Overview
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- TickerKRMD on Nasdaq1
- IndustrySurgical & Medical Instruments & Apparatus1
- HeadquartersMahwah, New Jersey1
- Incorporated inDE2
- Business address100 Corporate Drive, Mahwah, Nj 074302
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Increasing diagnoses of Primary Immunodeficiency Diseases (PIDD) , which frequently require immunoglobulin (Ig) treatment.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
United States brought in 74% of the revenue KORU Medical Systems, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $27.5M | $30.2M |
| Outside the United States | $6.1M | $10.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue36¢$15.5M
- Research and development10¢$4.4M
- Selling, general and admin54¢$23.4M
- Income tax0¢$21.9K
Out of $41.1M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$462.4K
Out of $462.4K of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| NET REVENUES | $41.1M | $33.6M |
| Cost of goods sold | $15.5M | $12.3M |
| Gross Profit | $25.6M | $21.3M |
| Selling, general and administrative | $23.4M | $21.6M |
| Research and development | $4.4M | $5.3M |
| Depreciation and amortization | $810.5K | $888.5K |
| Total Operating Expenses | $28.6M | $27.8M |
| Net Operating Loss | -$3.0M | -$6.4M |
| Income/(loss) on foreign currency exchange | $53.1K | -$46.0K |
| Other income/(expense) | $9.9K | -$16.2K |
| Interest income, net | $293.4K | $444.6K |
| TOTAL OTHER INCOME | $356.4K | $382.5K |
| LOSS BEFORE TAXES | -$2.6M | -$6.1M |
| Income tax expense | -$21.9K | -$2.9K |
| NET LOSS | -$2.6M | -$6.1M |
| Basic | -$0.06 | -$0.13 |
| Diluted | -$0.06 | -$0.13 |
| Basic | 46.2M shares | 45.8M shares |
| Diluted | 46.2M shares | 45.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $8.9M | $9.6M | |
| Accounts receivable, net | $6.2M | $5.7M | |
| Inventory, net | $3.7M | $2.8M | |
| Other receivables | $320.0K | $277.2K | |
| Prepaid expenses and other current assets | $908.5K | $749.9K | |
| TOTAL CURRENT ASSETS | $20.0M | $19.1M | |
| Property and equipment, net | $4.5M | $4.3M | |
| Intangible assets, net of accumulated amortization of $527,949 and $458,538 at December 31, 2025 and December 31, 2024, respectively | $684.8K | $730.3K | |
| Operating lease right-of-use assets | $3.0M | $3.0M | |
| Other assets | $99.0K | $99.0K | |
| TOTAL ASSETS | $28.2M | $27.2M | |
| Accounts payable | $2.3M | $1.6M | |
| Accrued expenses | $4.8M | $3.9M | |
| Note payable | $271.2K | ||
| Other liabilities | $27.7K | $29.3K | |
| Accrued payroll and related taxes | $532.0K | $811.4K | |
| Finance lease liability | $124.9K | $115.6K | |
| Operating lease liability | $413.4K | $400.3K | |
| TOTAL CURRENT LIABILITIES | $8.2M | $7.2M | |
| Finance lease liability, net current portion | $78.7K | $202.6K | |
| Operating lease liability, net of current portion | $2.9M | $3.0M | |
| TOTAL LIABILITIES | $11.2M | $10.4M | |
| Common stock, $0.01 par value, 75,000,000 shares authorized, 49,790,934 and 49,377,617 shares issued; 46,370,432 and 45,957,115 shares outstanding at December 31, 2025, and December 31, 2024, respectively | $497.9K | $493.8K | |
| Additional paid-in capital | $52.4M | $49.6M | |
| Treasury stock, 3,438,526 and 3,438,526 shares at December 31, 2025 and December 31, 2024, respectively, at cost | -$3.9M | -$3.9M | |
| Accumulated Deficit | -$32.0M | -$29.4M | |
| TOTAL STOCKHOLDERS EQUITY | $17.0M | $16.8M | $20.4M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $28.2M | $27.2M | |
| Finite-lived intangible assets, accumulated amortization | $527.9K | $458.5K | |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | |
| Common Stock, Shares Authorized | 75.0M shares | 75.0M shares | |
| Common stock, shares, issued | 49.8M shares | 49.4M shares | |
| Common stock, shares, outstanding | 46.4M shares | 46.0M shares | |
