Folks, Here are five reasons why Intelligent Bio Solutions (INBS) is worth keeping an eye on.
1. Faster and Cheaper Testing: The fingerprint system delivers results in under 10 minutes at approximately $5,500 annually compared to $7,600 for saliva and $7,750 for urine testing, offering meaningful cost savings for employers conducting regular screening.
2. Growing Global Customer Base: The company has established commercial traction with 480+ active customer accounts across 27 countries and more than 1,700 readers installed, demonstrating real-world adoption of its technology.
3. Large and Expanding Market: The global drug screening market is projected to grow from $12.6 billion in 2024 to $31.8 billion by 2030, representing a 16.7% compound annual growth rate driven by stricter workplace safety regulations.
4. Razorblade Revenue Model: Similar to printers and ink cartridges, the company sells readers upfront and generates recurring revenue from consumable test cartridges, creating predictable ongoing income as the installed base grows.
5. U.S. Market Entry Catalyst: The company is preparing for FDA clearance to expand beyond Forensic Use Only settings into the broader multi-billion dollar U.S. drug screening market.
Anyways...
That's all for now!
Until Next Time, -ZT Team | 
Tidak ada komentar:
Posting Komentar