09:54 AM EDT, 09/09/2024 (MT Newswires) -- Intelligent Bio Solutions ( INBS ) gained more than 60% in early trading Monday after the company said preliminary fiscal 2024 revenue more than doubled compared with the prior year to $3.1 million.

Net sales for the quarter ended June 30 were $0.7 million, increasing 64% year-over-year.

Analyst estimates were not available for comparison.

Intelligent Bio Solutions ( INBS ) cautioned the fiscal 2024 and Q4 revenue figures are preliminary and could change as it completes its year-end financial close process. The company expects to file its 10-K annual report detailing its complete fiscal 2024 financial performance next week, it said Monday.

Price: 2.73, Change: +1.15, Percent Change: +72.47