EXHIBIT 99.1

KORU MEDICAL SYSTEMS ANNOUNCES 2021 Q4 AND FULL YEAR FINANCIAL RESULTS

CHESTER, NY – March 2, 2022 – Repro Med Systems, Inc. dba KORU Medical Systems (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 infusion solutions that improve quality of life for patients, today reported financial results for the fourth quarter and full year ended December 31, 2021.

Highlights:

●	Fourth quarter net revenues of $6.5 million, compared to $4.1 million in Q4 2020, 60% growth as reported, 27.6% growth when adjusted for customer inventory stocking impacting Q4 2020

●	Fourth quarter year-over-year revenue growth was driven by positive momentum across all three businesses, including increased pump placements and consumables growth in the U.S., higher consumables in Europe, and a strengthened novel therapies pipeline

●	Full year net revenues of $23.5 million, compared to $24.2 million last year, with core revenue growth offset by lower novel therapies revenues due to a large clinical trial order in 2020

●	Expanded on label indications with three new 510(k) clearances, including use of the FreedomEdge^® infusion pump to deliver Hizentra^® 20 mL prefilled syringes, and use of the FREEDOM60^® Infusion System with two additional SCIg drugs, Cutaquig and Xembify

●	Announced five-year strategic plan to achieve significant expansion of pipeline value through extending leading position in subcutaneous (SC) IG therapy to new subcutaneous drug therapies, multiple new product introductions and $60 million in revenues by 2026

“We are very pleased to finish 2021 with a strong fourth quarter. Driven by the efforts of our team, KORU Medical has seen momentum in all three areas of our business – domestic and international core business and novel therapies,” said Linda Tharby, KORU Medical’s CEO. “During the fourth quarter, we hit several key milestones, including three new 510(k) clearances, increased pump placements in our U.S. business, and four new agreements in our novel therapies pipeline. In addition, we announced our new strategic plan, including milestones that will drive accelerated revenue growth, margin improvement, and expansion of our total addressable market. We look forward to continued execution of our plan and driving long-term growth and value for our patients, customers, employees, and shareholders.”

2021 Fourth Quarter Financial Results

	Three Months Ended December 31,				Change from Prior Year
	2021		2020		$		%
Domestic Core		5,004,192		4,207,504		796,688	18.9%
International Core		1,261,731		828,575		433,156	52.3%
Novel Therapies		224,584		52,141		172,443	330.7%
Non-GAAP Adjusted Net Revenues	$	6,490,507	$	5,088,220	$	1,402,287	27.6%

*This table represents Non-GAAP adjusted net revenues. See reconciliation to GAAP table below.

Net revenues for the fourth quarter of 2021 were $6.5 million, compared with $4.1 million in the prior-year period, a 60% increase. Adjusting for net inventory stocking of $1.0 million last year, net revenues grew 27.6%, reflecting growth in all areas of the Company’s business; domestic core growth driven by pumps and consumables, international driven by consumables and increased novel therapies revenues from expansion of its pipeline.

Gross margin was 59.0% for the fourth quarter of 2021, an increase from prior year of 56.6%. The majority of the increase was driven by a mid-year price increase.

Total operating expenses for the fourth quarter of 2021 were $5.9 million, compared to $3.5 million for the same period in 2020. The increase in operating expenses is due to strategic investments in commercialization, quality and regulatory, and research and development.

Net loss for the fourth quarter of 2021 was $1.1 million, or $(0.02) per diluted share, compared with a net loss of $0.8 million, or $(0.02) per diluted share for the same period in 2020. Non-GAAP adjusted EBITDA for the fourth quarter of 2021 was $(0.6) million, compared with $(0.3) million in the fourth quarter of 2020. On a non-GAAP basis, adjusted diluted earnings per share was $(0.02) per diluted share in both periods.

2021 Full Year Financial Results

Net revenues for 2021 were $23.5 million, 2.8% lower compared with $24.2 million in the prior year. On an adjusted basis, net revenues were lower by 1.6%. The shortfall was driven by lower year-over-year novel therapies revenues due to a large clinical trial order in 2020. Domestic core net revenues for 2021 were 0.8% higher than last year mostly driven by price in the second half of the year and international core net revenues were up 14.5% compared to the previous year, driven by growth in key customers.

