Logotype for IBI Group Inc

IBI Group (IBG) investor relations material

IBI Group Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for IBI Group Inc
Q4 2024 earnings summary15 May, 2025

Executive summary

  • Innovation Beverage Group Limited (IBG) reported FY2024 revenue of $2.93M, down 7% year-over-year, mainly due to ceasing low-margin U.S. wine e-commerce sales; Australian Bitters Company (ABC) brand accounted for 98% of revenue.

  • Net loss widened to $2.57M from $2.01M in 2023, driven by higher operating expenses, asset write-offs, and IPO-related costs.

  • Gross margin improved to 76% from 65% in 2023, reflecting the exit from low-margin wine sales and focus on high-margin bitters.

  • IBG completed its IPO in September 2024, raising $5.4M gross proceeds and listing on Nasdaq under the ticker "IBG."

Financial highlights

  • Revenue: $2.93M in 2024 vs. $3.15M in 2023 (-7% year-over-year).

  • Net loss: $2.57M in 2024 vs. $2.01M in 2023.

  • Gross margin: 76% in 2024, up from 65% in 2023.

  • Operating expenses: $5.43M in 2024, up from $4.19M in 2023, including $612K asset write-off and $346K IPO-related non-recurring costs.

  • Cash and cash equivalents: $620K at year-end 2024, up from $14K in 2023.

  • Working capital: $310K at December 31, 2024.

Outlook and guidance

  • Management expects continued growth in the ABC brand through its partnership with Coca-Cola Europacific Partners (CCEP) and expansion into new markets.

  • Focus remains on high-margin, owned brands and direct-to-consumer channels, with ongoing efforts to divest non-core U.S. retail operations.

  • IBG believes current cash and receivables will fund operations for at least 12 months.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

IBI Group Inc was a global design and technology firm offering professional services in architecture, engineering, planning, and technology consulting. The company served sectors including urban development, transportation, healthcare, and education through integrated solutions. IBI Group operated internationally, supporting smart city initiatives and infrastructure development. The company was headquartered in Toronto, Canada, and its shares were listed on the TSX.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage