• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G filed by KORU Medical Systems Inc.

    5/23/24 7:00:28 AM ET
    $KRMD
    Medical/Dental Instruments
    Health Care
    Get the next $KRMD alert in real time by email
    SC 13G 1 d663401dsc13g.htm SC 13G SC 13G

     

     

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No.)

     

     

    Koru Medical Systems, Inc.

    (Name of Issuer)

     

     

    Common Stock, $0.01 par value

    (Title of Class of Securities)

    759910102

    (CUSIP Number)

    May 13, 2024

    (Date of Event Which Requires Filing of Statement)

     

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    ☐ Rule 13d-1(b)

    ☒ Rule 13d-1(c)

    ☐ Rule 13d-1(d)

    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     


    CUSIP No. 759910102

     

     1   

     Names of reporting persons

     

     Topline Capital Management, LLC

     2  

     Check the appropriate box if a member of a group (see instructions)

     (a) ☐  (b) ☐

     

     3  

     SEC use only

     

     4  

     Citizenship or place of organization

     

     California

    Number of

    shares

    beneficially 

    owned by

    each

    reporting

    person

    with

       5    

     Sole voting power

     

     2,738,804

       6    

     Shared voting power

     

     0

       7   

     Sole dispositive power

     

     2,738,804

       8   

     Shared dispositive power

     

     0

     9   

     Aggregate amount beneficially owned by each reporting person

     

     2,738,804

    10  

     Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

     

     ☐

    11  

     Percent of class represented by amount in Row (9)

     

     5.9%

    12  

     Type of reporting person (see instructions)

     

     IA

     

    2


    CUSIP No. 759910102

     

     1   

     Names of reporting persons

     

     Collin McBirney

     2  

     Check the appropriate box if a member of a group (see instructions)

     (a) ☐  (b) ☐

     

     3  

     SEC use only

     

     4  

     Citizenship or place of organization

     

     USA

    Number of

    shares

    beneficially 

    owned by

    each

    reporting

    person

    with

       5    

     Sole voting power

     

     0

       6    

     Shared voting power

     

     2,738,804

       7   

     Sole dispositive power

     

     0

       8   

     Shared dispositive power

     

     2,738,804

     9   

     Aggregate amount beneficially owned by each reporting person

     

     2,738,804

    10  

     Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

     

     ☐

    11  

     Percent of class represented by amount in Row (9)

     

     5.9%

    12  

     Type of reporting person (see instructions)

     

     IN/HC

     

    3


    CUSIP No. 759910102

     

     1   

     Names of reporting persons

     

     Topline Capital Partners, LP

     2  

     Check the appropriate box if a member of a group (see instructions)

     (a) ☐  (b) ☐

     

     3  

     SEC use only

     

     4  

     Citizenship or place of organization

     

     Delaware

    Number of

    shares

    beneficially 

    owned by

    each

    reporting

    person

    with

       5    

     Sole voting power

     

     2,738,804

       6    

     Shared voting power

     

     0

       7   

     Sole dispositive power

     

     2,738,804

       8   

     Shared dispositive power

     

     0

     9   

     Aggregate amount beneficially owned by each reporting person

     

     2,738,804

    10  

     Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

     

     ☐

    11  

     Percent of class represented by amount in Row (9)

     

     5.9%

    12  

     Type of reporting person (see instructions)

     

     PN

     

    4


    Item 1

     

      (a)

    Name of Issuer:

    Koru Medical Systems, Inc.

     

      (b)

    Address of Issuer’s Principal Executive Offices:

    100 Corporate Drive, Mahwah, NJ 07430

    Item 2

     

      (a)

    Name of Persons Filing:

    Topline Capital Management, LLC (“TCM”)

    Collin McBirney

    Topline Capital Partners, LP (“TCP” or the “Fund”)

     

      (b)

    Address of Principal Business Office or, if none, Residence:

    544 Euclid Street, Santa Monica, CA 90402

     

      (c)

    Citizenship:

    Reference is made to Row 4 of pages 2 - 4 of this Schedule 13G (this “Schedule”), which are incorporated by reference herein.

