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Intelligent Bio Solutions posts record $1.39M Q1 revenue, driven by cartridge sales and FDA 510(k) submission.

Company Fundamentals
10 Nov 2026, 15:30 WIB
GlobeNewsWire
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Bullish
Intelligent Bio Solutions posts record $1.39M Q1 revenue, driven by cartridge sales and FDA 510(k) submission.

Intelligent Bio Solutions reported a record fiscal Q1 2027 revenue of $1.39 million, a 25% increase year-over-year, driven mainly by higher-margin cartridge sales which grew 32%. The company also expanded its gross profit margin to 54.5%, up from 46.6% last year, reflecting manufacturing efficiencies. A key milestone was submitting the FDA 510(k) premarket notification for its Intelligent Fingerprinting Drug Screening System, aiming for U.S. market entry. With growing customer accounts and installed base, the company is positioned for continued growth in the multi-billion-dollar U.S. drug screening market.

Intelligent Bio Solutions reported record fiscal Q1 2027 revenue of $1.39 million. For readers following the health sector, here is Pluang's market snapshot as of Nov 10, 2026 19:42 WIB: 83 of 150 priced US health stocks rose today. Notable movers include DNA at USD 12.17 with a 1-day change of -1.62%, RVTY at USD 163.18 with +1.53%, and RXRX at USD 3.75 with -1.45%.

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