Overview of QQ3 2024 metrics (USD, unless noted):
- Revenue: Not reported (N/A) for QQ3 2024, typical for shell/SPACs without an operating business.
- Net income: $1,113,467; YoY growth reported as 16,718.91% and QoQ 0.00% (driven by non-operating income rather than core operations).
- Earnings per share (EPS): $0.0707; YoY growth 3,045.83%; QoQ 1.00%.
- Operating income: -$76,379; YoY decline of about -1,039.99%; QoQ 0.00%.
- EBITDA: -$76,379 (aligned with operating loss).
- Total other income/expenses net: $1,504,700.
- Income before tax: $1,428,321.
- Income tax expense: $314,854.
- Net income attributable to IBAC shareholders: $1,113,467.
- Cash flow from operating activities: -$53,850; Free cash flow: -$53,850.
- Balance sheet highlights: cash and cash equivalents $876,649; total current assets $1,235,538; total assets $118,394,455; total current liabilities $352,354; total liabilities $352,354; total stockholders’ equity $118,042,101; long-term investments $117,079,700; shares outstanding 15,749,090.
- Liquidity and leverage: current ratio 3.51; quick ratio 3.51; cash ratio 2.49; price/book value ratio 1.33; price/earnings ratio 35.25; net debt of -$876,649 (net cash position).