| Treasury stock, shares | 3.4M shares | 3.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $8.9M | $9.6M | |
| Accounts receivable, net | $6.2M | $5.7M | |
| Inventory, net | $3.7M | $2.8M | |
| Other receivables | $320.0K | $277.2K | |
| Prepaid expenses and other current assets | $908.5K | $749.9K | |
| TOTAL CURRENT ASSETS | $20.0M | $19.1M | |
| Property and equipment, net | $4.5M | $4.3M | |
| Intangible assets, net of accumulated amortization of $527,949 and $458,538 at December 31, 2025 and December 31, 2024, respectively | $684.8K | $730.3K | |
| Operating lease right-of-use assets | $3.0M | $3.0M | |
| Other assets | $99.0K | $99.0K | |
| TOTAL ASSETS | $28.2M | $27.2M | |
| Accounts payable | $2.3M | $1.6M | |
| Accrued expenses | $4.8M | $3.9M | |
| Note payable | $271.2K | ||
| Other liabilities | $27.7K | $29.3K | |
| Accrued payroll and related taxes | $532.0K | $811.4K | |
| Finance lease liability | $124.9K | $115.6K | |
| Operating lease liability | $413.4K | $400.3K | |
| TOTAL CURRENT LIABILITIES | $8.2M | $7.2M | |
| Finance lease liability, net current portion | $78.7K | $202.6K | |
| Operating lease liability, net of current portion | $2.9M | $3.0M | |
| TOTAL LIABILITIES | $11.2M | $10.4M | |
| Common stock, $0.01 par value, 75,000,000 shares authorized, 49,790,934 and 49,377,617 shares issued; 46,370,432 and 45,957,115 shares outstanding at December 31, 2025, and December 31, 2024, respectively | $497.9K | $493.8K | |
| Additional paid-in capital | $52.4M | $49.6M | |
| Treasury stock, 3,438,526 and 3,438,526 shares at December 31, 2025 and December 31, 2024, respectively, at cost | -$3.9M | -$3.9M | |
| Accumulated Deficit | -$32.0M | -$29.4M | |
| TOTAL STOCKHOLDERS EQUITY | $17.0M | $16.8M | $20.4M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $28.2M | $27.2M | |
| Finite-lived intangible assets, accumulated amortization | $527.9K | $458.5K | |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | |
| Common Stock, Shares Authorized | 75.0M shares | 75.0M shares | |
| Common stock, shares, issued | 49.8M shares | 49.4M shares | |
| Common stock, shares, outstanding | 46.4M shares | 46.0M shares | |
| Treasury stock, shares | 3.4M shares | 3.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Loss | -$2.6M | -$6.1M |
| Stock-based compensation expense and warrant expense | $2.7M | $2.6M |
| Depreciation and amortization | $810.5K | $888.5K |
| Loss/(Gain) on disposal of fixed assets | -$6.7K | $16.2K |
| Non-cash leasing charges | -$97.8K | $243.4K |
| Increase in accounts receivable | -$489.2K | -$1.7M |
| Decrease/(Increase) in inventory | -$874.5K | $677.6K |
| Decrease/(Increase) in prepaid expenses and other assets | -$196.7K | $220.1K |
| Increase in accounts payable | $617.5K | $674.8K |
| Increase/(Increase) in accrued payroll and related taxes | -$279.4K | $348.5K |
| Decrease in other liabilities | -$1.5K | -$483.2K |
| Increase in accrued expenses | $904.6K | $2.2M |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $462.4K | -$319.7K |
| Purchases of property and equipment | -$932.5K | -$1.3M |
| Proceeds on disposals of property and equipment | $6.7K | $8.5K |
| Purchases of intangible assets | -$24.0K | -$44.1K |
| NET CASH USED IN INVESTING ACTIVITIES | -$949.8K | -$1.3M |
| Proceeds from exercise of employee stock options | $186.2K | |
| Borrowings from insurance finance indebtedness | $406.8K | $487.5K |
| Payments on insurance finance indebtedness | -$677.9K | -$530.7K |
| Payments for taxes related to net share settlement of equity awards | -$27.5K | -$97.4K |
| Payments on finance lease liability, net of asset | -$108.8K | -$108.0K |
| NET CASH USED IN FINANCING ACTIVITIES | -$221.3K | -$248.5K |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | -$708.7K | -$1.9M |
| Interest | $55.5K | $71.9K |
| Income taxes | $14.8K |
No quarter-by-quarter statement was filed.
