InfuSystem reports improvement in cash flow
By HME News Staff
Updated Thu March 7, 2019
MADISON HEIGHTS, Mich. - InfuSystem Holdings reported net revenues of $17.6 million for the fourth quarter of 2018, a 7% decrease compared to the same quarter in 2017. It reported net revenues of $67.1 million for 2018, a 5.5% decrease compared to 2017. InfuSystem reported a net loss of $300,000 for the fourth quarter and $1.1 million for 2018. On the positive side: The company reported $11.4 million in operating cash flow in 2018, an increase of 48% compared to 2017, driven by an improvement in profitability by $2.8 million, primarily due to net revenue growth and decreased selling, general and administrative costs; and an improvement in working capital net inflows of $900,000, primarily due to increased accounts receivable collections.
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