Gross margin was 58.6% in 2021 compared to 61.8% in 2020. The decrease was primarily driven by the delay in the transition to a secondary manufacturing source.

Total operating expenses increased 28.5%, or $4.6 million compared to last year. The increase was primarily driven by investments associated with building the Company’s leadership and extended team, commercialization and regulatory efforts, and research and development.

Net loss for the full year 2021 was $4.6 million, or $(0.10) per diluted share, compared with a net loss of $1.2 million, or $(0.03) per diluted share for the same period in 2020. Non-GAAP adjusted EBITDA for the full year 2021 was $(1.8) million, compared with $3.7 million for the same period in 2020. On a non-GAAP basis, adjusted diluted earnings per share was $(0.07) for the full year 2021, compared with $0.02 diluted earnings per share for the same period in 2020.

The Company ended the year with $25.3 million of cash and believes it has sufficient resources to execute its strategic plan over the next several years.

Assumptions and Outlook for Full Year Fiscal 2022

KORU Medical’s outlook for fiscal year 2022 reflects numerous assumptions that could affect its business, based on the information management has as of this date, which includes assumptions regarding the continued recovery from the COVID-19 pandemic related to new SCIg patient starts, plasma supply, clinical trial activity, and supply chain impacts. Management will discuss its outlook and several of its assumptions on its fourth fiscal quarter 2021 earnings call.

For fiscal year 2022, KORU Medical expects the subcutaneous immunoglobulin (SCIg) market to recover and grow high single digits. Assuming this market growth holds, the Company expects revenue growth in the low to mid double digits, or $26.0 to $27.0 million on a full year basis. Gross margin will be impacted by the supplier transition, which the Company estimates will be completed in the third quarter of 2022 and expects to exit the year at a 60% run rate. The Company expects operating expenses to increase to roughly $27.0 to $28.0 million for full year 2022 in support of the strategic plan, including investments in building the team, research and development and commercialization efforts supporting new product introductions, novel therapies pipeline expansion, and SCIg market penetration.

Conference Call and Webcast Details

The Company will host a live conference call and webcast to discuss these results and provide a corporate update on Wednesday, March 2, 2022, at 4:30 PM ET.

To participate in the call, please dial (877) 407-0784 (domestic) or (201) 689-8560 (international) and provide conference ID 13726808. The live webcast will be available on the Events & Presentations page of the Investors section of KORU Medical’s website.

- 2 -

Non-GAAP Measures

This press release includes the non-GAAP financial measures of “Adjusted Net Revenues,” “Adjusted EBITDA” and “Adjusted Diluted EPS” that are not in accordance with, nor an alternate to, generally accepted accounting principles and may be different from non-GAAP measures used by other companies. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Non-GAAP financial measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. They are limited in value because they exclude charges that have a material effect on KORU Medical’s reported results and, therefore, should not be relied upon as the sole financial measures to evaluate the Company’s financial results. Non-GAAP financial measures are meant to supplement, and to be viewed in conjunction with, GAAP financial results. Reconciliations of the Company’s non-GAAP measures are included at the end of this press release.

About KORU Medical Systems

KORU Medical Systems develops, manufactures, and commercializes innovative and easy-to-use specialty infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System currently includes the FREEDOM60^® and FreedomEdge^® Syringe Infusion Drivers, Precision Flow Rate Tubing^™ and HIgH-Flo Subcutaneous Safety Needle Sets^™. These devices are used for infusions administered in the home and alternate care settings. For more information, please visit www.korumedical.com.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All statements that are not historical fact are forward-looking statements, including, but not limited to, expected financial outlook and operating performance for fiscal 2022, expected market growth and availability of resources to execute the strategic plan. Forward-looking statements discuss the Company’s current expectations and projections relating to its financial position, results of operations, plans, objectives, future performance and business. Forward-looking statements can be identified by words such as “outlook”, “expect”, “plan”, “believe” and “will”. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, uncertainties associated with the shift to increased healthcare delivery in the home, new patient diagnoses, customer ordering patterns, COVID-19, innovation and competition, and those risks and uncertainties included under the captions “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021, which is on file with the SEC and is available on our website at www.korumedical.com/investors and on the SEC website at www.sec.gov. All information provided in this release and in the attachments is as of March 2, 2022. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

Investor Contact:

Greg Chodaczek

347-620-7010

investor@korumedical.com

- 3 -

REPRO MED SYSTEMS, INC.

