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Zomedica (ZOM) investor relations material
Zomedica Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Achieved record Q3 2025 revenue of $8.1 million, up 16% year-over-year, with strong growth in diagnostics, therapeutics, and new product launches.
Revenue for the first three quarters of 2025 reached record levels, up 11% year-over-year, driven by contract manufacturing, product expansion, and recurring consumables.
Company transformation since 2020 includes strategic acquisitions, expanded product portfolio, and scalable manufacturing.
Net loss for Q3 2025 was $6.1 million, a 9% improvement year-over-year, but nine-month net loss rose to $77.3 million due to $55.8 million in impairment charges after NYSE American delisting.
Focused on supporting veterinarians with innovative diagnostic and therapeutic technologies.
Financial highlights
Q3 2025 revenue: $8.1 million, highest in company history; diagnostics up 51%, consumables up 14%, therapeutic devices up 3%.
Gross margin for Q3 2025 was 67%, down from 72% year-over-year due to higher depreciation and product mix.
Operating expenses for Q3 2025 were $12 million, lowest in two years, down 4% year-over-year; OpEx as a percentage of sales down 33%.
Ended Q3 2025 with $54.4 million in cash and equivalents; working capital $56.3 million; cash burn reduced by 25% year-over-year.
Net loss per share: $(0.01) for the quarter, $(0.08) for the nine months; accumulated deficit $295.2 million.
Outlook and guidance
Targeting cash flow break-even at $55 million in annual revenue, with GAAP profitability to follow; confident in reaching break-even by 2027.
Management expects continued revenue growth, further reductions in operating expenses, and new product launches into 2026.
Sufficient cash resources are projected to fund both short- and long-term operational requirements.
Minimal capital expenditures expected as major product development is complete.
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Frequently asked questions
Zomedica Corpis a veterinary health company dedicated to developing and commercializing diagnostic and therapeutic products designed to meet the unmet needs of clinical veterinarians, focusing on companion animals. Zomedica's product offerings are primarily aimed at improving the diagnosis and treatment of diseases in companion animals, thereby advancing the field of veterinary medicine. The company is headquartered in Ann Arbor, Michigan, and its shares are listed on the NYSE.
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