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ImmunoPrecise Antibodies (IPA)
NASDAQ:IPA
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ImmunoPrecise Antibodies
(NASDAQ:IPA)
Rating:54Neutral
Price Target:―
Positive Factors
Financial Health
The company completed an equity raise and converted the remaining balance of its debentures, ending the quarter with $12.9 million in cash and no long-term debt.
Market Confidence
Insiders recently completed 763,000 in open market share purchases, indicating confidence in the company's future.
Strategic Partnerships
A new $8-$10 million co-development partnership with a large biotech firm and strategic agreements for generative AI in drug development highlight growth potential.
Negative Factors
Financial Performance
The company reported FY3Q25 revenues of C$6.2M and a net loss of C$0.66 per diluted share, compared to the consensus estimated revenues of C$7.0M and a net loss of C$0.08 per share.
Market Fluctuations
IPA shares have declined this year with a dip in the overall market and uncertainties related to potential drug tariffs and government R&D spending.
Operational Risks
Risks include commercial, execution, legal and IP, and competition.
ImmunoPrecise Antibodies (IPA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$29.93M
Dividend YieldN/A
Average Volume (3M)458.33K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue Growth-0.71%
EPS Growth-169.29%
CountryUS
Employees72
SectorHealthcare
Sector Strength55
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.48
Shares Outstanding45,765,118
10 Day Avg. Volume790,215
30 Day Avg. Volume458,329
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)1.50
Price to Sales (P/S)0.00
P/FCF Ratio-4.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$4.00Price Target Upside447.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
ImmunoPrecise Antibodies Business Overview & Revenue Model
Company DescriptionImmunoPrecise Antibodies (IPA) is a biotechnology company that operates in the life sciences sector, specializing in the discovery and development of therapeutic antibodies. The company provides a full suite of services covering the entire antibody discovery process, utilizing advanced technologies such as hybridoma, B-cell selection, and phage display. IPA caters to pharmaceutical and biotechnology companies, as well as academic and research institutions, offering tailored solutions to accelerate drug discovery and development.
How the Company Makes MoneyImmunoPrecise Antibodies makes money primarily through its service offerings in antibody discovery, development, and production. The company generates revenue by providing custom antibody research and development services, which include processes such as antigen design, antibody generation, and validation. Key revenue streams include contract research agreements and collaborations with pharmaceutical and biotech companies seeking specialized expertise in antibody discovery. Additionally, IPA may engage in licensing agreements for proprietary technologies or antibodies, further contributing to its earnings. Significant partnerships with industry players and research institutions enhance the company's market presence and revenue potential.
ImmunoPrecise Antibodies Earnings Call Summary
Earnings Call Date:Mar 28, 2025
(Q3-2025)
| % Change Since: 65.91%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements, including strategic partnerships, financial strengthening, and substantial growth in AI and biologics, overshadowing concerns about increased operating expenses and broader industry challenges.Q3-2025 Updates
Positive Updates
Strategic Partnership
Secured a strategic partnership valued at US$8 million to US$10 million with a leading biotech company, leveraging proprietary B-cell select technology and AI-driven capabilities.
Relocation and Expansion
Relocated corporate headquarters to Austin, Texas, expanding US footprint in a thriving AI and biotech ecosystem.
Financial Strength
Strengthened financial position with US$8.8 million equity raise and full conversion of Yorkville debenture, making the company debt-free.
AI and Biologics Growth
BioStrand achieved a 131.8% year-over-year revenue increase with an average gross profit margin of 97% year-to-date.
Partnerships and Collaborations
Collaborations with key technology partners like Vultr and AMD, enhancing lab-in-a-loop drug discovery capabilities.
Negative Updates
Operating Expenses Increase
Operating expenses for the quarter totaled $27.8 million, driven largely by a non-cash impairment charge of $21.2 million related to BioStrand's intangible assets.
Biotech Industry Challenges
The biotech industry has faced significant capital constraints, with 41 companies filing for bankruptcy in 2023.
