Nicola Fraser
On June 7, 2024, upon recommendation of the Nominating and Corporate Governance Committee, the Board appointed Nicola Fraser to the Board to fill the vacancy created by Mr. Tower’s resignation.
Highest-materiality recent filing
Intelligent Bio Solutions starts multi-site FDA 510(k) study for opiate codeine fingerprint test
Study will enroll 135 donor participants across multiple sites; partnered with CenExel Clinical Research.
Intelligent Bio Q3 revenue $1.06M (+46% YoY); cartridge sales up 59%
Q3 cartridge revenue $703,538, up 59% YoY, representing 66% of total sales.
Intelligent Bio Solutions reports 2,176,848 shares outstanding as of April 20, 2026
As of April 20, 2026, total outstanding shares of INBS common stock were 2,176,848.
Intelligent Bio grants restricted shares to CEO/CFO/directors; updates ATM facility
CEO Harry Simeonidis and CFO Spiro Sakiris each receive 9,150 time-vesting and 21,350 performance-vesting restricted shares.
First Intelligent Fingerprinting Drug Screening Readers manufactured by Syrma Johari MedTech deployed to U.K. and Europe customers.
Intelligent Bio Solutions Q2 revenue $896,774, up 48% YoY; reader sales surge 104%
Q2 total revenue $896,774, up 48% YoY; reader sales $246,519 (+104%), cartridge sales $516,754 (+33%).
Intelligent Bio sees 48% Q2 revenue growth YoY, H1 revenue tops $2M
Fiscal Q2 2026 revenue expected up ~48% YoY; readers more than double (+104% YoY).
Partnered with Cliantha Research for a study in 40 adults to establish codeine detection cut-off levels.
Intelligent Bio Solutions regains Nasdaq minimum bid price compliance
Received Nasdaq letter on Jan 7, 2026 confirming compliance with Bid Price Rule.
Intelligent Bio Solutions closes $10M private placement; funds FDA submission and expansion
Gross proceeds of ~$10M from sale of 2,298,850 units at $4.35/unit (common/pre-funded warrant + two Series K warrants).
Partnership with Syrma Johari Medtech to scale production of fingerprint drug screening reader; expects annual production cost savings >40%.
Nasdaq deficiency letter for bid price non-compliance; 1-for-10 reverse stock split effected
Received Nasdaq deficiency letter on Dec 15 for closing bid price below $1 for 30 consecutive business days.
Intelligent Bio Solutions announces 1-for-10 reverse stock split effective Dec 15, 2025
Reverse split approved by stockholders Oct 16, 2025; ratio set by Board at 1-for-10.
Intelligent Bio Solutions furnishes investor presentation for Dec 2, 2025; content not disclosed
Company made a presentation available on its website under Investors section.
Intelligent Bio Solutions issues 75,000 restricted shares to MDM for advisory services
Board approved issuance of 75,000 restricted shares of common stock (par value $0.01) to MDM Worldwide Solutions, Inc.
Revenue $1.11M (+28% YoY, +32% sequential); cartridge sales 57.6% of total revenue.
Intelligent Bio Solutions reports preliminary Q1 FY2026 revenue over $1M, up ~32% sequentially
Preliminary revenue >$1M for fiscal Q1 ended Sep 30, 2025; third consecutive quarter of growth.
INBS adds 33 new customer accounts in Q1 FY2026, up 50% YoY; total active accounts exceed 480
Added 33 new customer accounts in fiscal Q1 ended Sept 30, 2025, a 50% increase YoY.
Elected four directors: Boyages, Hurd, Isenberg, Fraser. Boyages received 1,349,921 for, 503,182 withheld.
Intelligent Bio Solutions updates FDA 510(k) timeline; clearance expected H2 2026
Will commence clinical studies before year-end to gather additional data for FDA 510(k) resubmission for codeine fingerprint test.
Intelligent Bio Solutions extends Series H-1 warrant expiration to March 2026
Board approved extension of Series H-1 Warrant termination date from Sept 27, 2025 to March 27, 2026.
Intelligent Bio Solutions must resubmit FDA 510(k) for drug screening system after new info request
FDA requested new additional information in a letter dated September 12, 2025, requiring a new 510(k) resubmission.
Intelligent Bio Solutions Q4 revenue up 16% YoY to $844K; progress on FDA 510(k) for U.S. market
Q4 FY2025 revenue $843,884 (+16% YoY); cartridge sales up 24% YoY.
Preliminary Q4 FY2025 revenue growth of ~16% sequentially and year-over-year, driven by higher-margin cartridge sales and account growth.
INBS submits FDA 510(k) AI response; expects clearance decision within six weeks
Submitted over 1,900 pages including 23 detailed test reports and 7,800 data lines from 10,000 hours of testing.
