Integrated Biopharma Inc (INBP)
Sector • Healthcare Industry • Major Pharmaceutical Preparations |
Industry • Major Pharmaceutical Preparations |
Sector • Healthcare |
INBPsn Unveil Latest Financial Results
Integrated Biopharma Inc*s Financial Results Reveal Declining Revenue and Earnings
Published Sep 17 2023 / Modified Sep 17 2023
Goran Soko / CSIMarket.com Contributer
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Integrated Biopharma Inc recently released its financial results for the fiscal period ending June 30, 2023.
The report highlights a decrease in revenue, net earnings, as well as a decline in operating and net margins.
Additionally, the company's stockpiles remain below the previous year's level.
This article aims to outline the key facts from the financial results and provide an analysis of Integrated Biopharma Inc's performance.
Financial Results Overview:
Earnings per Share (EPS): In the fiscal period ending June 30, 2023, Integrated Biopharma Inc recorded an EPS of $0.00 per share, compared to $0.05 per share in the same period a year ago.
This figure also remained consistent with the preceding reporting period.
Revenue: Integrated Biopharma Inc's revenue decreased by -6.663% to $12.38 million from $13.27 million in the corresponding reporting period a year ago.
Sequentially, revenue decreased by -5.459% from $13.10 million.
Net Earnings: Net earnings for the fiscal period ending June 30, 2023, stood at $0.040 million, reflecting a significant decline of -97.32% from $1.494 million in the same period a year before.
Profitability Margins: Integrated Biopharma Inc's operating margin mitigated to 0.64%, and the net margin shrank to 0.32%. This indicates a decrease in the company's ability to generate profits from its operations.
Stockpiles: Despite an increase in stockpiles to $10.3 million (attributed to the seasonal nature of the company's business), the figure remains below the previous year's level of $11.1 million.
Operating Earnings: Operating earnings fell by -81.96% to $0.079 million in the fiscal period ending June 30, 2023.
This decrease significantly impacted Integrated Biopharma Inc's operating margin, which dropped to 0.64% from 3.3% in the fourth quarter of 2022.
Analysis:
The financial results reflect a challenging period for Integrated Biopharma Inc, with declining revenue and net earnings.
Decreased profitability margins indicate potential operational inefficiencies, which may need to be addressed.
Furthermore, the decline in accounts receivable suggests a possible slowing demand for the company's products.
Looking at the company's financial performance over a 12-month period, revenue deteriorated by -11% from $56.25 million a year ago.
This further highlights the company's struggle to maintain its revenue growth.
Context:
Integrated Biopharma Inc's shares have experienced a downward trend over the past seven days, contributing to a year-to-date performance decline of -4.86%. Despite this, the shares are currently trading 24% above their 52-week low.
Conclusion:
Integrated Biopharma Inc's financial results for the fiscal period ending June 30, 2023, demonstrate a decline in revenue and net earnings, as well as decreased profitability margins.
It is essential for the company to address operational inefficiencies and adapt to any changes in demand to ensure future growth and stability.
Investors and market analysts eagerly await the release of the company's next financial report on November 9, 2023, to gain further insights into its performance.
Other INBP's Earnings Reports
Integrated Biopharma Inc records $0.05 million tax charge
Other INBP's Earnings Reports
Integrated Biopharma Inc records $0.05 million tax charge