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PetVivo (PETV) - 2024 Q4 - Annual Results
PETVPetVivo (PETV)2024-06-28 20:50

"In fiscal 2024, we reported strong financial and operational progress, including revenues up 6% to 969,000,"commentedPetVivoCEO,JohnLai."Ourrevenuegrowthwasdrivenlargelybyourexpandeddistributornetwork,withsalesofSpryngbydistributorsup15969,000," commented PetVivo CEO, John Lai. "Our revenue growth was driven largely by our expanded distributor network, with sales of Spryng™ by distributors up 15% to 732,000. This helped drive our gross profit up 6% to $740,000, with our gross margins improving 40 basis points to 76.3%. "Also during the year, we developed clinical data on the safety and efficacy of Spryng, increased distribution through th ...