First Defense

Search documents
ImmuCell Announces Preliminary, Unaudited Sales Results for Q2 of 2025
Globenewswire· 2025-07-09 12:00
The Company is planning to host a conference call on Friday, August 15, 2025, at 9:00 AM ET to discuss the unaudited financial results for the quarter ended June 30, 2025. Interested parties can access the conference call by dialing (844) 855-9502 (toll free) or (412) 317-5499 (international) at 9:00 AM ET. A teleconference replay of the call will be available until August 22, 2025, at (877) 344-7529 (toll free) or (412) 317-0088 (international), utilizing replay access code #5659118. Investors are encourag ...
ImmuCell Embarks on CEO Succession Planning Process
GlobeNewswire News Room· 2025-06-25 12:00
PORTLAND, Maine, June 25, 2025 (GLOBE NEWSWIRE) -- ImmuCell Corporation (Nasdaq: ICCC) ("ImmuCell" or the "Company"), a growing animal health company that develops, manufactures and markets scientifically proven and practical products that improve the health and productivity of dairy and beef cattle, today announced that it has commenced a search for a successor in the position of President and CEO. "I turn 65 this fall and have told my fellow Directors that I would like to retire from full-time work by ear ...
ImmuCell (ICCC) 2025 Conference Transcript
2025-05-29 14:30
Summary of ImmuCell Corporation Conference Call Company Overview - **Company**: ImmuCell Corporation (Ticker: ICCC) - **Industry**: Animal Health, specifically focusing on products that reduce antibiotic use in livestock [1][2] Core Products and Market Position - **First Defense**: A USDA licensed product aimed at providing immediate immunity to newborn calves, reducing the need for traditional antibiotics [3][5][17] - **Retain**: A novel alternative to traditional antibiotics for treating mastitis, currently in the investigational phase due to FDA approval delays [6][38] - **Market Dynamics**: The company positions itself against competitors by emphasizing immediate immunity rather than delayed responses typical of vaccines [17][19] Sales and Financial Performance - **Historical Growth**: From 2011 to 2018, the company experienced an 11.6% CAGR, which accelerated to 15.8% CAGR from 2018 to 2024 following the launch of Tri Shield [12][14] - **Recent Sales Data**: Q1 2024 revenue was $8.1 million, with trailing twelve-month growth reaching $27.3 million, indicating strong recovery from previous production issues [14][15] - **Production Capacity**: The company has successfully doubled its production capacity to over $30 million annually and has been operating without contamination issues since April 2024 [16][15] Operational Challenges and Strategies - **Contamination Issues**: The company faced contamination problems during capacity expansion in late 2022 and throughout 2023, which limited supply [15][16] - **Backlog Management**: The backlog of orders was reduced from over $4 million to just over $3 million, with expectations to clear it in the upcoming quarters [27][28] - **Capital Expenditures**: Plans to increase production capacity from 30 million to 40 million annually, requiring approximately $3 million in capital expenditures [29][30] Product Development and Future Outlook - **First Defense Product Suite**: The product line has evolved since its initial approval in 1991, with the introduction of new formulations to enhance efficacy [34][35] - **Retain Investigational Use**: The company is initiating investigational use of Retain to gather field data, which is crucial for future strategic decisions [39][40] - **Gross Margin Improvement**: Gross margins improved from 22% during contamination issues to 42% in Q1 2025, with a target of reaching 45% [42][45] Strategic Financial Tools - **At-the-Market (ATM) Offering**: The company has utilized the ATM offering judiciously, with significant activity in 2024 but minimal in 2025, allowing for flexibility in financing [31][33] Conclusion - **Optimistic Outlook**: The management expresses optimism for the latter half of 2025, focusing on growth in First Defense and resolving strategic options for Retain [45]
ImmuCell Reports Y/Y Q1 Earnings Growth on Record Sales & Margin Gains
ZACKS· 2025-05-19 16:41
Shares of ImmuCell Corporation (ICCC) have gained 3.9% since reporting results for the first quarter of 2025. This compares with the S&P 500 index’s 5.5% rise over the same time frame. Over the past month, the stock has jumped 11.2% against the S&P 500’s 13.5% rally.Revenue & Earnings SurgeImmuCell posted a strong financial performance for the first quarter of 2025, delivering a record $8.1 million in product sales, up 11% from $7.3 million in the prior-year period. The rise marked a continuation of momentu ...
