Sales Down At Heska



Published:

Heska Corp.’s companion animal health division on May 6 reported revenue of $15.8 million in the first quarter ended March 31, compared to $18.1 million in the year-ago period.

Overall, the Loveland, Colo., company had a first-quarter net loss of $331,000 on revenue of $17.7 million. That compares to a net income of $460,000 on revenue of $20.1 million in the year-ago period.

“We knew we would face a difficult comparison this quarter as we had exclusive rights to our former handheld blood analysis instrument in the first quarter of 2009 and sold the last of our remaining inventory in this area in the first quarter of 2010,” said Robert Grieve, Heska’s chairman and CEO. “Sales of consumables in this area declined by $2.7 million on a year-over-year basis as a result. Total revenue from other core companion animal health products was up year over year.

“We also recognized a reserve of $1 million due to unexpected production issues in our OVP (other vaccines, pharmaceuticals and products) segment. We have been focused on resolving the current issue and preventing future problems.”

Edit Module
Edit ModuleShow Tags

Archive »Read More

First-Class Animal Transit Hub Coming to JFK

Dogs, horses, cattle and other animals will be processed and receive veterinary care at The Ark at JFK starting in 2016.

Voyce Dog Monitor Available for Purchase

An award-winning vital signs collar is marketed to dog owners and veterinarians as a way to “connect the dots between visits.”

Registration Opens in April for Free Eye Exams

Thousands of eligible service animals will likely be tested under ACVO’s eighth annual eye screening program.

Add your comment:
Edit Module
Edit ModuleEdit ModuleShow Tags Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Events


Show More...
Edit Module
Edit Module