Intelligent Bio Solutions Inc

ibs.inc

What Do They Do?

Sells portable fingerprint-sweat drug screening systems, including single-use cartridges and handheld readers, to safety-critical businesses, drug treatment organizations, and judicial organizations.

How Do They Make Money?

Customers buy cartridges, readers and accessories as goods; sales are counted when shipped or received, depending on the sale terms, and some customers pay before delivery.

revenue

Segment	Share	How money arrives
Sales of Goods - Cartidges Sold outright	59% FY2023: 58%	Sold outright
Sales of Goods - Readers Sold outright	21% FY2023: 27%	Sold outright
Other sales - accessories Sold outright	20%	Sold outright

Who Are Their Customers?

Small and medium-sized businesses, including employers in safety-critical industries, buy through the UK direct-sales team, an Australian sales agency, and distributors that resell products; drug-treatment and judicial organizations are also customers.

Customers above 10% of revenue, FY2026

of revenue from one customer

FY2025: 9% from one customer

Do Revenues Turn Into Profits?

No. It lost $12.4M in FY2026.

Operating income, FY2026

−299% of revenue

▲ +18% (Loss) vs FY2025 (−$10.7M, −350%)

Net income, FY2026

−295% of revenue

▲ +18% (Loss) vs FY2025 (−$10.6M, −346%)

Free cash flow, FY2026

−286% of revenue

▲ +22% (Loss) vs FY2025 (−$9.9M, −325%)

How Are They Changing?

Growing. Revenue grew 3.4x in 3 years, from $1.3M in FY2023 to $4.2M in FY2026, about 50% a year.

Biosensor development paused The earlier report described a saliva-glucose test candidate on a licensed biosensor platform; the latest says further development is postponed until licensing arrangements can be finalized, while identifying fingerprint testing as the active product.

Adds wearable drug testing The older report centered on fingerprint drug testing and a saliva-glucose biosensor candidate; the latest report adds SMARTOX's SmarTest Patch, a wearable for continuous drug detection through sweat.

Revenue over time

Sales of Goods - Cartidges Sales of Goods - Readers Other sales - accessories Other Sales

$5M$2.5M$0

FY2023 FY2024 FY2025 FY2026

Comments