Intelligent Bio Solutions Inc. announced its highest-ever monthly cartridge sales for July 2025, with a record 519 boxes shipped, representing over 12,500 cartridges. This marks a 60% increase year-on-year for the higher-margin consumable.
Cartridges form the foundation of INBS’s razor/razor blade business model, and this recurring revenue stream continues to grow as the company secures new large contracts and expands its global installed base. A recent significant tender win in the transportation sector has directly increased ongoing demand for consumables.
President and CEO Harry Simeonidis stated that July's record cartridge sales demonstrate the strength of the business model and the momentum generated by major contract wins. The company sees a growing pipeline of significant opportunities, with an increasing number of bids and tenders for large-scale deployments.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.