Corporate structure
KORU Medical Systems, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of KORU Medical Systems, Inc.
- BlackRock Filed SCHEDULE 13G on KORU Medical Systems, Inc., latest Jul 29, 2026 (3 filings since Jan 21, 2026)
- First Light Asset Management, LLC Filed SCHEDULE 13G/A on KORU Medical Systems, Inc., latest Feb 17, 2026 (6 filings since Feb 14, 2022)
- Horton Capital Partners, LLC Filed SCHEDULE 13D/A on KORU Medical Systems, Inc., latest Feb 13, 2026 (4 filings since Feb 24, 2023)
- Topline Capital Management, LLC Filed SCHEDULE 13G/A on KORU Medical Systems, Inc., latest Feb 13, 2026 (3 filings since May 23, 2024)
- Archon Capital Management LLC Filed SC 13G/A on KORU Medical Systems, Inc., latest Nov 13, 2024 (4 filings since Feb 14, 2022)
- KORU Medical Systems, Inc. Mahwah, New Jersey
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What KORU Medical Systems, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $8.5M4 Dec 31, 2025 | $7.8M4 Dec 31, 2024 | +10.0% |
| Accumulated depreciation | $4.1M4 Dec 31, 2025 | $3.5M4 Dec 31, 2024 | +17.1% |
| Property and equipment, net | $4.5M4 Dec 31, 2025 | $4.3M4 Dec 31, 2024 | +4.2% |
| Operating-lease assets (leased space) | $3.0M4 Dec 31, 2025 | $3.0M4 Dec 31, 2024 | −0.3% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated amortization | $527.9K4 Dec 31, 2025 | $458.5K4 Dec 31, 2024 | +15.1% |
| Finite-lived intangibles, net | $684.8K4 Dec 31, 2025 | $730.3K4 Dec 31, 2024 | −6.2% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $3.7M4 Dec 31, 2025 | $2.8M4 Dec 31, 2024 | +31.2% |
| Finished goods | $2.9M4 Dec 31, 2025 | $2.0M4 Dec 31, 2024 | +49.0% |
Properties, in its own words
We currently rent 43,975 square feet of a building located at 100 Corporate Drive, Mahwah, New Jersey with the lease having commenced on March 1, 2022 and expiring August 31, 2032. This facility is used as our headquarters and for our in-house manufacturing operations.