     

      (d)

    Title of Class of Securities:

    Common Stock, $0.01 par value

     

      (e)

    CUSIP Number: 759910102

     

    Item 3.

    If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

    Not applicable.

     

    Item 4.

    Ownership

    Reference is hereby made to Rows 5-9 and 11 of pages 2, 3 and 4 of this Schedule, which are incorporated by reference herein.

    As of May 13, 2024, the Fund beneficially owns 2,738,804 shares of the issuer’s common stock.

    The securities reported on this Schedule as beneficially owned by TCM (the “Securities”) are held by and for the benefit of the Fund. Under the definition of “beneficial ownership” in Rule 13d-3 under the Act, it is also possible that the individual general partners, executive officers, and members of the foregoing entities might be deemed the “beneficial owners” of some or all of the Securities insofar as they may be deemed to share the power to direct the voting or disposition of such Securities. TCM, as the investment manager and general partner of the Fund, and Collin McBirney, as the member-manager of TCM, may, therefore, be deemed to beneficially own the Securities held by the Fund for the purposes of Rule 13d-3 under the Act insofar as they may be deemed to have the power to direct the voting or disposition of those Securities.

     

    5


    Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of TCM or Mr. McBirney is, for any other purpose, the beneficial owner of any of the Securities held by the Fund, and each of TCM and Mr. McBirney expressly disclaims beneficial ownership as to the Securities held by the Fund, except to the extent of its or his pecuniary interests therein.

    The calculation of percentage of beneficial ownership in Row 11 of pages 2, 3 and 4 of this Schedule was derived from the issuer’s Form 10-Q Quarterly Report filed with the Securities and Exchange Commission on May 1, 2024, in which the issuer stated that the number of shares of its common stock outstanding as of May 1, 2024 was 45,764,225 shares.

     

    6


    Item 5.

    Ownership of Five Percent or Less of a Class

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ☐

     

    Item 6.

    Ownership of More than Five Percent on Behalf of Another Person

    Not applicable.

     

    Item 7.

    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

    Not applicable.

     

    Item 8.

    Identification and Classification of Members of the Group

    Not applicable.

     

    Item 9.

    Notice of Dissolution of Group

    Not applicable.

     

    Item 10.

    Certification

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     

    7


    SIGNATURES

    After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

    Dated: May 23, 2024

     

    TOPLINE CAPITAL MANAGEMENT, LLC
    By:  

    /s/ Collin McBirney

      Collin McBirney
      Managing Member
    TOPLINE CAPITAL PARTNERS, LP
    By: Topline Capital Management, LLC,
      its general partner
    By:  

    /s/ Collin McBirney

      Collin McBirney
      Managing Member
    COLLIN MCBIRNEY

    /s/ Collin McBirney

     

    8


    EXHIBIT LIST

     

    Exhibit A    Joint Filing Undertaking
    Get the next $KRMD alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $KRMD

    DatePrice TargetRatingAnalyst
    2/14/2025$4.50Overweight → Neutral
    Piper Sandler
    7/25/2024$4.00Buy
    B. Riley Securities
    9/7/2023$4.00Buy
    Lake Street
    9/7/2023$4.50Buy
    B. Riley Securities
    11/10/2022$3.00 → $4.00Hold → Buy
    Canaccord Genuity
    11/10/2022$3.00 → $3.50Neutral → Overweight
    Piper Sandler
    More analyst ratings

    $KRMD
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • KORU Medical Systems Announces Record Q1 2025 Financial Results and Raises 2025 Revenue Guidance

      KORU Medical Systems, Inc. (NASDAQ:KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today reported financial results for the first quarter ended March 31, 2025. Recent Highlights First quarter 2025 net revenues of $9.6 million, an 18% increase over the prior year period Core business (Domestic and International) net revenues of $9.4 million, a 21% increase over the prior year period Gross profit of $6.0 million, a 19% increase over the prior year period, and gross margin of 62.8%, a 50-basis point improvement over th

      5/7/25 4:05:00 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • KORU Medical Systems to Report First Quarter 2025 Financial Results on May 7, 2025

