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ImmuCell (ICCC) Q1 2026 sales jump 28.4% on Tri-Shield strength

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(High)
Filing Sentiment
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Form Type
8-K

Rhea-AI Filing Summary

ImmuCell Corporation reported strong preliminary sales growth for the first quarter of 2026. Total product sales for the three months ended March 31, 2026 were $10.4 million, up from $8.1 million a year earlier, a 28.4% increase. Growth was driven mainly by Tri-Shield® First Defense®, which generated $7.9 million in sales, a 38.5% increase compared to the prior-year period.

Domestic sales were $9.7 million, up 35.7%, while international sales declined to $0.6 million, down 30.2%. Management cited strong seasonal demand from the cow-calf segment and improved inventory and manufacturing strategies, while noting that previous backlogs still complicate growth comparisons.

Positive

  • Q1 2026 sales growth: Total product sales reached $10.4 million for the quarter ended March 31, 2026, a 28.4% year-over-year increase from $8.1 million, indicating strong top-line momentum.
  • Tri-Shield First Defense® performance: Sales of Tri-Shield First Defense® were $7.9 million, up 38.5% from $5.7 million, showing robust demand for the company’s primary product line.

Negative

  • International sales decline: International product sales were $0.6 million for the quarter, down 30.2% from $0.9 million, highlighting weakness outside the domestic market.

Insights

ImmuCell posts strong Q1 2026 sales growth led by Tri-Shield.

ImmuCell delivered preliminary Q1 2026 product sales of $10.4 million, up 28.4% year over year. The core Tri-Shield First Defense® line contributed $7.9 million, growing 38.5%, highlighting strong demand in its target scours prevention market.

Domestic sales rose 35.7% to $9.7 million, while international sales fell 30.2% to $0.6 million, suggesting growth is currently concentrated in U.S. markets. Management linked the performance to seasonal cow-calf demand and improved inventory and manufacturing strategies.

The company plans a conference call on May 15, 2026 to discuss full unaudited quarterly financials, which may clarify sustainability of growth and the impact of prior backlogs mentioned by management in the release.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Total product sales Q1 2026 $10.4 million Three-month period ended March 31, 2026
Total product sales Q1 2025 $8.1 million Three-month period ended March 31, 2025
Total sales increase $2.3 million (28.4%) Q1 2026 vs Q1 2025
Domestic sales Q1 2026 $9.7 million Up 35.7% vs Q1 2025
International sales Q1 2026 $0.6 million Down 30.2% vs Q1 2025
Tri-Shield First Defense sales Q1 2026 $7.9 million Up 38.5% vs Q1 2025
Dual-Force and other sales Q1 2026 $2.5 million Up 4.4% vs Q1 2025
Conference call date May 15, 2026, 9:00 AM ET Planned call to discuss unaudited Q1 2026 results
preliminary, unaudited sales results financial
"today announced preliminary, unaudited sales results for the first quarter of 2026"
Tri-Shield First Defense® financial
"Growth was driven by our Tri-Shield® product and our strategy of focusing on First Defense®"
cow-calf segment financial
"First quarter results were driven by seasonal demand from the cow-calf segment that is typically less price sensitive"
scours technical
"gains in scours solutions, and our team was well-prepared to meet demand during our peak season"
forward-looking statements regulatory
"This Press Release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
production backlogs financial
"our previous backorder situation continues to create challenges with predicting and explaining growth rates in 2026"
Total product sales $10.4 million +28.4% YoY
Domestic sales $9.7 million +35.7% YoY
International sales $0.6 million -30.2% YoY
Tri-Shield First Defense sales $7.9 million +38.5% YoY
false 0000811641 0000811641 2026-04-08 2026-04-08
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) April 8, 2026
 
 
ImmuCell Corporation
(Exact name of registrant as specified in its charter)
 
 
DE
 
001-12934
 
01-0382980
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
56 Evergreen Drive Portland, Maine
 
04103
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code 207-878-2770
 
 
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
 
 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
Securities registered pursuant to Section 12(b) of the Act:
 
 
Title of each class
 
Trading symbol(s)
 
Name of each exchange on which registered
Common Stock, $0.10 par value per share
 
ICCC
 
The Nasdaq Capital Market
 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
 
Emerging growth company
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 

Item 2.02.             Results of Operations and Financial Condition. 
 
