The massive EPS miss is largely non-cash (warrant remeasurement), but the widening adjusted EBITDA loss (-$1.26M vs -$0.61M) signals cash burn is accelerating despite revenue growth. With only $4.9M cash and a $3M market cap, monitor for further dilution or financing needs. The capital structure cleanup is positive but does not offset the deteriorating operating cash flow trajectory.
Price Chart
Executive Summary
INVO Fertility reported Q1 2026 revenue of $2.02M (+23% YoY) but a massive GAAP EPS miss of -$196.81 vs consensus -$10.00, driven by a $3.8M non-cash loss on warrant revaluation. The company eliminated all Series C-2 Preferred and warrant liabilities, strengthened cash to $4.9M, and grew clinic revenue 22%, but the adjusted EBITDA loss widened to -$1.26M from -$0.61M, reflecting elevated SG&A investment.
Key Financial Metrics
Key Facts
- Revenue $2,015,225 (+23% YoY from $1,637,185), driven by organic clinic growth and Family Beginnings acquisition
- GAAP EPS -$196.81 vs consensus -$10.00 (miss of -1868.1%) — largely due to $3.8M non-cash loss on warrant liability remeasurement
- Net loss from continuing operations -$5.5M vs -$1.5M YoY; adjusted EBITDA -$1.26M vs -$0.61M YoY
- Cash increased to $4.9M from $2.1M at Dec 2025; stockholders' equity +108% to $15.0M
- All Series C-2 Preferred and warrant liabilities eliminated; total liabilities down 26% to $9.6M
- Fully diluted share count ~4.85M shares (including warrants/options/convertible debt)
Financial Impact
GAAP EPS miss of -1868% vs consensus; revenue beat of +0.8% vs $2.0M estimate; adjusted EBITDA loss widened 108% YoY
Risk Factors
- Cash burn rate increasing — $4.9M cash may not sustain operations beyond 2-3 quarters at current burn
- Fully diluted share count of 4.85M implies massive potential dilution from current 1.79M shares outstanding
- Adjusted EBITDA loss widening despite revenue growth suggests scaling inefficiencies
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3315321 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | SC 13G/A | $0.7275 $0.5576 | ▲ +23.35% | ▲ +21.39% | $0.6221 (+14.49%) |
Aug 28, 2026 8w ago | 8-K | $1.00 $0.9850 | ▲ +1.50% | ▲ +1.61% | $0.6221 (+37.79%) |
Aug 17, 2026 10w ago | 8-K | $1.53 $1.03 | ▼ −32.68% | ▼ −31.49% | $0.6221 (−59.34%) |
Aug 17, 2026 10w ago | Press Release | $1.53 $1.03 | ▲ +32.68% | ▲ +31.49% | $0.6221 (+59.34%) |
Aug 5, 2026 11w ago | EFFECT | $1.08 $1.01 | ▲ +6.05% | ▲ +6.40% | $0.6221 (+42.13%) |
Jun 25, 2026 17w ago | 8-K | $2.45 $1.62 | ▼ −33.88% | ▼ −36.04% | $0.6221 (−74.61%) |
Jun 22, 2026 18w ago | Press Release | $1.39 $2.45 | ▼ −76.26% | ▼ −78.33% | $0.6221 (+55.24%) |
Jun 16, 2026 18w ago | 8-K | $1.59 $1.32 | ▼ −16.98% | ▼ −15.94% | $0.6221 (−60.87%) |
Jun 2, 2026 20w ago | Press Release | $1.70 $1.41 | ▲ +17.06% | ▲ +13.24% | $0.6221 (+63.41%) |
Jun 2, 2026 21w ago | 8-K | $1.52 $1.40 | ▼ −7.89% | ▼ −4.93% | $0.6221 (−59.07%) |
US Market Status
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