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Visual21 Nov 2025
Data center suppliers
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 the strongest single month in company history and 19 consecutive quarters of record growth.
Revenue for the first three quarters of 2025 rose 11% year-over-year, with recurring consumables up 15% and international sales up 20%.
Net loss for Q3 2025 was $6.1 million, a 9% improvement from the prior year, but net loss for the nine months rose to $77.3 million due to $55.8 million in impairment charges after NYSE American delisting.
Operating expenses decreased by 6% year-over-year and 33% as a percentage of sales, reflecting disciplined cost management.
Liquidity remains strong with $54.4 million in cash and equivalents at Q3 2025 end, and the company is essentially debt-free.
Financial highlights
Q3 2025 revenue: $8.1 million, a 16% increase over Q3 2024; nine-month revenue: $21.6 million, up from $19.4 million.
Diagnostics revenue up 51% year-over-year, driven by TRUFORMA platform adoption.
Development Services segment contributed $0.7 million in its first quarter.
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: $12 million, lowest in two years.
Outlook and guidance
Management expects continued revenue growth, another record-breaking Q4 2025, and further expansion of the Development Services segment.
Cash burn is expected to continue declining, with break-even targeted at $55 million in annual revenue.
Full benefit of cost reduction initiatives anticipated in 2026 and beyond.
Launches of Truview AI, Vet Guardian Plus, and new Truforma equine assays are expected within weeks.
Sufficient cash resources are projected to fund both short- and long-term operational requirements.
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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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