Fortel Kidney Test
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Biomerica Reports First Quarter Fiscal 2026 Financial Results
Globenewswire· 2025-10-15 13:27
Core Insights - Biomerica, Inc. reported financial results for the first quarter ended August 31, 2025, highlighting a decrease in net sales but an improvement in gross profit due to a favorable product mix and higher-margin services [1][7][9] Financial Performance - Net sales for Q1 fiscal 2026 were $1.4 million, down from $1.8 million in Q1 fiscal 2025, attributed to reduced retail activity and international order timing, partially offset by increased sales of inFoods IBS products [7][10] - Gross margin improved to 31% from 16% year-over-year, driven by a higher-margin product mix [10] - Operating expenses decreased to $1.5 million from $1.7 million, reflecting ongoing cost discipline [8][10] - Operating loss improved to $1.1 million from $1.4 million, with a net profit of approximately $2,000 compared to a net loss of $1.3 million in the prior year [9][10] Product Developments - The inFoods IBS test received a Proprietary Laboratory Analysis (PLA) code, facilitating reimbursement claims for healthcare providers [2] - The UAE Ministry of Health approved the Fortel Ulcer Test and Fortel Kidney Test for home use, enhancing access to diagnostic tools for gastric diseases and kidney damage [3][4] - Biomerica launched the AI-backed inFoods IBS Trigger Food Navigator to support personalized dietary plans for IBS patients [5] Clinical Validation - A multicenter trial published in June 2025 demonstrated the effectiveness of the inFoods IBS test, with significant outcomes in symptom relief for IBS patients [12][14]
United Arab Emirates Ministry of Health and Prevention Approves Biomerica’s Fortel® Kidney Test for Home Use
Globenewswire· 2025-09-03 12:19
Core Insights - Biomerica, Inc. has received approval from the UAE Ministry of Health and Prevention for its Fortel Kidney Test for home use, enhancing access to early kidney damage detection tools in high-risk populations [1][4][6] - The Fortel Kidney Test is a rapid, 10-minute diagnostic tool that detects low levels of albumin in urine, a key early indicator of kidney disease, particularly beneficial for individuals with diabetes and hypertension [2][9] - The prevalence of diabetes and hypertension in the UAE is significant, with diabetes affecting approximately one in four nationals and hypertension prevalence around 31%, highlighting the need for early detection tools [3][9] Company Overview - Biomerica is a global biomedical technology company focused on developing advanced diagnostic and therapeutic products for point-of-care and clinical laboratory use, aiming to improve health outcomes while reducing healthcare costs [7] - The company has a growing presence in the Middle East, building on the success of its other diagnostic products, and plans to distribute the Fortel Kidney Test through pharmacies, clinics, and hospitals across the UAE [4][6] Industry Context - Chronic kidney disease (CKD) affects over 840 million people globally and is on the rise, necessitating effective early detection and intervention strategies [5] - The Fortel Kidney Test aligns with the urgent need for preventive healthcare solutions in regions with high rates of diabetes and hypertension, positioning Biomerica as a leader in preventive diagnostics [6]