Sonoma Pharmaceuticals Q1 revenue rises on US growth
Sonoma Pharmaceuticals Q1 revenue rises on US growth
Overview
US wound care products maker's fiscal Q1 revenue rose 60% yr/yr
Net loss per share fell 88% from prior-year quarter
Gross margin expanded to 40% as operating expenses stayed flat
Outlook
Company says new FDA clearances and global distributors support continued commercial growth
Sonoma believes expanding partnerships and product pipeline position it for profitable growth
Result Drivers
US SALES GROWTH - Co attributed 141% increase in US revenue to higher sales of over-the-counter products and expanded distributor activity
GLOBAL DISTRIBUTION EXPANSION - Co added new distributors in Taiwan, Vietnam and US, supporting commercial growth
EUROPEAN DEMAND AND FX - Co said European revenue rose 34% due to increased demand and favorable exchange rates
Company press release: ID:nACSmqRk1a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| $6.4 mln |
|
Q1 Gross Profit |
| $2.6 mln |
|
Q1 Operating Expenses |
| $2.6 mln |
|
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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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