Improved Financial Performance
Net income of $1.8 million during the 9 months ended September 30, 2025, compared to a net loss of $2.7 million during the same period in 2024, marking a $4.5 million improvement.
Gross Margin Enhancement
Gross margin as a percentage of product sales increased to 43% during the third quarter of 2025 from 26% in the third quarter of 2024.
Domestic Sales Growth
Domestic sales were up 2% during the third quarter compared to the third quarter of 2024, and up 9.5% compared to the second quarter of 2025.
Operational and Cost Efficiency
Operating expenses reduced by 7.4% or $543,000 compared to the prior year.
Leadership Transition
Successful CEO succession with Olivier Te Boekhorst joining as President and CEO, bringing over 25 years of leadership experience in animal health.