Innovation Beverage Group (NASDAQ:IBG – Get Free Report) announced its earnings results on Saturday. The company reported ($0.42) EPS for the quarter, FiscalAI reports. The firm had revenue of $1.35 million for the quarter.
Innovation Beverage Group Trading Down 3.1%
Shares of IBG opened at $0.94 on Friday. Innovation Beverage Group has a fifty-two week low of $0.72 and a fifty-two week high of $26.90. The firm has a 50-day simple moving average of $0.95 and a 200-day simple moving average of $1.07.
About Innovation Beverage Group
Innovation Beverage Group Limited is an Australian beverage company that develops, markets and distributes alcoholic and non-alcoholic drinks. The company focuses on creating consumer beverage brands designed for retail, hospitality and direct-to-consumer channels.
Its portfolio includes Better Beer, a beer brand positioned around a lighter, lower-carbohydrate offering, along with related beverage products. Innovation Beverage Group is involved in product development, branding, sales and distribution rather than operating solely as a traditional beverage manufacturer.
The company’s primary market is Australia, where its products are distributed through retail and online channels.
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