Item 2 of the 10-K filed Mar 12, 2026.3
Leadership
Who has led KORU Medical Systems, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerAdam R. Kalbermatten Jul 2, 2026 to now12
- Chief executive officerLinda M. Tharby Apr 14, 2021 to Jul 2, 202613
- Chief executive officerDonald B. Pettigrew Dec 9, 2020 to Dec 9, 202014
- Chief executive officerDaniel S. Goldberger Oct 2, 2018 to Jan 2, 201915
- Chief executive officerAndrew I. Sealfon Apr 18, 2013 to May 19, 201616
- ChairDaniel S. Goldberger Oct 2, 2018 to Jan 2, 201915
- ChairAndrew I. Sealfon Aug 30, 2011 to Aug 30, 201117
- PresidentAdam R. Kalbermatten Mar 18, 2026 to now18
- PresidentLinda M. Tharby Apr 14, 2021 to Mar 18, 202613
- PresidentAndrew I. Sealfon Apr 18, 2013 to Apr 18, 201316
- Chief financial officerKaren Fisher Mar 25, 2015 to Dec 7, 202019
- Chief financial officerMichael Richard Boscher Feb 6, 2012 to Apr 11, 201420
- Chief operating officerChristopher Pazdan Jul 31, 2024 to now21
- Chief operating officerManuel A. Marques Dec 14, 2018 to Dec 16, 202122
Board members and other officers (24)
- Chief Technology OfficerEric Schiller Jan 15, 2026 to now23
- Chief Commercial OfficerAdam R. Kalbermatten Aug 11, 2025 to now24
- Chief Technology OfficerBrian Case Apr 22, 2022 to Mar 28, 202325
- Pres./Chief Commercial OfficerDonald B. Pettigrew Sep 12, 2018 to Jun 3, 201926
- Cief Operating OfficerRonald Tortorella Jul 14, 2009 to Jul 14, 200927
- Board memberLinda M. Tharby Mar 14, 2023 to now28
- Board memberEdward Wholihan Oct 6, 2023 to now29
- Board memberFreedom L.p. Horton Dec 29, 2023 to Jan 12, 202430
- Board memberRobert Cascella May 10, 2022 to now31
- Board memberDonna French May 21, 2021 to now32
- Board memberShahriar Matin May 21, 2021 to now33
- Board memberKathy Frommer Apr 30, 2019 to Apr 4, 202234
- Board memberR. John Fletcher May 8, 2019 to now35
- Board memberDaniel S. Goldberger Apr 24, 2018 to Apr 4, 202236
- Board memberJames M. Beck Dec 14, 2018 to Jul 5, 202337
- Board memberRobert T. Allen Dec 14, 2018 to Apr 4, 202238
- Board memberJoseph M. Manko Jr. Jul 5, 2016 to now39
- Board memberArthur J. Radin Feb 10, 2015 to Apr 3, 201940
- Board memberCyril Nicholas Narishkin Oct 29, 2015 to Mar 2, 201641
- Board memberBrad Alexander Sealfon May 21, 2014 to Jul 3, 201842
- Board memberMark Pastreich May 25, 2011 to Jul 2, 201943
- Board memberRemo Spagnoli Jun 11, 2009 to Apr 19, 201344
- Board memberAndrew I. Sealfon Jul 14, 2009 to Dec 19, 201845
- Board memberPaul Mark Baker Aug 4, 2009 to Dec 19, 201846
Former names
- REPRO MED SYSTEMS INCJul 12, 1996 to Jun 3, 20222
Timeline
- Aug 14, 20268-K Bylaws or fiscal year changed47
- Aug 5, 20268-K Results of operations48
- Jul 2, 2026New chief executive Adam R. Kalbermatten becomes CEO12
- Jun 30, 20268-K Entered a material agreement49
- May 21, 20268-K Shareholder vote50
- May 6, 20268-K Results of operations51
- Apr 3, 20268-K Entered a material agreement; New debt or obligation52
- Mar 16, 20268-K Executive or director change53
- Mar 12, 20268-K Results of operations54
- Feb 11, 20268-K Bylaws or fiscal year changed55
- Jan 12, 20268-K Results of operations56
- Nov 25, 20258-K Entered a material agreement57
- Nov 12, 20258-K Results of operations58
