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blue_skies

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blue_skies

Re: None

Tuesday, 05/05/2020 9:53:54 AM

Tuesday, May 05, 2020 9:53:54 AM

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Gross margin of 60% (62% excluding inventory obsolescence charge)



This was brought up in the CC. As I see it some of the decline was attributed to covid-19 related distancing and other work safety recommendations. This situation is not unique to KRMD. Dan Pettigreww, the CEO, said the company has added a second shift that is going through the learning curve. KRMD is committed to increase operating efficiencies and has hired an out side consulting firm to assist.

The covid-19 pandemic has accelerated the migration to home infusion! KORU medical is aggressively proactive in staying ahead of the curve. So yeah the gross margins took a SMALL hit but it is a little dig when looking at the total picture.
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