Intelligent Bio Solutions Inc. Reports Q1 2025 Net Loss Decrease to $2.54M; Revenues Decline Slightly to $728.9K

Reuters
05-21
Intelligent Bio Solutions Inc. Reports Q1 2025 Net Loss Decrease to $2.54M; Revenues Decline Slightly to $728.9K

Intelligent Bio Solutions Inc. has released its unaudited financial results for the three and nine months ended March 31, 2025. The company reported revenue of $728,867 for the three months ended March 31, 2025, down from $823,800 during the same period in 2024. For the nine months ended March 31, 2025, revenue totaled $2.209 million, compared to $2.384 million for the same period in the previous year. The company also reported a comprehensive loss of $2.435 million for the three months ended March 31, 2025, a decrease from the $3.131 million loss reported for the same period in 2024. For the nine-month period, the comprehensive loss was $7.313 million, slightly lower than the $7.482 million loss recorded in the previous year. Intelligent Bio Solutions Inc. cited selling, general, and administrative expenses of $2.408 million for the three months ended March 31, 2025, compared to $2.426 million for the same period in 2024. For the nine-month period, these expenses were $6.166 million, down from $6.588 million in the previous year. The company's gross profit for the three months ended March 31, 2025, was $341,368, up from $178,489 during the same period in 2024. For the nine months ended March 31, 2025, the gross profit was $911,282, compared to $610,068 in the previous year. Intelligent Bio Solutions Inc. noted no significant updates regarding its business operations beyond the financial results disclosed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intelligent Bio Solutions Inc. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.

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