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Intelligent Bio Solutions (INBS)
NASDAQ:INBS
US Market

Intelligent Bio Solutions (INBS) AI Stock Analysis

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INBS

Intelligent Bio Solutions

(NASDAQ:INBS)

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Neutral 59 (OpenAI - 5.2)
Rating:59Neutral
Price Target:
$16.00
▲(1453.40% Upside)
The score is held back primarily by weak financial performance (deep losses and substantial ongoing cash burn). It is supported by strong technical momentum and constructive corporate developments (financing, regained Nasdaq compliance, and a manufacturing deal aimed at material cost and margin improvements), while valuation remains constrained by unprofitability and lack of dividend.
Positive Factors
Manufacturing Partnership & Margin Expansion
The strategic manufacturing deal materially lowers unit costs and expands capacity. A >40% reduction in production costs and an expected ~20 percentage point gross-margin uplift create a durable path toward breakeven as volumes scale, while 4x capacity supports planned US/global expansion.
Customer Acquisition & Market Penetration
A 50% YoY gain with 33 net new accounts and >480 active customers signals real product-market fit and widening adoption across geographies. High first-time adopter rates imply strong initial conversion, supporting durable recurring device-plus-service revenue and opportunities for upsell and distributor-led scale.
Improved Liquidity from Financing
The ~$10M at-the-market financing materially extends the company’s runway, lowering immediate liquidity risk and enabling investment in commercialization, regulatory work, and the new manufacturing ramp. This funding gives management time to execute structural margin and revenue initiatives.
Negative Factors
Persistent Cash Burn
Sustained negative operating and free cash flow shows the business consumes material cash rather than funding itself. Ongoing burn forces repeated access to external capital, raises refinancing risk, and constrains strategic investments unless structural revenue growth or cost reductions rapidly outpace cash outflows.
Very Weak Profitability
Deep negative margins and large operating losses indicate the current cost base far exceeds revenue scale. Without sustained margin improvement and meaningful top-line expansion, the company faces structural profitability challenges that erode equity, depress returns, and increase dependency on dilutive financing.
Dilution and Overhang from Warrants
The private placement included pre-funded and exercisable warrants that can materially expand share count upon exercise. That creates a persistent overhang, can dilute existing shareholders, and complicates future equity raises and incentives, increasing long-term capital structure risk if exercises occur.

Intelligent Bio Solutions (INBS) vs. SPDR S&P 500 ETF (SPY)

Intelligent Bio Solutions Business Overview & Revenue Model

Company DescriptionIntelligent Bio Solutions Inc., a life sciences company, developing non-invasive, real-time monitoring and diagnostic tests for patients and their primary health practitioners. It offers Saliva Glucose Biosensor, an organic thin-film transistor for diabetes management that measures glucose in saliva. The company also focuses on developing SARS-CoV-2 Biosensor, a biosensor test can be used as a complement to the (RNA) virus detection test; and a biosensor platform comprising of biochemistry, immunology, tumor markers, hormones, and nucleic acid diagnostic modalities. The company was formerly known as GBS Inc. and changed its name to Intelligent Bio Solutions Inc. in October 2022. The company was incorporated in 2016 and is headquartered in New York, New York. Intelligent Bio Solutions Inc. is a subsidiary of Life Science Biosensor Diagnostics Pty Ltd.
How the Company Makes MoneyIntelligent Bio Solutions generates revenue through multiple streams, primarily by selling its proprietary drug testing devices and related software services. The company also offers ongoing maintenance and support services for its products, which contribute to its recurring revenue model. Additionally, INBS has established partnerships with various healthcare and law enforcement organizations, providing tailored testing solutions that enhance its market reach and visibility. Furthermore, the company may explore licensing agreements for its technology and intellectual property to other firms in the healthcare and biotech sectors, creating additional revenue opportunities.

