IBC Advanced Alloys Corporation (QB) (IAALF) Quote

After the debacle in Niocorp, I have zero faith in whatever comes from management. The predictions and timelines are awful and I do not trust them at all.

Jim Sims says the price of copper is wrapped into the cost of the IBC product to the consumer, so copper volatility does not adversely affect margins.

Copper price has faded in recent days. There has been a program trade it seems on the TSX. Stock for sale on the opening.

Dead calm in the U.S. again 3,500 shares traded over the last 11 trading days, same old story. Big selling volume on the tsx today, somebody hitting the bid every minute or two, 1k or 2k at a time. Nothing at the ask all day.

Was hoping for less of a loss but I closed out my position while there was still volume a few weeks back between .056 and .065

Good luck to you guys.

That would be my guess. IBC is going to lose revenue and has some stuff to write off from the closing. I am not a buyer of this stock till the dust settles.

Lockheed Running Out Of Parking Space For F-35s Pentagon Refuses To Accept
Could this be the reason for no long term contracts from Lockheed Martin at IBC?
https://www.zerohedge.com/military/lockheed-running-out-parking-space-f-35s-pentagon-refuses-accept

#IBC Advanced Alloys Q3-2024 Investor Webcast

Q&A from the 5/20/2024 IBC Investor Webcast as recorded by D. Eubank in real-time "5/20/2024 IBC Investor Webcast"
Get this information before IBC posts the Webinar at:

https://reddit.com/r/IBC_Advanced_Alloys

INVESTOR WEBCAST SCHEDULED FOR MONDAY 20, 2024
IBC will host a live investor webcast on Monday, May 20, 2024 at 11 a.m. Eastern featuring Mark A. Smith, CEO and Board Chairman, and Toni Wendel, Chief Financial Officer. They will discuss the Company's financial results for the quarter and nine-month periods ended March 31, 2024. Participants can join the webcast by going here at the scheduled start time: https://us06web.zoom.us/j/81738838656?pwd=ZO9lyUWDbFp5GMmFwaHDGhXuEkAKgP.1

IBC traded at $0.0795 until a block of over 60K shares moved after 1330 on 5/17/2024 and drove the price to 0.0611. The OTC registers 3rd party trades like actual stock action. My personal experience says that there were no sellers of IBC under 0.065 in the few days before the Q3 Earnings Report, so I think this is what happened.

Such amazing results the SP took a nose dive. You cant make this shit up. Between here and NB i hope you are right someday somehow.

in your link. metal fabrication on average. 24,07

Walter, What would you estimate the P/E ration is in specialty copper alloys?
From the below link I would conservatively estimate 15:1?
https://fullratio.com/pe-ratio-by-industry

if we can continue this progress and apply . a normal P/E ratio IBC is seriously undervalued.

IAALF PPS 0.075 at 11:45 AM the day after Quarterly earnings
+3.73%
Bid/Ask 0.059 / 0.0769
Volume 20,000

nice results

IBC Quarterly Report ending March 31, 2024 has been released

https://mailchi.mp/ibcadvancedalloys/ibc-advanced-alloys-reports-record-quarterly-profits?e=05db7e6675

IBC Advanced Alloys’ Reports Record Quarterly Profits

Company Sets Several Financial Performance Records as it Releases its Financial Results for the Quarter Ended March 31, 2024

_________________________

Highlights of the Quarter and Trailing 12 Months
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars.)

Net income of $1.36 million, or $0.01 per share, in the quarter on sales of $10.2 million – a new quarterly record. Sales of $34.3 million on a trailing 12-month (“TTM”) basis and sales of $27.0 million in the nine-month period ended March 31, 2024, also were the highest ever recorded.
Copper Alloys division sales of $6.6 million were higher by 11.9% quarter over quarter ("Q/Q"), and Engineered Materials division sales were higher by 97.5% Q/Q. On a TTM basis, Copper Alloys sales of $24 million set a record for a 12-month period for the division.
Consolidated adjusted earnings before interest, taxes, depreciation, and amortization (“Adjusted EBITDA”)[1] rose to $2.5 million, a Q/Q increase of 325%. Year-to-date Adjusted EBITDA rose to $4.5 million.
Consolidated operating income of $2.1 million was 24.4% higher Q/Q and flipped to a positive $3.2 million year-over-year (“YOY”).
Company to host live investor webinar to discuss results on Monday, May 20, 2024 at 11 AM EDT.

