IPASS INC
Technology · Services-Computer Processing & Data Preparation · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | $0 | $0 | $0 | $0 |
| Operating income | −$20.1M | −$7.3M | −$14.9M | −$19.4M | −$11.2M | −$3.5M |
| Net income | −$20.6M | −$7.8M | −$15.5M | $7.0M | −$12.3M | −$4.4M |
| Total assets | $18.4M | $33.2M | $37.8M | $55.3M | $54.9M | $60.1M |
| Total liabilities | $17.6M | $14.5M | $15.2M | $16.8M | $25.7M | $23.2M |
| Equity | $791,000 | $18.6M | $22.6M | $38.5M | $29.2M | $36.9M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 65.8M | 64.6M | 66.0M | 64.4M | 61.8M | 59.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2017- Operating margin
- —
- Net margin
- —
- Return on equity
- −2598.6%
- Return on assets
- −111.7%
- Return on capital (ROCE)
- −1054.8%
- Liabilities / assets
- 95.7%
- Debt / equity
- 22.27×
- Book value / share
- $0.01
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
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 · FY2017- Altman Z″ (distress)
- -47.37distress
- Accruals / assets
- −49.0%clean
- Piotroski F-Score
- 1/7weak
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● 2 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
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-Qmissed a reporting deadline ↗Nov 13, 2018
- NT 10-Kmissed a reporting deadline ↗Mar 19, 2007
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.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer changeFeb 19, 2019
- Other material eventJan 30, 2019
- Entered a material agreementDec 3, 2018
- Other material eventNov 21, 2018
- Entered a material agreement · Other material eventNov 13, 2018
- Delisting / listing-standard noticeNov 6, 2018
- Delisting / listing-standard noticeOct 19, 2018
- Other material eventSep 11, 2018
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.