      KORU Medical Systems, Inc. (NASDAQ:KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will report first quarter 2025 financial results on Wednesday, May 7, 2025. KORU Medical's management will host a conference call and webcast at 4:30 p.m. ET that day to discuss the financial results and provide a corporate update. Conference Call and Webcast Details The conference call can be accessed by dialing (877)-407-0784 for participants in the U.S. or Canada and (201)-689-8560 for international call

      4/16/25 4:05:00 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • KORU Medical Systems Announces Fourth Quarter and Full Year 2024 Financial Results With Record Revenues and Gross Profit; Issues Full Year 2025 Guidance

      KORU Medical Systems, Inc. (NASDAQ:KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today reported financial results for the fourth quarter and full year ended December 31, 2024. The Company also issued guidance for the full year 2025. Recent Highlights Fourth quarter 2024 net revenues of $8.8 million, a 23% increase over the prior year period; Full year 2024 net revenues of $33.6 million, an 18% increase over the prior year Fourth quarter 2024 Core business (Domestic and International) net revenues of $8.2 million, a

      3/12/25 4:05:00 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care

    $KRMD
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by KORU Medical Systems Inc.

      SC 13G/A - KORU Medical Systems, Inc. (0000704440) (Subject)

      11/14/24 7:00:30 AM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • Amendment: SEC Form SC 13G/A filed by KORU Medical Systems Inc.

      SC 13G/A - KORU Medical Systems, Inc. (0000704440) (Subject)

      11/13/24 4:23:54 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • SEC Form SC 13G filed by KORU Medical Systems Inc.

      SC 13G - KORU Medical Systems, Inc. (0000704440) (Subject)

      5/23/24 7:00:28 AM ET
      $KRMD
      Medical/Dental Instruments
      Health Care

    $KRMD
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Manko Joseph M. Jr. bought $349,999 worth of shares (145,833 units at $2.40) and sold $349,999 worth of shares (145,833 units at $2.40) (SEC Form 4)

      4 - KORU Medical Systems, Inc. (0000704440) (Issuer)

      12/15/23 4:05:24 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care

    $KRMD
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Executive Officer Tharby Linda M covered exercise/tax liability with 23,587 shares, decreasing direct ownership by 2% to 1,023,163 units (SEC Form 4)

      4 - KORU Medical Systems, Inc. (0000704440) (Issuer)

      4/23/25 4:12:10 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • Director Wholihan Edward was granted 5,870 shares, increasing direct ownership by 21% to 33,583 units (SEC Form 4)

      4 - KORU Medical Systems, Inc. (0000704440) (Issuer)

      4/2/25 4:30:38 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • Director Matin Shahriar was granted 5,870 shares, increasing direct ownership by 8% to 83,415 units (SEC Form 4)

      4 - KORU Medical Systems, Inc. (0000704440) (Issuer)

      4/2/25 4:30:18 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care

    $KRMD
    SEC Filings

    See more
    • SEC Form 10-Q filed by KORU Medical Systems Inc.

      10-Q - KORU Medical Systems, Inc. (0000704440) (Filer)

      5/7/25 4:22:04 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • KORU Medical Systems Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - KORU Medical Systems, Inc. (0000704440) (Filer)

      5/7/25 4:21:14 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • KORU Medical Systems Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure

      8-K - KORU Medical Systems, Inc. (0000704440) (Filer)

      4/7/25 4:06:32 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care

    $KRMD
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • KORU Medical Systems downgraded by Piper Sandler with a new price target

      Piper Sandler downgraded KORU Medical Systems from Overweight to Neutral and set a new price target of $4.50

      2/14/25 8:08:51 AM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • B. Riley Securities resumed coverage on KORU Medical Systems with a new price target

      B. Riley Securities resumed coverage of KORU Medical Systems with a rating of Buy and set a new price target of $4.00

      7/25/24 8:28:49 AM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • Lake Street initiated coverage on KORU Medical Systems with a new price target

      Lake Street initiated coverage of KORU Medical Systems with a rating of Buy and set a new price target of $4.00

      9/7/23 9:12:10 AM ET
      $KRMD
      Medical/Dental Instruments
      Health Care

