** Medical device maker Electromed's shares ELMD.A rise 11.4% to $32.50

** Company late on Tuesday reported second-quarter net revenue of $16.3 million, a rise of 18.7%, from $13.7 million a year ago

** Reported net income of 22 cents per share vs 19 cents per share last year

** ELMD makes airway clearence devices for patients with lung disorders

** As of December 31, ELMD had $16.2 million in cash, $22.8 million in accounts receivable and no debt — ELMD

** Stock rose ~234% in the last 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))