Significant Revenue Growth
Total revenue for the quarter increased by 140%, reaching nearly $300,000, compared to the previous year.
Expansion in Distributor Network
The U.S. national distributor network increased sales by 192% compared to a year ago, reaching $198,000 or 67% of total revenue.
International Market Expansion
Introduction of a distributor in Mexico, with the Mexican veterinary health care market expected to grow at a CAGR of 11% to $2.4 billion by 2031.
Decrease in Operating Expenses
Operating expenses decreased by 9% to $2 million from $2.2 million in the previous year, due to strategic cost reduction and restructuring.
Uplisting to OTCQX
The company qualified to trade on the OTCQX Best Market, indicating a commitment to high financial standards and corporate governance.
Reduction in Liabilities
Total liabilities decreased by $1.2 million or 39% in the quarter, down from $5.1 million to $3.1 million compared to the same quarter a year ago.
Strategic Alliances and Partnerships
Notable partnerships with Commonwealth Markets and Digital Landia, focusing on clinical use, promotion, and AI integration in veterinary care.