Zomedica Announces Revenue of $4.1 Million for the Fourth Quarter and 2021; 73.9% gross margin
ANN ARBOR, MI /ACCESSWIRE/February 25, 2022/ Zomedica Corp. (NYSE American: ZOM) (“Zomedica” or the “Company”), a veterinary health care company providing diagnostic and therapeutic products for companion animals, today announced fourth quarter revenue and gross margin and the full fiscal year 2021.
Total revenue for the fourth quarter and fiscal year 2021 was $4.1 million, compared to $0 for both periods in 2020. Gross margin was 73.9%. Zomedica ended the year with cash and cash equivalents of $195 million.
PulseVet revenue reached $4.0 million in the fourth quarter of 2021, a 66% increase from its revenue of $2.4 million in the fourth quarter of 2020 as a business autonomous.
TRUEFORM® product revenue reached $73,000 in the fourth quarter of 2021, a 224% increase from its revenue of $22,500 in the third quarter of 2021.
Zomedica’s Form 10-K for 2021 and its full fourth quarter and full year 2021 earnings release will be released on March 1, 2022.
Further information on the company’s progress in 2021 and outlook for 2022 will be provided during a presentation by Zomedica CEO Larry Heaton at the Q1 Virtual Investor Summit when he will highlight the recent acquisition. by Pulse Veterinarian Technologies LLC, his progress with his TRUFORME® range of products and his strategic visions for the Company. The presentation is scheduled for March 8, 2022 at 10:15 a.m. ET, will be simulcast on the web and can be accessed at https://us06web.zoom.us/webinar/register/WN_chEv1Lu6TBqcue43ikU-qw. It will also be archived in the Investors section of the Zomedica website at www.zmedica.com.
Larry Heaton, President and CEO of Zomedica, said, “I am excited about our recent progress and look forward to releasing full details of our fourth quarter and 2021 performance on March 1.stvia our 2021 Form 10-K and accompanying press release, followed by further discussion at the virtual Q1 Summit on March 8.”
Based in Ann Arbor, Michigan, Zomedica (NYSE American: ZOM) is a veterinary health company providing diagnostic and therapeutic products for companion animals with a focus on the unmet needs of clinical veterinarians. Zomedica’s innovative medical device and diagnostic product portfolio is designed to improve both patient and practice health. Zomedica’s mission is to provide veterinarians with the ability to increase their productivity and revenue while better serving the animals in their care. For more information, visit www.ZOMEDICA.com.
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THE SOURCE: Zomedica Corp.
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