- Apr 14, 2021New chief executive Linda M. Tharby becomes CEO13
- Dec 9, 2020New chief executive Donald B. Pettigrew becomes CEO14
- Oct 2, 2018New chief executive Daniel S. Goldberger becomes CEO15
- Apr 18, 2013New chief executive Andrew I. Sealfon becomes CEO16
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 12, 2025.59
When it reported results
- Aug 5, 2026Reported quarterly or annual results48
- May 6, 2026Reported quarterly or annual results51
- Mar 12, 2026Reported quarterly or annual results54
- Jan 12, 2026Reported quarterly or annual results56
- Nov 12, 2025Reported quarterly or annual results58
- Aug 6, 2025Reported quarterly or annual results60
- May 7, 2025Reported quarterly or annual results61
- Mar 12, 2025Reported quarterly or annual results62
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
332 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 215 insider forms, 20 large holders, 30 other. The latest 20:
- Oct 1, 20264 FORM 4 FOR 09-30-2026 EDGAR
- Oct 1, 20264 FORM 4 FOR 10-01-2026 EDGAR
- Oct 1, 20264 FORM 4 FOR 10-01-2026 EDGAR
- Oct 1, 20264 FORM 4 FOR 10-01-2026 EDGAR
- Oct 1, 20264 FORM 4 FOR 10-01-2026 EDGAR
- Oct 1, 20264 FORM 4 FOR 10-01-2026 EDGAR
- Sep 9, 20264 FORM 4 FOR 09-08-2026 EDGAR
- Aug 14, 20268-K FORM 8-K CURRENT REPORT FOR 08-13-2026 EDGAR
- Aug 6, 20264 FORM 4 FOR 07-28-2026 EDGAR
- Aug 5, 202610-Q FORM 10-Q QUARTERLY REPORT FOR 06-30-2026 EDGAR
- Aug 5, 20268-K FORM 8-K CURRENT REPORT FOR 08-05-2026 EDGAR
- Aug 3, 2026144 EDGAR
- Jul 29, 2026SCHEDULE 13G EDGAR
- Jul 13, 20264/A FORM 4/A AMENDMENT NO. 1 FOR 07-01-2026 EDGAR
- Jul 2, 20264 FORM 4 FOR 07-01-2026 EDGAR
- Jul 1, 20264 FORM 4 FOR 07-01-2026 EDGAR
- Jul 1, 20264 FORM 4 FOR 07-01-2026 EDGAR
- Jul 1, 20264 FORM 4 FOR 07-01-2026 EDGAR
- Jul 1, 20264 FORM 4 FOR 07-01-2026 EDGAR
- Jul 1, 20264 FORM 4 FOR 07-01-2026 EDGAR
The 332 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
17 open-market trades by officers, directors and large owners since October 2021: 16 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | KALBERMATTEN ADAM RChief Commercial Officer | Buy | 32,000 | $3.16 | $101.1K | Form 4 |
| Jun 11, 2026 | KALBERMATTEN ADAM RChief Commercial Officer | Buy | 12,500 | $3.94 | $49.3K | Form 4 |
| May 18, 2026 | Schiller EricChief Technology Officer | Buy | 5,000 | $3.91 | $19.6K | Form 4 |
| May 15, 2026 | Tharby Linda MChief Executive Officer | Buy | 1,191 | $3.92 | $4.7K | Form 4 |
| May 15, 2026 | Tharby Linda MChief Executive Officer | Buy | 1,191 | $1,191.00 | $1.4M | Form 4 |
| May 14, 2026 | Pazdan ChristopherChief Operating Officer | Buy | 5,000 | $3.88 | $19.4K | Form 4 |
| May 14, 2026 | Adams Thomas EdwardChief Financial Officer | Buy | 5,500 | $3.86 | $21.2K | Form 4 |
| Dec 13, 2023 | Manko Joseph M. Jr.Director | Buy | 145,833 | $2.40 | $350.0K | Form 4 |
| Dec 13, 2023 | Manko Joseph M. Jr.Director | Sale | 145,833 | $2.40 | $350.0K | Form 4 |
| Aug 21, 2023 | Horton Capital Partners, LLC10% owner | Buy | 10,000 | $2.65 | $26.5K | Form 4 |
| Aug 18, 2023 | Tharby Linda MChief Executive Officer | Buy | 5,272 | $2.53 | $13.3K | Form 4 |
| Aug 18, 2023 | Horton Capital Partners, LLC10% owner | Buy | 10,000 | $2.54 | $25.4K | Form 4 |
| Aug 16, 2023 | CASCELLA ROBERTDirector | Buy | 19,000 | $2.61 | $49.6K | Form 4 |
