PetVivo Q3 FY2023 revenue jumps 10x to $510K; net loss widens to $2.3M

PetVivo Holdings, Inc.

2024-Q3 EPS reported -$0.64 revenue$791,563

Revenue of $510,109, up 900% from $51,004 in Q3 FY2022, driven by MWI distribution.
Net loss of $2,311,618 ($0.23/share) vs $1,642,129 ($0.17/share) a year ago.
Raised ~$1.4M via direct offering of 610,011 shares at $2.32/share in Jan 2023.
Leased 14,000 sq ft production facility in Edina, MN; expects move by Aug 2023.
Cash of $375K and working capital of $171K at Dec 31, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PetVivo Holdings, Inc. reported third fiscal quarter ended December 31, 2022 results: revenue $510,109, net income $2,311,618 or ($0.23) per share, EPS ($0.23) per share.

Period: third fiscal quarter ended December 31, 2022
Revenue: $510,109
Net income: $2,311,618 or ($0.23) per share
EPS: ($0.23) per share
Result: reported results

Exact text from the filing

the third quarter of 2023 and recent weeks include the following (all comparisons are with the three months ended December 31, 2021, unless otherwise indicated): ● Revenues of $510,109 for the three months ended December 31, 2022, compared to revenues of $51,004 in the three months ended December 31, 2021. ● Net revenues of $456,502 was from shipments of

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Source: SEC EDGAR

accession 0001493152-23-004057

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