Sonoma Pharmaceuticals Q2 revenue beats expectations on increased distributor sales

Reuters11-04
Sonoma Pharmaceuticals <a href="https://laohu8.com/S/QTWO">Q2</a> revenue beats expectations on increased distributor sales

Overview

  • Sonoma fiscal Q2 revenue grows 57% yr/yr, beating analyst expectations

  • Net loss per share decreases 46% for fiscal Q2 compared to last year

  • U.S. revenue increases 115% for fiscal Q2, driven by OTC product sales

Outlook

  • Company expects positive growth trajectory with increasing product adoption

Result Drivers

  • U.S. SALES GROWTH - Revenue in the U.S. increased 115% due to higher sales of OTC products and increased distributor sales

  • NEW PRODUCT LAUNCHES - Launch of HOCl-based diaper rash products and other new products contributed to revenue growth

  • REGULATORY MILESTONES - Key regulatory clearances, including FDA registration, supported growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$5.60 mln

$4.26 mln (1 Analyst)

Q2 EPS

-$0.32

Q2 Net Income

-$500,000

Q2 EBITDA

-$200,000

Q2 Gross Profit

$2.10 mln

Q2 Operating Expenses

$2.50 mln

Analyst Coverage

  • The one available analyst rating on the shares is "strong buy"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy."

  • Wall Street's median 12-month price target for Sonoma Pharmaceuticals Inc is $14.80, about 74.5% above its November 3 closing price of $3.78

Press Release: ID:nACSQC7GQa

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(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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