$ELMD

Electromed, Inc.

CIK:0001488917|SEC Filings

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Net revenues	$ 73,776,000	$ 64,000,000
Cost of revenues	15,833,000	14,029,000
Gross profit	57,943,000	49,971,000
Operating expenses
Selling, general and administrative	42,748,000	39,315,000
Research and development	1,314,000	996,000
Total operating expenses	44,062,000	40,311,000
Operating income	13,881,000	9,660,000
Interest income, net	479,000	624,000
Net income before income taxes	14,360,000	10,284,000
Income tax expense	3,059,000	2,747,000
Net income	$ 11,301,000	$ 7,537,000
Income per share:
Basic (in dollars per share)	$ 1.37	$ 0.89
Diluted (in dollars per share)	$ 1.3	$ 0.85
Weighted-average common shares outstanding:
Basic (in shares)	8,266,071	8,454,100
Diluted (in shares)	8,688,563	8,914,421

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net income	$ 11,301,000	$ 7,537,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	868,000	1,039,000
Impairment of intangible assets	0	212,000
Amortization	208,000	133,000
Share-based compensation expense	2,722,000	3,059,000
Deferred income taxes	426,000	(310,000)
Changes in operating assets and liabilities:
Accounts receivable	(5,145,000)	(1,327,000)
Contract assets	(58,000)	(317,000)
Inventories	(517,000)	175,000
Prepaid expenses and other assets	(1,024,000)	(959,000)
Income tax receivable, net	(760,000)	(685,000)
Accounts payable and accrued liabilities	652,000	1,650,000
Accrued compensation	992,000	1,186,000
Net cash provided by operating activities	9,665,000	11,393,000
Cash Flows from Investing Activities
Expenditures for property and equipment	(1,252,000)	(262,000)
Expenditures for finite-life intangible assets	(48,000)	(44,000)
Net cash used for investing activities	(1,300,000)	(306,000)
Cash Flows from Financing Activities
Issuance of common stock upon exercise of options	965,000	398,000
Taxes paid on net share settlement of stock awards	(249,000)	(2,278,000)
Repurchase of common stock	(3,918,000)	(10,000,000)
Net cash used for financing activities	(3,202,000)	(11,880,000)
Net increase (decrease) in cash	5,163,000	(793,000)
Cash and cash equivalents
Beginning of period	15,287,000	16,080,000
End of period	20,450,000	15,287,000
Supplemental Disclosures of Noncash Investing and Financing Activities
Property and equipment and intangible asset acquisitions in accounts payable	106,000	107,000
Taxes owed on net share settlement of stock awards in accrued liabilities	73,000	27,000
Demonstration equipment transferred between inventory and property and equipment	135,000	238,000
Issuance of common stock upon the vesting of performance-based stock units	$ 0	$ 1,000

Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Current Assets
Cash and cash equivalents	$ 20,450,000	$ 15,287,000
Accounts receivable (net of allowances for credit losses of $45,000)	29,805,000	24,660,000
Contract assets	1,094,000	1,036,000
Inventories	3,681,000	3,299,000
Prepaid expenses and other current assets	1,170,000	392,000
Income tax receivable	1,168,000	408,000
Total current assets	57,368,000	45,082,000
Net property and equipment	5,214,000	4,714,000
Finite-life intangible assets, net	379,000	371,000
Other Assets, Noncurrent	1,270,000	1,173,000
Deferred income taxes	2,036,000	2,462,000
Total assets	66,267,000	53,802,000
Current Liabilities
Accounts payable	2,643,000	2,667,000
Accrued compensation	6,071,000	5,079,000
Warranty reserve	1,899,000	1,645,000
Other Accrued Liabilities, Current	1,609,000	1,077,000
Total current liabilities	12,222,000	10,468,000
Other long-term liabilities	66,000	125,000
Total liabilities	12,288,000	10,593,000
Shareholders’ Equity
Common stock, $0.01 par value per share, 13,000,000 shares authorized; 8,366,163 and 8,349,176 shares issued and outstanding, as of June 30, 2026, and June 30, 2025, respectively	84,000	83,000
Additional paid-in capital	25,331,000	21,941,000
Retained earnings	28,564,000	21,185,000
Total shareholders’ equity	53,979,000	43,209,000
Total liabilities and shareholders’ equity	$ 66,267,000	$ 53,802,000