Nephros announces interim Q2 results and reverse stock split

|About: Nephros, Inc. (NEPH)|By:, SA News Editor

Nephros (OTCQB:NEPHapproved a 1-for-9 reverse stock split of its common stock that will be effective immediately.

The reverse stock split will reduce the number of shares from ~69.06M to ~7.67M.

The company also announced preliminary Q2 results and expects sales of ~$2.3M, +70% Y/Y; product revenues increased 90% over the same period.

Nephros reiterated previous guidance for FY19 revenue of $8.5M - $9.5M

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