Tue, May 13, 12:36 PM (42 days ago)
**Intelligent Bio Solutions Inc. (INBS) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Q1 2025 revenue was $728,867, a decrease of $94,933 from Q1 2024, primarily due to instability in the construction sector. Year-to-date (YTD) revenue was $2,208,648, a decrease of $175,309 from the same period in 2024. - **Profit Margins:** Gross profit increased by $162,879 to $341,368 in Q1 2025, with a gross profit margin of 46.84%. YTD gross profit was $911,282, with a margin of 41.26%. - **Operating Expenses:** Total operating expenses were $3,067,887 in Q1 2025, a decrease of $148,179 from Q1 2024. YTD operating expenses were $8,887,312, a decrease of $539,130 from the same period in 2024. - **Net Loss:** Net loss attributable to INBS was $2,543,526 in Q1 2025, a decrease of $434,141 from Q1 2024. YTD net loss was $7,478,629, an increase of $106,117 from the same period in 2024. - **Cash Flow:** Net cash used in operating activities was $7,467,356 in the first nine months of 2025, compared to $6,627,555 in the same period in 2024. The company raised approximately $1,486,340 through an ATM offering and $2,645,000 through a February offering. **Trends and Uncertainties:** - **Revenue Trends:** The company has been focusing on selling high-margin cartridges, which has helped improve gross profit margins. However, revenue has decreased due to instability in the construction sector. - **Operating Expenses:** The company has been able to reduce operating expenses, but it continues to invest in R&D and regulatory approval processes. - **Cash Flow:** The company has been able to raise additional funds through offerings, but it continues to use more cash than it generates from operations. - **Uncertainties:** The company faces uncertainties related to regulatory approvals, market conditions, and the need for additional financing. **Future Operations and Impact:** - **Regulatory Approvals:** The company is working on obtaining regulatory approvals for its products, which is crucial for its future growth. - **Market Expansion:** The company is expanding its product offerings and entering new markets, which could drive future revenue growth. - **Funding:** The company will need to raise additional funds to support its operations and growth plans. Failure to secure funding could impact its ability to continue as a going concern. **Ticker:** INBS