FRANKLIN, Ind. (May 16, 2023) – IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces its financial results for the quarter ended March 31, 2024.

IBC recorded its highest ever quarterly net income in the quarter of $1.36 million, or $0.01 per share, on sales of $10.2 million. Both net income and sales revenue set new quarterly records for the Company. Consolidated sales of $34.3 million on a TTM basis and sales of $27.0 million in the nine-month period ended March 31, 2024 also were the highest ever recorded.

Consolidated Adjusted EBITDA1 rose to $2.5 million, a Q/Q increase of 325%, while YTD Adjusted EBITDA rose to $4.5 million. Consolidated operating income1 of $2.1 million was 24.4% higher Q/Q and flipped to a positive $3.2 million YOY.

Net income for the nine months ended March 31, 2024 was $1.14 million ($0.01 per share) on sales of $27.0 million compared to a loss of $2.92 million ($0.03 per share) on sales of $21.2 million in the comparative period, representing a marked turnaround.

This record performance was driven largely by increased sales and stronger gross margin performance in IBC’s Copper Alloys division, coupled with higher sales revenue from the Engineered Materials division of beryllium-aluminum products used in defense markets, and the recovery of an onerous contracts provision booked in the prior year.

The Copper Alloys division also achieved near-record quarterly sales of $6.6 million, eclipsed only by sales of $7.1 million in the preceding quarter. A portion of the division’s sales over the preceding two quarters was driven by the completion of two special non-recurring projects.

“The IBC team worked tirelessly to achieve some fantastic numbers and historic gains in the third fiscal quarter, which continued the strong sales and gross margin performance of the previous quarter," said Mark A. Smith, Chairman and CEO of IBC. “I like the momentum that we are generating, particularly with the leading performance of our Copper Alloys division. While market conditions have triggered closure of our Engineered Materials division sometime this summer, that team is striving to generate substantially to IBC’s bottom line as Engineered Materials completes contracts on hand.”

IBC expects to incur a charge to operations in respect of its April decision to close the Engineered Materials division and is negotiating with suppliers and the building landlord to minimize such costs.


CONSOLIDATED RESULTS


SELECTED RESULTS: Consolidated Operations ($000s)
Quarter Ended
3-31-2024 Quarter Ended
3-31-2023 Nine Months Ended
3-31-2024 Nine Months Ended 3-31-2023
Revenue $10,241 $7,755 $26,958 $21,178
Operating income (loss) $2,105 $83 $3,243 $(1,138)
Adjusted EBITDA $2,486 $585 $4,507 $315
Income (loss) for the period $1,361 $(509) $1,139 $(2,919)





COPPER ALLOYS DIVISION

Sales increased for the quarter and nine-month period ended March 31, 2024, mostly due to increased demand from customers in the defense and power generation sectors. Gross profit was positively impacted by improved material yield but negatively impacted by higher subcontract costs.


SELECTED RESULTS: Copper Alloys Division ($000s)
Quarter Ended
3-31-2024 Quarter Ended
3-31-2023 Nine Months Ended 3-31-2024 Nine Months Ended 3-31-2023
Revenue $6,627 $5,925 $18,614 $16,035
Operating income (loss) $1,293 $1,290 $2,766 $2,231
Adjusted EBITDA $1,436 $1,426 $3,205 $2,645
Income (loss) for the period $915 $980 $1,680 $1,669




ENGINEERED MATERIALS DIVISION

Sales increased for the quarter and nine-month period ended March 31, 2024, largely due to more favorable prices for the division’s products in the commercial and defense markets.


