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Sonoma Pharmaceuticals Inc

sonomapharma.com

Sonoma Pharmaceuticals Inc (NASDAQ: SNOA) is a specialty pharmaceutical company that develops and commercializes hypochlorous acid (HOCl)-based products for dermatological and advanced tissue care applications. Revenue comes from direct product sales and from licensing and distribution agreements with regional partners across more than 55 countries. The company sells both prescription and over-the-counter products under brands including Microcyn, Levicyn, Celacyn, Lasercyn, Epicyn, Acuicyn, Ocucyn, and others, targeting wound care, scar management, eczema, acne, and eye hygiene indications. A substantial portion of revenues derives from international markets, primarily Mexico and Europe, where the company operates subsidiaries. Customer concentration is material: as of March 31, 2025, a single customer (customer D) represented 24% of net accounts receivable. The company was originally incorporated in 1999 as Micromed Laboratories, Inc., rebranded as Oculus Innovative Sciences in 2001, and adopted the Sonoma Pharmaceuticals name. It has never paid a cash dividend.

Products & Services

HOCl-based topical products across wound care, dermatology, scar management, and eye hygiene: Microcyn Wound Care Management, Levicyn Antimicrobial Dermal Spray and Gel, Celacyn Scar Management Gel, Lasercyn Post Procedure Gel and Dermal Spray, Epicyn Antimicrobial Facial Cleanser, Acuicyn Antimicrobial Eyelid & Eyelash Hygiene, Ocucyn Eyelid & Eyelash Cleanser, Regenacyn Plus and Advanced Scar Gel, Rejuvacyn Plus and Advanced Skin Repair Cooling Mist, Reliefacyn Plus and Advanced Itch-Burn-Rash-Pain Relief Hydrogel, Lumacyn Clarifying Mist, Podiacyn Advanced Everyday Foot Care. Prescription and office-dispense dermatology products were relaunched for direct U.S. sale in December 2024.

Revenue Model

Transactional product sales of HOCl-based prescription and OTC products, supplemented by exclusive license and distribution agreements with regional partners such as Dyamed Biotech Pte Ltd. and Anlicare International for international markets.

Customers & Markets

Physicians, dermatologists, other medical staff, and patients in wound care, dermatology, and eye hygiene end markets. Customer concentration is material: customer D represented 24% of net accounts receivable as of March 31, 2025. Products are sold in the U.S. and internationally through distribution partners across more than 55 countries.

Geographic Exposure

United States, Mexico (functional currency: Mexican Peso), and Europe including the Netherlands (functional currency: Euro). International sales, primarily from Mexico and Europe, represent a substantial portion of total revenues per the FY2025 10-K filed June 17, 2025. Products ship into more than 55 countries.

Financial Snapshot

Revenue
TTM
$19.53M
Gross Margin
TTM
37.86%
Net Income
TTM
-$3.175M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
250.41%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$3.095M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$4.125M

Stock Price

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Market Cap: $6.0301 Million

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