RTTNews | Nov 4, 2020 10:44AM EST

10:44 Wednesday, November 4, 2020 (RTTNews.com) - Shares of small-cap company Repro Med Systems, Inc. (KRMD) slipped nearly 30% on Wednesday morning after reporting its quarter results.

KRMD is currently trading at $4.39, down $1.75 or 28.47%, on the Nasdaq.

Net income for the third quarter was $0.2 million or $0.01 per share, compared to $0.7 million or $0.02 per share. Net sales for the third quarter were $6.1 million, down from $6.6 million last year.

"Our total net sales declined in Q3 2020 primarily attributable to lower clinical trial activity and allowances associated with U.S. sales," CEO Don Pettitgrew said.

Read the original article on RTTNews ( https://www.rttnews.com/3142823/stock-alert-repro-med-systems-tanks-30.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved