Heska grows losses but beats Wall Street expectations

LOVELAND — Heska Corp. (Nasdaq: HSKA) saw its sales shrink and losses mount in the fourth quarter of 2022, but the Loveland-based veterinary products company still managed to exceed Wall Street expectations.

The company posted $66.3 million in revenue for the fourth quarter of 2022, down 2.5% from the same period in 2021. That beat out Zacks Consensus estimate of $64 million in sales.

Heska’s fourth quarter 2022 loss was $4.2 million in its fourth quarter of last fiscal year, compared to a loss of about $500,000 in the fourth quarter of 2021. 

“Heska finished 2022 with great execution and growing momentum for…