INTERNET AMERICA INC
Technology · Services-Computer Processing & Data Preparation · TX · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY14 | FY13 | FY12 | FY11 | |
|---|---|---|---|---|
| Revenue | $8.1M | $7.8M | $7.3M | $7.0M |
| Operating income | $966,486 | $947,174 | $419,013 | −$236,719 |
| Net income | $5.9M | $4.5M | $643,315 | −$303,200 |
| Total assets | $16.7M | $10.4M | $6.1M | $5.8M |
| Total liabilities | $2.0M | $1.7M | $1.9M | $2.3M |
| Equity | $14.6M | $8.7M | $4.2M | $3.5M |
| EPS (diluted) | $0.30 | $0.23 | $0.03 | $-0.02 |
| Shares out. | 16.7M | 16.7M | 16.7M | 16.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2014- Operating margin
- 11.9%
- Net margin
- 72.9%
- Return on equity
- 40.4%
- Return on assets
- 35.5%
- Return on capital (ROCE)
- 6.5%
- Liabilities / assets
- 12.3%
- Debt / equity
- 0.14×
- Book value / share
- $0.87
- Revenue growth (YoY)
- 3.9%
- Net income growth (YoY)
- 31.9%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2014- Altman Z″ (distress)
- -0.66distress
- Accruals / assets
- 25.6%high accruals
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 1 warning● 5 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High accruals — earnings-quality risk
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Sep 30, 2014
- NT 10-Kmissed a reporting deadline ↗Sep 29, 2006
- NT 10-Qmissed a reporting deadline ↗May 16, 2006
- NT 10-Kmissed a reporting deadline ↗Sep 29, 2005
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Mcclure JustinDirector | Jun 22, 2015 | Option exercise | 174,026 | $0.44 |
| Horn Raymond LeeOfficer — COO | Jun 22, 2015 | Option exercise | 45,000 | $0.35 |
| Frapart Randall JayOfficer — CFO | Jun 22, 2015 | Option exercise | 100,000 | $0.45 |
| Mihaylo Steven G10% owner | Jun 17, 2015 | Conversion | 500,000 | $0.00 |
| Palmer John N10% owner | Jun 17, 2015 | Conversion | 853,242 | $0.00 |
| Ladin William E JrOfficer — CEO | Jun 22, 2015 | Option exercise | 550,000 | $0.39 |
| Ladin William E JrOfficer — CEO | Jun 17, 2015 | Conversion | 341,297 | $0.00 |
| Mihaylo Steven GDirector | Jun 12, 2012 | Buy | 300,000 | $0.44 |
| Lemaile-Stovall TroyDirector | Feb 27, 2012 | Buy | 1,000 | $0.38 |
| Ladin William E JrOfficer — CEO/CFO | Sep 8, 2011 | Buy | 7,000 | $0.30 |
| Ladin William E JrOfficer — CEO/CFO | Aug 26, 2011 | Buy | 1,500 | $0.24 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Other material eventJul 1, 2015
- Director / officer change · Other material eventJun 26, 2015
- Completed an acquisition or disposition · Other material eventJun 16, 2015
- Shareholder vote · Other material eventJun 11, 2015
- Entered a material agreement · Director / officer changeApr 20, 2015
- Other material eventJul 24, 2014
- Other material eventMay 8, 2014
- Director / officer change · Other material eventApr 21, 2014
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12GJul 1, 2015
- 8-KFORM 8-KJul 1, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- S-8 POSFORM S-8 POSJun 30, 2015
- SC 13D/AFORM SC 13D/AJun 30, 2015
- 8-KFORM 8-KJun 26, 2015
- 4PRIMARY DOCUMENTJun 26, 2015
Event-driven situations (1)
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