Biotech firm ImmunoPrecise's FY25 revenue misses estimates

Reuters07-29
Biotech firm ImmunoPrecise's FY25 revenue misses estimates

Overview

  • ImmunoPrecise FY25 revenue was C$24.5 mln, missing analyst expectations

  • Record Q4 revenue of C$7.0 mln, driven by BioStrand segment growth

  • Q4 Adjusted EBITDA loss improved to C$0.3 mln, reflecting operational efficiency

Outlook

  • Company anticipates completing divestiture of Dutch subsidiary soon

  • ImmunoPrecise to focus on AI-based product development

  • Company expects strategic steps to enhance core capabilities

  • ImmunoPrecise aims to streamline operations with strategic priorities

Result Drivers

  • BIOSTRAND GROWTH - BioStrand segment grew over 180% in FY25, contributing to improved gross margins

  • OPERATIONAL EFFICIENCY - Q4 Adjusted EBITDA loss improved due to enhanced operational efficiency

  • GROSS MARGIN IMPROVEMENT - Gross margin rose to 64% in Q4 FY25, driven by high-margin BioStrand revenues

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

Miss

C$24.50 mln

C$25.40 mln (2 Analysts)

FY Net Income

-C$30.20 mln

FY Gross Profit

C$13.50 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy"

  • Wall Street's median 12-month price target for Immunoprecise Antibodies Ltd is $4.00, about 49.5% above its July 28 closing price of $2.02

Press Release: ID:nBw4tGpmKa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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