earnings
confidence high
sentiment negative
materiality 0.70
PetVivo FY2024 revenue up 6% to $969K; net loss widens to $11.0M; FY2025 guidance $1.5-$2.0M
PetVivo Holdings, Inc.
- Revenue $969K (+6% YoY); gross margin 76.3% (+40 bps).
- Net loss $11.0M ($0.78/sh) vs $8.7M ($0.85/sh) prior year; cash $87K at year-end.
- Subsequent to year-end, raised $1.8M in net proceeds; guides FY2025 revenue $1.5-$2.0M.
- Spryng distributed to >700 clinics, >6,000 syringes; added distributor Covetrus.