Hello Everyone,
I hope that you were watching our latest profile from last Thursday. It was sitting around 1.03 when we brought it to your attention.
It ran overnight and continues to make new highs daily as it just tapped 1.25. This translates to a massive 20%+ move overnight. When something noteworthy like that happens, we have to take a second to acknowledge it.
We are right back at you with another Nasdaq that is sitting under a buck and has never been profiled on our newsletter before.
Pull up IPA immediately.
No it's not a beer company, its actually a revenue generating Antibody / AI company that has been moving in the right direction.
IPA's proprietary technologies and products are positioned on the leading edge of antibody development, innovating their industry as a single source provider of the full complement of antibody discovery platforms.
They leverage multi-omics modelling and complex artificial intelligence through a series proprietary and patented technologies. The Company owns an integrated end-to-end suite of capabilities to support the development of therapeutic antibodies and are known for solving very complex industry challenges.
IPA has expanded its technology suite to include over 80 in silico tools, potentially revolutionizing how new treatments are conceptualized and brought to market. The shift toward Al-driven methodologies by many of IPA's pharmaceutical partners underscores a broader industry trend towards more efficient, safer, and cost-effective drug development processes. The recent launch of a new interface for LENSai marks a significant milestone, facilitating its seamless integration by pharmaceutical companies, technology firms, and research hospitals.
Recently ranked by one of the pharmaceutical industry’s most trusted independent market research sources with the highest score for its antibody service portfolio, the company is comprised of a hybrid of disruptive technologies and leading-edge platforms for biotherapeutic drug discovery. IPA provides highly specialized, full-continuum therapeutic antibody discovery and development, with in silico machine intelligence designed to solve the unique challenges big data processing poses pharmaceutical companies.
By embedding The LENSai Integrated Intelligence Technology from BioStrand (a subsidiary of IPA) into every step of the IPA antibody discovery process, they set a new standard for potentially developing life-saving therapies faster, with more insight and more accuracy. The LENSai applications lend great cost and time efficiencies to their antibody discovery partners. Industry leading, robust contract research (CRO) laboratory capabilities, combined with the most advanced in silico technologies, mean acceleration and cost-savings in the race to the clinic.
ImmunoPrecise Antibodies (IPA) Reports Financial Results and Recent Business Highlights for First Quarter Fiscal Year 2025
September 16, 2024
Achieves $5.3 Million First Quarter Revenue, Reaches Milestone Developing Antibodies End-to-End Using LENS ai
VICTORIA, British Columbia--(BUSINESS WIRE)-- IMMUNOPRECISE ANTIBODIES LTD. (the “Company” or “IPA”) (NASDAQ: IPA), an artificial intelligence-driven biotherapeutic research and technology company, today reported financial results for the first quarter of its 2025 fiscal year (“FY25”), which ended July 31, 2024. All numbers are expressed in Canadian dollars, unless otherwise noted.
"Our commitment to end-to-end in silico engineering of antibodies for challenging targets has delivered exceptional results. By harnessing our advanced computational capabilities, we've not only accelerated our R&D process, but also significantly reduced costs compared to traditional technologies,” stated Dr. Jennifer Bath, President and CEO. “Notably, two of our three wet lab locations reported impressive double-digit revenue growth this quarter, underscoring the effectiveness of our strategy. Our third site focused efforts on rebuilding its off-the-shelf inventory, a move designed to support future sales of higher-margin products. This balanced approach of driving immediate growth while strategically positioning for future profitability demonstrates our commitment to long-term value creation. Our innovative antibody development techniques, combined with astute operational decisions, reinforce our competitive edge in this dynamic market. We're confident that this multifaceted strategy will continue to drive sustainable growth and enhance shareholder value in the quarters to come.”
Business Highlights and Corporate Update
ImmunoPrecise continues to execute its growth strategy, focusing on scaling its AI-driven antibody drug discovery platforms, expanding its global client base, and optimizing operational efficiencies. The Company's comprehensive approach to antibody discovery and development is consistently yielding tangible outcomes. In the quarter ending July 31, 2024, ImmunoPrecise recorded revenue of $5.3 million, with two of its three sites delivering impressive double-digit growth rates year-over-year. While IPA's protein manufacturing site experienced a year-over-year decline this quarter, this was primarily due to an exceptionally strong performance in the previous year and rebuilding off-the-shelf inventory of higher-margin products. ImmunoPrecise's balanced approach of driving immediate growth while strategically positioning for the future underscores its commitment to long-term value creation and reinforces its competitive edge in the dynamic antibody market.
BioStrand is driving revenue growth through its LENS ai platform, offering fee-for-service solutions while developing commercial products tailored to IPA's extensive client base of over 600 companies. Recently, BioStrand achieved a significant breakthrough by developing and optimizing antibodies entirely through computer simulations, targeting a protein within the Tumor Microenvironment (TME). This achievement is particularly noteworthy given the TME's intricate nature and the lack of prior structural data on the target. Despite these formidable challenges, our team successfully navigated the complexities of end-to-end in silico antibody development in this demanding context. Building on this AI-driven success, BioStrand is now accelerating the rollout of advanced in silico antibody engineering solutions, positioning the company at the forefront of computational drug discovery and potentially opening new revenue streams in this high-growth market segment.
BioStrand is also making progress in developing applications for the AWS Marketplace. For context, the AWS Marketplace is a global platform that enables partners to leverage Amazon Web Services' technologies, programs, and expertise to build and deliver cutting-edge solutions. This marketplace provides BioStrand with enhanced visibility to a broader customer base, opening new opportunities for growth and collaboration while ensuring the delivery of high-quality, AI-driven SaaS solutions.
Talem Therapeutics and BioStrand have partnered to enhance Talem's lead therapeutic assets using BioStrand's LENS ai software suite, which includes over 80 in silico applications. This collaboration aims to increase the data quality and value of these assets. By leveraging LENS ai to refine existing lead candidates, the Company expects to improve their market readiness and commercial potential. The Company plans to soon release more details on these enhanced assets, demonstrating LENS ai 's utility in antibody engineering and its impact on asset value.
First Quarter FY25 Financial Results
- Revenue: Total revenue was $5.3 million, compared to revenue of $5.7 million in fiscal year 2024 (“FY24”) Q1. Project revenue generated $4.9 million, including projects using IPA’s proprietary B Cell Select® platform and IPA’s proprietary LENS ai platform, compared to $5.2 million in FY24 Q1. Product sales and cryostorage revenue were $0.4 million, compared to $0.5 million in FY24 Q1.
- Research & Development (R&D) Expenses: R&D expenses were $1.6 million, compared to $0.9 million in FY24 Q1, with the increase reflecting increased expenditures related to the build of the Company's LENS ai platform.
- Sales & Marketing (S&M) Expenses: S&M expenses were $0.7 million, compared to $1.1 million in FY24 Q1. The reduction in sales and marketing expenses reflect lower share-based expense and cost savings from our synergistic sales efforts across our comprehensive AI-enhanced antibody discovery and development services.
- General & Administrative (G&A) Expenses : G&A expenses were $4.2 million, compared to $4.0 million in FY24 Q1.
- Net Loss: Net loss of $4.0 million, or $(0.15) per share on a basic and diluted basis, compared to a net loss of $3.4 million or $(0.14) on a basic and diluted basis in FY24 Q1.
- Liquidity: Cash totaled $4.0 million as of July 31, 2024, compared to $6.8 million as of July 31, 2023.
You can start your research here: https://www.insiderfinancial.com/profile/.
Sincerely,
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