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Innovation Beverage Group Ltd Financials

IBG
Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2024 Currency USD FYE December

This page shows Innovation Beverage Group Ltd (IBG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI IBG FY2024

A high-gross-margin business still depends on outside funding because operating costs outrun its modest sales base.

Between FY2023 and FY2024, gross margin expanded from 65.3% to 76.1% even as sales softened, so the product-level economics improved while the company got smaller. But cash conversion broke down: operating cash flow turned to -$1.6M, and the year’s better liquidity was supplied by a $2.1M financing inflow rather than by the business itself.

The key mismatch is between gross profit quality and the operating cost base: FY2024 gross profit reached $2.2M, yet operating loss widened to -$3.2M. That means overhead and other operating costs consumed more than the entire gross profit pool, so higher product margin did not create a self-supporting operation.

The balance sheet was repaired faster than the income statement. Liabilities fell sharply to $2.3M and the current ratio moved above 1.0x, but cash ended FY2024 at only $620K after a -$1.6M free-cash outflow, indicating near-term flexibility improved mainly because capital was raised, not because the business stopped consuming cash.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 24 / 100
Financial Health Score 24/100

Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Innovation Beverage Group Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
28

Innovation Beverage Group Ltd has an operating margin of -109.1%, meaning the company retains $-109 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is down from -68.0% the prior year.

Growth
14

Innovation Beverage Group Ltd's revenue declined 6.9% year-over-year, from $3.1M to $2.9M. This contraction results in a growth score of 14/100.

Leverage
49

Innovation Beverage Group Ltd has a moderate D/E ratio of 0.89. This balance of debt and equity financing earns a leverage score of 49/100.

Liquidity
25

Innovation Beverage Group Ltd's current ratio of 1.14 is below the typical benchmark, resulting in a score of 25/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
10

While Innovation Beverage Group Ltd generated -$1.6M in operating cash flow, capex of $6K consumed most of it, leaving -$1.6M in free cash flow. This results in a low score of 10/100, reflecting heavy capital investment rather than weak cash generation.

Returns
18

Innovation Beverage Group Ltd generates a -98.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is up from -331.0% the prior year.

Altman Z-Score Distress
-3.47

Innovation Beverage Group Ltd scores -3.47, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.9M) relative to total liabilities ($2.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
3/8

Innovation Beverage Group Ltd passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality
0.61x

For every $1 of reported earnings, Innovation Beverage Group Ltd generates $0.61 in operating cash flow (-$1.6M OCF vs -$2.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-13.1x

Innovation Beverage Group Ltd earns $-13.1 in operating income for every $1 of interest expense (-$3.2M vs $244K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.9M
YoY-6.9%

Innovation Beverage Group Ltd generated $2.9M in revenue in fiscal year 2024. This represents a decrease of 6.9% from the prior year.

EBITDA
-$2.7M
YoY-45.6%

Innovation Beverage Group Ltd's EBITDA was -$2.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 45.6% from the prior year.

Net Income
-$2.6M
YoY-27.7%

Innovation Beverage Group Ltd reported -$2.6M in net income in fiscal year 2024. This represents a decrease of 27.7% from the prior year.

EPS (Diluted)
$-0.31
YoY-19.2%

Innovation Beverage Group Ltd earned $-0.31 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 19.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$1.6M
YoY-2875.9%

Innovation Beverage Group Ltd generated -$1.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 2875.9% from the prior year.

Cash & Debt
$620K
YoY+4284.3%

Innovation Beverage Group Ltd held $620K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
9M
YoY+6.3%

Innovation Beverage Group Ltd had 9M shares outstanding in fiscal year 2024. This represents an increase of 6.3% from the prior year.

Margins & Returns

Gross Margin
76.1%
YoY+10.9pp

Innovation Beverage Group Ltd's gross margin was 76.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 10.9 percentage points from the prior year.

Operating Margin
-109.1%
YoY-41.1pp

Innovation Beverage Group Ltd's operating margin was -109.1% in fiscal year 2024, reflecting core business profitability. This is down 41.1 percentage points from the prior year.

Net Margin
-87.7%
YoY-23.7pp

Innovation Beverage Group Ltd's net profit margin was -87.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 23.7 percentage points from the prior year.

