Record-Setting Fourth Quarter Revenue
ImmunoPrecise Antibodies (IPA) achieved its highest quarterly revenue in company history with $7 million, marking a significant milestone.
Significant Improvement in Gross Margins
Gross margin improved to 64% in Q4, up from 48% in the same quarter of the previous fiscal year. For the full fiscal year, gross margins expanded by 600 basis points from 49% to 55%.
BioStrand Segment Growth
BioStrand segment grew more than 180% year-over-year, delivering gross margins approaching 90%.
Reduction in Adjusted EBITDA Loss
Adjusted EBITDA loss was narrowed to $316,000 in the fourth quarter, a significant improvement from a loss of $1.7 million in the same quarter last year.
Strong Growth in Canadian Business
Canadian business showed strong growth with sales orders reaching $4.3 million in Q4, more than double historical quarters.
Compliance with NASDAQ Requirements
Regained compliance with NASDAQ's minimum bid price requirement, reflecting growing market confidence.
Strategic Collaborations and Partnerships
Entered into strategic collaborations with companies like RIBOPRO and a multibillion-dollar technology company, enhancing platform capabilities and expanding market reach.
Strong Cash Position
Held $10.8 million in cash as of April 30, 2025, compared to $3.5 million at fiscal year-end 2024, indicating financial discipline.