Sonoma Pharmaceuticals Announces Substantial Cost-Cutting Measures
Sonoma Pharmaceuticals, Inc. (SNOA)
Last sonoma pharmaceuticals, inc. earnings: 2/14 05:13 pm
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ir.sonomapharma.com
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Source: GlobeNewswire
PETALUMA, Calif., March 12, 2019 (GLOBE NEWSWIRE) -- Specialty pharmaceutical company Sonoma Pharmaceuticals, Inc. (Nasdaq: SNOA), today announced substantial cost-cutting measures, including reductions to the company’s workforce and management. The measures come on the heels of Sonoma’s highest revenue quarter ended December 31, 2018. Total revenues were $5.3 million in the quarter ended December 31, 2018, the highest in company history, an increase of 9% compared to the quarter ended December 31, 2017, and 7% quarter over quarter. The company reported a net loss of $2.3 million during the quarter ended December 31, 2018 compared to $3.2 million for the quarter ended December 31, 2017. The company continually evaluates and reduces expenses including the current reductions in its workforce. The primary reductions were in the company’s consulting expenses, manufacturing force and manufacturing expenses. Sonoma’s cash and cash equivalents were $6.5 million at December 31, 2018. W
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SNOA
Sec Filings
- 4/9/24 - Form 8-K
- 4/2/24 - Form 8-K
- 3/22/24 - Form 8-K
- SNOA's page on the SEC website