Edmonton, Alberta, May 13, 2025 – Innovotech Inc. (TSX-V: IOT) (“Innovotech” or the “Company”) reports record revenue of $1,158,185 for the period ending March 31, 2025. This surpassed the previous record revenue posted for Q4-2024 of $1,045,837, and the comparable Q1-2024 of $313,976. The strong growth is a result of increased contract research at subsidiary Innovotech Labs Corporation together with the consolidated revenues from Keystone Labs Inc. The accretive acquisition of Keystone Labs in Q4-2024 continues to contribute substantially to revenue growth, profitability and to building a strong management team.
The Company posted $63,523 net and comprehensive income for the period.
“Our team has managed the growth exceptionally well, continuing to deliver the quality outcomes that our clients expect and maintaining our research and development programs that will continue to drive the business forward,” said Craig Milne, CEO.
