Welcome to our dedicated page for Intelligent Bio Solutions news (Ticker: INBS), a resource for investors and traders seeking the latest updates and insights on Intelligent Bio Solutions stock.
Intelligent Bio Solutions Inc. (NASDAQ: INBS) is a medical technology company focused on intelligent, rapid, non-invasive testing solutions, with a primary emphasis on its Intelligent Fingerprinting Drug Screening System. The INBS news feed on Stock Titan aggregates company announcements, press releases and related coverage so readers can follow developments around its fingerprint-based drug screening platform, partnerships and capital markets activity.
Recent news highlights include record fiscal 2026 first quarter revenue driven by consumable cartridge sales, the addition of dozens of new customer accounts across more than 24 countries, and large deployments with organizations in sectors such as industrial services and public transport. Updates also cover the company’s razor–razor-blade business model, where installed readers support recurring cartridge revenue, and its efforts to expand adoption in safety-critical industries like construction, manufacturing and engineering, transport and logistics, mining and government administration.
INBS news items frequently address strategic partnerships and manufacturing, such as the collaboration with Syrma Johari MedTech Ltd to scale production of the Intelligent Fingerprinting Drug Screening Reader, and the alliance with Vlepis Pty Ltd to explore wearable patch technologies and consumer health monitoring. Additional coverage includes the distribution agreement for the SmarTest Patch, a 7–10 day continuous drug monitoring solution, and updates on regulatory pathways, including anticipated FDA 510(k) submissions.
Investors can also track capital structure and listing-related developments, including reverse stock split decisions, Nasdaq bid price deficiency notices and private placement financings with institutional investors. By reviewing the INBS news stream, readers gain context on how Intelligent Bio Solutions is executing its commercial strategy, expanding its customer base, managing manufacturing partnerships and addressing regulatory and listing requirements over time. Bookmark this page to quickly access the latest official communications and market-moving updates related to INBS.
Intelligent Bio Solutions Inc. (Nasdaq: INBS) has been granted its 13th patent in the UK for its Intelligent Fingerprinting Drug Screening System DSR-Plus Cartridge Reader. This patent enhances the protection of the company’s proprietary drug screening technology, focusing on its lateral flow test strip reading capability. The DSR-Plus reader enables fast and accurate drug testing using fingerprint sweat analysis, with results in under ten minutes. The portable unit is designed for resilience and improved battery life, making it suitable for various organizations. The technology aims to help employers deter workplace drug abuse, with applications in safety-critical industries including construction and logistics. CEO Harry Simeonidis highlighted the patent's importance in expanding their international business and strengthening their intellectual property portfolio.
Intelligent Bio Solutions Inc. (Nasdaq: INBS) has partnered with A & F Sprinklers, a UK fire protection specialist, to enhance its random drug testing capabilities using INBS’s Intelligent Fingerprinting Drug Screening System. This upgrade has nearly tripled the productivity of A & F Sprinklers' HR team in conducting drug screenings. The system analyzes fingerprint sweat for various drugs, providing quick results and promoting workplace safety. The portable unit allows for flexible testing across different locations, reinforcing health and safety policies. INBS aims to expand its non-invasive testing solutions across multiple industries.
Intelligent Bio Solutions Inc. (Nasdaq: INBS) has chosen Human and Supplement Testing Australia (HASTA) as its preferred lab for drug testing, focusing on the Intelligent Fingerprinting System that effectively detects drug use through fingerprint sweat. This system tests for four key substances, including opiates and THC, in under ten minutes. CEO Harry Simeonidis emphasized the significance of this partnership for expanding their testing service in Australia, supporting workplace safety. HASTA is recognized as Australia's largest independent sports drug testing lab, ensuring high-quality testing standards.
Intelligent Bio Solutions Inc. (Nasdaq: INBS) announced the closing of its public offering of 654,990 shares of common stock and warrants for 196,497 additional shares, priced at $3.90 per share. The offering generated approximately $2.55 million in gross proceeds after the underwriter's full exercise of its option for additional shares. The offering was conducted under a shelf registration statement effective since April 2022. This capital raise aims to support the company's development of non-invasive diagnostic testing solutions, particularly through its recent acquisition of Intelligent Fingerprinting Limited.
Intelligent Bio Solutions (Nasdaq: INBS) announced the pricing of a public offering of 569,560 shares and warrants for 170,868 shares at $3.90 per share, aiming for gross proceeds of approximately $2.2 million. The warrants are exercisable immediately at the same price and will expire in five years. The offering, managed by Ladenburg Thalmann, includes a 45-day option for the underwriter to purchase additional shares and warrants. The net proceeds are intended for working capital and corporate purposes. The offering is based on a shelf registration effective since April 2022.
Intelligent Bio Solutions Inc. (Nasdaq: INBS) announced an underwritten public offering of its common stock and warrants to purchase common stock. The offering is subject to market conditions, and there is no guarantee regarding its completion or the terms. Ladenburg Thalmann & Co. Inc. is the sole bookrunning manager for the offering. This offering is made under a shelf registration statement filed with the SEC, effective since April 20, 2022. A preliminary prospectus supplement will be available on the SEC's website. The press release clarifies that it does not constitute an offer to sell or purchase securities in jurisdictions where such offers would be unlawful.
Intelligent Bio Solutions Inc. (Nasdaq: INBS) announced it has regained compliance with Nasdaq Listing Rule 5450(a)(1) regarding the Minimum Bid Price Requirement. This follows a notification received on February 27, 2023, confirming compliance was re-established after maintaining a minimum bid price of $1.00 for at least 10 consecutive trading days, effective February 24, 2023. The Company had previously been notified on March 17, 2022, of non-compliance due to a failure to maintain the minimum bid price for 30 consecutive business days.
The matter is now considered closed by Nasdaq.
Intelligent Bio Solutions Inc. (Nasdaq: INBS) announced the filing of a 513(g) submission with the FDA for its Intelligent Fingerprinting Drug Screening Cartridge. This submission aims to identify the most suitable regulatory pathway as part of the company’s U.S. expansion strategy. The cartridge detects four drugs from fingerprint sweat in under ten minutes, emphasizing a quick and non-invasive testing process.
CEO Harry Simeonidis highlighted that this development is crucial in combating drug abuse and enhancing workplace safety.
Intelligent Bio Solutions reported robust financial results for the second quarter ended December 31, 2022, with total revenue and government support income exceeding 100% year-over-year. Government support income rose 52% to $269,625, mainly from qualifying expenditures for Milestone 7. The company completed Milestone 7, achieving a four-fold improvement in time-to-result for its biosensor platform. Cash and equivalents totaled $2.9 million, and net loss decreased to $0.42 million from $3.46 million in the prior year. Strategic partnerships were announced with companies like Boughey Distribution and Hozelock for implementing non-invasive drug testing solutions, indicating promising growth potential.
Intelligent Bio Solutions Inc. (Nasdaq: INBS) announced a 1-for-20 reverse stock split effective February 9, 2023. This decision, approved by stockholders on February 8, aims to boost the stock price to comply with Nasdaq's listing requirements. Post-split, every 20 shares will convert into one share, and the adjusted stock will trade under a new CUSIP number starting February 10. The reverse split will not change stockholder equity percentages, except for rounding up any fractional shares. Intelligent Bio Solutions develops non-invasive diagnostic tests, primarily benefiting industries requiring drug testing.