IOTACOMM, INC.
Industrials · Services-Business Services, NEC · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | |
|---|---|---|---|---|---|---|
| Revenue | $1.6M | $290,491 | $2.3M | $1.9M | $484,262 | $0 |
| Operating income | −$53.5M | −$16.2M | −$2.9M | −$3.1M | −$4.1M | −$2.4M |
| Net income | −$56.8M | −$16.5M | $47.0M | −$3.1M | −$4.4M | −$1.9M |
| Total assets | $13.0M | $13.7M | $19.0M | $584,643 | $537,926 | $129,729 |
| Total liabilities | $107.7M | $76.3M | $13.0M | $2.1M | $3.8M | $4.3M |
| Equity | −$94.8M | −$62.5M | −$49.2M | −$1.6M | −$3.3M | −$4.1M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 223.1M | 191.2M | 21.7M | 13.4M | 12.0M | 133.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2019- Operating margin
- −3384.2%
- Net margin
- −3594.4%
- Return on equity
- 59.9%
- Return on assets
- −437.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 830.2%
- Debt / equity
- —
- Book value / share
- $-0.42
- Revenue growth (YoY)
- 443.8%
- 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 · FY2019- Altman Z″ (distress)
- -70.47distress
- Accruals / assets
- −282.0%clean
- Piotroski F-Score
- 3/9weak
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
● 3 severe● 4 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- 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 ↗May 29, 2020
- NT 10-Qmissed a reporting deadline ↗Jan 15, 2020
- NT 10-Kmissed a reporting deadline ↗Aug 29, 2019
- NT 10-Qmissed a reporting deadline ↗Apr 19, 2019
- NT 10-Qmissed a reporting deadline ↗Jan 14, 2019
- NT 10-Qmissed a reporting deadline ↗Oct 15, 2018
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- Prior financials not reliable (restatement)Mar 4, 2022
- Director / officer changeMar 4, 2022
- Terminated a material agreementSep 8, 2021
- Director / officer change · Regulation FD disclosureJul 7, 2021
- Changed auditorJul 6, 2021
- Entered a material agreement · New financial obligation · Unregistered equity saleSep 23, 2020
- Director / officer changeJul 2, 2020
- Director / officer changeMay 14, 2020
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 ↗- C-UNov 10, 2025
- C/ASep 29, 2025
- C/AAug 18, 2025
- C/AJul 29, 2025
- DMay 9, 2025
- C/AMay 8, 2025
- CApr 14, 2025
- REVOKEDApr 22, 2022
- 8-KFORM 8-KMar 4, 2022
- 8-KFORM 8-KMar 4, 2022
- DJan 21, 2022
- SC 13GSCHEDULE 13GJan 11, 2022
- 4FORM 4Jan 7, 2022
- 3PRIMARY DOCUMENTSep 15, 2021
- 3PRIMARY DOCUMENTSep 14, 2021
Event-driven situations (1)
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