Immucell Corporation · NASDAQ:ICCC
Immucell — Q1 2026 Earnings Presentation
8 slides from Immucell's earnings presentation, May 15, 2026
Slide 1: First Quarter 2026 Financial Results
Nasdaq: ICCC First Quarter 2026 Financial Results May 15, 2026 Nasdaq: ICCC
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and will ofte
Slide 3: Unaudited Statements of Income
Unaudited Statements of Income Statements of Income 2026 2025 Key themes Q1 2026 in millions Q1 Q1 Product Sales $10.4 $8.1 • Record revenue performance with 28.4% growth YTY Growth 28.4% 11.2% Gross Profit 4.7 3.4 • Gross margin improvements driven by price Gross Margin 45.0% 41.6% realization and
Slide 4: Unaudited Balance Sheets
Unaudited Balance Sheets BALANCE SHEETS March 31, December 31, in millions 2026 2025 Key themes Q1 2026 Assets Cash $6.8 $3.8 • Cash increased from $3.8M at year end to $6.8M Accounts Receivable 2.7 3.4 driven by strong product sales in the first quarter Inventory 8.7 9.3 Prepaid expenses 0.7 0.5 •
Slide 5: ImmuCell Product Sales
ImmuCell Product Sales ImmuCell Product Sales 2023 – 2026 Millions $ Key Facts Key themes Q1 2026 TriShield All other 10.4 • Increased sales activity 7.8 8.1 7.3 7.6 6.4 • High seasonal demand 6.0 5.4 5.1 5.5 5.5 from cow-calf segment 3.4 3.5 7.9 • Product availability 5.7 6.0 3.8 4.1 3.9 4.2 4.5 3.
Slide 6: First Defense® Share Developments
First Defense® Share Developments ImmuCell Segment Share (U.S.) 2021 – 2026 (Q1) +11.4% 35.2% Share of category spend 28.2% 29.1% 26.1% 24.5% 23.8% 18.1% Share of animals treated 14.0% 14.0% 15.2% 15.0% 13.2% 2021 2022 2023 2024 2025 2026 Q1 Source: Animal health market data provider Nasdaq: ICCC 6
Slide 7: First Defense® Manufacturing Output
First Defense® Manufacturing Output Manufacturing Units (MUs) Of First Defense® 2021 – 2026 Average Monthly MUs released Key themes Q1 2026 +35% 464,517 • Improved planning 379,533 343,911 298,771 • Reduced waste 273,255 251,775 • Increased utilization 2021 2022 2023 2024 2025 2026 Q1 Note: Manufact
Slide 8: Nasdaq: ICCC
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