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

Study Confirms Benefits of Pedicle Tie Spays

Compared to PDL, PT procedures are safe and reduce a patient’s anesthesia time.

Virbac Introduces Flea, Tick Killer EctoAdvance Plus

EctoAdvance Plus is a cost-effective alternative to FrontlinePlus, the manufacturer states.

Missouri Vet College to Hold Pet Memorial on May 2

The Companion Animal Memorial event is offered annually by the Together In Grief, Easing Recovery program to honor the lives of animals that have passed.

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