Revenue Growth and Return to Profitability
Company returned to profitability in Q1 FY2026. Verification and certification revenue reported as up 6% to $4.4M (from $4.2M). Product sales edged up to $713K (from $702K), roughly +1.6% year-over-year. Total revenue increased nearly 2% YoY to $5.4M.
Successful Launch of Raise Well and Major Retail Adoption
Launched the Raise Well program in Q1 2026 targeting premium, responsibly raised proteins. Secured Whole Foods Market as the first major retailer to adopt the program for beef and reported that the program is generating meaningful revenue. Raise Well is positioned to expand to pork, bison, lamb, poultry, eggs and dairy.
New Customer Wins and Diversification of Revenue Streams
Steady new customer acquisition drove growth despite headwinds; many new customers are beef-related. Non-beef verification lines (pork, dairy, eggs) extended growth momentum. Certification activity for organic, non-GMO, gluten-free and upcycled also showed gains, supported by bundling incentives.
Traceability & Animal Health Response Capability
IMI Global maintains an advanced animal traceability system and, together with a growing partnership with Pattletrace, can rapidly deploy contact tracing and livestock identification in the event of a disease outbreak — positioning the company to capture response-related opportunities.
Active Share Repurchase Program
Repurchased 24,469 shares in Q1 at a cost of $293K. Total buybacks since program inception (including private purchases) are 1,399,121 shares at an aggregate cost of approximately $15.5M, and the company intends to continue the repurchase program.