Reported Q: Q1 2024 Rev YoY: N/A EPS YoY: N/A Move: -0.19%
IB Acquisition Corp
IBAC
$10.66 -0.19%
Exchange NASDAQ Sector Financial Services Industry Shell Companies
Q1 2024
Published: Dec 31, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for IBAC

Reported

Report Date

Dec 31, 2023

Quarter Q1 2024

Revenue

N/A

YoY: N/A

EPS

-0.01

YoY: N/A

Market Move

-0.19%

Previous quarter: N/A

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Earnings Highlights

  • EPS of $-0.01 increased by 0% from previous year
  • Net income of -87.49K
  • "N/A" -
IBAC
Company IBAC

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Executive Summary

IB Acquisition Corp (IBAC) reports QQ1 2024 results with no disclosed revenue and a modest operating/net loss of approximately $87.5 thousand. The balance sheet shows a compressed liquidity position, negative equity and a meaningful debt load for a shell SPAC, underscoring the inherent risk in pre-merger SPAC structures. Cash on hand is limited (roughly $0.18 million) against current liabilities of $0.44 million, and reported cash flow is dominated by financing activity offsetting a substantial investing outflow, yielding a small net increase in cash for the period. Given IBAC’s status as a shell company, the primary investment thesis relies on the successful identification and completion of a credible business combination; absent a de-SPAC, the equity remains highly speculative. The lack of an earnings call transcript for QQ1 2024 limits qualitative management insights for this quarter.

Key Performance Indicators

Operating Income
Decreasing
-87.49K
QoQ: -1 205.82% | YoY: -182 170.83%
Net Income
Decreasing
-87.49K
QoQ: -1 205.84% | YoY: -182 172.92%
EPS
Stable
-0.01
QoQ: 12.50% | YoY: N/A

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 0.00 0.05 +0.0% View
Q4 2024 0.00 0.06 +0.0% View
Q3 2024 0.00 0.07 +0.0% View
Q2 2024 0.00 0.07 +0.0% View
Q1 2024 0.00 -0.01 +0.0% View