Business
Innovotech Inc. Reports Results For Its Second Quarter And Half-Year Ended 30 June 2025
(TheNewswire) Edmonton, Alberta, August 19, 2025 – TheNewswire - Innov...
About this update from Innovotech Inc.
[{"type":"text","content":"Innovotech Inc. Reports Results For Its Second Quarter And Half-Year Ended 30 June 2025\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Edmonton, Alberta, August 19, 2025 –\n \n\n TheNewswire -\n \n\n\n Innovotech Inc.\n \n\n\n (TSX-V: IOT)\n(“Innovotech” or the “Company”) generated strong revenues in\nthe quarter at $984,327, bringing the half-year revenues to\n$2,142,512.  The Company has recorded a second quarter loss of\n$241,199.  A one-time expense related to executive severances of\n$213,263 significantly dragged on bottom line results.  Revenues were\ndown from Q1-2025 ($1,158,185) but up year-over-year on Q2-2024 and\nthe half-year ($712,563).\n \n\n\n\n\n\n\n\n “We continue to execute on several linked, sequential\nprojects from clients that have extended across several quarters and\nwill continue to do so.  Revenues can be spiky but we are focussed on\nlong-term profitable growth and pleased with the progress to date,”\nsaid Craig Milne, CEO.\n \n\n\n\n\n\n\n\n\n\n During the second\nquarter, the Company acquired intangible assets from BDS Microbial\nServices Inc. and is providing continuity of service for existing\nclients by re-directing them towards Innovotech’s Keystone Labs\ndivision.  The acquisition has expanded Innovotech's service\noffering and has already contributed meaningfully to revenues.\n \n\n\n\n About Innovotech:\n \n\n\n\n Innovotech Inc.\nis a diversified Canadian technology company with business operations\nin a growing portfolio of specialized laboratory services,\nbiotechnology businesses, and proprietary intellectual property.\nInnovotech Inc. manages several subsidiary companies.  Innovotech\nLabs Corporation is a contract research organization that owns and\nprovides proprietary devices for antimicrobial testing in multiple\napplications and commercializes antimicrobial silver solutions. Learn\nmore at\n \n\n\n www.innovotech.ca\n \n\n\n .\n \n\n Keystone Labs Inc. is a DEL-accredited lab\nserving the Canadian pharmaceutical industry and industrial markets.\nLearn more at\n \n\n\n www.keystonelabs.ca.\n \n\n\n Innovotech Inc. owns a 60% stake in\nNouLifeSciences Inc., a company holding intellectual property related\nto antioxidant molecules with potential applications in cosmetics and\nv...