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Electromed, Inc. develops, manufactures, markets and sells innovative products that provide airway clearance therapy, including the SmartVest Airway Clearance System and related products, to patients with compromised pulmonary function with a commitment to excellence and compassionate service. The SmartVest System features a programmable air pulse generator, a therapy garment worn over the upper body and a connecting hose, which together provide safe, comfortable, and effective airway clearance therapy.

The SmartVest System generates HFCWO, also known as High-Frequency Chest Compression, a technique for airway clearance therapy. The garment repeatedly compresses and releases the upper body at frequencies from 5 to 20 cycles per second creating a “mini cough”. Each compression (or oscillation) produces pulsations that thin and loosen secretions from the surfaces of the lung airways, thins mucus stuck in the lungs and propels them toward the mouth where they can be removed by normal coughing or suction.

TypePublic
Founded1992
HQNew Prague, US
Websitesmartvest.com

Latest Updates

Employees (est.) (Jun 2019)119(-9%)
Revenue (FY, 2019)$31.3 M(+10%)
Share Price (May 2020)$13 (-1%)

Key People/Management at Electromed

Kathleen Skarvan

Kathleen Skarvan

President & Chief Executive Officer
Jeremy Brock

Jeremy Brock

Chief Financial Officer
Kathryn Thompson

Kathryn Thompson

Vice President of Reimbursement
Bud Reeves

Bud Reeves

Vice President of Sales
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Electromed Office Locations

Electromed has an office in New Prague
New Prague, US (HQ)
500 6th Ave NW
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Electromed Financials and Metrics

Electromed Revenue

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Electromed's revenue was reported to be $31.30 m in FY, 2019
USD

Revenue (Q3, 2020)

8.7m

Gross profit (Q3, 2020)

6.6m

Gross profit margin (Q3, 2020), %

75.4%

Net income (Q3, 2020)

653.3k

EBIT (Q3, 2020)

913.1k

Market capitalization (26-May-2020)

110.3m

Closing stock price (26-May-2020)

13.0

Cash (31-Mar-2020)

9.9m

EV

100.5m
Electromed's current market capitalization is $110.3 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

19.5m15.1m15.5m19.4m23.0m25.9m28.7m31.3m

Revenue growth, %

25%18%

Cost of goods sold

5.4m4.7m4.9m5.8m5.1m5.3m5.8m7.5m

Gross profit

14.1m10.4m10.6m13.6m17.9m20.6m22.9m23.8m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

5.4m4.8m4.8m4.0m3.9m3.2m3.4m3.5m4.0m4.8m4.9m4.6m5.0m6.3m6.0m5.5m6.4m6.7m6.4m7.0m7.1m7.3m8.0m7.4m8.3m8.5m8.7m

Cost of goods sold

1.3m1.3m1.4m1.2m1.3m756.7k1.1m978.0k1.4m1.5m1.5m1.4m1.1m1.4m1.4m1.2m1.4m1.4m1.4m1.4m1.5m1.7m2.0m1.8m2.0m1.9m2.2m

Gross profit

4.1m3.5m3.4m2.8m2.5m2.4m2.4m2.5m2.5m3.3m3.4m3.2m3.9m4.9m4.6m4.3m4.9m5.3m4.9m5.6m5.6m5.5m6.1m5.6m6.3m6.7m6.6m

Gross profit Margin, %

75%73%71%70%65%76%69%72%64%69%70%69%77%78%77%78%77%80%77%80%79%76%76%75%76%78%75%
USDY, 2020

EV/EBIT

110.1 x

EV/CFO

34.5 x

Financial Leverage

1.1 x
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Electromed Online and Social Media Presence

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Electromed News and Updates

Electromed Blogs

Top 2 Breathing Techniques for COPD

Like bronchiectasis, living with COPD causes you to experience breathing difficulties, especially during the colder months of the year. According to the COPD Foundation, there are two effective breathing techniques for COPD: pursed-lip breathing and diaphragmatic “abdominal” breathing. Both breathin…

Meet Your Electromed Team Member: Mike Sesnan, CRT, Patient Care Advocate

Providing patients with the lifetime support they need for their chronic lung condition is just one of the many responsibilities our Electromed team takes close to heart. In fact, our Patient Care Advocate is your first point of contact before you even begin your SmartVest journey, making it a perso…

3 COPD and Cold Weather Tips: How to Protect Your Lungs this Winter

Freezing temperatures, stronger winds, and drier air conditions can make breathing more difficult, especially if you’re living with COPD (chronic obstructive pulmonary disease). This winter, learn how to help protect your lungs and prevent frequent COPD flare ups that require hospitalization and tim…

How is Bronchiectasis Diagnosed?

Are your patients coming to you with complaints of shortness of breath, chronic cough, or chest pain? Symptoms that look like COPD or asthma may actually be early signs of bronchiectasis, a serious lung disease that irreversibly damages a patient’s airways through recurring inflammation and infectio…

Meet Your Electromed Team Member: Kelly Case, Authorization & Benefits Lead

At Electromed, one of our top differentiators is our customer-focused reimbursement process, coupled with our lifetime support for each SmartVest user. After your clinician prescribes you our high frequency chest wall oscillation therapy (HFCWO) device, you’ll receive a personal call from your dedic…

What is Nontuberculous Mycobacteria (NTM)?

Nontuberculous Mycobacteria (NTM) are organisms that naturally occur in water and soil.1 When people inhale NTMs, the bacteria travels to their lungs and it could potentially cause a respiratory infection in susceptible individuals. Though most people naturally clear NTMs from their lungs and avoid …
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Electromed Frequently Asked Questions

  • When was Electromed founded?

    Electromed was founded in 1992.

  • Who are Electromed key executives?

    Electromed's key executives are Kathleen Skarvan, Jeremy Brock and Kathryn Thompson.

  • How many employees does Electromed have?

    Electromed has 119 employees.

  • What is Electromed revenue?

    Latest Electromed annual revenue is $31.3 m.

  • What is Electromed revenue per employee?

    Latest Electromed revenue per employee is $263 k.

  • Who are Electromed competitors?

    Competitors of Electromed include Hill-Rom Holdings, Biotronik and Air-Tite Products.

  • Where is Electromed headquarters?

    Electromed headquarters is located at 500 6th Ave NW, New Prague.

  • Where are Electromed offices?

    Electromed has an office in New Prague.

  • How many offices does Electromed have?

    Electromed has 1 office.