Intelligent Bio Solutions raises $3.8M via warrant exercise inducement, funds FDA 510k filing
Gross proceeds of ~$3.8M from exercise of existing Series G and H-1 warrants at $1.90/share; closing July 28, 2025.
INBS strengthens FDA 510(k) with new fingerprint sweat detection data
Cybersecurity penetration and EMC testing completed to validate platform resilience.
Partnership with Smartox LLC to distribute SmarTest Patch in international markets excluding U.S. and Canada.
Intelligent Bio Solutions adds SmarTest Patch wearable for extended drug detection
SmarTest Patch is a wearable device that continuously detects drugs via sweat over 7–10 days.
Intelligent Bio Solutions amends CEO & CFO employment agreements, raises salaries
CEO salary increased from AUD 560,000 to AUD 580,000; CFO from AUD 410,000 to AUD 430,000, effective June 30, 2025.
Over 450 active accounts globally, with 35 new accounts added in fiscal Q3.
Intelligent Bio Solutions Q3 revenue $0.73M, up 20% QoQ; gross profit up 91% YoY
Revenue $0.73M in fiscal Q3, up 20% sequentially; nine-month revenue $2.21M, down 7% YoY.
Granted U.S. Patent No. 12259385 covering lateral flow test strip in fingerprint drug screening cartridge.
Intelligent Bio Solutions' FDA clearance process on track for 2025 U.S. launch
510(k) submitted Dec 18, 2024; FDA issued Additional Information request, pausing 90-day review clock.
Intelligent Bio Solutions expects sixth U.S. patent for fingerprint drug testing technology
Expected patent will protect lateral flow technology core to its drug screening system.
Intelligent Bio Solutions sets 2024 annual meeting for May 8, 2025; proposal deadline March 24
2024 Annual Meeting to be held virtually on or about May 8, 2025.
Intelligent Bio Solutions updates ATM offering capacity: $1.38M shares remain available
As of March 11, 2025, the Company had 6,783,543 shares of common stock outstanding.
Gross proceeds $3.0M from 1.5M shares at $2.00 per share including full over-allotment exercise.
INBS Q2 FY2025 revenue falls 20% YoY; net loss widens to $2.26M; gross margin up 11pts
Revenue $607,494, down 20% YoY; net loss $2.25M vs $1.97M.
Preliminary Q2 FY2025 revenue ~$0.61M; 6-month revenue ~$1.48M; gross profit margin improved to 38.5% from 27.7%.
Avon Freight Group selects INBS fingerprint drug testing for 3 UK sites
Avon Freight Group selects INBS fingerprint drug testing for random testing across three UK sites.
INBS preliminary Q2 revenue $0.61M; six-month gross profit up 32.6% to $0.57M, margin 38.5%
Unaudited revenue $0.61M for Q2, $1.48M for six months ended Dec 31, 2024.
Multilingual upgrade will support languages across Americas, Europe, Asia Pacific, and Middle East, accessible to over 4 billion speakers worldwide.
Intelligent Bio Solutions adds Quantum TM, expanding fingerprint drug testing to 10 UK sites
Quantum Traffic Management adopts INBS fingerprint drug screening across 10 UK sites, replacing saliva/urine methods.
Partnership with IVY Diagnostics Srl as key distributor for fingerprint drug screening in Europe and Middle East.
Intelligent Bio Solutions reports 4,807,068 shares outstanding as of Jan 2, 2025
Share count follows sales under ATM agreement with Ladenburg Thalmann & Co. Inc.
INBS files 510(k) with FDA for fingerprint sweat drug test; 94.1% accuracy, 2025 US launch target
510(k) submission for Intelligent Fingerprinting Drug Screening System; method comparison study showed 94.1% accuracy.
Intelligent Bio Solutions furnishes corporate presentation; no specific financial disclosures
Presentation made available on Dec 3, 2024 via investor section of company website.
INBS fingerprint drug test achieves 94.1% accuracy; FDA submission on track for Q4 2024
Method comparison study with 135 donors and 9 operators shows 94.1% accuracy, 82.2% sensitivity, 100% specificity for opiate detection.
Intelligent Bio Solutions releases PK study video for FDA 510(k) and raises $250,802 via ATM
Released video detailing initial results from PK study required for FDA 510(k) submission; no specific data provided.
On June 7, 2024, upon recommendation of the Nominating and Corporate Governance Committee, the Board appointed Nicola Fraser to the Board to fill the vacancy created by Mr. Tower’s resignation.
On June 6, 2024, Christopher Towers resigned from the Board of Directors (the “Board”) of Intelligent Bio Solutions Inc. (the “Company”), effective June 7, 2024.
Max materiality 0.75 · Median 0.60 · Most common event other_material