Edit Module

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

Kansas State Gets FDA OK for Pilot Project on Antibiotic Use

The U.S. Food and Drug Administration recently approved a $1.5 million grant for Kansas State University veterinary researchers to monitor antibiotic use in beef feedlots and dairies.

NC Vet College Celebrates 20-Year Partnership with Turtle Rescue Group

The North Carolina State University College of Veterinary Medicine and the Karen Beasley Sea Turtle Rescue and Rehabilitation Center recently held a special release of five rehabilitated turtles to mark a 20-year partnership to preserve and protect sea turtle populations.

10th Annual Pet Obesity Awareness Day Survey Held October 12

The Association for Pet Obesity Prevention (APOP) is asking veterinarians to send in information about their patients so they can get a better understanding of pet obesity in the United States.

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

Events


Show More...
Edit Module
Edit Module