Heska Corp. reports improved third-quarter results

LOVELAND — Heska Corp. (Nasdaq: HSKA) reported revenue of $21.8 million for its third-quarter that ended Sept. 30, a 24 percent increase compared with $17.6 million generated in the same quarter a year ago.

The Loveland-based manufacturer and seller of veterinary diagnostic and specialty products reported net income of $513,000, or 8 cents per diluted share, compared with net income of $241,000 in the third quarter of 2013, or 4 cents per diluted share.

As of Sept. 30, Heska had $5.8 million in cash and working capital of $17.7 million. Stockholders’ equity increased to $51.3 million compared to $47.1 million as of Dec. 31.

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Kevin Wilson, Heska’s chief executive and president, said in a prepared statement that the company is increasing the scale of its reach through a distribution agreement with Henry Schein Animal Health, the largest companion animal health distributor in the United States. The deal will leverage Heska’s sales team of 60 with more than 300 Henry Schein salespeople.