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Biomerica | 10-K: FY2024 Annual Report

Biomerica | 10-K: FY2024 Annual Report

Biomerica | 10-K:2024财年年报
美股SEC公告 ·  2024/08/28 14:03

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Biomerica reported fiscal year 2024 revenue of $5.4 million, a slight increase from $5.3 million in FY2023, with gross profit improving to $611,000 from $446,000. The company's core non-COVID product sales grew 5% year-over-year, driven by a 22% increase in over-the-counter product sales and 21% growth in contract manufacturing revenue.Operating expenses decreased 9% to $7.0 million, reflecting cost reduction initiatives including lower legal expenses and share-based compensation. The company maintained focus on strategic priorities, investing in sales team expansion while implementing efficiency measures. Net loss improved to $6.0 million from $7.1 million in the prior year.The company faces liquidity challenges with cash declining to $4.2 million from $9.7 million, prompting a 15% workforce reduction in July 2024. Management is actively pursuing strategic alternatives while advancing commercialization of key products including inFoods IBS diagnostic and recently FDA-cleared hp+detect for H. pylori detection.
Biomerica reported fiscal year 2024 revenue of $5.4 million, a slight increase from $5.3 million in FY2023, with gross profit improving to $611,000 from $446,000. The company's core non-COVID product sales grew 5% year-over-year, driven by a 22% increase in over-the-counter product sales and 21% growth in contract manufacturing revenue.Operating expenses decreased 9% to $7.0 million, reflecting cost reduction initiatives including lower legal expenses and share-based compensation. The company maintained focus on strategic priorities, investing in sales team expansion while implementing efficiency measures. Net loss improved to $6.0 million from $7.1 million in the prior year.The company faces liquidity challenges with cash declining to $4.2 million from $9.7 million, prompting a 15% workforce reduction in July 2024. Management is actively pursuing strategic alternatives while advancing commercialization of key products including inFoods IBS diagnostic and recently FDA-cleared hp+detect for H. pylori detection.
Biomerica报告2024财年的营业收入为540万美元,比2023财年的530万美元略有增长,毛利润从446,000美元改善至611,000美元。公司的核心非COVID产品销售同比增长5%,主要受到非处方产品销售增长22%和合同制造营业收入增长21%的推动。营业费用减少9%,至700万美元,反映了包括降低法律费用和基于股份的补偿在内的成本削减措施。公司保持了对战略优先事项的关注,同时投资于销售团队的扩展,并实施效率提升措施。净亏损从前一年的710万美元改善至600万美元。公司面临流动性挑战,现金从970万美元下降至420万美元,这促使在2024年7月减少15%的员工。管理层积极寻求战略替代方案,同时推进关键产品的商业化,包括inFoods IBS诊断和近期获得FDA批准的hp+detect用于检测幽门螺旋杆菌。
Biomerica报告2024财年的营业收入为540万美元,比2023财年的530万美元略有增长,毛利润从446,000美元改善至611,000美元。公司的核心非COVID产品销售同比增长5%,主要受到非处方产品销售增长22%和合同制造营业收入增长21%的推动。营业费用减少9%,至700万美元,反映了包括降低法律费用和基于股份的补偿在内的成本削减措施。公司保持了对战略优先事项的关注,同时投资于销售团队的扩展,并实施效率提升措施。净亏损从前一年的710万美元改善至600万美元。公司面临流动性挑战,现金从970万美元下降至420万美元,这促使在2024年7月减少15%的员工。管理层积极寻求战略替代方案,同时推进关键产品的商业化,包括inFoods IBS诊断和近期获得FDA批准的hp+detect用于检测幽门螺旋杆菌。
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