| May 13, 2022 | Tharby Linda MChief Executive Officer | Buy | 9,897 | $2.20 | $21.8K | Form 4 |
| May 13, 2022 | Manko Joseph M. Jr.Director | Buy | 20,000 | $2.15 | $43.0K | Form 4 |
| May 12, 2022 | Tharby Linda MChief Executive Officer | Buy | 300 | $2.00 | $600 | Form 4 |
| May 12, 2022 | Manko Joseph M. Jr.Director | Buy | 20,000 | $2.01 | $40.2K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G, 3 filings Jan 21, 2026 to Jul 29, 202663
- First Light Asset Management, LLCSCHEDULE 13G/A, 6 filings Feb 14, 2022 to Feb 17, 202664
- Horton Capital Partners, LLCSCHEDULE 13D/A, 4 filings Feb 24, 2023 to Feb 13, 202665
- Topline Capital Management, LLCSCHEDULE 13G/A, 3 filings May 23, 2024 to Feb 13, 202666
- Archon Capital Management LLCSC 13G/A, 4 filings Feb 14, 2022 to Nov 13, 202467
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Adam KalbermattenChief Commercial Officer | $163.6K | $2.6M68 | |
| 2025 | Linda TharbyChief Executive Officer | $597.0K | $1.7M68 | |
| 2025 | Thomas AdamsChief Financial Officer | $337.8K | $979.3K68 | |
| 2024 | Linda TharbyChief Executive Officer | $568.8K | $1.3M68 | |
| 2024 | Thomas AdamsChief Financial Officer | $334.6K | $565.0K68 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 85. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How KORU Medical Systems, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKORU Medical Systems, Inc.1
- CIK0000704440
- Employer ID (EIN)13-30448803
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address100 Corporate Drive, Mahwah, NJ 074301
- Phone845-469-20421
- Shares outstanding46,171,902 as of Aug 5, 202611
- Public float$119.1M as of Jun 30, 20253
- AuditorCherry Bekaert LLP, Tampa, Florida PCAOB ID 6773
- On EDGAR sinceJul 12, 19961
- Filings963 in all: 4 (455), 8-K (136), 10-Q (54), 10QSB (37), 3 (30), 4/A (30), 5 (18), 10-K (17)1
All 46 form types
424B3 (17), NT 10-Q (16), 10KSB (12), SC 13D/A (12), SC 13G/A (12), DEF 14A (10), NT 10-K (10), UPLOAD (10), 10QSB/A (7), S-8 (7), 144 (6), CORRESP (6), PRE 14A (5), SC 13G (5), SCHEDULE 13G/A (5), 10-Q/A (4), 8-K/A (4), EFFECT (4), S-8 POS (4), 3/A (3), DEFA14A (3), 424B5 (2), 5/A (2), REGDEX (2), S-3 (2), SC 13D (2), SCHEDULE 13D/A (2), SCHEDULE 13G (2), 10-K/A (1), 10-KT (1), 10KSB/A (1), 8-A12B (1), 8-A12B/A (1), CERT (1), POS AM (1), S-1 (1), S-1/A (1), S-3/A (1)
- Latest filingsAnnual report (10-K) Mar 12, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Apr 9, 2026
Latest 8-K (8-K) Aug 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| common stock, $0.01 par value | KRMD | The Nasdaq Stock Market |
From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks KORU Medical Systems, Inc. names in Item 1A of its 10-K filed Mar 12, 2026: 51 risks under these headings, as written.3
- Risks Related to Our Business
- If we are unable to successfully introduce new products or fail to keep pace with advances in technology, our business, financial condition and results of operations could be adversely affected.
- Our business depends on an adequate supply of drugs to be administered by our products.
- The size of the markets for our products and any future products may be smaller than we estimate and may decline.
