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SAN DIEGO - Ainos, Inc. (NASDAQ:AIMD) reported its first revenue from AI Nose technology deployments in Japan’s senior care sector, with Q1 revenue increasing 412% year-over-year, according to a press release statement issued Monday. The company, currently valued at $10.56 million, has shown promising revenue growth despite challenging market conditions that have led to a -42.73% stock return over the past year. InvestingPro analysis indicates the stock is currently trading below its Fair Value.
The company received regulatory approval in Taiwan to begin human clinical trials for its VELDONA oral interferon treatment targeting HIV-related oral warts and primary Sjögren’s syndrome. Patient enrollment is expected to begin in the second half of 2025.
Ainos has partnered with Japanese robotics company ugo, Inc. to integrate its smell detection technology into service robots, with field testing scheduled to begin across public infrastructure sites in Japan later this year.
The company also formed a collaboration with ASE, a semiconductor packaging and testing company, to incorporate AI Nose technology into smart factory operations, with pilot deployments planned across ASE facilities.
In veterinary applications, ongoing trials in Taiwan for feline chronic gingivostomatitis showed symptom improvements of 10-44% among test subjects, according to the company.
The AI Nose platform uses MEMS gas sensors and AI algorithms to digitize scents into structured data representations. The company reports its technology has improved accuracy from 80% to 85% across more than 2,000 data samples in senior care applications.
Ainos plans to expand its smell identification capabilities to classify everyday scents such as meat, food, and beverages, claiming preliminary accuracy exceeds 90%.
The electronic nose market is projected to grow from $29.8 billion in 2025 to $76.5 billion by 2032, according to figures cited in the company’s press release. While Ainos shows potential in this growing market, InvestingPro data reveals some financial challenges, including a debt-to-equity ratio of 0.91 and significant cash burn rate. Get access to 7 additional exclusive ProTips and comprehensive financial metrics with InvestingPro to make more informed investment decisions.
In other recent news, Ainos, Inc. has reported advancements in its AI Nose platform, enhancing its ability to detect excretion odors with an improved accuracy rate of approximately 85%. This development is crucial for non-contact hygiene monitoring in long-term care facilities, particularly in regions like Japan and Taiwan that face demographic challenges due to aging populations. Additionally, Ainos has partnered with ugo, Inc., Japan’s leading service robotics firm, to create the world’s first humanoid robot with a functional sense of smell. This collaboration integrates Ainos’ AI Nose technology into ugo’s robots, aiming to transform service robotics by enabling robots to perceive their environment through smell, alongside vision and sound. The integration is expected to enhance robot functionality across various sectors, including healthcare and facility automation. Both companies anticipate that the implementation of olfactory capabilities will have wide-reaching implications, potentially becoming a fundamental component of smart infrastructure. The project will soon enter the phase of real-world deployment tests in environments like commercial buildings, with further developments expected in the coming weeks. These recent developments reflect Ainos’ commitment to advancing AI-powered scent digitization technologies.
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