04:39 PM EDT, 03/22/2024 (MT Newswires) -- IBEX Technologies Inc. ( IBXNF ) Friday reported its financial results for the second quarter and the six months ended Jan. 31, 2024.

"We were pleased to see revenues continue to increase as Q2 revenues were up 12% versus a year ago and the six-month revenues up 15%. The increase in revenues can mainly be attributed to the strong performance of customers in the hemostasis market" said Paul Baehr, President & CEO, in a statement.

Net earnings were down due to the expenses associated with the proposed acquisition of IBEX by BBI Solutions OEM Limited (BBI).