KORU Medical Systems, Inc. (KRMD)

Nasdaq: KRMD · Surgical & Medical Instruments & Apparatus · Mahwah, NJ · filing with the SEC since 1996

Grade6.0

◀ Past 6.0● Present 6.1▶ Future 5.8

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Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Feb 28, 2017	Feb 29, 2016
Report filed	Mar 12, 2026	Mar 12, 2025	Mar 13, 2024	Mar 8, 2023	Mar 2, 2022	Mar 23, 2021	Mar 4, 2020	Mar 5, 2019	May 5, 2017	·
Revenue	41,127,366	33,646,463	28,517,666	27,896,037	23,490,175	24,176,448	23,162,621	17,353,737	12,293,655	12,247,338
For lenders
Provision for credit losses	·	·	·	·	·	-8,176	-4,855	-39,567	·	·
Cost of revenue	15,523,287	12,314,605	11,809,384	12,527,051	9,720,597	9,240,362	8,308,811	6,543,249	4,724,097	4,644,435
Gross profit	25,604,079	21,331,858	16,708,282	15,368,986	13,769,578	14,936,086	14,853,810	10,810,488	7,569,558	7,602,903
Research and development	4,387,214	5,257,942	5,742,254	4,956,215	2,473,669	1,296,754	740,475	241,124	237,486	207,282
Selling, general and administrative	23,378,807	21,631,674	20,365,617	20,606,507	17,862,314	12,028,309	9,771,744	8,196,562^r	7,767,712	5,942,671
Total operating expenses	28,576,521	27,778,089	26,978,261	26,149,859	20,799,113	16,190,871	14,268,131	9,645,952	8,305,809	6,421,519
Operating income	-2,972,442	-6,446,231	-10,269,979	-10,780,873	-7,029,535	-1,254,785	585,679	1,164,536	-736,251	1,181,384
Interest expense	·	·	·	·	·	·	·	·	1,886	3,412
Interest income (expense), net	293,403	444,642	·	·	·	·	·	·	·	·
Other income (expense), net	9,906	-16,160^r	561,328	145,587	13,083	42,395	80,663	28,104	2,937	-9,198
Total non-operating income (expense)	356,406	382,491	496,397	105,713	665,094	60,522	110,739	·	·	·
Income before income taxes	-2,616,036	-6,063,740	-9,773,582	-10,675,160	-6,364,441^r	1,194,263^r	696,418	1,176,950	-776,699	1,142,570
Income tax expense	21,890	2,893	3,967,480	-2,014,018	-1,801,618^r	-17,800^r	132,069	266,380	-241,700	359,706
Net income	-2,637,926	-6,066,633	-13,741,062	-8,661,142	-4,562,823	-1,212,063	564,349	910,570	-534,999	782,864
Earnings per share, basic	-0.06	-0.13	-0.30	-0.19	-0.10	-0.03	0.01	0.02	-0.01	0.02
Earnings per share, diluted	-0.06	-0.13	-0.30	-0.19	-0.10	-0.03	0.01	0.02	-0.01	0.02
Weighted average shares, basic	46,187,077	45,802,701	45,601,346	45,002,074	44,385,032	41,929,736	38,778,074	38,128,260	37,830,581	37,988,954
Weighted average shares, diluted	46,187,077	45,802,701	45,601,346	45,002,074	44,385,032	41,929,736	39,061,310	38,921,622	37,878,201	37,988,954

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:Revenues
us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax
us-gaap:SalesRevenueNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfGoodsSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton KRMD · research, not advice