Intelligent Bio Solutions expects to achieve 32.6% Gross Profit Expansion and Increased Profitability on Higher-Margin Sales
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Intelligent Bio Solutions Inc. (Nasdaq: INBS) anticipates a 32.6% increase in gross profit driven by higher-margin cartridge sales. The company reported unaudited revenue of $0.61 million for Q2 and $1.48 million for the six months ending December 31, 2024. INBS is expanding its market presence with FDA submissions and strategic partnerships.
February 06, 2025 | 2:15 pm
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Intelligent Bio Solutions Inc. expects a significant 32.6% increase in gross profit, driven by higher-margin cartridge sales. The company is also expanding its market presence through FDA submissions and strategic partnerships.
The anticipated increase in gross profit and revenue growth indicates positive financial performance. The focus on higher-margin products and strategic market expansion efforts, including FDA submissions, suggest potential for continued growth and profitability, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100