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IMRN · NASDAQ · Biotechnology

Immuron (ADR) (IMRN)

Oral bovine-colostrum products for digestive health and travelers’ diarrhea.

$1.18
Pre-market0.00 (0.00%)
At close$1.18(+10.28%)
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Immuron LimitedIMRNHealth Care

Sells Travelan and related hyperimmune bovine-colostrum products through consumer-health channels, while seeking external partners for its clinical assets. Commercial sales are concentrated in Travelan and Australia, with manufacturing and research conducted through outside suppliers and collaborators.

Builds orally delivered hyperimmune bovine-colostrum products whose antibodies are formulated to remain active in the gastrointestinal tract. Travelan, its commercial core, is marketed for travelers’ diarrhea risk reduction and digestive-tract protection; Protectyn and ProIBS extend the Australian consumer portfolio. Sales flow through pharmacies, distributors, travel clinics, Amazon, and Walmart, mainly in Australia with a U.S. and Canadian presence.

Operates with a small workforce and outsourced manufacturing, while academic and U.S. Department of Defense collaborators support research. Its clinical assets are being offered for external development and commercialization partnerships, leaving future program funding and execution dependent on licensees and research partners. Travelan supplies nearly all customer revenue and has different regulatory status across Australia, Canada, and the United States.

Company facts

CEOSteven Lydeamore
ListedJun 13, 2017
ExchangeNASDAQ
HeadquartersCarlton South, Australia
CountryAustralia
Employees8
CIK0001660046
ISINUS45254U1016

Market cap$7.5M
EPS (ttm)−$0.3373
P/E (ttm)−3.47
ROE-31.9%
P/B1.09
P/S1.24
Dividend yieldDiv yield
Beta0.83vs XLV −0.04

No analyst consensus on record.

EPSReportedEstimate

Aug '24Sep '24Feb '25Mar '25Aug '25Feb '26Aug '26Aug '26
Reported−$0.57−$0.15−$0.27−$0.14−$0.31−$0.20$0.00−$0.17
Estimate−$0.01−$0.01−$0.01$0.00$0.00
Surprise−1,922.7%−2,219.5%−2,586.2%

RevenueReportedEstimate

Aug '24Sep '24Feb '25Mar '25Aug '25Feb '26Aug '26Aug '26
Reported$1.7M$1.4M$2.5M$985.8K$2.2M$3.0M$2.7M$2.5M
Estimate$1.7M$2.0M$2.9M$2.7M$2.7M
Surprise+48.3%+7.9%+3.1%0.0%−9.7%
Estimate$0.00
Reported−$0.17
Estimate$2.7M
Reported$2.5M−9.7%
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Debt to equity0.00%
Current ratio716.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue$914.8K$1.8M$1.4M$2.9M$1.2M$2.4M$3.0M$2.6M
Net income−$1.7M−$3.5M−$893.8K−$1.8M−$979.4K−$2.0M−$1.4M−$1.4M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q2 FY26Q4 FY26
Operating income−$1.4M−$2.7M−$911.8K−$1.8M−$1.0M−$2.0M−$1.6M−$1.8M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $6.5M · Total debt $0 · Total assets $9.3M · Shareholders' equity $7.9M

Revenue
$2.6M
Operating income
−$1.8M
Net income
−$1.4M

Reported in AUD, converted at the latest exchange rate

View details

No dividends on record.

Institutions7 holders · as of Mar 31, 20261.32%84.9K ADS
Insiders5 holders · as of May 14, 20262.42%156.3K ADS
Otherremainder96.26%6.20M ADS

6.45M ADS (1 ADS = 40 ordinary shares) as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

The share count is from the company's Jun 2025 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Steven George LydeamoreInsiderofficer: Chief Executive Officer
1.22%3.16M ordinaryForm 4filed Apr 29, 2026
Morgan StanleyInstitution
0.47%30,574 ADS13Fas of Mar 31, 2026
Flavio PalumboInsiderofficer: Chief Commercial Officer
0.44%1.14M ordinaryForm 4filed May 14, 2026
Ravi SavarirayanInsiderdirector
0.34%877,840 ordinaryForm 4filed Apr 29, 2026
Daniel Jude PollockInsiderdirector
0.29%743,230 ordinaryForm 4filed May 14, 2026
See all 14

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Procter & Gamble

    Pepto-Bismol is an OTC bismuth alternative for travelers' diarrhea.

  • Bausch Health

    XIFAXAN is a prescription rifaximin treatment for travelers' diarrhea.

  • Kenvue

    Imodium provides a global OTC loperamide alternative for diarrhea relief.

  • Acurx Pharmaceuticals

    Ibezapolstat targets treatment and recurrence prevention in C. difficile.

ComparePre-market

CompanyPriceChange
Immuron (ADR)$1.180.00%$7.5M1.2+14.9%
Procter & Gamble$147.66+0.01%$350.97B22.321.14.0+1.5%
Bausch Health$6.82−0.07%$2.55B1.50.2+11.2%
Kenvue$19.07−0.28%$36.73B22.016.02.4+3.0%
Acurx Pharmaceuticals$1.42−1.05%$6.1M
Median22.116.02.4+3.0%