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Innovotech ( (TSE:IOT) ) has provided an announcement.
Innovotech Inc. reported a record revenue of $1,158,185 for Q1-2025, driven by increased contract research at Innovotech Labs Corporation and the acquisition of Keystone Labs Inc. This growth marks a significant improvement from previous quarters, highlighting the company’s strategic expansion and effective management. The acquisition of Keystone Labs has notably contributed to revenue growth and profitability, strengthening Innovotech’s position in the market. The company also posted a net income of $63,523, reflecting its successful operational management and commitment to maintaining quality outcomes for clients.
More about Innovotech
Innovotech Inc. is a diversified Canadian technology company engaged in specialized laboratory services, biotechnology businesses, and proprietary intellectual property. It operates several subsidiaries, including Innovotech Labs Corporation, which focuses on antimicrobial testing and silver solutions, and Keystone Labs Inc., a DEL-accredited lab serving the Canadian pharmaceutical and industrial markets. Innovotech also holds a 60% stake in NouLifeSciences Inc., which develops antioxidant molecules for cosmetics and medical applications.
Average Trading Volume: 75,056
Technical Sentiment Signal: Buy
Current Market Cap: C$7.96M
See more insights into IOT stock on TipRanks’ Stock Analysis page.