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KORU Medical Systems, Inc. (KRMD) company profile

KRMDNasdaqSurgical & Medical Instruments & ApparatusFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 10, 2026Score 13/30
$3.70+0.01 (+0.27%)

Close on Nov 13, 2026Market cap $170.84MP/E –Yield –

About KORU Medical Systems

Surgical & Medical Instruments & Apparatus, SIC 3841

KORU Medical Systems develops, manufactures, and commercializes mechanical infusion devices designed for subcutaneous drug delivery. Its core product line, the FREEDOM Infusion System, features the FREEDOM60 and FreedomEdge syringe drivers, subcutaneous safety needle sets, and precision flow rate tubing. These systems administer subcutaneous medications such as immunoglobulin for primary immunodeficiency and chronic inflammatory demyelinating polyneuropathy, alongside treatments for conditions like generalized myasthenia gravis. The business operates across three primary streams: domestic core, international core, and biopharmaceutical services, which offers testing and engineering support for clinical trials. The company provides its products and services to pharmaceutical firms, home infusion providers, specialty pharmacies, and distributors.

The company distributes its devices through three domestic distributors in the United States and six distributors internationally. It manufactures all infusion pumps and some consumables at its facility in Mahwah, New Jersey, while an external contract partner in Nicaragua produces additional consumables and maintains warehousing in Miami, Florida. KORU Medical Systems is headquartered in Mahwah, New Jersey.

Summary of the business section of KORU Medical Systems's latest annual report, written by StockData.

Company profile

Company

Legal name
KORU Medical Systems, Inc.
Founded
1980
Headquarters
Mahwah, NJ
Address
100 Corporate Drive 07430
Phone
(845) 469-2042
Employees
73, Dec 31, 2025
Industry
Surgical & Medical Instruments & Apparatus
Incorporated in
Delaware
Fiscal year ends
December 31
Auditor
Cherry Bekaert LLP, Tampa, Florida

Stock & identifiers

Ticker
KRMD
Former tickers
REPR until Nov 6, 2019
Exchange
Nasdaq
IPO date
Apr 5, 1994
Shares outstanding
46M, Aug 5, 2026
Public float
$119.08M, Jun 30, 2025
Filer category
Non-accelerated filer<br>Smaller reporting company
SEC CIK
704440
CUSIP
759910102
ISIN
US7599101026
FIGI
BBG000D94144
Share class FIGI
BBG001S7QTX3
EIN
13-3044880

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Linda M. TharbyChief Executive Officer, Director620,622
Adam R. KalbermattenChief Commercial Officer394,017
Eric SchillerChief Technology Officer5,000
Christopher PazdanChief Operating Officer308,988
Thomas Edward AdamsChief Financial Officer307,688
Kenneth E. MillerChief Commercial Officer5,893
Shahriar MatinDirector106,263
Donna FrenchDirector103,633
R. John FletcherDirector239,836
Robert CascellaDirector103,274
Joseph M. Manko Jr.Director5,857,207
Edward WholihanDirector56,431

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025$1.74M$3.25M$1.77M$163–
FY2024$1.27M$1.93M$598.87K$108–
FY2023$713.37K-$1.19M$547.30K$69–
FY2022$962.60K$1.45M$841.72K$119–

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Executive compensation, fiscal 2025

Summary compensation table from the latest proxy statement

ExecutiveSalaryStock awardsOption awardsIncentive payOtherTotalvs. prior year
Linda Tharby
Chief Executive Officer
$596.96K$658.79K$187.65K$280.48K$14.00K$1.74M+37%
Adam Kalbermatten
Chief Commercial Officer
$163.56K$1.02M$1.38M$0$6.54K$2.57M–
Thomas Adams
Chief Financial Officer
$337.85K$246.45K$110.05K$230.99K$14.00K$979.35K+73%

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

Employees

Headcount reported in annual reports

“As of December 31, 2025, we had 73 full time employees, including 4 international”

Corporate history

Events identified from SEC filings

DateEventDetails
Jun 3, 2024Auditor changeChange in certifying accountant (8-K Item 4.01)
Jun 3, 2022Name changeName changed from REPRO MED SYSTEMS INC to KORU Medical Systems, Inc.
Oct 15, 2019ListingRegistration of securities on an exchange (Form 8-A)
Nov 5, 2014Auditor changeChange in certifying accountant (8-K Item 4.01)
Oct 24, 2011Auditor changeChange in certifying accountant (8-K Item 4.01)
Jan 12, 2009Auditor changeChange in certifying accountant (8-K Item 4.01)
Dec 19, 2008Auditor changeChange in certifying accountant (8-K Item 4.01)
Dec 10, 2008Auditor changeChange in certifying accountant (8-K Item 4.01)
Jul 15, 2008Late filingNotification of late filing
May 29, 2008Late filingNotification of late filing
Jan 14, 2008Late filingNotification of late filing
Oct 15, 2007Late filingNotification of late filing
May 29, 2007Late filingNotification of late filing
Jan 16, 2007Late filingNotification of late filing
Jul 17, 2006Late filingNotification of late filing
May 26, 2006Late filingNotification of late filing
Jan 17, 2006Late filingNotification of late filing
Jul 15, 2005Late filingNotification of late filing
May 31, 2005Late filingNotification of late filing
Jul 15, 2004Late filingNotification of late filing
May 26, 2004Late filingNotification of late filing
Jan 14, 2004Late filingNotification of late filing
Oct 15, 2003Late filingNotification of late filing
Jul 15, 2003Late filingNotification of late filing
May 29, 2003Late filingNotification of late filing
Jan 14, 2003Late filingNotification of late filing
May 29, 2002Late filingNotification of late filing
Jan 8, 2001Late filingNotification of late filing
May 26, 2000Late filingNotification of late filing
Jul 14, 1999Late filingNotification of late filing

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