Equipment | 6.70K | 6.70K | 8.50K | 9.06K | ||
| Sale (Purchase) of Intangibles | -533.75K | -23.97K | -44.12K | -31.65K | -40.51K | -29.06K |
| Investing Cash Flow | -1.14M | -949.79K | -1.33M | -814.60K | -2.80M | -366.17K |
| Short-Term Debt Issued | 406.75K | 487.52K | 565.17K | 783.80K | 924.39K | |
| Total Debt Issued | 406.75K | 406.75K | 487.52K | 565.17K | 783.80K | 924.39K |
| Short-Term Debt Repaid | -677.90K | -530.71K | -684.12K | -859.09K | -415.81K | |
| Long-Term Debt Repaid | -108.83K | -107.96K | -99.92K | -51.85K | -2.65K | |
| Total Debt Repaid | -528.47K | -786.73K | -638.67K | -784.04K | -910.94K | -418.45K |
| Net Debt Issued (Repaid) | -121.72K | -379.98K | -151.15K | -218.87K | -127.14K | 505.94K |
| Issuance of Common Stock | 186.16K | 186.16K | 406.62K | 2.20M | ||
| Repurchase of Common Stock | -81.06K | -27.54K | -97.38K | |||
| Financing Cash Flow | -16.61K | -221.35K | -248.53K | -218.87K | 279.49K | 2.71M |
| Net Cash Flow | 232.99K | -708.74K | -1.90M | -5.93M | -7.93M | -1.98M |
| Free Cash Flow | 776.65K | -470.11K | -1.62M | -5.68M | -8.17M | -4.67M |
| Free Cash Flow Margin | 1.72% | -1.14% | -4.81% | -19.90% | -29.27% | -19.86% |
| Free Cash Flow Per Share | 0.02 | -0.01 | -0.04 | -0.12 | -0.18 | -0.10 |
| Levered Free Cash Flow | 725.83K | 385.83K | 116.92K | -2.39M | -4.39M | -2.71M |
| Unlevered Free Cash Flow | 725.83K | 385.83K | 116.92K | -2.39M | -4.39M | -2.71M |
| Cash Interest Paid | 52.72K | 55.55K | 71.93K | 50.83K | 28.49K | 13.24K |
| Cash Income Tax Paid | 3.29K | 14.85K | 3.16K | 1.90K | ||
| Change in Working Capital | -619.07K | -319.17K | 1.97M | 1.20M | 1.40M | -1.11M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 144.06M | 269.13M | 176.47M | 112.12M | 161.65M | 133.68M |
| Enterprise Value | 139.08M | 264.34M | 171.91M | 105.97M | 150.27M | 108.25M |
| Last Close Price | 2.99 | 5.81 | 3.85 | 2.46 | 3.57 | 3.00 |
| Forward PE | 314.00 | 187.50 | 187.50 | 187.50 | 187.50 | 187.50 |
| PS Ratio | 3.06 | 6.54 | 5.25 | 3.93 | 5.79 | 5.69 |
| PB Ratio | 7.64 | 15.79 | 10.50 | 5.51 | 5.16 | 3.66 |
| P/TBV Ratio | 8.42 | 16.45 | 10.97 | 5.72 | 5.29 | 3.75 |
| P/OCF Ratio | 99.25 | 582.03 | ||||
| PEG Ratio | 9.55 | 9.55 | 9.55 | 9.55 | 9.55 | |
| EV/Sales Ratio | 2.95 | 6.43 | 5.11 | 3.72 | 5.39 | 4.61 |
| Debt / Equity Ratio | 0.18 | 0.20 | 0.24 | 0.22 | 0.16 | 0.02 |
| Debt / FCF Ratio | 4.26 | |||||
| Net Debt / Equity Ratio | -0.28 | -0.32 | -0.33 | -0.35 | -0.40 | -0.68 |
| Net Debt / EBITDA Ratio | 5.08 | 2.36 | 0.98 | 0.75 | 1.23 | 3.77 |
| Net Debt / FCF Ratio | -6.41 | 11.44 | 3.46 | 1.24 | 1.53 | 5.30 |
| Asset Turnover | 1.69 | 1.48 | 1.21 | 0.81 | 0.67 | 0.58 |
| Inventory Turnover | 4.01 | 4.79 | 3.92 | 2.39 | 2.00 | 1.50 |
| Quick Ratio | 2.00 | 1.88 | 2.16 | 3.49 | 3.15 | 6.19 |
| Current Ratio | 2.72 | 2.44 | 2.66 | 4.55 | 4.28 | 7.79 |
| Return on Equity (ROE) | -10.52% | -15.58% | -32.65% | -53.18% | -25.54% | -12.56% |
| Return on Assets (ROA) | -3.86% | -6.71% | -14.47% | -18.13% | -16.11% | -10.82% |
| Return on Invested Capital (ROIC) | -13.44% | -25.97% | -52.54% | -63.87% | -70.43% | -67.42% |
| Return on Capital Employed (ROCE) | -8.00% | -14.90% | -32.20% | -42.80% | -30.50% | -19.30% |
| Earnings Yield | -1.28% | -0.98% | -3.44% | -12.26% | -5.36% | -3.41% |
| FCF Yield | 0.56% | -0.18% | -0.92% | -5.06% | -5.05% | -3.49% |
| Buyback Yield / Dilution | -0.63% | -0.84% | -0.44% | -1.33% | -1.39% | -5.86% |