SELECTED RESULTS: Engineered Materials Division ($000s)
Quarter Ended
3-31-2024
Quarter Ended
3-31-2023 Nine Months Ended
3-31-2024 Nine Months Ended
3-31-2023
Revenue $3,614 $1,830 $8,344 $5,143
Operating income (loss) $1,230 $(855) $1,618 $(2,793)
Adjusted EBITDA $1,417 $(613) $2,232 $(1,976)
Income (loss) for the period $1,018 $(1,004) $1,101 $(3,046)





Full results can be seen in the Company’s financial statements and management’s discussion and analysis (“MD&A”), available at sedarplus.ca and on the Company’s website at https://ibcadvancedalloys.com/investors-center/.


INVESTOR WEBCAST SCHEDULED FOR MONDAY 20, 2024
IBC will host a live investor webcast on Monday, May 20, 2024 at 11 a.m. Eastern featuring Mark A. Smith, CEO and Board Chairman, and Toni Wendel, Chief Financial Officer. They will discuss the Company's financial results for the quarter and nine-month periods ended March 31, 2024. Participants can join the webcast by going here at the scheduled start time: https://us06web.zoom.us/j/81738838656?pwd=ZO9lyUWDbFp5GMmFwaHDGhXuEkAKgP.1

To call into a listen-only phone line to the webcast, please the toll numbers listed here:

• +1 719 359 4580 US
• +1 253 205 0468 US


NON-IFRS MEASURES

To supplement its consolidated financial statements, which are prepared and presented in accordance with IFRS, IBC uses “operating income (loss)” and “Adjusted EBITDA”, which are non-IFRS financial measures. IBC believes that operating income (loss) helps identify underlying trends in the business that could otherwise be distorted by the effect of certain income or expenses that the Company includes in loss for the period, and provides useful information about core operating results, enhances the overall understanding of past performance and future prospects, and allows for greater visibility with respect to key metrics used by management in financial and operational decision-making. The Company believes that Adjusted EBITDA is a useful indicator for cash flow generated by the business that is independent of IBC’s capital structure.

Operating income (loss) and Adjusted EBITDA should not be considered in isolation or construed as an alternative to loss for the period or any other measure of performance or as an indicator of our operating performance. Operating income (loss) and Adjusted EBITDA presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to IBC’s data.


OPERATING INCOME (LOSS)

Operating income (loss) represents income or loss for the quarter, and year-to-date, excluding foreign exchange loss, interest expense, interest income, other income (expense) and income taxes that the Company does not believe are reflective of its core operating performance during the periods presented. A reconciliation of the quarter and year-to-date loss to operating income (loss) follows:


Quarter ended March 31 2024 2023
($000s) ($000s)
Income (loss) for the period 1,361 (509)
Foreign exchange (gain) loss 6 (13)
Interest expense 710 629
Loss on disposal of assets 29 -
(Gain) loss on revaluation of derivative - (11)
Other income (4) (16)
Income tax expense (recovery) 3 3
Operating income 2,105 83

Nine months ended March 31 2024 2023
($000s) ($000s)
Income (loss) for the period 1,139 (2,919)
Foreign exchange (gain) loss 7 (5)
Interest expense 2,130 1,862
Loss on disposal of assets 29 -
(Gain) loss on revaluation of derivative 1 (70)
Other income (70) (12)
Income tax expense (recovery) 7 6
Operating income (loss) 3,243 (1,138)

ADJUSTED EBITDA

Adjusted EBITDA represents the Company’s income (loss) for the period, and year-to-date, before interest, income taxes, depreciation, amortization, and share-based compensation. A reconciliation of the quarter and year-to-date loss to Adjusted EBITDA follows:


Quarter ended March 31 2024 2023
($000s) ($000s)
Income (loss) for the period 1,361 (509)
Income tax expense (recovery) 3 3
Interest expense 710 629
(Gain) loss on revaluation of derivative - (11)
Depreciation & amortization 374 413
Stock-based compensation expense (non-cash) 38 60
Adjusted EBITDA 2,486 585

Nine months ended March 31 2024 2023
($000s) ($000s)
Income (loss) for the period 1,139 (2,919)
Income tax expense (recovery) 7 6
Interest expense 2,130 1,862
(Gain) loss on revaluation of derivative 1 (70)
Depreciation & amortization 1,120 1,233
Stock-based compensation expense (non-cash) 110 203
Adjusted EBITDA 4,507 315

For more information on IBC and its innovative alloy products, go here.

