IBC Advanced Alloys Reports Q1 Loss, Revenue

IBC Advanced Alloys Corporation, a specialized alloy manufacturer based in Franklin, Indiana, reported a net loss of $702,000 in the first fiscal quarter, translating to a one-cent loss per share. Despite the loss, the company generated $4.2 million in revenue. These results, compiled using data from Zacks Investment Research, highlight the challenges faced by manufacturers of specialized materials.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.