Immucell Corp income statement
In fiscal 2025, Immucell Corp reported revenue of $27.6m, up 4.3% on the year before, operating income of $1.6m (a 6.0% margin) and net income of −$1.0m, or −$0.12 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 4 | 5 | 5 | 6 | 8 | 10 | 10 | 10 | 11 | 14 | 15 | 19 | 19 | 17 | 26 | 28 | 31 |
| Cost of revenue | — | — | — | — | — | — | — | — | 5 | 6 | 7 | 8 | 11 | 11 | 14 | 19 | 16 | 18 |
| Gross profit | 2 | 2 | 3 | 3 | 3 | 4 | 6 | 5 | 5 | 5 | 7 | 7 | 9 | 8 | 4 | 8 | 11 | 12 |
| Research and development | 2 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 2 |
| Selling and marketing | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 |
| General and administrative | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 |
| Operating income | −1 | −1 | −1 | 0 | −0 | −0 | 2 | 1 | −0 | −1 | −1 | −1 | 0 | −2 | −6 | −2 | 2 | 4 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 1 | 0 | 0 |
| Income before tax | −0 | −1 | −1 | 0 | 0 | −0 | 2 | 1 | −0 | −2 | −1 | −1 | −0 | −2 | −6 | −2 | −1 | 1 |
| Income tax | −0 | −0 | −0 | 0 | 0 | −0 | 1 | 0 | −0 | 0 | 0 | −0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −0 | −0 | −0 | 0 | 0 | −0 | 1 | 1 | −0 | −2 | −1 | −1 | −0 | −2 | −6 | −2 | −1 | 1 |
| Diluted EPS | −$0.07 | −$0.13 | −$0.14 | $0.03 | $0.04 | −$0.06 | $0.38 | $0.12 | −$0.03 | −$0.42 | −$0.19 | −$0.14 | −$0.01 | −$0.32 | −$0.75 | −$0.26 | −$0.12 | $0.09 |
| Diluted shares (average) | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 4m | 5m | 5m | 7m | 7m | 8m | 8m | 8m | 8m | 9m | 9m |
| EBITDA | −0 | −0 | −0 | 1 | 0 | 0 | 3 | 2 | 1 | 0 | 1 | 1 | 3 | 0 | −3 | 1 | 4 | 6 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 8 | 8 | 6 | 6 | 8 | 10 | 7 |
| Cost of revenue | 4 | 5 | 5 | 4 | 3 | 5 | 6 | 5 |
| Gross profit | 2 | 3 | 3 | 3 | 2 | 3 | 5 | 2 |
| Research and development | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Selling and marketing | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| General and administrative | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Operating income | −1 | 1 | 1 | 1 | 0 | −0 | 2 | 2 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −1 | 1 | 1 | 1 | −0 | −3 | 2 | 2 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −1 | 1 | 1 | 1 | −0 | −3 | 2 | 2 |
| Diluted EPS | −$0.09 | $0.08 | $0.16 | $0.06 | −$0.02 | −$0.32 | $0.21 | $0.20 |
| EBITDA | 0 | 1 | 2 | 1 | 1 | 1 | 3 | 2 |
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