Mission Statement, Vision, & Core Values of Electromed, Inc. (ELMD)

What drives a company that's achieving record financial results and growing rapidly in the medical technology sector? For Electromed, Inc. (ELMD), a leader in innovative airway clearance technologies, the answer lies in its clearly defined mission, vision, and core values. In fiscal year 2024, Electromed's net revenues grew by 13.8% to a record $54.7 million, with operating income reaching a record $6.6 million, a 64.2% increase. But how do these financial achievements align with the company's foundational principles, and what are those principles?

Understanding Electromed's mission, vision, and core values provides insight into the company's strategic direction and commitment to its stakeholders. Are you curious about the values that guide Electromed's impressive performance and its dedication to improving patients' lives?

Let's delve into the core of what makes Electromed tick, exploring the principles that guide its actions and contribute to its success in the airway clearance technology market. What are the core values that drive Electromed's culture and decision-making?

Electromed, Inc. (ELMD) An Overview of

Electromed, Inc. is a medical device company specializing in airway clearance technologies. Founded in 1980, the company develops, manufactures, and markets devices that help people with compromised breathing mobilize pulmonary secretions. Its primary product is the SmartVest Airway Clearance System, which utilizes High-Frequency Chest Wall Oscillation (HFCWO) technology. This system is designed to improve the quality of life for patients with chronic respiratory conditions such as cystic fibrosis, bronchiectasis, and neuromuscular diseases. As of April 2025, Electromed continues to focus on expanding its market reach and enhancing its product offerings to better serve the needs of patients and healthcare providers.

Electromed has demonstrated strong financial performance in its latest reporting period. The company announced record revenue, driven primarily by the robust sales of its SmartVest system. For example, in the third quarter of fiscal year 2024, Electromed reported total revenue of $14.8 million, an increase of 14% compared to the same period in the prior year. Net income for the quarter was $1.7 million, or $0.18 per diluted share. Gross margin improved to 72.4%, reflecting efficient operations and strong product demand. These results underscore the company's successful growth strategies and its ability to capitalize on market opportunities. Electromed's financial success is rooted in its commitment to innovation, quality, and customer satisfaction. By continually refining its SmartVest technology and expanding its market presence, the company has established a strong foundation for sustainable growth. The increased adoption of HFCWO therapy in both domestic and international markets has further fueled Electromed's revenue growth. Additionally, the company's focus on providing comprehensive support and education to patients and healthcare providers has fostered strong brand loyalty and repeat business.

Electromed stands as a leader in the airway clearance industry, driven by its innovative SmartVest technology and commitment to improving patient outcomes. The company's financial achievements and market expansion highlight its strong position and potential for continued success. To delve deeper into Electromed, Inc. and understand the factors driving its success, consider exploring additional resources. Exploring Electromed, Inc. (ELMD) Investor Profile: Who’s Buying and Why?

Electromed, Inc. (ELMD) Mission Statement

Electromed, Inc. is dedicated to designing, manufacturing, and marketing innovative airway clearance technologies that help people around the world breathe better, stay healthier, and lead active and fulfilling lives.

Electromed's mission is reflected in their commitment to helping those living with bronchiectasis or impaired airway clearance through innovation and outstanding customer service, always putting the patient first. The company's SmartVest Airway Clearance System is designed to simplify HFCWO therapy, making the device more comfortable, easier to use, and convenient for travel.

Electromed's dedication extends beyond technology to compassionate service, striving to make life's important moments possible, one breath at a time. Electromed, Inc. (ELMD): History, Ownership, Mission, How It Works & Makes Money

Electromed's mission is supported by several core values:

• Customer-Focused: Concentrating on how every interaction benefits the customer.
• Integrity: Being accountable and acting ethically.
• Resourceful: Creatively coping with challenges and pursuing new opportunities.
• Collaborative: Working together, communicating clearly, and sharing knowledge effectively.
• Results-Driven: Focusing on achieving desired outcomes and setting challenging goals.

This mission is further highlighted by the words of Electromed employees:

• 'I'm proud to be working for a company that puts the patient first.' - ANN.
• 'We have the best customer service out there and always put the patient first, no matter what! Electromed truly has the best team of people.' - SUE.
• 'Employees here are enthusiastic, hardworking, and dedicated to our patient-centric mission.' - SANDY.

Electromed aims to support manufacturers and their customers through consistent, high-quality technician training and sufficient stock of spare parts, ensuring engineers can meet set standards. The company also strives to assist shipping and super yachts by providing first-class service and competitive rates in the region and worldwide.

Electromed's commitment to quality is underscored by being named Quality Magazine's 2021 Plant of the Year. This recognition reflects Electromed's dedication to continuous improvement, internal quality programs, and the contribution of quality to profitability and shareholder value.

Financially, Electromed has demonstrated strong performance, which aligns with its mission. In the second quarter of fiscal year 2025, Electromed reported:

• Net revenues increased by 18.7% to a record $16.3 million, compared to $13.7 million in the second quarter of the prior fiscal year.
• Operating income increased to a record $2.5 million, representing 15.6% of net revenues, a year-over-year increase of 12.3%.
• Net income was $2.0 million, or $0.22 per diluted share, compared to $1.7 million, or $0.19 per diluted share in Q2 FY 2024.

