27.06
-0.40%
Close of 9 Nov 2026, in USD
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About Electromed
From its filings with the US Securities and Exchange Commission
Electromed is based in New Prague, Minnesota and is incorporated in Minnesota. Its shares trade on NYSE under the ticker ELMD. The SEC classifies its business as electromedical & electrotherapeutic apparatus. In the fiscal year to 30 June 2026, it reported revenue of $73.8m and net income of $11.3m. At that date it held total assets of $66.3m and shareholders' equity of $54.0m.
Electromed, Inc. (“we,” “our,” “us,” “Electromed” or the “Company”) develops, manufactures, markets and sells innovative products that provide airway clearance therapy, including the SmartVest® Airway Clearance System (“SmartVest System”) to patients with compromised pulmonary function with a commitment to excellence and compassionate service. Our goal is to make High Frequency Chest Wall Oscillation (“HFCWO”) treatments as effective, convenient, and comfortable as possible, so our patients can breathe easier and live better with improved respiratory function and fewer exacerbations.
The SmartVest System generates HFCWO, an airway clearance therapy. The SmartVest System features a programmable air pulse generator, a therapy garment worn over the upper body and a connecting hose, which together provide safe, comfortable, and effective therapy to clear the lung and airway from retained secretions and mucus which can harbor bacteria and lead to infection. One important factor of respiratory health is the ability to clear secretions from airways. Impaired airway clearance, when mucus cannot be expectorated, may result in labored breathing, inflammatory response and/or immune systems boosting mucus production that invites bacteria trapped in stagnant secretions to cause infections.
Quoted from its 10-K, filed 25 Aug 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Health Care Equipment & Supplies
- Listed since
- 13 Aug 2010
- Employees
- 177
- Website
- smartvest.com ↗
- Head office
- 500 SIXTH AVENUE NW, NEW PRAGUE, MN, 56071
- Incorporated in
- MN
- Classification
- Electromedical & Electrotherapeutic Apparatus
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Ms. Kathleen SkarvanChairman of the Board, since 2012$158,840
- Mr. James CunniffPresident, Chief Executive Officer, Director, since 2023$1.5m
- Mr. Bradley NagelChief Financial Officer, Treasurer, Secretary$756,674
- Ms. Kathleen TuneLead Independent Director$166,840
- Mr. Stan EricksonIndependent Director$144,340
- Mr. Gregory FluetIndependent Director$141,340
- Mr. Joseph GalatowitschIndependent Director$134,340
- Mr. Andrew SummersIndependent Director$136,340
- Ms. Andrea WalshIndependent Director$139,340
- Mr. Mike CavanaughInvestor Relations, since 2022
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 42
- Environment
- 46
- Social
- 49
- Governance
- 32
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Electromed Inc's SmartVest Clearway System uses HFCWO technology for pulmonary care across all age groups.
- The SmartVest Connect wireless technology offers personalized therapy management for patients with compromised pulmonary function.
- Electromed's SPU SmartVest and SmartVest Wrap are marketed to healthcare providers in acute care settings.
Weaknesses
- Electromed Inc has 177 employees, which is a relatively small workforce for a medical equipment company.
- The company's headquarters in New Prague, Minnesota, may limit access to larger markets.
- Electromed's IPO in 2010 suggests limited recent capital for expansion.
Opportunities
- The growing demand for HFCWO technology in pulmonary care presents a significant market opportunity.
- Expanding the SmartVest Connect app to new regions could increase patient access.
- Partnerships with healthcare providers in acute care settings could boost sales.
Threats
- Competition from other medical equipment manufacturers in the Health Care sector.
- Regulatory changes in the US healthcare market could impact product approvals.
- Economic downturns may reduce healthcare spending on medical equipment.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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