earnings
confidence high
sentiment positive
materiality 0.60
Zomedica Q1 revenue $3.8M, up 38% pro forma; net loss $3.9M
Zomedica Corp.
2022-Q1 EPS reported
-$0.00
revenue$3,751,000
- Revenue $3.8M (74% gross margin) vs $14K in Q1 2021; up 38% over combined Zomedica+PulseVet $2.7M.
- PulseVet revenue $3.7M (+36% vs standalone Q1 2021); small animal unit sales 30 (+500% YoY).
- TRUFORMA product revenue $57K (+307% vs $14K); launched endogenous ACTH assay in April 2022.
- Cash $192.3M at quarter end; net loss $3.9M ($0.004/share) vs $36.0M loss in Q1 2021.
- SG&A $6.7M (+91% YoY) driven by share-based comp and sales force expansion; R&D $351K.