Medical diagnostic firm Biomerica's Q1 revenue falls on lower retail activity

Reuters
Oct 15
Medical diagnostic firm Biomerica's Q1 revenue falls on lower retail activity

Overview

  • Biomerica fiscal Q1 revenue fell to $1.4 mln from $1.8 mln, reflecting reduced retail activity

  • Gross margin improved to 31% from 16%, driven by higher-margin product mix

  • Operating expenses decreased to $1.5 mln, highlighting cost discipline

Outlook

  • Biomerica did not provide specific financial guidance for future periods

Result Drivers

  • HIGHER-MARGIN PRODUCT MIX - Improved gross margin driven by contribution from higher-margin products

  • COST REDUCTION - Decline in operating expenses due to focus on cost reduction and operational efficiency

  • NON-RECURRING TAX CREDIT - Net profit aided by non-recurring tax credit

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$1.40 mln

Q1 Net Income

$0.0

Q1 Gross Margin

31%

Q1 Operating Expenses

$1.50 mln

Q1 Operating Income

-$1.10 mln

Press Release: ID:nGNXcc5s9M

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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