Intelligent Bio Solutions Financial Statement Overview

Summary
Intelligent Bio Solutions faces significant financial challenges, with consistent losses and negative cash flows. While leverage is low, the company struggles with profitability and efficient capital utilization. The financial health is precarious, requiring strategic improvements to achieve stability and growth.
Income Statement
24
Negative
The company has shown some revenue growth, but profitability remains a significant issue with consistently negative net profit margins and EBIT margins. The gross profit margin has decreased over the years, indicating potential challenges in cost management or pricing power.
Balance Sheet
46
Neutral
The debt-to-equity ratio is low, suggesting limited leverage, which is positive. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholder investments. The equity ratio is moderate, reflecting a balanced capital structure.
Cash Flow
18
Very Negative
The company has negative operating and free cash flows, which is concerning. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow is somewhat aligned with net income, but both are negative. Cash flow growth rates are volatile, reflecting operational challenges.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.29M3.05M3.11M1.26M0.001.98M
Gross Profit1.42M1.25M1.43M326.67K0.001.98M
EBITDA-9.64M-9.45M-9.31M-9.47M-8.33M0.00
Net Income-10.87M-10.57M-10.16M-10.63M-8.31M-7.04M
Balance Sheet
Total Assets10.04M8.25M13.78M10.35M12.35M21.86M
Cash, Cash Equivalents and Short-Term Investments1.66M1.02M6.30M1.54M8.28M12.57M
Total Debt1.95M281.81K1.15M1.92M0.000.00
Total Liabilities6.61M5.44M5.60M6.67M5.81M6.85M
Stockholders Equity3.62M3.00M8.33M3.80M6.62M15.06M
Cash Flow
Free Cash Flow-10.44M-9.91M-9.79M-7.88M-3.74M-11.30M
Operating Cash Flow-10.14M-9.68M-9.57M-7.38M-3.36M-11.30M
Investing Cash Flow-302.24K-231.84K-221.43K-694.14K-880.22K0.00
Financing Cash Flow8.11M4.60M14.56M1.44M0.0023.40M

Intelligent Bio Solutions Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.03
Price Trends
50DMA
8.21
Positive
100DMA
10.46
Positive
200DMA
12.90
Positive
Market Momentum
MACD
2.34
Negative
RSI
62.16
Neutral
STOCH
38.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INBS, the sentiment is Positive. The current price of 1.03 is below the 20-day moving average (MA) of 10.11, below the 50-day MA of 8.21, and below the 200-day MA of 12.90, indicating a bullish trend. The MACD of 2.34 indicates Negative momentum. The RSI at 62.16 is Neutral, neither overbought nor oversold. The STOCH value of 38.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INBS.

Intelligent Bio Solutions Risk Analysis

Intelligent Bio Solutions disclosed 58 risk factors in its most recent earnings report. Intelligent Bio Solutions reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Intelligent Bio Solutions Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
59
Neutral
$17.54M-0.86-223.45%3.26%65.96%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
$10.78M
43
Neutral
$6.39M-0.07-245.18%-27.66%13.18%
42
Neutral
$4.22M-0.05-296.20%-67.73%58.35%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
INBS
Intelligent Bio Solutions
14.60
0.70
5.04%
ISPC
iSpecimen
0.38
-1.99
-83.92%
BGLC
BioNexus Gene Lab Corp
3.64
-0.14
-3.78%
MYNZ
Mainz Biomed B.V.
1.16
-3.67
-75.98%
BIAF
bioAffinity Technologies, Inc.
1.37
-18.88
-93.23%

Intelligent Bio Solutions Corporate Events

Delistings and Listing ChangesRegulatory Filings and Compliance
Intelligent Bio Solutions Regains Nasdaq Listing Compliance Status
Positive
Jan 8, 2026

On January 7, 2026, Intelligent Bio Solutions Inc. announced that it had regained compliance with Nasdaq’s minimum bid price requirement after previously falling out of compliance when its common stock traded below $1.00 per share for 30 consecutive business days leading up to a deficiency notice dated December 16, 2025. The company’s return to compliance, achieved by maintaining a closing bid price of at least $1.00 for 14 consecutive business days from December 16, 2025, to January 6, 2026, removes the immediate risk of delisting from the Nasdaq Capital Market and closes the matter with the exchange’s listing qualifications staff.

The most recent analyst rating on (INBS) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Intelligent Bio Solutions stock, see the INBS Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Intelligent Bio Solutions Completes Strategic $10 Million Financing
Positive
Jan 2, 2026

On December 31, 2025, Intelligent Bio Solutions entered into a securities purchase agreement with healthcare-focused institutional investors for a private placement of 2,298,850 shares of common stock (or pre-funded warrants in lieu thereof) together with Series K-1 and Series K-2 warrants, at a combined purchase price of $4.35, generating approximately $10.0 million in gross proceeds; the transaction, priced at-the-market under Nasdaq rules, closed on January 2, 2026, with 105,000 shares and 2,193,850 pre-funded warrants issued, taking the company’s outstanding common stock to 1,216,142 shares. The warrants are immediately exercisable, with pre-funded warrants priced at $0.01 per share and Series K-1 and K-2 warrants at $4.10 per share for a five-year term following effectiveness of a registration statement, while the company has committed to register the resale of the shares and warrant shares and plans to use the net proceeds for working capital and general corporate purposes, bolstering its balance sheet and providing additional funding flexibility as it pursues growth in the non-invasive drug testing market; Ladenburg Thalmann acted as exclusive placement agent under a fee and expense arrangement tied to the offering and any future warrant exercises.

The most recent analyst rating on (INBS) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Intelligent Bio Solutions stock, see the INBS Stock Forecast page.

