ImmunoPrecise Antibodies Ltd. has announced its financial results for the fiscal year ending April 30, 2025. The company achieved a record-breaking revenue of $24.5 million, marking a significant achievement for the year. In the fourth quarter, the company reported its highest-ever revenue of $7.0 million. The fourth quarter also saw a record Adjusted EBITDA of ($0.3) million, indicating improved operating efficiency. The company achieved a gross margin of 64% in the fourth quarter, the strongest margin performance since the third quarter of the fiscal year 2021. Additionally, the BioStrand segment experienced remarkable growth of over 180% in fiscal year 2025, with gross margins approaching 90%.
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