Return on Equity
-98.2%
YoY+232.8pp

Innovation Beverage Group Ltd's ROE was -98.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 232.8 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$6K
YoY+1171.9%

Innovation Beverage Group Ltd invested $6K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1171.9% from the prior year.

IBG Income Statement

Metric Q4'24 Q4'23
Revenue N/A N/A
Cost of Revenue N/A N/A
Gross Profit N/A N/A
R&D Expenses N/A N/A
SG&A Expenses N/A N/A
Operating Income N/A N/A
Interest Expense N/A N/A
Income Tax N/A N/A
Net Income N/A N/A
EPS (Diluted) N/A N/A

IBG Balance Sheet

Metric Q4'24 Q4'23
Total Assets $5.0M+0.5% $4.9M
Current Assets $2.6M+25.1% $2.1M
Cash & Equivalents $620K+4284.3% $14K
Inventory $1.1M+12.8% $990K
Accounts Receivable $15K-95.0% $294K
Goodwill N/A N/A
Total Liabilities $2.3M-46.0% $4.3M
Current Liabilities $2.3M-46.7% $4.3M
Long-Term Debt N/A N/A
Total Equity $2.6M+330.4% $608K
Retained Earnings -$8.8M-41.6% -$6.2M

IBG Cash Flow Statement

Metric Q4'24 Q4'23
Operating Cash Flow N/A N/A
Capital Expenditures N/A N/A
Free Cash Flow N/A N/A
Investing Cash Flow N/A N/A
Financing Cash Flow N/A N/A
Dividends Paid N/A N/A
Share Buybacks N/A N/A

IBG Financial Ratios

Metric Q4'24 Q4'23
Gross Margin N/A N/A
Operating Margin N/A N/A
Net Margin N/A N/A
Return on Equity N/A N/A
Return on Assets N/A N/A
Current Ratio 1.14+0.7 0.48
Debt-to-Equity 0.89-6.2 7.11
FCF Margin N/A N/A

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Frequently Asked Questions

Innovation Beverage Group Ltd (IBG) reported $2.9M in total revenue for fiscal year 2024. This represents a -6.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Innovation Beverage Group Ltd (IBG) revenue declined by 6.9% year-over-year, from $3.1M to $2.9M in fiscal year 2024.

No, Innovation Beverage Group Ltd (IBG) reported a net income of -$2.6M in fiscal year 2024, with a net profit margin of -87.7%.

Innovation Beverage Group Ltd (IBG) reported diluted earnings per share of $-0.31 for fiscal year 2024. This represents a -19.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Innovation Beverage Group Ltd (IBG) had EBITDA of -$2.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

Innovation Beverage Group Ltd (IBG) had a gross margin of 76.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

Innovation Beverage Group Ltd (IBG) had an operating margin of -109.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Innovation Beverage Group Ltd (IBG) had a net profit margin of -87.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Innovation Beverage Group Ltd (IBG) has a return on equity of -98.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Innovation Beverage Group Ltd (IBG) generated -$1.6M in free cash flow during fiscal year 2024. This represents a -2875.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Innovation Beverage Group Ltd (IBG) generated -$1.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Innovation Beverage Group Ltd (IBG) had $5.0M in total assets as of fiscal year 2024, including both current and long-term assets.

Innovation Beverage Group Ltd (IBG) invested $6K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Innovation Beverage Group Ltd (IBG) had 9M shares outstanding as of fiscal year 2024.

Innovation Beverage Group Ltd (IBG) had a current ratio of 1.14 as of fiscal year 2024, which is considered adequate.

Innovation Beverage Group Ltd (IBG) had a debt-to-equity ratio of 0.89 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Innovation Beverage Group Ltd (IBG) had a return on assets of -51.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2024 data, Innovation Beverage Group Ltd (IBG) had $620K in cash against an annual operating cash burn of $1.6M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Innovation Beverage Group Ltd (IBG) has an Altman Z-Score of -3.47, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Innovation Beverage Group Ltd (IBG) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Innovation Beverage Group Ltd (IBG) has an earnings quality ratio of 0.61x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Innovation Beverage Group Ltd (IBG) has an interest coverage ratio of -13.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Innovation Beverage Group Ltd (IBG) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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