Sonoma Pharmaceuticals Q4 revenue rises 48% on US growth
Sonoma Pharmaceuticals Q4 revenue rises 48% on US growth
Overview
Healthcare product maker's Q4 revenue grew 48% yr/yr, driven by increased U.S. sales
Company's Q4 net loss improved 25% yr/yr, reflecting better financial performance
Q4 EBITDA loss narrowed 66% yr/yr, aided by cost management and operational discipline
Outlook
Company did not provide specific financial guidance for the current or future periods
Result Drivers
U.S. SALES GROWTH - Q4 revenue increase was primarily driven by higher U.S. sales, attributed to new distributors selling company products
INTERNATIONAL GAINS - Revenue also rose in Europe and Rest of World, partially offset by declines in Asia and Latin America due to timing of customer orders
COST PRESSURES - Operating expenses increased, mainly due to inflation and salary-related increases in Mexico
Company press release: ID:nACS1G5h7a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| $5.60 mln |
|
Q4 Net Income |
| -$581,000 |
|
Q4 EBITDA |
| -$183,000 |
|
Q4 Gross Profit |
| $2.20 mln |
|
Q4 Operating Expenses |
| $2.50 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Sonoma Pharmaceuticals Inc is $14.80, about 1,233.3% above its June 15 closing price of $1.11
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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