IBAL International Baler Dashboard

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.09M	2.09M	2.09M	2.09M	2.09M	2.09M
Cash burn (monthly)	225.25K	95.03K	1.65K	(positive/no burn)	216.96K	81.83K
Cash used (since last report)	702.35K	296.32K	5.14K	n/a	676.52K	255.16K
Cash remaining	1.39M	1.79M	2.09M	n/a	1.41M	1.84M
Runway (months of cash)	6.2	18.9	1265.0	n/a	6.5	22.4

Beta Read what these cash burn values mean

Recent insider trades

IBAL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Feb 21	Boren Estate of Leland E	Common Stock	Sell	Dispose S	No	No	1.2	2,633,896	3.16M	0
24 Feb 21	Avis Industrial	Common Stock	Buy	Aquire P	No	No	1.2	2,633,896	3.16M	4,205,158

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

IBAL institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1	0	NEW
Opened positions	1	0	NEW
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	0	0
Total shares	3	0	NEW
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Captrust Financial Advisors	3	$0	NEW

Largest transactions	Shares	Bought/sold	Change
Captrust Financial Advisors	3	+3	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

For the fiscal year ended October 31, 2020, net sales were $8,986,024 compared to $9,526,575 in fiscal 2019, a decrease of 5.7%. The decrease in net sales was primarily the result of the overall economic conditions which started in late 2019 and continued in 2020 due to the COVID-19 Pandemic. Sales of general purpose balers and conveyors were approximately $677,000 lower than in the prior fiscal year. However, sales of specialty balers were higher by approximately $190,000 in fiscal 2020 due to the sale of two rubber balers in 2020 versus one in fiscal 2019. The activity in the rubber baler markets continued to remain slower in the last three years.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: charter, conduct, Delaware, developed, failure, hand, improved, injured, largest, left, memo, North, policy, PPE, proper, reserve, Rock, Scott, seminar, Stericycle, suffered, team, Tinsley, training

Removed: achieving, additional, apply, assessment, assurance, Boren, Committee, confirm, COSO, criteria, designing, desired, discovered, Estate, evaluating, Framework, judgment, Leland, matter, operated, owner, performed, physical, principal, relationship, Sponsoring, stockholder, Treadway

From filing 10-Q 2021 Q2