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Stock impact report

Zomedica stock rises as prelim Q4 revenue soars, CEO eyes growth via acquisitions [Seeking Alpha]

Zomedica Corp. Common Shares (ZOM) 
US:NYSE Investor Relations: investors.zomedica.com
Company Research Source: Seeking Alpha
Zomedica stock rises as prelim Q4 revenue soars, CEO eyes growth via acquisitionsFeb. 09, 2023 6:55 AM ETZomedica Corp. (ZOM)ZOM:CABy:RavikashSA News EditorCharnchaiZomedica (NYSE:~4%Q4 revenue is expected tobe about $6M to $6.2M, mainly due to an increase in PulseVet sales and the inclusion of the recently acquired Assisi products, the company added.Revenue for full year 2022 is expected to be about $18.6M to $18.9M, growing 354% to +361% Y/Y, primarily driven by a full year's worth of PulseVet sales and the inclusion of Assisi products.For full year 2022, gross margin is anticipated to be about 72%.Cash, cash equivalents, and available-for-sale securities are expected to be ~$156M as of Dec. 31, 2022, according to preliminary data.Outlook"We expect to continue to grow revenue as we launch new products in 2023, including the VetGuardian wireless vital signs monitor launched in early January, the TRUVIEWâ?¢ digital microscopy platform we plan to launch in the second quarter, and sever Show less Read more
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