Electromed, Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2016. For the quarter, the company reported net revenues of $5,545,363 against $5,001,188 a year ago. Operating income was $288,879 against $585,168 a year ago. Net income before income taxes was $272,172 against $564,962 a year ago. Net income was $191,172 against $340,962 a year ago. Basic and diluted per share was $0.02 against $0.04 a year ago. Net cash used in operating activities was $1,215,869 against net cash provided by operating activities of $311,430 a year ago. Expenditures for property and equipment were $49,462 against $101,006 a year ago. Expenditures for finite-life intangible assets were $21,494 against $13,829 a year ago.

The company anticipates that its full year effective tax rate for fiscal 2017 will return to its normalized rates.