STATEMENTS OF OPERATIONS

	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2021			2020			2021			2020

NET REVENUES	$	6,490,507		$	4,057,220		$	23,490,175		$	24,176,448
Cost of goods sold		2,658,718			1,759,946			9,720,597			9,240,362
Gross Profit		3,831,789			2,297,274			13,769,578			14,936,086

OPERATING EXPENSES
Selling, general and administrative		4,881,709			2,988,795			17,862,314			12,028,309
Litigation		—			—			—			2,447,213
Research and development		949,930			352,116			2,473,669			1,296,754
Depreciation and amortization		113,308			120,794			463,130			418,595
Total Operating Expenses		5,944,947			3,461,706			20,799,113			16,190,871

Net Operating Loss		(2,113,158	)		(1,164,432	)		(7,029,535	)		(1,254,785	)

Non-Operating (Expense)/Income
(Loss)/Gain on currency exchange		(7,144	)		12,699			(28,905	)		1,536
Gain on disposal of fixed assets, net		—			—			1,009			16,591
Other Income		679,907			—			679,907			—
Interest (expense)/income, net		(3,800	)		18,705			13,083			42,395
TOTAL OTHER (EXPENSE)/INCOME		668,963			31,404			665,094			60,522

LOSS BEFORE INCOME TAXES		(1,444,195	)		(1,133,028	)		(6,364,441	)		(1,194,263	)

Income Tax Benefit/(Expense)		375,837			298,400			1,801,618			(17,800	)

NET LOSS	$	(1,068,358	)	$	(834,628	)	$	(4,562,823	)	$	(1,212,063	)

NET LOSS PER SHARE

Basic	$	(0.02	)	$	(0.02	)	$	(0.10	)	$	(0.03	)
Diluted	$	(0.02	)	$	(0.02	)	$	(0.10	)	$	(0.03	)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING

Basic		44,571,079			43,732,728			44,385,032			41,929,736
Diluted		44,571,079			43,732,728			44,385,032			41,929,736

- 4 -

REPRO MED SYSTEMS, INC.

BALANCE SHEETS

	December 31,			December 31,
	2021			2020

ASSETS

CURRENT ASSETS
Cash and cash equivalents	$	25,334,889		$	27,315,286
Accounts receivable less allowance for doubtful accounts of $24,271 and $24,469 for December 31, 2021, and December 31, 2020, respectively		3,592,886			2,572,954
Inventory		6,106,338			6,829,772
Other receivables		718,220			—
Prepaid expenses and other		1,568,821			807,780
TOTAL CURRENT ASSETS		37,321,154			37,525,792
Property and equipment, net		1,106,445			1,167,623
Intangible assets, net of accumulated amortization of $263,729 and $199,899 at December 31, 2021 and December 31, 2020, respectively		808,813			843,587
Operating lease right-of-use assets		95,553			236,846
Deferred income tax assets, net		1,941,254			125,274
Other assets		19,812			19,812
TOTAL ASSETS	$	41,293,031		$	39,918,934

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES
Accounts payable	$	1,227,533		$	624,920
Accrued expenses		2,709,704			2,610,413
Note Payable		508,583			—
Deferred Revenue		90,000			—
Accrued payroll and related taxes		160,603			287,130
Finance lease liability – current		—			2,646
Operating lease liability – current		95,553			141,293
TOTAL CURRENT LIABILITIES		4,791,976			3,666,402
Operating lease liability, net of current portion		—			95,553
TOTAL LIABILITIES		4,791,976			3,761,955
Commitments and contingencies
STOCKHOLDERS’ EQUITY
Common stock, $0.01 par value, 75,000,000 shares authorized, 48,044,162 and 46,680,119 shares issued; 44,623,660 and 43,259,617 shares outstanding at December 31, 2021, and December 31, 2020, respectively		480,441			466,801
Additional paid-in capital		40,774,245			35,880,986
Treasury stock, 3,420,502 shares at December 31, 2021 and December 31, 2020, at cost		(3,843,562	)		(3,843,562	)
Retained earnings		(910,069	)		3,652,754
TOTAL STOCKHOLDERS’ EQUITY		36,501,055			36,156,979
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	41,293,031		$	39,918,934

- 5 -

REPRO MED SYSTEMS, INC.