On Behalf of the Board of Directors:

"Mark A. Smith”

Mark A. Smith, CEO & Chairman of the Board

[1] IBC reports non-IFRS measures such as “Adjusted EBITDA,” “Operating Income,” and "Free Cash Flow." Please see information on this and other non-IFRS measures in the "Non-IFRS Measures" section of this news release and in IBC’s MD&A, available on sedarplus.ca

# # #
Twitter
Facebook
Website
Contact:
Mark A. Smith, CEO and Board Chairman
Jim Sims, Director of Investor and Public Relations
IBC Advanced Alloys Corp.
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.com
Website: www.ibcadvancedalloys.com

@IBCAdvanced $IB $IAALF #copper

ABOUT IBC ADVANCED ALLOYS CORP.

IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. At its vertically integrated production facility in Franklin, Indiana, IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".


Cautionary Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the Company’s expectation of further growth in revenue and market demand, and the ability of the Copper Alloy division to increase its production capacity, reduce unit costs of production, expand its product portfolio and expand into new markets, the closure of the Engineered Materials division and the expected charge to operations in connection therewith, and the completion of existing contracts by the Engineered Materials division. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the risk that the Company may not be able to make sufficient payments to retire its debt, the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

Please see “Risks Factors” in our Annual Information Form available under the Company’s profile at www.sedarplus.ca, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

Copyright © 2024 IBC Advanced Alloys, All rights reserved.

Good luck with that.

Interested in discussing ‘IBC Advanced Alloys’ on Reddit? Visit the ‘IBC Advanced Alloy’ community on www.Reddit.com at:
r/IBC_Advanced_Alloys

Beryllium Copper Guide

DOD Releases Open Announcement Through Other Transaction Authority for U.S. and Selected International Partners

https://www.defense.gov/News/Releases/Release/Article/3774005/dod-releases-open-announcement-through-other-transaction-authority-for-us-and-s/

Sale Leaseback Transaction of the Franklin, IN property...

https://finance.yahoo.com/news/ibc-advanced-alloys-closes-sale-222000219.html

Hope that year old video keeps the investors thirsty...

IBC Advanced Alloys Copper Division

Actually a nice article. Unfortunately defense contracting for a small firm has always been a feast of famine situation.

When Mark says there will NOT be significant costs to shutting EMD down, we’re putting those costs together…and yet a critical management decision to close EMD down without actual costing information completed tells me that this is a hardball plea for long term contracts…

https://ibcadvancedalloys.com/ibc-investor-update-webcast-video-replay/

IBC specialty niche in Beryllium-Aluminum Alloys

https://www.mobilityengineeringtech.com/component/content/article/27385-the-rapid-rise-of-beryllium-aluminum-alloys-in-aerospace

This niche market is not going away, IBC will just not be a player in it anymore…

Is Mark really going to shut EMD down, or is this latest press release a plea for long term contracts?

Curious if anyone saw this shareholder update for IBC from yesterday. Looks like they still have major contracts with big name companies. The explanation for closing the other plant is that there was not a lot of demand for what they were producing.

https://ibcadvancedalloys.com/ibc-investor-update-webcast-video-replay/

Pretty good news for IBC

https://mailchi.mp/ibcadvancedalloys/ibc-advanced-alloys-announces-entering-into-sale-leaseback-agreements?e=cd1c49f588

Besides Mark's loan, does the company now have any other debt?

