Biomerica Inc Stock Price, News & Analysis

Biomerica (NASDAQ: BMRA) reported Q3 fiscal 2025 financial results with 10% year-over-year revenue growth to $1.10 million. The company achieved significant improvements in financial metrics, including a gross margin increase from -15% to +2% and a 37% reduction in operating expenses to $1.20 million.

Key developments include UAE regulatory approval for the Fortel® PSA Screening Test, publication of positive inFoods® IBS clinical trial results in Gastroenterology journal, and CE-IVDR certification for new food intolerance products targeting Ulcerative Colitis.

The company reached its cost savings target early, delivering $1.1 million in savings (16% of annual operating expenses) within the first nine months. Cash burn improved by over 55% to $800,000 quarterly, with cash and equivalents at $3.06 million as of February 28, 2025.

Biomerica (NASDAQ: BMRA) has secured IVDR certification in the European Union for its food intolerance diagnostic products targeting Crohn's Disease and Ulcerative Colitis. The certification validates compliance with the EU's new In Vitro Diagnostic Medical Devices Regulation (IVDR – 2017/746), demonstrating the products' safety, quality, and performance standards.

The company's proprietary technology helps identify specific foods that may trigger inflammation in patients with these inflammatory bowel diseases (IBD). This certification positions Biomerica to expand its presence in the European market and potentially facilitate access to other international markets that recognize EU IVDR certification.

The company is currently finalizing materials for product launch in the near future, focusing on providing non-invasive and personalized solutions for IBD management.

Biomerica (NASDAQ: BMRA) has published clinical trial results for its inFoods® IBS test in Gastroenterology journal. The test identifies specific foods triggering elevated IgG antibody responses in IBS patients. A randomized, double-blind trial with 238 patients across eight U.S. academic centers showed significant results:

The treatment group following personalized elimination diets showed 59.6% success rate in pain reduction compared to 42.2% in the control group. Results were particularly strong for IBS-C patients (67.1% vs 35.8%) and IBS-M patients (66% vs 29.5%).

The test enables patients to eliminate only 2-4 trigger foods on average, offering a more targeted approach compared to traditional restrictive diets. This advancement is particularly significant for IBS-M patients, for whom no FDA-approved medications currently exist.

Biomerica (NASDAQ: BMRA) has received approval from the United Arab Emirates Ministry of Health and Prevention for its Fortel® PSA Screening Test, a 10-minute diagnostic tool for detecting prostate cancer markers through finger-prick blood samples. The test has demonstrated impressive clinical performance with 100% sensitivity, 95% specificity, and 97.5% accuracy in studies.

This approval marks a strategic expansion in the Middle East market, where Biomerica already has success with its EZ Detect Colon Disease Test. The Fortel® PSA test aims to address the growing concern of prostate cancer, which is the second most common cancer in men globally with 1.4 million new cases and 375,000 deaths reported in 2020.

The company is working with regional distributors to make early cancer detection more accessible, building on their previous achievement of securing government insurance reimbursement in Dubai for their colon screening test.

Biomerica (NASDAQ: BMRA) reported Q2 fiscal 2025 results showing a 5% year-over-year revenue growth to $1.64 million. The company achieved significant improvements in financial metrics, including gross margin expansion from 21% to 27% and a 26% reduction in operating expenses to $1.43 million.

Key developments include the direct-to-consumer launch of inFoods® IBS Test and securing three patents for inFoods® technology covering GERD, Crohn's Disease, and Ulcerative Colitis in multiple European countries. The company's cost-saving initiatives delivered approximately $670,000 in savings, targeting annual reductions of $1.0-1.4 million.

Operating losses decreased by 39% to $990,000, while net losses reduced by 37% to $950,000. Cash position stood at $2.37 million at quarter-end, down from $2.82 million in Q1.

Biomerica (NASDAQ: BMRA) has secured three key patent allowances in European markets for its inFoods® Technology, targeting GERD, Crohn's Disease, and Ulcerative Colitis. The patents cover major European markets including Germany, UK, France, Italy, Spain, and over 30 other EPO nations. These markets represent significant opportunities: GERD ($4B+ annually), Crohn's Disease ($2.5B+ annually), and Ulcerative Colitis (projected $1.9B by 2028). The inFoods® Technology platform identifies specific foods triggering symptoms in patients, enabling personalized dietary plans as alternatives to traditional medications, particularly addressing concerns over PPI side effects in GERD treatment.

Biomerica (BMRA) has received a 180-day extension from Nasdaq to meet the minimum $1.00 per share bid price requirement for continued listing. The company now has until May 5, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least ten consecutive business days. The extension was granted as Biomerica meets all other Nasdaq Capital Market listing requirements, including minimum market value of publicly held shares. The company has expressed its commitment to maintaining its Nasdaq listing and is actively working to meet the bid price requirement.

Biomerica (NASDAQ: BMRA) announces direct-to-consumer availability of its inFoods® IBS test through infoodsibs.com. The test, which requires only a finger-prick blood sample, helps identify foods triggering IBS symptoms like bloating and gastrointestinal pain. A licensed physician remotely authorizes the test, eliminating the need for office visits.

The technology's effectiveness was validated in a double-blinded, placebo-controlled multicenter clinical study at institutions including Mayo Clinic and Beth Israel Deaconess Medical Center, showing significant improvement in symptoms without medication side effects. The solution targets a considerable market, as IBS affects 1 in 20 Americans and contributes to $10 billion in annual direct medical costs.

Biomerica, Inc. (Nasdaq: BMRA) reported financial results for Q1 fiscal 2025 ended August 31, 2024. Key highlights include:

1. Saudi FDA approval for Fortel® Prostate (PSA) Screening Test
2. Completion of inFoods® IBS pilot with 1,100 physician group
3. Ongoing discussions for potential distribution partnerships for inFoods® IBS
4. Progress on H. pylori product distribution

Financial results:
- Revenue increased 6% YoY to $1.8 million
- Gross margin at 16%, down from 24% in Q1 fiscal 2024
- Operating expenses rose to $1.7 million from $1.6 million
- Operating loss increased to $1.4 million from $1.2 million
- Net loss rose to $1.3 million from $1.1 million

The company implemented a cost-savings plan expected to reduce annual expenses by 16% to 23% ($1.0 to $1.4 million).