Ibex Technologies Reports Growth Amid Acquisition
Company Announcements

Ibex Technologies Reports Growth Amid Acquisition

Ibex Technologies (TSE:IBT) has released an update.

Ibex Technologies Inc., a player in the biotech sector, reported a revenue increase of 12% for Q2 and 15% over six months, primarily due to strong performance in the hemostasis market. Despite the revenue growth, the company experienced a decline in net earnings, attributed to costs related to its impending acquisition by BBI Solutions OEM Limited. The company also announced a special shareholder meeting to vote on the acquisition, with the board recommending approval of the sale at $1.45 per share.

For further insights into TSE:IBT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskIBEX Technologies Acquired by BBI Solutions
TipRanks Canadian Auto-Generated NewsdeskIBEX Technologies Acquired by BBI Solutions
TipRanks Canadian Auto-Generated NewsdeskIbex Technologies: Strong Growth Amidst Acquisition
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App