    $KRMD
    Financials

    Live finance-specific insights

    See more
    • KORU Medical Systems Announces Record Q1 2025 Financial Results and Raises 2025 Revenue Guidance

      KORU Medical Systems, Inc. (NASDAQ:KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today reported financial results for the first quarter ended March 31, 2025. Recent Highlights First quarter 2025 net revenues of $9.6 million, an 18% increase over the prior year period Core business (Domestic and International) net revenues of $9.4 million, a 21% increase over the prior year period Gross profit of $6.0 million, a 19% increase over the prior year period, and gross margin of 62.8%, a 50-basis point improvement over th

      5/7/25 4:05:00 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • KORU Medical Systems to Report First Quarter 2025 Financial Results on May 7, 2025

      KORU Medical Systems, Inc. (NASDAQ:KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will report first quarter 2025 financial results on Wednesday, May 7, 2025. KORU Medical's management will host a conference call and webcast at 4:30 p.m. ET that day to discuss the financial results and provide a corporate update. Conference Call and Webcast Details The conference call can be accessed by dialing (877)-407-0784 for participants in the U.S. or Canada and (201)-689-8560 for international call

      4/16/25 4:05:00 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care
    • KORU Medical Systems Announces Fourth Quarter and Full Year 2024 Financial Results With Record Revenues and Gross Profit; Issues Full Year 2025 Guidance

      KORU Medical Systems, Inc. (NASDAQ:KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today reported financial results for the fourth quarter and full year ended December 31, 2024. The Company also issued guidance for the full year 2025. Recent Highlights Fourth quarter 2024 net revenues of $8.8 million, a 23% increase over the prior year period; Full year 2024 net revenues of $33.6 million, an 18% increase over the prior year Fourth quarter 2024 Core business (Domestic and International) net revenues of $8.2 million, a

      3/12/25 4:05:00 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care

    $KRMD
    Leadership Updates

    Live Leadership Updates

    See more
    • KORU Medical Systems, Inc. Appoints Ken Miller as Chief Commercial Officer

      KORU Medical Systems, Inc. (NASDAQ:KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and easy-to-use specialty subcutaneous infusion solutions that improve quality of life for patients, today announced the appointment of Ken Miller as Chief Commercial Officer, effective November 6, 2023. Ken brings over 30 years of extensive expertise and experience in leading high-performing teams in commercialization and marketing strategy, international expansion, and driving sustainable growth and profitability. As Chief Commercial Officer, Ken will have oversight of the global commercial functio

      11/8/23 4:08:00 PM ET
      $BDX
      $KRMD
      Medical/Dental Instruments
      Health Care
    • KORU Medical Systems, Inc. Announces Appointment of Edward Wholihan to Its Board of Directors

      KORU Medical Systems, Inc. (NASDAQ:KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and easy-to-use specialty subcutaneous infusion solutions that improve quality of life for patients, today announced that Edward Wholihan was appointed to the Company's Board of Directors on September 28, 2023 to fill the vacancy that followed the Company's 2023 Annual Meeting of Shareholders. "I am extremely proud to welcome a highly accomplished executive such as Ed to our Board of Directors. He will be a valuable addition and we will benefit from his breadth of experience and success creating shar

      10/4/23 4:05:00 PM ET
      $KRMD
      $MCK
      Medical/Dental Instruments
      Health Care
      Other Pharmaceuticals
    • KORU Medical Systems, Inc. Announces Preliminary Second Quarter 2023 Revenues and Provides Business, Outlook and Executive Updates

      KORU Medical Systems, Inc. (NASDAQ:KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and easy-to-use specialty subcutaneous infusion solutions that improve quality of life for patients, today announced preliminary unaudited revenues for the second quarter 2023 and provided business, outlook and executive updates. The Company reported total net revenues for the second quarter 2023 of approximately $6.9 million, representing growth of approximately 6% compared to the prior year period. Domestic Core revenues increased approximately 8%, International Core revenues increased approximatel

      8/2/23 5:15:00 PM ET
      $KRMD
      Medical/Dental Instruments
      Health Care