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Immuron Q3 FY23 Business Update Presentation

Key Takeaway: Immuron Limited has provided a business update for Q3 FY23, reporting worldwide sales of A$320,000 for the first two weeks of April 2023. This sales figure contributes to a total revenue of A$875,000 for the entire quarter. The year-to-date sales have shown a remarkable increase of 233% compared to the same period last year, amounting to A$1,779,000. The company is inviting investors to join a webcast hosted by CEO Steven Lydeamore to discuss these updates further.

Market Sentiment Analysis

POSITIVE FACTORS

  • Significant increase in YTD sales by 233% compared to the prior year.
  • Q3 FY23 sales reached A$875,000, indicating healthy growth.
  • The company is actively engaging with investors through a webinar.

Full Press Release Details

MELBOURNE, Australia, April 19, 2023 (GLOBE NEWSWIRE) -- Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian based and globally integrated biopharmaceutical company that has developed two commercially available oral immunotherapeutic products for the treatment of gut mediated diseases, is pleased to provide the Q3 FY23 Investor Presentation for the business update webinar to be held today at 11:00 am (AEST).
The Investor Presentation includes the following material information (unaudited):
Worldwide sales for the two weeks 1 to 14 April 2023 were A$320,000.
This represents 37% of sales for the whole of Q3 FY23 of A$875,000.
Sales FY23 YTD to 14 April 2023 of A$1,779,000 represents a 233% increase over the corresponding prior period YTD to 14 April 2022 of $534,000.
Investors are invited to join the webcast and Q&A hosted by Immuron CEO Steven Lydeamore.
To register for the webinar, please click on this link:
After registering, you will receive a confirmation email containing information to join the webinar.
A copy of the presentation slide deck is available on the Company’s website.
Approved for release by the CEO.
Chief Executive Officer
Ph: +61 (0)3 9824 5254
Immuron Limited (ASX: IMC, NASDAQ: IMRN), is an Australian biopharmaceutical company focused on developing and commercializing orally delivered targeted polyclonal antibodies for the treatment of inflammatory mediated and infectious diseases.
For more information visit: http://www.immuron.com

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Frequently Asked Questions

What is Immuron Limited?

Immuron Limited is an Australian biopharmaceutical company focused on oral immunotherapeutic products.

What are Immuron's recent sales figures?

Sales from 1 to 14 April 2023 reached A$320,000, or 37% of Q3 FY23.

How much have sales increased this year?

FY23 sales YTD totaled A$1,779,000, marking a 233% increase from last year.

When is the investor webinar scheduled?

The investor webinar is scheduled for today at 11:00 am AEST.

Where can I find the presentation slide deck?

The presentation slide deck is available on Immuron's official website.

Last updated: Apr 19, 2023