On April 8, 2026 ImmuCell Corporation (the "Company") issued a press release announcing a 28.4% increase in product sales in Q1 of 2026 as compared to Q1 of 2025, based on preliminary, unaudited sales results for the quarter ended March 31, 2026. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K.
 
The information shall not be deemed "filed" for purposed of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liabilities of that section, not shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, execpt as expressly set forth by specific reference in such filing.
 
 
Item 9.01.  Financial Statements and Exhibits.
 
(d)          Exhibits.
 
99.1 Press Release of the Company dated April 8, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 

SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
Date: April 8, 2026
IMMUCELL CORPORATION
     
     
 
By:
/s/ Timothy C. Fiori
   
Timothy C. Fiori
   
Chief Financial Officer
 
 

Exhibit Index
 
Exhibit No. Description
99.1 99.1 Press Release of the Company dated April 8, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
 
 

ImmuCell


 

 

 

                  

ImmuCell Announces a 28.4% Increase in Product Sales in Q1 of 2026, based on Preliminary, Unaudited Sales Results

 

For Immediate Release

 

PORTLAND, Maine – April 8, 2026 ImmuCell Corporation (Nasdaq: ICCC) (“ImmuCell” or the “Company”), an animal health biologics company that develops, manufactures and markets products to improve calf health and productivity, today announced preliminary, unaudited sales results for the first quarter of 2026.

 

Total sales for the three-month period ended March 31, 2026 were $10.4 million, a 28.4% increase compared to the three-month period ended March 31, 2025. For the three-month period ended March 31:

 

 

Domestic sales were $9.7 million in 2026, a 35.7% increase compared to 2025

 

 

International sales were $0.6 million in 2026, a 30.2% decline compared to 2025

 

 

Tri-Shield® sales were $7.9 million in 2026, a 38.5% increase compared to 2025

 

 

Dual Force® & Other sales were $2.5 million in 2026, a 4.4% increase compared to 2025

 

“We had outstanding first quarter sales performance driven by our Tri-Shield® product,” commented Olivier te Boekhorst, President and CEO. “This gives us confidence that our strategy of focusing on First Defense® is working. We entered the year targeting growth and market share gains in scours solutions, and our team was well-prepared to meet demand during our peak season with new inventory and manufacturing strategies in place.” 

 

“First quarter results were driven by seasonal demand from the cow-calf segment that is typically less price sensitive and seeks the broadest protection. This plays to the strengths of Tri-Shield® and explains why November through February is our peak selling season,” explained Timothy C. Fiori, Chief Financial Officer of ImmuCell. “Our previous backorder situation continues to create challenges with predicting and explaining growth rates in 2026, however this quarter’s results indicate we are on the right track operationally.”

 

Bobbi Jo Brockmann, Senior Vice President, Sales and Marketing of ImmuCell explained, “As we move into the second and third quarters, demand shifts toward our year-round dairy customers. We are focused on new customer acquisition within that segment, supported by the expansion of our commercial team. We are pleased to announce we have hired a leader for our international commercial efforts and two domestic field sales managers to support our growth.”

 

Preliminary, Unaudited Sales Results

During the Three-Month Periods Ended March 31,

2026

2025

$ Increase

($ Decrease)

% Increase (% Decrease)

         

Total Product Sales

$10.4 million

$8.1 million

$2.3 million

28.4%

         

Domestic Sales

$9.7 million

$7.2 million

$2.6 million

35.7%

International Sales

$0.6 million

$0.9 million

($0.3 million)

(30.2%)

         

Tri-Shield First Defense® Sales

$7.9 million

$5.7 million

$2.2 million

38.5%

Dual-Force® and Other Sales

$2.5 million

$2.4 million

$0.1 million

4.4%

 

Conference Call:

The Company is planning to host a conference call on Friday, May 15, 2026 at 9:00 AM ET to discuss the unaudited financial results for the quarter ended March 31, 2026. Interested parties can access the conference call by dialing (844) 855-9502 (toll free) or (412) 317-5499 (international) at 9:00 AM ET. A teleconference replay of the call will be available until May 22, 2026 at (855) 669-9658 (toll free) or (412) 317-0088 (international), utilizing replay access code #9452004.