ImmuCell(ICCC) - 2025 Q1 - Earnings Call Transcript
2025-05-15 14:02
ImmuCell (ICCC) Q1 2025 Earnings Call May 15, 2025 09:00 AM ET Company Participants Joe Diaz - Managing PartnerMichael Brigham - President, CEO & DirectorTimothy Fiori - CFOGeorge Melas-Kyriazi - PresidentRussell Tolander - Managing Director Conference Call Participants None - Analyst Operator Good morning, and welcome to the Innucel Corporation report First Quarter Ended 03/31/2025 Audited Financial Results Conference Call. All participants will be in listen only mode. After today's presentation, there wil ...
ImmuCell(ICCC) - 2025 Q1 - Earnings Call Transcript
2025-05-15 14:00
ImmuCell (ICCC) Q1 2025 Earnings Call May 15, 2025 09:00 AM ET Speaker0 Good morning, and welcome to the Innucel Corporation report First Quarter Ended 03/31/2025 Audited Financial Results Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference call over to Joe Diaz of Lytham Partners. Please go ahead. Speaker1 Thank you, Vicky. Good morning, and ...
ImmuCell(ICCC) - 2025 Q1 - Earnings Call Presentation
2025-05-14 21:24
Cautionary Note Regarding Forward-Looking Statements (Safe Harbor Statement): This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and will often include words such as "expects", "may", "anticipates", "aims", "intends", "would", "could", "should", "will", "plans", "believes", "estimates", "targets", ...
ImmuCell Announces Unaudited Financial Results for the Quarter Ended March 31, 2025
Globenewswire· 2025-05-14 20:05
PORTLAND, Maine, May 14, 2025 (GLOBE NEWSWIRE) -- ImmuCell Corporation (Nasdaq: ICCC) (“ImmuCell” or the “Company”), a growing animal health company that develops, manufactures and markets scientifically proven and practical products that improve the health and productivity of dairy and beef cattle, today announced its unaudited financial results for the quarter ended March 31, 2025. Product Sales Highlights: Product sales during the first quarter of 2025 increased by 11% to approximately $8.1 million compa ...
ImmuCell to Announce Unaudited Financial Results for the Quarter Ended March 31, 2025
Globenewswire· 2025-05-12 12:42
Conference Call Scheduled for Thursday, May 15, 2025 at 9:00 AM ETPORTLAND, Maine, May 12, 2025 (GLOBE NEWSWIRE) -- ImmuCell Corporation (Nasdaq: ICCC) (“ImmuCell” or the “Company”), a growing animal health company that develops, manufactures and markets scientifically proven and practical products that improve the health and productivity of dairy and beef cattle, expects to report unaudited financial results for the quarter ended March 31, 2025 after the market closes on Wednesday, May 14, 2025. The Compan ...
ImmuCell Hires Chief Financial Officer
Newsfilter· 2025-04-07 13:00
Core Viewpoint - ImmuCell Corporation has appointed Timothy C. Fiori as Chief Financial Officer, bringing significant experience to the company during a crucial phase of its development [1][2][3]. Company Overview - ImmuCell Corporation focuses on developing, manufacturing, and marketing products that enhance the health and productivity of dairy and beef cattle [4]. - The company offers First Defense®, which provides Immediate Immunity™ to newborn calves, and is nearing the completion of Re-Tain®, a treatment for subclinical mastitis in dairy cows that avoids traditional antibiotic restrictions [4]. Leadership Changes - Timothy C. Fiori has approximately 24 years of finance and commercial operating experience from IDEXX Laboratories [2]. - Fiori expressed enthusiasm about joining ImmuCell and contributing to the company's growth, highlighting the potential of its product portfolio [3]. - Michael F. Brigham, President and CEO, emphasized that Fiori's experience will be instrumental in improving financial systems and operational efficiencies [3].