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SNOA — Sonoma Pharmaceuticals News Story

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Sonoma Pharmaceuticals Q2 revenue beats expectations on increased distributor sales

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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