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Hydromer, Inc. Releases Q3 2024 Financial Results Showing Resilience and Improved Net Income

Hydromer, Inc. has released unaudited financial results for Q3 2024, showing a 21% decrease in revenue but a 67% increase in net income compared to the same period in 2023. Despite challenges, the company demonstrated resilience and cost management focus, resulting in improved financial performance.

This news matters as it provides insight into the financial performance of a key player in the medical device coating industry. The increase in net income despite a revenue decline demonstrates the company's ability to navigate challenges and maintain focus on cost management, which can serve as a model for other businesses facing similar issues.