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Intelligent Bio Solutions Inc. and its wholly owned Delaware subsidiary, GBS Operations Inc., were each formed on December 5, 2016, under the laws of the state of Delaware. The Company s Australian subsidiary, Intelligent Bio Solutions (APAC) Pty Ltd, was formed on August 4, 2016, under the laws of New South Wales, Australia and was renamed to Intelligent Bio Solutions (APAC) Pty Ltd on January…
The business is unprofitable at the operating level (-348.71% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 1.9% YoY. Margins deteriorated 18.3pp alongside, both lines moving the wrong way.
ROIC dropped from -116.61% to -134.78%, capital efficiency is deteriorating. Negative free cash flow of -$10M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$3M
▼ -1.9% YoY
Net Income (TTM)
-$12M
▼ -4.1% YoY
Op. Margin
-335.52%
▼ -18.3pp YoY
ROIC
-112.92%
▼ -18.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$11M
▼ -1.2% YoY
Op. Cash Flow (TTM)
-$11M
▼ -1.1% YoY
Net Debt
-$5M
Net Cash Position
Cash & Equiv.
$7M
5Y CAGR: +74.5%
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