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PetVivo Holdings (PETV)
OTHER OTC:PETV
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2022
|% Change Since: 91.67%
|Next Earnings Date:Nov 15, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted significant sequential revenue growth and maintained high gross margins amidst strategic cost reductions and expansion of distribution networks. However, the year-over-year revenue decrease and low cash reserves pose challenges. The company is actively addressing these with a strategic shift to a larger market and operational restructuring.Company Guidance
In the second quarter earnings call for PetVivo Holdings, the company reported a 62% sequential revenue growth, driven largely by a 147% increase in distributor sales amounting to $101,000, although annual revenues decreased by 3% to $201,000 due to lower direct sales to veterinary clinics. Despite this, high gross margins of 89.5% were maintained. Operating expenses fell by 25% to $2.4 million, attributed to strategic restructuring and cost-cutting measures, while research and development expenses rose by $106,000 to support new clinical trials. The net loss improved to $2.2 million from $3.7 million year-over-year, and cash equivalents stood at $126,000 as of September 30, 2024, with an additional $312,500 raised post-quarter. The outlook for fiscal 2025 anticipates revenue growth of approximately $1.5 million, marking a 50% increase from the previous year.Significant Sequential Revenue Growth
Sequential revenue growth of 62% in the second fiscal quarter, driven by a substantial increase in distributor sales of 147% or $101,000.
High Gross Margins Maintained
Maintained high gross margins of 89.5% in the second fiscal quarter.
Expansion of Distribution Network
Surpassed distribution to more than 800 clinics across all 50 states, with the aim to expand to over 1,500 clinics by the end of the fiscal year.
Successful Cost Reduction
Operating expenses decreased by 25% compared to the same quarter of the previous year, due to strategic restructuring.
Improved Net Loss
Net loss improved to $2.2 million or $0.11 loss per share from a net loss of $3.7 million or $0.28 per share in the same quarter a year ago.
Expansion of Sales and Marketing Team
Added highly experienced sales and marketing personnel to support growing distribution relationships and direct sales.
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PETV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PETV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.48 | $0.50 | +4.17% |
| Aug 14, 2024 | $0.56 | $0.51 | -8.93% |
| Jun 28, 2024 | $0.52 | $0.35 | -32.69% |
| Feb 12, 2024 | $1.25 | $1.20 | -4.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PetVivo Holdings (PETV) report earnings?
PetVivo Holdings (PETV) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is PetVivo Holdings (PETV) earnings time?
PetVivo Holdings (PETV) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PETV EPS forecast?
Currently, no data Available
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