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Nephros Inc (NEPH) company profile

NEPHNasdaqSurgical & Medical Instruments & ApparatusFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 13/3026% below fair value
$3.05−0.26 (-7.85%)

Close on Nov 13, 2026Market cap $33.12MP/E 16.9Yield –

About Nephros

Surgical & Medical Instruments & Apparatus, SIC 3841

Nephros, Inc. develops and commercializes point-of-use water filtration products for medical and commercial applications. The company operates two medical filtration product lines: infection control microfilters and ultrafilters that remove bacteria, viruses, and endotoxins, and dialysis ultrafilters that purify water and bicarbonate concentrates used in hemodialysis treatments. Its commercial offerings feature carbon-based and carbon-free filters designed to eliminate taste, odor, lead, cysts, scale, and per- and polyfluoroalkyl substances. Nephros primarily serves hospitals, healthcare facilities, dialysis clinics, and foodservice and hospitality establishments, alongside laboratories, manufacturing plants, aviation environments, and government facilities.

The company markets its products in the United States and international markets using an internal direct sales force and distributors, including value-added resellers. It maintains an office in Whippany, New Jersey, and operates a commercial filter manufacturing site alongside its corporate headquarters in South Orange, New Jersey. Medical filtration products are sourced through an exclusive supply partner located in Italy.

Summary of the business section of Nephros's latest annual report, written by StockData.

Company profile

Company

Legal name
Nephros Inc
Founded
1997
Headquarters
South Orange, NJ
Address
380 Lackawanna Place 07079
Phone
(201) 343-5202
Employees
36, Dec 31, 2025
Industry
Surgical & Medical Instruments & Apparatus
Incorporated in
Delaware
Fiscal year ends
December 31
Auditor
Baker Tilly US, LLP, Tewksbury, Massachusetts

Stock & identifiers

Ticker
NEPH
Exchange
Nasdaq
IPO date
Sep 21, 2004
Shares outstanding
11M, Aug 7, 2026
Public float
$27.32M, Jun 30, 2025
Filer category
Non-accelerated filer<br>Smaller reporting company
Stock splits
1-for-9 reverse, Jul 10, 2019; 1-for-20 reverse, Mar 17, 2011
SEC CIK
1196298
CUSIP
640671400
ISIN
US6406714005
FIGI
BBG000NXRTF2
Share class FIGI
BBG001SL04M7
LEI
549300TLN1G9WX00KA57
EIN
13-3971809

Executives and directors

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

NamePositionShares owned
Robert R. Banks Jr.President and CEO190,000
Judy KrandelChief Financial Officer68,861
Arthur H. AmronDirector187,683
Oliver J. SpandowDirector126,797
Holdings LLC AmronDirector187,005
Lisa Marie NettisDirector1,622
Alisa LaskDirector48,629
Joseph Michael HarrisDirector17,693

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$627.13K$1.18M$322.62K$25–
FY2024$410.17K-$175.73K$148.70K$25–
FY2023
First Peo
$545.55K$544.40K$167.57K$40–
FY2023
Second Peo
$694.97K$1.29M$167.57K$40–
FY2022$334.75K-$36.68K$212.44K$14–

“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

ExecutiveSalaryBonusOption awardsOtherTotalvs. prior year
Robert Banks
President and Chief Executive Officer
$362.50K$253.75K–$10.88K$627.13K+53%
Judy Krandel
Chief Financial Officer
$144.20K$60.56K$117.85K–$322.62K+117%

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

“of December 31, 2025, we employed a total of 36 full-time employees, including 12 employed in sales/marketing/customer support, 17 in”

Corporate history

Events identified from SEC filings

DateEventDetails
Nov 21, 2022Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Nov 15, 2022Late filingNotification of late filing
Dec 3, 2021Auditor changeChange in certifying accountant (8-K Item 4.01)
Aug 13, 2019ListingRegistration of securities on an exchange (Form 8-A)
Jan 3, 2019Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jan 4, 2016Auditor changeChange in certifying accountant (8-K Item 4.01)
Mar 31, 2015Late filingNotification of late filing
Jul 7, 2014Auditor changeChange in certifying accountant (8-K Item 4.01)
Mar 31, 2010Late filingNotification of late filing
Apr 7, 2009DelistingNotice of delisting from exchange (Form 25)
Jan 26, 2009Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Jan 14, 2009Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Sep 18, 2008Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Oct 3, 2007Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Jul 20, 2007Auditor changeChange in certifying accountant (8-K Item 4.01)
May 16, 2007Late filingNotification of late filing
Apr 3, 2007Late filingNotification of late filing
Nov 20, 2006Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Nov 15, 2006Late filingNotification of late filing
Aug 17, 2006Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Aug 15, 2006Late filingNotification of late filing
Jul 21, 2006Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 16, 2006Late filingNotification of late filing
Apr 3, 2006Late filingNotification of late filing
Dec 23, 2004Auditor changeChange in certifying accountant (8-K Item 4.01)
Aug 27, 2004ListingRegistration of securities on an exchange (Form 8-A)

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