 

About ImmuCell:
ImmuCell Corporation (Nasdaq: ICCC) is an animal health biologics company serving the dairy and beef industries with practical, science-based solutions that improve the survivability, health, and long-term performance of dairy and beef calves. The Company’s primary product line, First Defense®, provides Immediate Immunity™ through colostrum-derived, orally delivered antibodies against the principal viral and bacterial causes of scours, one of the most prevalent and deadly diseases in neonatal calves worldwide. Press releases and other information about the Company are available at http://www.immucell.com.

 

Cautionary Note Regarding Forward-Looking Statements (Safe Harbor Statement):

This Press Release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and will often include words such as “expects”, “may”, “anticipates”, “aims”, “intends”, “would”, “could”, “should”, “will”, “plans”, “believes”, “estimates”, “targets”, “projects”, “forecasts”, “seeks” and similar words and expressions. Such statements include, but are not limited to, any forward-looking statements relating to: our plans, goals and strategies for our business; projections of future financial or operational performance; future demand for our products, including the First Defense® product line; future effects from our prior recovery from production backlogs; future consequences and effectiveness of our investments in our business, including the hiring of new sales personnel; and any other statements that are not historical facts. These statements are intended to provide management’s current expectation of future events as of the date of this press release, are based on management’s estimates, projections, beliefs and assumptions as of the date hereof; and are not guarantees of future performance. Such statements involve known and unknown risks and uncertainties that may cause the Company’s actual results, financial or operational performance or achievements to be materially different from those expressed or implied by these forward-looking statements, including, but not limited to, those risks and uncertainties relating to: competition within our anticipated product markets, customer acceptance of our new and existing products, uncertainty associated with the timing and volume of customer orders as we come out of a prolonged backlog, commercial and operational risks relating to our current and planned expansion of production capacity, and other risks and uncertainties detailed from time to time in filings we make with the Securities and Exchange Commission (SEC), including our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K and our Current Reports on Form 8-K. Such statements involve risks and uncertainties and are based on our current expectations, but actual results may differ materially due to various factors, including the risk factors summarized under PART II: OTHER INFORMATION, ITEM 1A-RISK FACTORS and uncertainties otherwise referred to in the Annual Report. In addition, there can be no assurance that future risks, uncertainties or developments affecting us will be those that we anticipate. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

Contacts:

 

Olivier te Boekhorst, President and CEO
Timothy C. Fiori, Chief Financial Officer
ImmuCell Corporation
investor.relations@immucell.com

 

Joe Diaz, Robert Blum and Joe Dorame
Lytham Partners, LLC
iccc@lythampartners.com

 

 

FAQ

How much did ImmuCell (ICCC) sales grow in Q1 2026?

ImmuCell’s preliminary product sales for Q1 2026 were $10.4 million, a 28.4% increase versus $8.1 million in Q1 2025. This growth was mainly driven by higher demand for Tri-Shield First Defense® in the cow-calf segment.

What were ImmuCell (ICCC) domestic and international sales in Q1 2026?

Domestic sales in Q1 2026 were $9.7 million, up 35.7% from $7.2 million a year earlier. International sales were $0.6 million, down 30.2% from $0.9 million, showing strength in the U.S. but softer performance abroad.

How did Tri-Shield First Defense® perform for ImmuCell (ICCC) in Q1 2026?

Tri-Shield First Defense® generated $7.9 million of sales in Q1 2026, a 38.5% increase from $5.7 million in Q1 2025. Management highlighted strong seasonal demand from the cow-calf segment seeking broad scours protection.

What are ImmuCell (ICCC) Dual-Force and other product sales for Q1 2026?

Dual-Force® and other product sales totaled $2.5 million in Q1 2026, up 4.4% from $2.4 million in Q1 2025. This indicates modest growth outside the company’s primary Tri-Shield First Defense® product line during the quarter.

When will ImmuCell (ICCC) discuss full Q1 2026 financial results?

ImmuCell plans to host a conference call on May 15, 2026 at 9:00 AM ET to discuss unaudited financial results for the quarter ended March 31, 2026. Investors can access the call using the domestic or international dial-in numbers provided.

What factors drove ImmuCell’s Q1 2026 sales performance?

Management cited seasonal demand from the cow-calf segment, focus on the First Defense® strategy, and improved inventory and manufacturing strategies as key drivers. They also noted that prior backlogs still affect how growth rates are interpreted in 2026.

Filing Exhibits & Attachments

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