Reports Q4 revenue $22.1M vs. $19.3M last year. “2023 was a transformative year for Rockwell Medical, making it the second year in a row that we have provided guidance and met or exceeded that guidance. We significantly improved Rockwell Medical’s financial health, generated the highest revenue and gross profit to-date for the company, and successfully achieved profitability on an adjusted EBITDA basis in the fourth quarter of 2023, the first time in the Company’s history,” said Mark Strobeck, Ph.D., Rockwell Medical’s President and CEO. “Over the last 18 months, we have completed two acquisitions, renegotiated a number of customer product and supply agreements-securing multi-year agreements with minimums-expanded our geographic footprint both domestically and internationally, and significantly improved efficiencies in our manufacturing processes that are being realized through improved gross margin. Our focused strategy is having a direct impact on Rockwell Medical’s top and bottom line, which we project will continue in 2024 and beyond. For us it’s personal. Ensuring Rockwell Medical’s long-term viability secures our ability to manufacture and distribute life-sustaining dialysis solutions which have a positive impact on the lives of hemodialysis patients with end-stage kidney disease.”
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