Company Guidance
In the third quarter of fiscal year 2025, ImmunoPrecise Antibodies (IPA) reported strong financial and operational progress, as detailed in their earnings call. The company secured a significant strategic partnership valued between $8 million to $10 million, leveraging its proprietary B-cell select technology and AI capabilities. The relocation of IPA's headquarters to Austin, Texas, aims to enhance its presence in the U.S. biotech and AI ecosystem. Financially, IPA raised $8.8 million in equity, completed the full conversion of the Yorkville debenture, and ended the quarter with CAD12.9 million in cash, significantly reducing financial risk. The company reported a consistent revenue of $6.2 million, with BioStrand achieving a remarkable 131.8% year-over-year revenue increase and an average gross profit margin of 97% year-to-date. IPA's strategic initiatives include a potential divestiture of its EU lab to enhance operational efficiency and focus. The company anticipates that its AI-driven platforms will continue to scale, enhancing profitability and positioning IPA for sustainable long-term growth.ImmunoPrecise Antibodies Financial Statement Overview
Summary
ImmunoPrecise Antibodies faces significant financial challenges, with persistent losses and cash flow issues. While the balance sheet shows moderate leverage, cash flow and profitability metrics indicate a need for strategic improvements.Income Statement
ImmunoPrecise Antibodies has shown a declining revenue trend with a recent dip in the TTM period. The company has consistently reported negative net income and EBIT, indicating ongoing profitability challenges. Gross profit margins have been stable but negative net profit margins highlight significant losses.45
Neutral
Balance Sheet
The company's balance sheet displays a moderate debt-to-equity ratio, indicating some leverage but not excessively high. The equity ratio suggests a reasonable proportion of equity financing. However, the declining stockholders' equity and total assets over recent periods could be a concern.50
Neutral
Cash Flow
Cash flow analysis reveals negative operating and free cash flows, pointing to cash management challenges. The company's ability to generate cash from operations is weak. Financing activities have provided liquidity, but reliance on external financing can pose risks.40
Negative
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 24.00M | 24.52M | 20.66M | 19.36M | 17.91M | 14.06M | Gross Profit |
| 12.20M | 12.05M | 11.56M | 10.98M | 11.54M | 8.03M | EBIT |
| -13.66M | -13.76M | -25.61M | -15.78M | -4.18M | -4.09M | EBITDA |
| -30.14M | -22.95M | -21.04M | -11.99M | -1.42M | -449.00K | Net Income Common Stockholders |
| -46.12M | -27.18M | -26.56M | -16.71M | -7.34M | -4.95M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 12.91M | 3.46M | 8.28M | 29.96M | 41.76M | 2.61M | Total Assets |
| 45.53M | 59.99M | 77.81M | 93.49M | 66.96M | 27.26M | Total Debt |
| 12.93M | 13.68M | 7.27M | 2.55M | 3.46M | 4.51M | Net Debt |
| 13.00K | 10.22M | -1.01M | -27.42M | -38.30M | 1.90M | Total Liabilities |
| 20.41M | 26.07M | 20.01M | 18.21M | 10.04M | 12.18M | Stockholders Equity |
| 25.12M | 33.92M | 57.80M | 75.28M | 56.92M | 15.09M |
| Cash Flow | Free Cash Flow | ||||
| -9.37M | -5.64M | -21.33M | -11.18M | -2.03M | -1.97M | Operating Cash Flow |
| -7.70M | -4.25M | -19.83M | -9.92M | -600.00K | -1.39M | Investing Cash Flow |
| -1.55M | -1.56M | -1.97M | -5.21M | -2.46M | -1.58M | Financing Cash Flow |
| 16.43M | 1.02M | -621.00K | 2.88M | 43.38M | 174.70K |
ImmunoPrecise Antibodies Technical Analysis
Positive
0.73
Price Trends
0.49
Positive
0.46
Positive
0.49
Positive
Market Momentum
0.05
Negative
70.45
Negative
46.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IPA, the sentiment is Positive. The current price of 0.73 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.49, and above the 200-day MA of 0.49, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 70.45 is Negative, neither overbought nor oversold. The STOCH value of 46.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IPA.
ImmunoPrecise Antibodies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | $29.93M | ― | -121.65% | ― | -0.71% | -169.29% | |
54 Neutral | $5.38B | 3.31 | -45.11% | 3.29% | 16.82% | 0.04% | |
45 Neutral | $22.83M | ― | -36.31% | ― | 15.73% | 51.00% | |
44 Neutral | $28.49M | ― | -83.73% | ― | ― | 42.39% | |
43 Neutral | $22.18M | ― | -56.49% | ― | ― | 7.07% |
* Healthcare Sector Average
Performance Comparison
IPA
ImmunoPrecise Antibodies
0.73
-0.32
-30.48%
LSTA
Lisata Therapeutics
2.56
-1.04
-28.89%
OVID
Ovid Therapeutics
0.29
-3.00
-91.19%
PASG
Passage Bio
0.43
-0.62
-59.05%
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.