OTC$ZOMDF

Zomedica Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter revenues of $3.8 million, a 74% gross margin, and $192.3 million in cash, with revenue up 38% from 2021 combined revenues.

Zomedica reported a strong first quarter in 2022, with revenues of $3.8 million, a 74% gross margin, and $192.3 million in cash. Revenue increased by 38% compared to the combined revenues of Zomedica and PulseVet as a standalone company in the same period last year.

  • Total revenue for Q1 2022 was $3.8 million, compared to $14,000 in Q1 2021.
  • Gross margin was 74%, compared to 60% in Q1 2021.
  • TRUFORMA product revenue was $57,000 in Q1 2022, a 307% increase over Q1 2021.
  • PulseVet revenue was $3.7 million in Q1 2022, a 36% increase over Q1 2021 as a standalone company.

Headline financials

Total Revenue

$3.75M

Previous: $14.1K+26457.6%
EPS (adj)

-$0.00

Previous: -$0.04+90.0%
Capital Expenditures

-$83K

Previous: -$14.9K-456.4%
Free Cash Flow

-$2.55M

Previous: -$2.65M+3.7%
Net Income

-$3.94M

Previous: -$4.04M+2.5%
Operating Income

-$4.31M

Previous: -$3.87M-11.4%
Gross Profit

$2.76M

Previous: $8.47K+32512.8%
Cash & Equivalents

$192M

Previous: $277M-30.5%
Total Assets

$278M

Previous: $280M-0.9%
Stock-Based Comp

$2.04M

Previous: $1.28M+59.1%

Revenue & EPS history

Zomedica · Revenue · Quarterly

$3.75M

Q1 2022+26,457.6%vs Q1 2021
Beat estimate in 3 of 10 quarters(30%)
ActualEstimate

Forward guidance

The Company expects revenue to increase in subsequent periods as it increases the sales and marketing of the PulseVet platform and as additional assays are added to the TRUFORMA platform. The Company anticipates that the costs of revenue will increase in 2022 as it increases revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.2%

Avg return

Earnings day

+2.3%

Avg return

5 days after

-1.6%

Avg return

30 days after

27%

9 / 33 earnings

Positive

+41.0%

Q4 2024

Best reaction

-16.9%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.2%-4.0%-5.1%
Q3 2025+1.3%+26.3%+50.0%
Q1 2025-16.9%-20.3%-22.0%
Q4 2024+41.0%+113.9%+41.7%
Q3 2024-1.4%+14.8%+3.3%
Q2 2024-5.3%-11.6%-14.8%
Q1 2024-16.8%-11.0%-9.1%
Q4 2023-4.0%-4.1%-2.7%
Q3 2023-4.4%-7.2%-6.7%
Q2 2023-2.3%-3.9%-12.2%
Q1 2023-8.8%-8.2%-10.5%
Q4 2022-4.3%-16.5%-10.7%
Q3 2022-5.3%-10.0%-19.6%
Q2 2022-10.3%-28.8%-38.2%
Q1 2022-5.5%+5.3%+28.7%
Q4 2021+3.1%-4.7%-6.4%
Q3 2021-2.2%-6.6%-30.0%
Q2 2021-10.3%-19.3%+2.9%
Q1 2021-15.3%-8.2%+11.4%
Q4 2020+11.4%+9.7%-8.6%
Q3 2020+19.7%+112.7%+106.3%
Q2 2020-2.8%-14.1%-28.8%
Q1 2020+14.6%-1.7%-12.3%
Q4 2019-0.0%-18.0%-32.8%
Q3 2019-2.4%+0.6%+0.6%
Q2 2019+0.0%+0.0%+68.0%
Q1 2019-2.0%-6.9%-7.8%
Q4 2018+2.0%+2.0%-66.6%
Q3 2018-7.5%-8.6%-15.5%
Q2 2018-3.2%-1.4%+0.9%
Q1 2018+0.0%
Q4 2017+0.7%
Q3 2017+7.0%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2014
Q4 2015
Q3 2015
Q2 2015
Q1 2013
Q4 2013
Q3 2013
Q2 2013

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