Intelligent Bio Solutions rise on record cartridge sales

* Intelligent Bio Solutions reports record monthly cartridge sales for July.
* Shipped 519 boxes, representing around 12500 cartridges, and a 60% year-on-year.
* A recent significant tender win has secured a multi-site, high-volume contract in the transportation sector, and the continued expansion of the installed base has directly increased ongoing demand for consumables.
* "July's record cartridge sales show the strength of our razor/razor blade business model and the momentum generated by major contract wins," said CEO Simeonidis, in a statement
* INBS is +2.0% to $1.53
* Source: Press Release [https://seekingalpha.com/pr/20204932-intelligent-bio-solutions-achieves-record-monthly-sales-of-12500-plus-units-of-higher-margin]

MORE ON INTELLIGENT BIO SOLUTIONS

* Intelligent Bio Solutions secures drug testing tender with a London transport operator [https://seekingalpha.com/news/4474266-intelligent-bio-solutions-secures-drug-testing-tender-with-a-london-transport-operator]
* Financial information for Intelligent Bio Solutions [https://seekingalpha.com/symbol/INBS/income-statement]