STATEMENTS OF CASH FLOWS

	For the Years Ended December 31,
	2021			2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$	(4,562,823	)	$	(1,212,063	)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Stock-based compensation expense		2,707,554			1,618,732
Stock-based litigation settlement expense		—			1,285,102
Depreciation and amortization		463,130			418,595
Gain on disposal of fixed assets		(1,009	)		(16,591	)
Deferred income taxes		(1,815,980	)		62,967
Provision for doubtful accounts		—			(8,176	)
Abandonment of intangible assets		—			41,919
Changes in operating assets and liabilities:
(Increase)/Decrease in accounts receivable		(1,019,932	)		669,743
Decrease/(Increase) in inventory		723,434			(4,441,295	)
Increase in other receivables		(718,220	)		—
Increase in prepaid expenses and other assets		(761,041	)		(420,614	)
Increase in accounts payable		602,613			52,264
(Decrease)/Increase in accrued payroll and related taxes		(126,527	)		96,865
Increase in deferred revenue		90,000			—
Increase in accrued expenses		99,291			1,313,801
Decrease in accrued tax liability		—			(204,572	)
NET CASH USED IN OPERATING ACTIVITIES		(4,319,510	)		(743,323	)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment		(346,178	)		(920,604	)
Purchases of intangible assets		(29,056	)		(140,548	)
Proceeds from disposal of property and equipment		9,065			25,000
NET CASH USED IN INVESTING ACTIVITIES		(366,169	)		(1,036,152	)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of equity		1,261,251			26,728,486
Common stock issuance settlement of litigation		938,094			—
Purchase of treasury stock		—			(3,499,358	)
Borrowings from indebtedness		924,389			4,976,508
Payments on indebtedness		(415,806	)		(4,976,508	)
Payments on finance lease liability		(2,646	)		(5,296	)
NET CASH PROVIDED BY FINANCING ACTIVITIES		2,705,282			23,223,832

NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS		(1,980,397	)		21,444,357
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		27,315,286			5,870,929
CASH AND CASH EQUIVALENTS, END OF YEAR	$	25,334,889		$	27,315,286

Supplemental Information
Cash paid during the years for:
Interest	$	13,241		$	27,736
Income taxes	$	1,903		$	321,983
Schedule of Non-Cash Operating, Investing and Financing Activities:
Issuance of common stock as compensation	$	433,654		$	240,960
Issuance of common stock as settlement for litigation	$	938,094		$	938,094

- 6 -

REPRO MED SYSTEMS, INC.

SUPPLEMENTAL INFORMATION

(UNAUDITED)

The following table summarizes our net revenues for the three and twelve months ended December 31, 2021 and 2020:

	Three Months Ended December 31,				Change from Prior Year
	2021		2020		$			%
Net Revenues
Domestic	$	5,004,192	$	3,176,504	$	1,827,687	$	57.5%
International		1,261,731		828,575		433,156		52.3%
Novel Therapies		224,584		52,141		172,444		330.7%
Total	$	6,490,507	$	4,057,220	$	2,433,287	$	60.0%

	Twelve Months Ended December 31,				Change from Prior Year
	2021		2020		$				%
Net Revenues
Domestic	$	19,045,512	$	18,895,923	$	149,589		$	0.8%
International		3,856,972		3,368,519		488,453			14.5%
Novel Therapies		587,691		1,912,006		(1,324,315	)		(69.3%)
Total	$	23,490,175	$	24,176,448	$	686,273		$	(2.8%)

A reconciliation of one of our non-GAAP measures is below:

Reconciliation of Reported Net Revenues to Non-GAAP Net Revenues	Three Months Ended December 31,				Change from Prior Year
	2021		2020		$			%
Reported Net Revenues	$	6,490,507	$	4,057,220	$	2,433,287	)	60.0%
Early Order/Inventory Stocking		—		1,031,000		(1,031,000	)	100.0%
Non-GAAP Adjusted Net Revenues	$	6,490,507	$	5,088,220	$	1,402,287		27.6%

Reconciliation of Reported Net Revenues to Non-GAAP Net Revenues	Twelve Months Ended December 31,					Change from Prior Year
	2021		2020			$			%
Reported Net Revenues	$	23,490,175	$	24,176,448		$	(686,273	)	(2.8%)
Early Order/Inventory Stocking		—		(304,000	)		304,000		100.0%
Non-GAAP Adjusted Net Revenues	$	23,490,175	$	23,872,448		$	(382,273	)	(1.6%)

