Innovation Beverage Group Ltd Financials
Innovation Beverage Group Ltd (IBG) reported $2.9M in revenue for fiscal year 2024, down 6.9% from the prior fiscal year. This page shows its 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).
External capital reset the balance sheet, but the core business still fails to turn gross profit into cash.
The balance-sheet improvement in FY2024 was real but externally funded, with debt-to-equity falling from 7.1x to 0.9x. That reset came alongside$2.1M of financing inflow and operating cash flow of-$1.6M , so stronger liquidity reflects new capital replacing operating cash rather than the business starting to self-fund.
A high gross margin of
FY2023 showed unusually strong cash conversion, with operating cash flow of
Financial Health Signals
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.
Innovation Beverage Group Ltd's reported operating margin for fiscal year 2024 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 28/100.
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.
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 48/100.
Innovation Beverage Group Ltd's current ratio of 1.14 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Innovation Beverage Group Ltd's operations used $1.6M of cash, and capex of $6K added to the outflow, for a free cash flow shortfall of $1.6M. This results in a cash flow score of 10/100.
Innovation Beverage Group Ltd posts a -98.2% return on equity (ROE), meaning it loses $98 for every $100 of shareholders' equity. This results in a returns score of 18/100. This is up from -331.0% the prior year.
Innovation Beverage Group Ltd scores -3.50, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.8M) 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.
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.
Innovation Beverage Group Ltd reported a net loss of $2.6M while operations used $1.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Innovation Beverage Group Ltd reported an operating loss of $3.2M against $244K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Innovation Beverage Group Ltd generated $2.9M in revenue in fiscal year 2024. This represents a decrease of 6.9% from the prior year.
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.
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.
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
Innovation Beverage Group Ltd recorded an outflow of $1.6M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents a decrease of 2875.9% from the prior year.
Innovation Beverage Group Ltd held $620K in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Margins & Returns
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.
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.
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.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
IBG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 |
|---|---|---|
| Revenue | $2.9M-6.9% | $3.1M |
| Cost of Revenue | $699K-36.0% | $1.1M |
| Gross Profit | $2.2M+8.6% | $2.1M |
| SG&A Expenses | $1.6M+10.8% | $1.4M |
| Operating Income | -$3.2M-49.5% | -$2.1M |
| Interest Expense | $244K-6.3% | $260K |
| Income Tax | -$486K-101.7% | -$241K |
| Net Income | -$2.6M-27.7% | -$2.0M |
| EPS (Diluted) | -$0.31-19.2% | -$0.26 |
Not reported in any period shown, so not listed: R&D Expenses.
IBG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 |
|---|---|---|
| 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 |
| Total Liabilities | $2.3M-46.0% | $4.3M |
| Current Liabilities | $2.3M-46.7% | $4.3M |
| Total Equity | $2.6M+330.4% | $608K |
| Retained Earnings | -$8.8M-41.6% | -$6.2M |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
IBG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 |
|---|---|---|
| Operating Cash Flow | -$1.6M-2840.6% | $57K |
| Capital Expenditures | $6K+1171.9% | $502 |
| Free Cash Flow | -$1.6M-2875.9% | $57K |
| Investing Cash Flow | -$61K+49.9% | -$122K |
| Financing Cash Flow | $2.1M+8155.3% | $26K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
IBG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 |
|---|---|---|
| Gross Margin | 76.1%+10.9pp | 65.3% |
| Operating Margin | -109.1% | -68.0% |
| Net Margin | -87.7%-23.7pp | -64.0% |
| Return on Equity | -98.2%+232.8pp | -331.0% |
| Return on Assets | -51.9%-11.1pp | -40.8% |
| Current Ratio | 1.14+0.7x | 0.48 |
| Debt-to-Equity | 0.89-6.2x | 7.11 |
| FCF Margin | -54.0%-55.8pp | 1.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin.
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Where Innovation Beverage Group Ltd Ranks
Frequently Asked Questions
What is Innovation Beverage Group Ltd's annual revenue?
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.
How fast is Innovation Beverage Group Ltd's revenue growing?
Innovation Beverage Group Ltd (IBG) revenue declined by 6.9% year-over-year, from $3.1M to $2.9M in fiscal year 2024.
Is Innovation Beverage Group Ltd profitable?
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%.
What is Innovation Beverage Group Ltd's EBITDA?
Innovation Beverage Group Ltd (IBG) had EBITDA of -$2.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Innovation Beverage Group Ltd's gross margin?
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.
What is Innovation Beverage Group Ltd's net profit margin?
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.
What is Innovation Beverage Group Ltd's return on equity (ROE)?
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.
What is Innovation Beverage Group Ltd's free cash flow?
Innovation Beverage Group Ltd (IBG) recorded an outflow of $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.
What is Innovation Beverage Group Ltd's operating cash flow?
Innovation Beverage Group Ltd (IBG) recorded an outflow of $1.6M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Innovation Beverage Group Ltd's total assets?
Innovation Beverage Group Ltd (IBG) had $5.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Innovation Beverage Group Ltd's capital expenditures?
Innovation Beverage Group Ltd (IBG) invested $6K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Innovation Beverage Group Ltd's current ratio?
Innovation Beverage Group Ltd (IBG) had a current ratio of 1.14 as of fiscal year 2024, which is considered adequate.
What is Innovation Beverage Group Ltd's debt-to-equity ratio?
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.
What is Innovation Beverage Group Ltd's return on assets (ROA)?
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.
How does Innovation Beverage Group Ltd's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, Innovation Beverage Group Ltd (IBG) held $620K in cash, cash equivalents and investments, and reported an operating cash outflow of $1.6M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Innovation Beverage Group Ltd's Altman Z-Score?
Innovation Beverage Group Ltd (IBG) has an Altman Z-Score of -3.50, 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.
What is Innovation Beverage Group Ltd's Piotroski F-Score?
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.
Are Innovation Beverage Group Ltd's earnings high quality?
Innovation Beverage Group Ltd (IBG) reported a net loss of $2.6M while operations used $1.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Can Innovation Beverage Group Ltd cover its interest payments?
Innovation Beverage Group Ltd (IBG) reported an operating loss of $3.2M against $244K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.
How financially healthy is Innovation Beverage Group Ltd?
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.