- We sell a majority of our products through only a few distributors on whom we depend, and our financial results depend on their purchasing patterns.
- Most of our components and raw materials, including all of our consumables subassemblies, are sourced from single suppliers. If we are unable to obtain sufficient components or raw materials on a timely basis or for a cost-effective price, or if we experience other supply difficulties, our business and results of operations may be adversely affected.
- Interruption of our manufacturing or our contract manufacturing operations could adversely affect our business.
- If we are unable to compete successfully in our highly competitive industry, our business and financial condition may be adversely affected.
- Technological developments by others may disrupt our business and negatively impact our revenues.
- If a cybersecurity incident was to occur, it could cause substantial disruption to our information systems and breaches of our security systems which could harm our business, customer relations and financial condition.
- If we are unable to protect our patents or other proprietary rights, or if we infringe the patents or other proprietary rights of others, our competitiveness and business prospects may be materially damaged.
- We need to attract and retain key employees to be competitive.
The other 40 risks
- Recent immigration enforcement actions in the U.S. could impact our operations or the operations of our suppliers and vendors, and the ability to retain talented personnel.
- Risks Related to Our Industry
- Failure to obtain 510(k) clearance or PMA approval from the FDA for our new products or enhancements to our existing products may affect our ability to grow our business.
- Healthcare policy changes and industry cost-containment measures could result in downward pricing pressure for our products and limit our sales.
- Issues with product quality could have an adverse effect upon our business, subject us to regulatory actions, cause a loss of customer confidence in us or our products, among other negative consequences.
- Defects or quality issues associated with our products could adversely affect the results of our operations.
- The therapeutic efficacy of certain of our biopharma customers’ products that may utilize our device are either unproven in humans or has only been proven in limited circumstances, and we may not be able to successfully develop and sell our products in combination with our biopharma customers’ products.
- Certain of the injectable therapies being targeted for use with our products are not approved but are in various phases of clinical development. These injectable therapies may be independently terminated by their makers prior to submission of a regulatory filing or even after regulatory approval and pharmaceutical developers may cease their efforts with us, resulting in the cessation of any revenue associated with that contract or program.
- Our commercial success depends upon the attainment of significant market acceptance of drug product candidates to be included in our biopharma customers’ products that may utilize our device, if approved, among physicians, patients, healthcare payers or the medical community.
- If coverage and reimbursement from third-party payors for procedures utilizing our products are inadequate, adoption of our products will be adversely affected and our revenues and prospects for profitability will suffer.
- Most brand name injectable therapies will face future competition from generic or biosimilar therapies, which could significantly reduce their commercial viability.
- Risks Related to Legal and Regulatory Compliance
- We are subject to costly and complex laws and governmental regulations and any adverse regulatory action may materially adversely affect our financial condition and business operations.
- We and the biopharmaceutical companies with whom we do novel therapies business (“our biopharma customers”) are subject to extensive regulation by governments around the world, and if these regulations are not complied with, existing and future operations may be curtailed, and we could be subject to liability.
- Our compliance with EU MDR regulations by December 2028 will require significant investment and, if we are not in compliance by that time, we will not be able to sell our products in the EU.
- Our failure to comply with laws and regulations relating to reimbursement of healthcare products may subject us to penalties and adversely impact our reputation, business, results of operations, financial condition and cash flows.
- Risks Related to Economic Conditions
- Our distribution network and other operations outside the U.S. subject us to certain risks.
- Rising inflation increases economic uncertainty and may require us to raise prices in order to maintain our operating margins.
- We are subject to foreign currency exchange risk.
- A government shutdown may have a material adverse impact on our business and results of operations.
- A downturn in global economic conditions in government-sponsored healthcare systems could adversely affect our operations.
- Public health crises, such as the COVID-19 pandemic, have had, and could in the future have, a negative effect on our business.
- Brexit may impact our business in the United Kingdom.
- Risks Related to Our Financial Position
- We may need additional funding in the future, and if we are unable to raise capital when needed, we may be forced to delay, reduce or eliminate our product development, commercial efforts, or sales efforts.