Early Order/Inventory Stocking. For the quarter, we included the effect of an early order and covid related inventory stocking in calculating our non-GAAP measure. We had an early order from our largest distributor in the three months ended September 30, 2020, which would have otherwise been placed in the three months ended December 31, 2020, as well as higher purchases in the first half of the year that we believe would have been made in the second half of 2020, had it not been for the pandemic. For the twelve months ended December 31, 2020, we excluded what we believe to have been inventory stocking purchased in the first half of the year, had it not been for the pandemic.

- 7 -

A reconciliation of two of our non-GAAP measures is below:

	Three Months Ended						Twelve Months Ended
Reconciliation of GAAP Net Loss	December 31,						December 31,
to Non-GAAP Adjusted EBITDA:	2021			2020			2021			2020
GAAP Net Loss	$	(1,068,358	)	$	(834,628	)	$	(4,562,823	)	$	(1,212,063	)
Tax (Benefit)/Expense		(375,837	)		(298,400	)		(1,801,618	)		17,800
Depreciation and Amortization		113,308			120,794			463,130			418,595
Interest Expense/(Income), Net		3,800			(18,705	)		(13,083	)		(42,395	)
Reorganization Charges		—			95,700			1,192,618			95,700
Discontinued Product Expenses		—			(459	)		—			70,859
Litigation Expenses		—			466			—			2,447,213
Manufacturing Initiative Expenses		1,883			51,723			239,216			246,527
Stock-based Compensation Expense		739,922			607,592			2,707,554			1,618,732
Non-GAAP Adjusted EBITDA	$	(585,282	)	$	(275,917	)	$	(1,775,006	)	$	3,660,968

	Three Months Ended						Twelve Months Ended
Reconciliation of Reported Diluted EPS	December 31,						December 31,
*to Non-GAAP Adjusted Diluted EPS:**	2021			2020			2021			2020
Reported Diluted Earnings Per Share	$	(0.02	)	$	(0.02	)	$	(0.10	)	$	(0.03	)
Reorganization Charges		—			—			0.03			—
Discontinued Product Expense		—			—			—			—
Litigation Expenses		—			—			—			0.06
Manufacturing Initiative Expenses		—			—			—			0.01
Stock-based Compensation Expense		—			—			0.01			—
Tax (Expense) Adjustment		—			—			(0.01	)		(0.02	)
Non-GAAP Adjusted Diluted Earnings Per Share	$	(0.02	)	$	(0.02	)	$	(0.07	)	$	0.02

*Numbers presented are rounded to the nearest whole cent

Reorganization Charges. We have excluded the effect of reorganization charges in calculating our non-GAAP measures. We incurred significant expenses in connection with the departure and replacement of our chief executive officer and the recruiting of two new board members, which we would not have otherwise incurred in periods presented as part of our continuing operations.

Discontinued Product Expense. We have excluded the effect of expenses related to a discontinued product line in calculating our non-GAAP measures. We did not incur any related expense in 2021.

Litigation. We have excluded litigation expenses in calculating our non-GAAP measures. Litigation expenses in 2020 included professional fees associated with our litigation with EMED, which discontinued as a result of the settlement on May 20, 2020.

Manufacturing Initiative Expenses. We have excluded the effect of expenses related to creating manufacturing efficiencies, in calculating our non-GAAP measures. We incurred expenses in connection with these initiatives which we would not have otherwise incurred in periods presented as part of our continuing operations. We expect to incur related expenses for the next six to nine months.

Stock-based Compensation Expense. We have excluded the effect of stock-based compensation expense in calculating our non-GAAP measures. We record non-cash compensation expense related to grants of options for executives, employees and consultants, and grants of common stock to our board of directors and our CEO. Depending upon the size, timing and the terms of the grants, the non-cash compensation expense may vary significantly but will recur in future periods. Adjusted EBITDA for the twelve months ended December 31, 2021 included stock-based compensation expense of $0.4 million related to the departure and replacement of our chief executive officer. This expense is the only amount included in Stock-based Compensation Expense in calculating Adjusted Diluted EPS.

- 8 -