Intelligent Bio Solutions Inc. (NASDAQ:INBS) shares are racing higher Friday after the company reported second-quarter and six-month financial results.
The Details:
Intelligent Bio Solutions reported revenue from sales of goods increased by $400,000 from $360,000 to $760,000 for the quarter ended Dec. 31, 2023, representing a 114% increase year-over-year. Revenue from sales of goods increased by $1.2 million from $360,000 to $1.56 million for the six months ended Dec. 31, 2023, representing a 337% increase year-over-year.
The company attributed the growth in revenue to the acquisition of Intelligent …
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