INVITRO INTL - IVRO STOCK NEWS

InVitro International (OTCQB: IVRO) has announced the engagement of Askew Kabala and Company, Inc. (AKC) as a consultant to support and advance the company's corporate growth plan. AKC will provide business advising, investment banking, management, and strategy services to IVRO. The consulting firm will offer executive and organizational support, including strategy refinement, planning, and operational review.

IVRO CEO W. Richard Ulmer expressed enthusiasm about the partnership, stating that the company is adapting well to post-Covid-19 and inflationary times by adding guidance from experienced professionals. The engagement with AKC comes in the final month of IVRO's Fiscal 2024 Year, signaling a strategic move to enhance the company's growth trajectory.

InVitro International (OTCQB: IVRO) reported its Q3 FY '24 financial results, showing a 16% decrease in sales to $167,850 compared to the same quarter last year. However, the company achieved a net income of $16,236, a significant improvement from the $13,162 loss in Q3 FY'23. For the first three quarters of FY'24, sales totaled $590,090, down 3% from FY'23, but year-to-date earnings surged to $81,582, a 272% increase from the prior year's losses. CEO W. Richard Ulmer highlighted the company's focus on maintaining profitability for the 19th consecutive year and pursuing growth through M&A financing and qualifying private laboratories. Ulmer also emphasized the promising future of non-animal testing in the industry.

InVitro International reported positive second quarter FY '24 results with sales of $210,615, up 5.8% from the same period in FY '23, and net income of $47,674. First half FY '24 sales increased 3.4% to $422,240, with a net income of $65,342 compared to losses in FY '23. The company is planning an uplisting to OTCQB to enhance visibility and credibility with potential M&A targets.

InVitro International (IVRO) reports a 1.1% increase in sales and a 157% rise in profits for the first Quarter FY '24 ending December 31, 2023. CEO W. Richard Ulmer aims for organic growth and M&A activities amidst economic challenges.

InVitro International (IVRO) Announces FY '23 Sales of $792,629 with 7% Decrease from FY '22

InVitro International (IVRO) reported a 16% decrease in third quarter sales for Fiscal 2023, totaling $199,855, but achieved a 58% improvement in net loss at $13,162 compared to the prior year. Year-to-date sales for FY '23 are down 10.8% at $608,195, with a net loss of $47,482, including merger-related costs. CEO W. Richard Ulmer highlighted the challenging economic conditions but expressed optimism due to smooth merger progress and potential legislative developments.

InVitro International (OTC PINK:IVRO) announced its pursuit of strategic partnerships through ongoing Letter of Intent discussions. While outcomes remain uncertain, this move aligns with the company’s goal to advance non-animal testing. Following a robust 3rd Quarter of FY 2021, sales surged by 51% compared to the 2nd Quarter, accompanied by a cash reserve increase to $1.3 million. The company specializes in non-animal testing methods, offering technologies with global reach.

InVitro International (OTC PINK:IVRO) reported Q3 FY 2021 revenues of $310,700, a 35% increase year-over-year, and net income of $87,644. Year-to-date net income is $97.7K, up 17% from last year. Cash reserves stand at approximately $1.3M, bolstered by PPP loans. The company aims to enhance its mission of promoting non-animal testing methods, aligning with growing public sentiment against animal testing, amid recent legislative changes in multiple U.S. states.