They are pulling the plug on the EMC division when they're done filling the last remaining contract this summer.

https://finance.yahoo.com/news/ibc-advanced-alloys-shifts-focus-110000674.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHhfE3S7EOilBisTA2OFoo-wAXBgw1DmiuODA_Dum23KOKgd1R5WWKHF7u56DRymg4xet64xLQJOX_TgX8QW4T6KJyC0IBHWGSDPsDKM9frs82K7qYFC1LeKO19XXAiFzP7d6IIlAmzbYaZxngbn1W2jrvAn4jc3a7LGAsrrcSvr

YouTube video of investor update

When I was in contact with the company, I was told Lockheed basically held the company hostage as their sole supplier for the camera stabilizer. Not sure who Lockheed will use in the future but I never thought this contract would end. I am not on speaking terms with management anymore because of the crap that has transpired in Niocorp. Just have lost faith in the team and that is a shame. Very nice guys at the company but we got hosed in the SPAC deal.

Looks that way

The value of the new order is approximately $7.38 million, which the Company expects to fulfill in 2023 and 2024

Looks that way

The value of the new order is approximately $7.38 million, which the Company expects to fulfill in 2023 and 2024

I did yesterday. Does that mean their relationship with Lockheed is ending?

Did you listen to the last investor webcast february? The EMD division, which generates 25% of the company's revenue, has no contracts at all as of the end of June. They are considering options for closing or selling that part of the business if they can't get any new contracts.

Not sure why revenue will cease. I thought Lockheed was a steady client for years to come. IBC was the only company that could make the niche product. Why is everything ceasing. Must have missed this news in the morning call.

they taking this slug out of canada also?

Agreed. But unless new contracts materialize for the EMD division, those numbers don't mean much. Starting in the third quarter there will be no revenue there.

Earnings Report for IBC is due May 28, 2024
I am predicting positive earnings for both the copper and EMD divisions.

Partial fill at the Bid

IAALF Bid/Ask. 0.071 / 0.077, no fills at the Bid so far today.

4/3/2024. I had an IAALF order filled at 0.0710

they just pull the offers at 4 pm daily. it means nothing.

IAALF 0 volume on the OTC yesterday so the price did not change

0.0516
-0.0244
-32.11%
0.06 / 0.0939 (10000 x 20000)


But the ask went up from .0800 to .0939

You want to follow the symbol IB located on the TSXV Exchange. Go into Stockwatch.com and type in IB in the window and make sure the tab is on Canadian. It has a 15 minute delay unless you pay for real time quotes. I will give you an example of where it should trade in both the US and Canada.

Let us assume the stock is trading at .09 Canadian. On the US side that would correlate to roughly .066 with the currency valuation at .736 (US vs Canadian currency). Also factor in between .003 and .005 for trading purposes for the MM's. If you are bidding .06 OTC for your shares. I would have to presume the TSXV should trade at .08 or under for you to have any chance of getting shares. In rare cases, someone might hit your bid for another reason but is often not the case.

IBC has been a major disappointment to investors just as Niocorp has been a disaster. There is no getting around it. Look at the charts and you can see the damage done. We need IBC to string together some decent quarters and stay profitable. Their business should be booming but for some reason it is not reflected in the share price.

GL.

You are coming at this from the wrong approach. The OTC price trades off the Canadian price. You have to factor in the currency valuation as well.

4/2/2024 1:22 PM - Still showing IAALF price at below the bid and ask with no volume (0 shares traded) 0.0516
-0.0244

-32.11%

0.06 / 0.075 (114667 x 40000)

There are still no sellers at the Bid Price...

No fills (sellers) on IAALF at the Bid (0.060) today…4/1/2024…so the current/closing price of 0.0516
-0.0244
(-32.11%)
Is based on a 3rd party trade of 333 shares (total volume today).

This is the second time in a week that the IAALF PPS has been manipulated in this way.

2 times 333 shares = 666

We see you IAALF stock manipulator 🤨

I just put an order in for IAALF at the Bid...we will see...

Never mind. I was backwards there. Ask is .076. I agree, nobody is selling at .06.