Nephros to Present at the Q1 Virtual Investor Summit
SOUTH ORANGE, N.J., March 16, 2021 (GLOBE NEWSWIRE) via InvestorWire – Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration and pathogen detection solutions to the medical and commercial markets, today announced that Andy Astor, Chief Executive Officer, has been invited to present at the Q1 Virtual Investor Summit. The conference will take place on March 23-25, 2021, and includes a Nephros company presentation and Q&A at 2:30 p.m. ET on March 23.
To register to attend the live presentation click the following link:
https://zoom.us/webinar/register/WN rBYVMLR8RP6-JbQsQa1qOQ
Nephros Reports 2020 Fourth Quarter and Full Year Financial Results
March 01, 2021 16:15 ET | Source: Nephros, Inc. Nephros, Inc.
Full Year Revenue $8.6 million, Down 17% Against Prior Year
SOUTH ORANGE, NJ, March 01, 2021 (GLOBE NEWSWIRE) via NewMediaWire Nephros, Inc. (Nasdaq:NEPH), a leading water technology company providing filtration and pathogen detection solutions to the medical and commercial markets, today announced financial results for the fourth quarter and full year ended December 31, 2020.
Financial Highlights
Net revenue was $2.3 million, compared with $3.2 million in 2019, down 26%
Net loss was ($298,000), compared with net income of $234,000 in 2019
Adjusted EBITDA was ($11,000), compared with $747,000 in 2019
Fourth Quarter Ended December 31, 2020 – Consolidated
Net revenue was $2.3 million, compared with $3.2 million in 2019, down 26%
It sounds crazy, but for most of the last 85 years, it was illegal in Colorado for breweries to sell low-alcohol beers to bars, restaurants or liquor stores. Anything under 4.0 percent ABV (or 3.2 percent alcohol by weight) was reserved strictly for grocery and convenience stores.
From the end of Prohibition until just two years ago, 3.2 beer was the only kind of booze the big supermarket and convenience chains could sell in Colorado, so the law protected them against competition. In addition to the macro-brewer brands like Coors Light and Bud Light, a few craft breweries distributed 3.2 beer here as well. But the rules changed on January 1, 2019, when the state legislature finally acquiesced and allowed supermarkets and convenience stores to add full-strength ales and lagers to their shelves and 3.2 beers faded into the history books, along with Prohibition and pull-tops.
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