- We are required to comply with certain financial and operating covenants under our credit facility. Failure to comply with these covenants would prevent us from drawing on our facility and, once drawn, could cause amounts borrowed to become immediately due and payable.
- Changes in tax or labor laws or exposure to additional income tax liabilities could increase our costs and reduce our margins.
- Changes in tariff and trade policies by the US administration, and uncertainties with respect to such policies, may have an adverse impact on our costs of goods and gross margin.
- Our operating results and financial condition may fluctuate.
- Future material impairments in the value of our long-lived assets could negatively affect our operating results.
- Risks Related to Ownership of Our Common Stock
- There may be circumstances in which the interests of our significant stockholders could be in conflict with your interests as a stockholder.
- We do not currently intend to pay dividends on our common stock.
- Future sales and issuances of shares of our common stock or rights to purchase our common stock, including pursuant to our equity compensation plans, could result in additional dilution of the percentage ownership of our stockholders.
- There has been volatility in the price of shares of our common stock.
- If we do not maintain compliance with the listing standards of the Nasdaq Capital Market, Nasdaq may delist our common stock from trading on its exchange.
- We are a smaller reporting company and non-accelerated filer, and we cannot be certain if the reduced disclosure requirements applicable to us will make our common stock less attractive to investors.
- The price of our common stock may be adversely affected by the future issuance and sale of shares of our common stock or other equity securities.
- You may find it difficult to sell our common stock.
- Actions of activist stockholders could have an adverse effect on our business.
- General Risk Factors
- Natural disasters, war and other events could adversely affect our suppliers and customers.
- We are dependent on information technology systems and subject to privacy and security laws, and our systems and infrastructure face certain risks, including from cyber security breaches and data leakage.
- We are subject to lawsuits.
- Our insurance coverage may be inadequate to cover all the liabilities we may incur.
Legal proceedings
In the ordinary course of our business, we may be subject to various claims, pending and potential legal actions for damages, investigations relating to governmental laws and regulations and other matters arising out of the normal conduct of our business. We are not aware of any current material pending legal proceedings to which we are a party or of which any of our properties is the subject.
The opening of Item 3, Legal Proceedings.3
Sources
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- 17SEC EDGARAndrew I. Sealfon, Chair
- 18SEC EDGARAdam R. Kalbermatten, President
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- 25SEC EDGARBrian Case, Chief Technology Officer
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- 28SEC EDGARLinda M. Tharby, Board member
- 29SEC EDGAREdward Wholihan, Board member
- 30SEC EDGARFreedom L.p. Horton, Board member
- 31SEC EDGARRobert Cascella, Board member
- 32SEC EDGARDonna French, Board member
- 33SEC EDGARShahriar Matin, Board member
- 34SEC EDGARKathy Frommer, Board member
- 35SEC EDGARR. John Fletcher, Board member
- 36SEC EDGARDaniel S. Goldberger, Board member
- 37SEC EDGARJames M. Beck, Board member
- 38SEC EDGARRobert T. Allen, Board member
- 39SEC EDGARJoseph M. Manko Jr., Board member
- 40SEC EDGARArthur J. Radin, Board member
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- 42SEC EDGARBrad Alexander Sealfon, Board member
- 43SEC EDGARMark Pastreich, Board member
- 44SEC EDGARRemo Spagnoli, Board member
- 45SEC EDGARAndrew I. Sealfon, Board member
- 46SEC EDGARPaul Mark Baker, Board member
- 47SEC EDGARBylaws or fiscal year changed
- 48SEC EDGARResults of operations
- 49SEC EDGAREntered a material agreement
- 50SEC EDGARShareholder vote
- 51SEC EDGARResults of operations
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- 53SEC EDGARExecutive or director change
- 54SEC EDGARResults of operations
- 55SEC EDGARBylaws or fiscal year changed
- 56SEC EDGARResults of operations
- 57SEC EDGAREntered a material agreement
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