Intelligent Bio Solutions Full Year 2024 Earnings: Misses Expectations

Intelligent Bio Solutions (NASDAQ:INBS) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.11m (up 148% from FY 2023).
• Net loss: US$10.2m (loss narrowed by 4.5% from FY 2023).
• US$6.38 loss per share (improved from US$127 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Intelligent Bio Solutions Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 74%.

Looking ahead, revenue is forecast to grow 85% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 11% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Intelligent Bio Solutions (including 2 which don't sit too well with us).

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