Zomedica expands topline thanks to acquisitions and organic growth [Seeking Alpha]
Zomedica Corp. Common Shares (ZOM)
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Source: Seeking Alpha
Zomedica expands topline thanks to acquisitions and organic growthMar. 15, 2023 5:35 PM ETZomedica Corp. (ZOM)ZOM:CABy:Dulan LokuwithanaSA News Editor1 CommentCharlieAJA/iStock via Getty ImagesAnnouncing financials for 2022, animal health company Zomedica (NYSE:Revenue growth was driven bythe first full year of PulseVet sales following the 2021 acquisition and recently acquired Assisi products. However, Zomedica's () revenue rose only 25% when adjusted for pre-acquisition sales of PulseVet and Assisi products.As PulseVet sales grew 23% to $4.9M, revenue for Q4 2022 rose 51% YoY to $6.2M, while gross margin reached 70%, a decline from 72% for the full year, which in turn dropped from 74% in 2021."Our Assisi Loop® line of products, which joined Zomedica's portfolio of offerings in Q3, proved to be a solid contributor to our 2022 results with roughly $2.1M in sales for the year," ChiefExecutive Larry Heaton remarked.Read: In January, Seeking Alpha contributor Out of Ignorance argued tha
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