As of December 31, 2024, Electromed had $16.2 million in cash, $22.8 million in accounts receivable, and no debt, achieving a working capital of $35.5 million and total shareholders' equity of $43.6 million.

Electromed's annualized homecare revenue per weighted average direct sales representative in Q1 FY 2025 was $985,000, at the higher end of Electromed's increased annual target range of $900,000 to $1,000,000.

For the fiscal year 2024, Electromed reported:

• Net revenues increased 9.0% to a record $14.8 million in Q4 FY 2024, from $13.6 million in the fourth quarter of the prior fiscal year.
• Operating income for fiscal 2024 was $6.6 million compared to $4.0 million in fiscal 2023.
• Net income for fiscal 2024 was $5.2 million, or $0.58 per diluted share, compared to net income of $3.2 million, or $0.36 per diluted share, in fiscal 2023.

Electromed's vision is to become a global leader in digital display and automation solutions, empowering industries with innovative, reliable, and sustainable technologies. This vision is supported by core values such as innovation, integrity, customer commitment, sustainability, and collaboration.

Electromed, Inc. (ELMD) Vision Statement

To fully understand Electromed, Inc. (ELMD), it's essential to examine its guiding principles. These include its mission statement, vision, and core values, which collectively shape the company's strategic direction and operational ethos. Electromed is a medical device company that designs, manufactures, and markets innovative airway clearance technologies. A closer look at these elements provides valuable insights into Electromed's goals and how it aims to achieve them. You can also gain more insights by visiting: Exploring Electromed, Inc. (ELMD) Investor Profile: Who’s Buying and Why?

Electromed's mission is to improve the lives of patients and families affected by compromised breathing. This is achieved through the development and delivery of high-quality airway clearance technologies. The company focuses on providing effective solutions for patients with chronic respiratory conditions. They strive to make a significant positive impact on their quality of life. Electromed's primary product is the SmartVest Airway Clearance System, designed to mobilize secretions and enhance airway clearance. The company's dedication to innovation and patient-centric solutions drives its business strategies and product development.

Electromed envisions becoming the global leader in airway clearance technologies, recognized for innovation, quality, and patient impact. The company aims to expand its market presence and enhance its reputation through continuous improvement and strategic partnerships. Electromed's vision reflects its ambition to set the standard in the industry and to be the preferred choice for patients and healthcare providers seeking effective airway clearance solutions. This forward-looking perspective guides the company's long-term goals and investments. As of the fiscal year 2024, Electromed reported total revenues of $47.8 million, demonstrating its growing market presence and financial health.

Electromed operates on a foundation of core values that influence its corporate culture and business practices. These values include:

• Integrity: Maintaining the highest ethical standards in all interactions.
• Innovation: Continuously seeking new and improved solutions.
• Quality: Delivering reliable and effective products.
• Collaboration: Working together to achieve common goals.
• Patient Focus: Prioritizing the needs and well-being of patients.

These values guide Electromed's employees in their daily activities and decision-making. They ensure that the company remains committed to its mission and vision. The focus on integrity helps build trust with customers, partners, and shareholders. Innovation drives the development of cutting-edge technologies. The emphasis on quality ensures that products meet the highest standards of performance and reliability. Collaboration fosters a positive and productive work environment. The patient-centric approach ensures that all efforts are directed towards improving patient outcomes.

In alignment with these values, Electromed has demonstrated a strong financial performance. In fiscal year 2024, the company reported a gross margin of 72.4%, reflecting its ability to maintain profitability while delivering high-quality products. Furthermore, Electromed's commitment to innovation is evident in its investment in research and development, which totaled $3.7 million in 2024. This investment supports the development of new technologies and the improvement of existing products.

Electromed, Inc. (ELMD) Core Values

Electromed, Inc. operates with a set of core values that guide its actions and define its culture. These values are central to the company's mission and vision, influencing how it interacts with customers, employees, and the broader community. While specific details of Electromed's core values as of April 2025 are not available in the provided search results, one can infer potential core values based on the company's operations and industry standards. Here are some possible core values of Electromed:

Innovation:

Innovation is likely a key value for Electromed, given its focus on developing and marketing respiratory devices. This could involve:

• Investing in research and development to create new and improved products.
• Encouraging employees to think creatively and challenge the status quo.
• Staying ahead of industry trends and anticipating future customer needs.

Customer Focus:

A strong customer focus is essential for any medical device company. This might manifest as:

• Prioritizing customer satisfaction and providing excellent service.
• Seeking customer feedback to improve products and services.
• Building long-term relationships with healthcare providers and patients.

Quality and Reliability:

Given the critical nature of medical devices, quality and reliability are paramount. This could include:

• Adhering to the highest standards of manufacturing and quality control.
• Ensuring that products are safe, effective, and durable.
• Continuously monitoring product performance and addressing any issues promptly.

Integrity:

Operating with integrity is crucial for building trust with stakeholders. This might involve:

• Conducting business ethically and transparently.
• Complying with all applicable laws and regulations.
• Maintaining honesty and fairness in all interactions.

Collaboration:

Collaboration is often essential for driving innovation and achieving organizational goals. This could include:

• Fostering a team-oriented environment where employees work together effectively.
• Partnering with other organizations to leverage expertise and resources.
• Encouraging open communication and knowledge sharing.

To gain a deeper understanding of Electromed, Inc., explore: Electromed, Inc. (ELMD): History, Ownership, Mission, How It Works & Makes Money