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Innovotech Inc. (V:IOT)

Business Focus: Pharmaceuticals

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Sector:  Healthcare Industry:  Pharmaceuticals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 2011 94 St NW Suite 101
EDMONTON AB T6N 1H1
Tel: N/A
Website: N/A
IR: N/A
Key People
N/A    
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 nine months ended 30 September 2018, Innovotech Inc revenues decreased 21% to C$627K. Net loss totaled C$159K vs. income of C$724K. Revenues reflect Contract research fees decrease of 18% to C$448K, Product sales Cost of sales decrease of 27% to C$179K. Net loss reflects Research and development increase from C$31K to C$72K (expense), General and Administrative increase of 6% to C$555K (expense).
Employees: 16 as of Mar 13, 2012
Reporting Currency: Canadian Dollars
Enterprise value: $1.59M as of Dec 31, 2018
Annual revenue (TTM): $0.82M as of Dec 31, 2018
EBITDA (TTM): -$0.11M as of Dec 31, 2018
Net annual income (TTM): -$0.13M as of Dec 31, 2018
Free cash flow (TTM): -$0.24M as of Dec 31, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 36,239,612 as of Sep 30, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization