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SNOA — Sonoma Pharmaceuticals News Story

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Sonoma Pharmaceuticals' Q1 revenue rises 18%

Overview

Sonoma fiscal Q1 revenue rises 18% yr/yr, missing analyst expectations

U.S. revenue increases 57% due to higher health care product sales

Net loss per share for fiscal Q1 decreased 43% yr/yr

Result Drivers

U.S. REVENUE GROWTH - 57% increase in U.S. revenue driven by higher sales of human and animal health care products

STRATEGIC INITIATIVES - Expansion of consumer-focused product portfolio and regulatory approvals contributed to revenue growth

LATIN AMERICA DECLINE - Revenue decreased due to timing of customer orders for overflow manufacturing

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMiss$4 mln$4.05 mln (1 Analyst)
Q1 Gross Profit$1.50 mln
Q1 Operating Expenses$2.60 mln
Analyst Coverage The one available analyst rating on the shares is "strong buy" The average consensus recommendation for the pharmaceuticals peer group is "buy." Wall Street's median 12-month price target for Sonoma Pharmaceuticals Inc is $14.80, about 79.6% above its August 6 closing price of $3.02 Press Release: ID:nACSglzl8a (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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