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IBEX Technologies Inc V.IBT

IBEX Technologies Inc., through its wholly owned subsidiary, IBEX Pharmaceuticals Inc., manufactures and markets enzymes for biomedical use. IBEX Pharmaceutical Inc.’s primary business is the manufacture and selling of high purity enzymes for in-vitro diagnostics and research. The Company also makes and sell osteoarthritis kits (ELISA’s) for pre-clinical research. The Company has developed a proprietary expression for the production of its enzymes in Flavobacterium heparinum. This expression system allows for producing each glycosaminoglycan (GAG) enzyme separately from other enzymes therefore achieving the highest purity using a well-defined proprietary purification scheme. The Company operates in one industry segment: the production and sale of diagnostic products.


TSXV:IBT - Post by User

Post by guarantor1on Dec 15, 2020 9:41am
94 Views
Post# 32107757

Interesting stuff in Q1 MD&A and Interim Financial Statement

Interesting stuff in Q1 MD&A and Interim Financial StatementIbex hasn't put them up yet, on their website. But you can get them off of Sedar-
https://www.sedar.com/search/search_form_pc_en.htm

fwiw, a couple things that I found kind of interesting-
1. 54% gross margin, which I think is pretty good
2. An uptick in Arthritis Assay inventory (after being flat for several quarters), may be indicating that they are anticipating increased sales of these assays...which would be most welcomed !
3. R&D expense is still incredibly low, at $7k - I seem to recall that they were talking about bring in a new R&D guy by q4 . But it doesn't look like that has happened during q1, with the Expense being that low.
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