Innovotech reports 44% revenue drop in Q1 2026, focusing on diversification and growth strategy.

Innovotech Inc. reported a 44% revenue decline to $648,140 in Q1 2026 due to reduced activity in a major project. The company posted a net loss of $401,295, impacted by underused capacity and increased expenses from recent acquisitions and investments. Innovotech is advancing its transformation strategy by expanding services, strengthening leadership, and reducing client concentration risk to support long-term growth. The company maintains strong liquidity and continues to focus on operational and commercial improvements.