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.)