ImmuCell Corporation Q2 2025 Earnings Call Transcript: A Financial Analysis

ImmuCell Corporation (ICCC) reported Q2 2025 earnings, with President and CEO Michael F. Brigham and CFO Timothy C. Fiori discussing the results. The company's unaudited financial results for the second quarter ended June 30, 2025, will be discussed during the conference call.

ImmuCell Corporation (ICCC) held its second quarter 2025 earnings conference call on August 15, 2025, with President and CEO Michael F. Brigham and CFO Timothy C. Fiori providing insights into the company's financial performance. The unaudited financial results for the quarter ended June 30, 2025, were discussed during the call.

Michael Brigham highlighted the company's ongoing transition, noting that the investment to increase production capacity for the First Defense product line was completed despite initial delays. He also mentioned that the company is initiating investigational product use studies for Re-Tain, aiming to gather market acceptance data and inform future strategic options.

Timothy C. Fiori presented the financial highlights, noting that product sales increased by 18% during the second quarter of 2025 compared to the same period in 2024. The first half of 2025 saw an overall increase of 14% in product sales over the first half of 2024. Over the trailing 12-month period, sales increased by 22%. Gross margin improved significantly, reaching 44% in the second quarter of 2025, up from 22% in the same period of 2024. The company also reported strong adjusted EBITDA results, with a figure of $1.4 million for the 3-month period, $3.7 million for the 6-month period, and $5.3 million for the 12-month period. These results compare favorably to the corresponding periods in 2024.

The company's cash position also improved, with $6 million as of June 30, 2025, compared to $3.8 million as of December 31, 2024. Additionally, ImmuCell Corporation announced the refinancing of a portion of its bank debt, reducing interest rates and avoiding large balloon payments.

Michael Brigham emphasized the company's focus on the commercial opportunity with First Defense and the suite of related products it now offers. He also noted the importance of regaining customers lost during the period of short product supply and capturing increased market share.

The earnings call provided a comprehensive overview of ImmuCell Corporation's financial performance and strategic plans, offering investors a clear picture of the company's progress and future outlook.

References:

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