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Zomedica (ZOM) - 2024 Q1 - Quarterly Report
2024-05-09 20:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 001-38298 Zomedica Corp. (Exact name of registrant as specified in its charter) Alberta, Canada N/A (S ...
Zomedica (ZOM) - 2023 Q4 - Earnings Call Transcript
2024-04-02 00:49
Zomedica Corp. (NYSE:ZOM) Q4 2023 Earnings Conference Call April 1, 2024 4:30 PM ET Company Participants Elif McDonald - Investor Relations Larry Heaton - Chief Executive Officer Peter Donato - Chief Financial Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to Zomedica's Fourth Quarter and Full-Year 2023 Earnings Release and Business Update Call. I would like to remind everyone that this call is being recorded today, Monday, April 1 ...
Zomedica (ZOM) - 2023 Q4 - Annual Report
2024-04-01 19:56
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-38298 ZOMEDICA CORP. (Exact name of registrant as specified in its charter) Alberta, Canada ...
Zomedica (ZOM) - 2023 Q3 - Earnings Call Transcript
2023-11-14 01:04
Zomedica Corp. (NYSE:ZOM) Q3 2023 Earnings Conference Call November 13, 2023 4:30 PM ET Company Participants Elif McDonald - Investor Relations Larry Heaton - Chief Executive Officer Peter Donato - Chief Financial Officer Conference Call Participants Jason Kolbert - Dawson James Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to Zomedica's Third Quarter 2023 Earnings Release and Business Update Call. I would like to remind everyone that this conference call is being rec ...
Zomedica (ZOM) - 2023 Q3 - Quarterly Report
2023-11-13 21:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q For the transition period from __________ to __________. Commission File Number: 001-38298 Zomedica Corp. (Exact name of registrant as specified in its charter) Alberta, Canada N/A (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September ...
Zomedica (ZOM) - 2023 Q2 - Earnings Call Transcript
2023-08-10 23:35
Financial Data and Key Metrics Changes - Revenue for Q2 2023 was $6 million, a 43% increase year-over-year, driven by organic growth and new product lines [7][17] - Gross profit for Q2 2023 was $4 million, a 33% increase from Q2 2022, with margins at 67% [25] - Operating loss for Q2 was $6.7 million, up from $5.9 million a year ago, but down from $7.5 million in Q1 [28] - Net loss for Q2 2023 was $5.3 million, flat compared to the same period last year [29] - Cash, cash equivalents, and available securities were over $142 million at the end of Q2 2023, down from $187 million a year ago [31] Business Line Data and Key Metrics Changes - TRUFORMA revenue increased by 98% year-over-year, driven by organic growth and new assays [20] - PulseVet products saw a 14% increase year-over-year, reflecting strong demand in the small animal veterinary market [19] - Assisi generated $1 million in incremental revenue for Q2 2023, contributing to overall growth [21] - VetGuardian product line is expected to ramp up revenue as it is introduced through various distributors [22] Market Data and Key Metrics Changes - Approximately 25% of PulseVet revenue was international at the time of acquisition, with expectations for growth in international markets [42] - The company has a wholly-owned subsidiary in Japan and distributors in Europe and South America [42] Company Strategy and Development Direction - The company is focused on achieving cash flow positivity and GAAP profitability through revenue growth and efficient manufacturing [12][15] - Strategic priorities include improving the quality of care for pets and the profitability of veterinarian customers [12] - The company is actively seeking M&A opportunities that are accretive to earnings [13][71] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing strong sales momentum and new product launches [33] - The company expects revenue to increase in subsequent periods due to expanded product lines and acquisitions [24] - Management reiterated guidance for cash flow breakeven in the second half of next year [46][47] Other Important Information - R&D expenses increased significantly due to the buildup of internal capabilities for product development [26] - The company is transitioning manufacturing to its facility in Georgia to improve margins [10] Q&A Session Summary Question: What does the company's debt to income ratio look like? - The company has no debt, only lease obligations, and is in a loss position [36][38] Question: Is the company considering a stock buyback? - The company is focused on growth and does not plan to initiate a stock buyback until achieving cash flow breakeven [41] Question: What percentage of market capitalization has been achieved in Europe? - The company is currently generating about 20% to 25% of its revenue internationally, with significant growth opportunities [42] Question: When will the company sell throughout the U.S. with salespeople? - The company has a direct sales force and is expanding its sales territories opportunistically [44] Question: Are there financing options available to help vets acquire the product? - The company has third-party financing options available for its products [64][65] Question: Why are the assays taking so long to come out? - The company has recently gained the ability to develop its own assays at its own pace, which will improve future timelines [66][67]
Zomedica (ZOM) - 2023 Q2 - Quarterly Report
2023-08-10 20:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 001-38298 Zomedica Corp. (Exact name of registrant as specified in its charter) Alberta, Canada N/A (St ...
Zomedica (ZOM) - 2023 Q1 - Earnings Call Transcript
2023-05-11 23:59
Zomedica Corp. (NYSE:ZOM) Q1 2023 Results Conference Call May 11, 2023 4:30 PM ET Company Participants Larry Heaton - CEO Peter Donato - CFO Conference Call Participants Jason Kolbert - Dawson James Operator Good afternoon, ladies and gentlemen and welcome to Zomedica’s First Quarter of 2023 Earnings Release Call. As a reminder, this call is being recorded and all participants are in a listen-only mode. The call will be open to questions and answers following the presentation. On today’s call are Zomedica’s ...
Zomedica (ZOM) - 2023 Q1 - Quarterly Report
2023-05-11 20:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 001-38298 Zomedica Corp. (Exact name of registrant as specified in its charter) Alberta, Canada N/A (S ...
Zomedica (ZOM) - 2022 Q4 - Earnings Call Transcript
2023-03-16 00:32
Zomedica Corp. (NYSE:ZOM) Q4 2022 Earnings Conference Call March 15, 2023 4:30 PM ET Company Participants Larry Heaton - Chief Executive Officer Ann Cotter - Chief Financial Officer Paul Kuntz - Investor Relations Greg Blair - Vice President, Business Development & Strategic Planning Conference Call Participants Operator Good afternoon, and welcome to Zomedica's Fiscal Year 2022 Earnings Release Call. As a reminder, this call is being recorded and all participants are in a listen-only mode. The call will be ...