KORU Medical Systems Inc (KRMD)

[blue_skies]

link to CC transcript

https://seekingalpha.com/article/4428068-koru-medical-systems-krmd-ceo-linda-tharby-on-q1-2021-results-earnings-call-transcript?mail_subject=krmd-koru-medical-systems-krmd-ceo-linda-tharby-on-q1-2021-results-earnings-call-transcript&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

Interestingly for this CC there was no flashy webcast with slides. It felt more. like a fireside chat among friends.

The company is transitioning to a second source and this explained the increase in inventory.

There were no stock buybacks in the first quarter and the program is on hold pending review.

Selling, general and administrative expenses were $5 million for the first quarter of 2021, compared to $2.9 million for the same period in 2020. This increase is mostly due to $1.3 million in costs associated with leadership changes, which includes non-cash equity expense of 400,000 and the recruitment of two new board members.