US Stocks In The News: $INBS https://thestreetr
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Intelligent Bio Solutions Inc. (NASDAQ:INBS): The medical technology company is best known for providing fast, non-invasive, and intelligent testing solutions. Yesterday, Intelligent Bio Solutions announced its financial results for the fourth quarter and the fiscal year ended on June 30, 2023.
The total revenues and government support went up by as much as 355% to hit $1.99 million. The significant rise was brought about by the acquisition of IFB in October last year. The net loss went up to $10.6 million from $8.3 million in the previous fiscal year. At the end of the period, it reported cash and cash equivalents to the tune of $1.5 million.