earnings
confidence high
sentiment neutral
materiality 0.50
Zomedica Q3 net loss $6.3M; revenue minimal from TRUFORMA launch; cash $271.4M
Zomedica Corp.
2022-Q3 EPS reported
-$0.05
revenue$52,000
- Net loss of $6.3M ($0.01/share) vs $5.0M loss in Q3 2020; nine-month loss $15.1M.
- Revenue from TRUFORMA products was $22,514; commercial launch began March 2021.
- Cash and equivalents $271.4M at Sept 30, 2021; pro forma after PulseVet acquisition ~$199.5M.
- SG&A expense rose 166% to $6.1M, driven by share-based compensation and PulseVet deal costs.
- R&D expense fell 89% to $0.3M as initial TRUFORMA assays completed; development shifts to commercialization.