INEO Achieves 50% Growth with Record Quarterly Revenue in Fiscal Second Quarter
INEO achieved 50% increase in year-over-year revenue and 92% increase in gross profit in fiscal second quarter 2023.
- INEO achieved 50% increase in year-over-year revenue and 92% increase in gross profit in fiscal second quarter 2023.
- "We are very pleased with our fiscal second quarter results in which INEO reported a 50% increase in revenue and a 92% increase in gross profit," said Greg Watkin, Chairman and Founder of INEO.
- Fiscal Second Quarter 2023 Financial Highlights:
INEO generated $386,425 of revenue for the three months ended December 31, 2022, representing an increase of 50% as compared to revenue of $256,987 for the three months ended December 31, 2021. - Fiscal Second Quarter 2023 Business Highlights:
On October 19, 2022, INEO filed for a design patent in Canada for its INEO Welcoming Gate system, a companion system to the INEO Welcoming Pedestal.