Overview
Sonoma fiscal Q2 revenue grows 57% yr/yr, beating analyst expectations
Net loss per share decreases 46% for fiscal Q2 compared to last year
U.S. revenue increases 115% for fiscal Q2, driven by OTC product sales
Outlook
Company expects positive growth trajectory with increasing product adoption
Result Drivers
U.S. SALES GROWTH - Revenue in the U.S. increased 115% due to higher sales of OTC products and increased distributor sales
NEW PRODUCT LAUNCHES - Launch of HOCl-based diaper rash products and other new products contributed to revenue growth
REGULATORY MILESTONES - Key regulatory clearances, including FDA registration, supported growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$5.60 mln
$4.26 mln (1 Analyst)
Q2 EPS
-$0.32
Q2 Net Income
-$500,000
Q2 EBITDA
-$200,000
Q2 Gross Profit
$2.10 mln
Q2 Operating Expenses
$2.50 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 74.5% above its November 3 closing price of $3.78
Press Release: ID:nACSQC7GQa
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(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.)