Repro Med Systems (KRMD)
Repro Med Systems (KRMD), doing business as KORU Medical Systems, designs, manufactures and markets portable medical devices for the ambulatory infusion market. The company offers mechanical infusion products comprising the FREEDOM infusion systems that include the FREEDOM60 syringe driver, the FreedomEdge syringe driver, HIgH-Flo subcutaneous safety needle sets and RMS precision flow rate tubing. KRMD also provides education and training materials to clinicians, patients and patient advocates. The company was founded in 1980 and is headquartered in Chester, NY.
Repro Med Systems made its way into the newsletter some time ago (2008) at just $0.16 per share. After years of hovering in the $0.10- $0.50 range, the stock has rocketed upwards over the past few years, receiving top performer honors in 2017.
This year, despite declining bottom line results (largely a result of increased litigation expenses), KRMD has managed to triple in share price, while continuing its impressive top line growth. Given Repro Med’s impressive sales, positive outlook and stellar stock performance, KRMD is 2019’s Stock of the Year.
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