NEPH - Nephros Q3 prelim revenues grow 34% Q/Q

For Q3, Nephros (NEPH) reported preliminary results; expects revenue of $2.1M (+34% Q/Q and -32% Y/Y).The company ended the quarter with ~$5.2M in cash on a consolidated basis."We are also making excellent progress in several important areas, including new opportunities in the food and beverage market, the development of new pathogen detection products, and completing our second-generation HDF product. We expect to have more to say about each of these areas in the remaining months of 2020," president & CEO Andy Astor commented.Recurring revenues from existing customers are meeting expectations and customer retention rates remain excellent.

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Nephros Q3 prelim revenues grow 34% Q/Q