Business Operations and Strategy
Intelligent Bio Solutions Forms Strategic Manufacturing Partnership
Positive
Dec 31, 2025

On December 31, 2025, Intelligent Bio Solutions announced a strategic manufacturing partnership with Syrma Johari MedTech to support and scale production of its Intelligent Fingerprinting Drug Screening Reader, a move aimed at strengthening global production capacity and improving profitability. Under the new arrangement, the company expects annual production cost savings of more than 40%, translating into an anticipated improvement of about 20 percentage points in gross margin compared with its previous manufacturing setup, while gaining access to manufacturing capacity roughly four times its current level. The deal diversifies INBS’s supplier base, bolsters supply-chain resilience and aligns with its global expansion plans, including a planned U.S. market entry in 2026, by leveraging Syrma Johari’s extensive, certified medical device manufacturing footprint across India, Europe and the United States and its regulatory and quality-assurance expertise across major jurisdictions.

The most recent analyst rating on (INBS) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Intelligent Bio Solutions stock, see the INBS Stock Forecast page.

Delistings and Listing ChangesStock Split
Intelligent Bio Solutions Initiates Reverse Stock Split
Negative
Dec 16, 2025

On December 15, 2025, Intelligent Bio Solutions Inc. received a deficiency letter from Nasdaq due to its stock price falling below $1.00 for 30 consecutive business days, failing to meet the minimum bid price requirement for continued listing. The company has until June 15, 2026, to regain compliance, and has initiated a 1-for-10 reverse stock split to address this issue, effective December 15, 2025, with trading on a split-adjusted basis starting December 16, 2025.

The most recent analyst rating on (INBS) stock is a Hold with a $0.70 price target. To see the full list of analyst forecasts on Intelligent Bio Solutions stock, see the INBS Stock Forecast page.

Shareholder MeetingsStock Split
Intelligent Bio Solutions Announces Reverse Stock Split
Neutral
Dec 12, 2025

On October 16, 2025, Intelligent Bio Solutions Inc. held its annual stockholder meeting where an amendment was approved to effect a reverse stock split. The company’s board decided on a 1-for-10 reverse stock split, which was filed on December 12, 2025, and became effective on December 15, 2025. This move reduced the number of outstanding shares from approximately 9.6 million to 960,000, with trading on a split-adjusted basis beginning on December 16, 2025. The reverse stock split aims to consolidate shares without altering the overall equity structure, except for cash payments in lieu of fractional shares.

The most recent analyst rating on (INBS) stock is a Hold with a $0.70 price target. To see the full list of analyst forecasts on Intelligent Bio Solutions stock, see the INBS Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Intelligent Bio Solutions Presents Investor Update
Neutral
Dec 2, 2025

Intelligent Bio Solutions Inc. provided a presentation to investors on December 2, 2025, detailing aspects of its business and operations. The presentation is available on the company’s website, and the information is furnished under Regulation FD, not filed under the Securities Exchange Act of 1934.

The most recent analyst rating on (INBS) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Intelligent Bio Solutions stock, see the INBS Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Intelligent Bio Solutions Issues Restricted Shares for Advisory
Neutral
Nov 28, 2025

On November 25, 2025, Intelligent Bio Solutions Inc. issued 75,000 restricted shares of common stock to MDM Worldwide Solutions, Inc. as equity compensation for strategic communication advisory and consulting services. This issuance, exempt from registration under the Securities Act, reflects the company’s strategic move to enhance its communication capabilities without cash transactions.

The most recent analyst rating on (INBS) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Intelligent Bio Solutions stock, see the INBS Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Intelligent Bio Solutions Adds 33 New Customer Accounts
Positive
Oct 30, 2025

On October 30, 2025, Intelligent Bio Solutions Inc. announced the addition of 33 new customer accounts during its fiscal first quarter ending September 30, 2025, marking a 50% increase from the previous year. This growth, particularly strong in the UK and supported by distributor activity in Europe and the Middle East, brings the total active accounts to over 480. The company’s expansion into sectors like government administration highlights the broadening applicability of its solutions. Approximately 91% of new accounts were first-time adopters of the company’s drug screening solution, indicating strong market penetration and customer confidence. The global drug screening market is projected to grow significantly, positioning Intelligent Bio Solutions to capitalize on this opportunity and drive sustainable revenue growth.

The most recent analyst rating on (INBS) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Intelligent Bio Solutions stock, see the INBS Stock Forecast page.

Executive/Board ChangesShareholder MeetingsStock Split
Intelligent Bio Solutions Approves Incentive Plan Amendment
Neutral
Oct 21, 2025

On October 16, 2025, Intelligent Bio Solutions Inc. held its annual meeting of stockholders, where an amendment to the 2019 Long Term Incentive Plan was approved, increasing the shares available for issuance by 495,000. The meeting also saw the election of directors, ratification of UHY LLP as the accounting firm, and approval of several proposals including a reverse stock split and issuance of shares upon warrant exercise.

The most recent analyst rating on (INBS) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Intelligent Bio Solutions stock, see the INBS Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 13, 2026