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Invo Bioscience Inc (INVO)

Invo Bioscience Inc (INVO)
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INVO Bioscience is a medical device company, headquartered in Beverly, Massachusetts, focused on creating simplified, lower cost treatment options for patients diagnosed with infertility. It engages in the development and manufacture of its lead product, INVOcell, a novel medical device used in infertility treatment that enables egg fertilization and early embryo development in the woman's vaginal cavity. The company was founded by Claude Ranoux, MD, a noted expert in the field of reproductive health, infertility and embryology. INVO Bioscience focuses on selling its product to IVF centers and physicians through distributors, as well as directly to physicians in Europe, Canada, Latin America, and the Middle East.
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Sales 3,020 820 4,160 1,040 1,480
Sales Growth +268.29% -80.29% +300.00% -29.73% +202.04%
Net Income -8,030 -10,890 -6,650 -8,350 -2,170
Net Income Growth +26.26% -63.76% +20.36% -284.79% +29.55%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Total Assets 20,890 4,100 10,470 10,950 1,800
Total Assets Growth +409.51% -60.84% -4.38% +508.33% +130.77%
Total Liabilities 19,990 5,080 3,160 5,200 5,510
Total Liabilities Growth +293.50% +60.76% -39.23% -5.63% +57.43%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Operating Cash Flow -4,760 -6,600 -6,030 -4,780 1,370
Operating Cash Flow Growth +27.88% -9.45% -26.15% -448.90% +310.77%
Net Cash Flow 140 -5,590 -4,410 8,860 1,030
Change in Net Cash Flow +102.50% -26.76% -149.77% +760.19% +442.11%
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