OTC$ZOMDF
Zomedica Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported record third quarter with revenue up 31% to $6.3 million, a gross margin of 69%, and $118 million in liquidity, while making strategic acquisitions of Structured Monitoring Products and Qorvo Biotechnologies.
Zomedica reported a record third quarter with a 31% increase in revenue, reaching $6.3 million. The company's gross margin improved to 69%, and it maintained a strong liquidity position with $118 million in cash and cash equivalents. Strategic acquisitions of Structured Monitoring Products and Qorvo Biotechnologies were also completed.
- Revenue for the third quarter of 2023 grew 31% to $6.3 million, compared to $4.8 million in Q3 2022.
- Therapeutic Devices segment revenues, including PulseVet® and Assisi® product sales, reached $6.0 million, a 28% increase over Q3 2022.
- Diagnostic segment revenues, including TRUFORMA®, TRUVIEWTM and VetGuardian® product sales, grew to $0.3 million, more than triple the revenues of $0.1 million reported in the same quarter in 2022.
- Gross margin was 69%, up sequentially from second quarter 2023 gross margin of 67%.
Headline financials
Revenue & EPS history
Zomedica · Revenue · Quarterly
$6.35M
Forward guidance
Zomedica expects revenues to increase, driven by synergies derived from expanded product lines from recent acquisitions, increased sales/ marketing/commercialization efforts, and the move to full sales territory deployment and execution. In addition, sales generally rise to their historical high points in the fourth quarter.
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 Q3 2023
-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
| Quarter | Report date | Reaction (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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