InsPro Technologies Corp
Technology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | |
|---|---|---|---|---|---|---|
| Revenue | $14.9M | $21.6M | $21.8M | $21.8M | $21.4M | $18.7M |
| Operating income | −$1.1M | $2.6M | $1.8M | −$2.7M | −$6.4M | −$5.4M |
| Net income | −$1.2M | $2.5M | $1.6M | −$2.7M | −$6.4M | −$5.2M |
| Total assets | $8.6M | $9.2M | $7.2M | $6.3M | $8.3M | $7.2M |
| Total liabilities | $6.9M | $6.3M | $6.8M | $10.1M | $11.0M | $8.4M |
| Equity | $1.7M | $2.9M | $384,493 | −$3.8M | −$2.6M | −$1.3M |
| EPS (diluted) | $-0.03 | $0.01 | $0.01 | $-0.06 | — | — |
| Shares out. | 41.7M | 41.5M | 41.5M | 41.5M | 41.5M | 41.5M |
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
- −7.2%
- Net margin
- −8.0%
- Return on equity
- −71.1%
- Return on assets
- −13.9%
- Return on capital (ROCE)
- −40.5%
- Liabilities / assets
- 80.4%
- Debt / equity
- 4.10×
- Book value / share
- $0.04
- Revenue growth (YoY)
- −31.2%
- Net income growth (YoY)
- −148.2%
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)
- -24.63distress
- Accruals / assets
- −16.6%clean
- Piotroski F-Score
- 2/9weak
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
● 2 severe● 4 warning● 2 good- 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
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive 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-Kmissed a reporting deadline ↗Apr 1, 2010
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2008
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- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Shareholder voteApr 1, 2020
- Entered a material agreementJan 31, 2020
- Shareholder voteAug 15, 2019
- Director / officer change · Other material eventOct 30, 2018
- Director / officer changeAug 21, 2018
- Shareholder voteAug 17, 2018
- Director / officer changeApr 4, 2018
- Director / officer changeMar 29, 2018
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 ↗- 15-12GFORM 15-12GApr 23, 2020
- EFFECTApr 9, 2020
- EFFECTApr 9, 2020
- S-8 POSPOST-EFFECTIVE AMENDMENT NO.1 TO FORM S-8Apr 8, 2020
- POS AMPOST-EFFECTIVE AMENDMENT NO. 1 TO FORM SB-2Apr 8, 2020
- POS AMPOST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-1Apr 8, 2020
- SC 13D/AINDEPENDENCE BLUE CROSS, LLC FORM SC 13D/AApr 8, 2020
- 4Apr 3, 2020
- 8-KCURRENT REPORTApr 1, 2020
- 10-KFORM 10-KMar 25, 2020
- DEFA14AMar 19, 2020
- DEFM14AMar 2, 2020
- PREM14AFeb 20, 2020
- SC 13D/AINDEPENDENCE BLUE CROSS, LLC FORM SC 13D/AFeb 3, 2020
- SC 13DSCHEDULE 13DFeb 3, 2020
Event-driven situations (1)
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