earnings
confidence high
sentiment neutral
materiality 0.60
Zomedica reports 2022 revenue of $18.9M, up 361% YoY; net loss narrows to $17.0M
Zomedica Corp.
- Revenue $18.9M, up 361% from $4.1M in 2021; 72% gross margin.
- Net loss $17.0M vs $18.4M in 2021; improvement of $1.4M (8%).
- Cash, equivalents and securities $156M at Dec 31, 2022; no SVB/Signature exposure.
- PulseVet small-animal device sales grew 405% in 2022; VetGuardian launched; TRUVIEW expected Q2 2023.
- Acquisitions of Assisi and Revo Squared contributed; evaluating further M&A.