Airway Clearance Revenue Increase
The airway clearance segment saw a significant increase in revenue, up 22% year-over-year to $10.7 million. This growth underscores the quality of the product and strategic execution.
Gross Margins Improvement
Gross margins increased by 290 basis points year-over-year, attributed to lower manufacturing and warranty costs.
Strong Cash Position
The company ended the quarter with a solid cash position of $83.6 million.
Salesforce CRM Implementation
Successful on-time launch of Salesforce CRM module to enhance sales productivity and operational efficiency.
AffloVest Market Growth
AffloVest sales increased 22% year-over-year, supported by strategic partnerships and market penetration.