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Innovotech Inc. (V:IOT)

Business Focus: Biotechnology & Medical Research

Sector:  Healthcare Industry:  Biotechnology & Medical Research
See Regulatory Filings on SEDAR
Company Contact
Address: 2011 94 St NW Suite 101
Tel: N/A
IR: See website
Key People
Business Overview
Innovotech Inc is a Canada-based company, which operates in the field of biofilm product development, practical services and solutions for dealing with medical, agricultural and industrial problems caused by microbial biofilms. The Company's current products include human and veterinary biofilm susceptibility tests, a seed treatment designed to combat both bacterial and fungal diseases, and an assay used in growing microbal biofilms for research purposes. The Company's products are effective against such diseases as Powdery Mildew on lettuce, White Mould on beans, Bacterial Spot on tomatoes and Fire Blight on apples. The Company's products include InnovoSIL, MBEC Assay Agress and AgreGuard.
Financial Overview
For the three months ended 31 March 2020, Innovotech Inc revenues decreased 43% to C$126K. Net loss increased from C$15K to C$115K. Revenues reflect Contract research fees decrease of 54% to C$69K, Product sales decrease of 21% to C$57K. Higher net loss reflects General and Administrative increase of 10% to C$177K (expense), Research and development increase of 94% to C$9K (expense).
Employees: 16 as of Mar 13, 2012
Reporting Currency: Canadian Dollars
Enterprise value: $5.80M as of Mar 31, 2020
Annual revenue (TTM): $0.89M as of Mar 31, 2020
EBITDA (TTM): -$0.13M as of Mar 31, 2020
Net annual income (TTM): -$0.15M as of Mar 31, 2020
Free cash flow (TTM): $0.07M as of Mar 31, 2020
Net Debt Last Fiscal Year: $0.02M as of Mar 31, 2020
Shares outstanding: 36,239,612 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization