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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 three months ended 31 March 2019, Innovotech Inc revenues increased 3% to C$222K. Net loss decreased 81% to C$15K. Revenues reflect Product sales Cost of sales increase of 35% to C$73K. Lower net loss reflects General and Administrative decrease of 23% to C$161K (expense), Research and development decrease of 74% to C$4K (expense), Sales and Marketing remaining flat at C$0K.
Employees: 16 as of Mar 13, 2012
Reporting Currency: Canadian Dollars
Enterprise value: $2.25M as of Mar 31, 2019
Annual revenue (TTM): $0.83M as of Mar 31, 2019
EBITDA (TTM): -$0.05M as of Mar 31, 2019
Net annual income (TTM): -$0.07M as of Mar 31, 2019
Free cash flow (TTM): -$0.20M as of Mar 31, 2019
Net Debt Last Fiscal Year: $0.08M as of Mar 31, 2019
Shares outstanding: 36,239,612 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization