Innovotech Revenue Rises Amid Quarterly Loss

Innovotech (TSE:IOT) has released an update.

Innovotech Inc. has reported a 6.88% increase in half-year revenues for 2024, reaching $712,563, despite a 24.89% drop in contract research revenues and a quarterly loss of $114,817. The company’s G&A expenses rose and R&D expenses nearly doubled as they invest in capacity for expected higher work volumes.

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