IRONCLAD ENCRYPTION Corp
Technology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | |
|---|---|---|---|---|---|---|
| Revenue | $780,211 | $229,745 | $0 | $0 | $0 | $0 |
| Operating income | −$10.1M | −$10.3M | — | — | — | — |
| Net income | −$14.0M | −$11.3M | −$10.5M | −$145,615 | −$32,750 | −$40,000 |
| Total assets | $675,261 | $976,734 | $216,379 | $110,985 | $102,992 | $131,353 |
| Total liabilities | $5.7M | $3.0M | $1.7M | $249,198 | — | — |
| Equity | −$5.0M | −$2.0M | −$1.5M | −$138,213 | $98,603 | $131,353 |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 303.4M | 66.5M | 66.3M | 58.1M | 1.3M | 1.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2019- Operating margin
- −1296.3%
- Net margin
- −1798.3%
- Return on equity
- 278.6%
- Return on assets
- −2077.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 845.8%
- Debt / equity
- —
- Book value / share
- $-0.02
- Revenue growth (YoY)
- 239.6%
- 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)
- -289.09distress
- Accruals / assets
- −2018.6%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. What these scores mean →
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 ↗Aug 18, 2020
- NT 10-Kmissed a reporting deadline ↗Aug 14, 2020
- NT 10-Qmissed a reporting deadline ↗Feb 14, 2020
- NT 10-Qmissed a reporting deadline ↗Nov 12, 2019
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2019
- NT 10-Kmissed a reporting deadline ↗Jun 27, 2019
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 |
|---|---|---|---|---|
| Mcgraw James DOfficer — President, CEO | Dec 3, 2019 | Buy | 990,000 | $0.00 |
| Mcgraw James DOfficer — President / CEO | Sep 13, 2018 | Buy | 3,703 | $0.20 |
| Mcgraw James DOfficer — President / CEO | Sep 12, 2018 | Buy | 614 | $0.25 |
| Mcgraw James DOfficer — President / CEO | Aug 27, 2018 | Buy | 886 | $0.13 |
| Mcgraw James DOfficer — President / CEO | Aug 23, 2018 | Buy | 2,000 | $0.34 |
| Mcgraw James DOfficer — President / CEO | Aug 20, 2018 | Buy | 1,000 | $0.35 |
| Mcgraw James DOfficer — President / CEO | Aug 15, 2018 | Buy | 2,000 | $0.40 |
| Mcgraw James DOfficer — President / CEO | Mar 22, 2018 | Gift | 5,000 | $0.00 |
| Mcgraw James DOfficer — President / CEO | Jan 23, 2018 | Buy | 602 | $2.20 |
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- Bankruptcy or receivership · Other material eventMar 29, 2021
- Director / officer changeSep 2, 2020
- Bankruptcy or receivership · Debt acceleration / triggering event · Other material eventSep 1, 2020
- Other material eventJun 26, 2020
- Director / officer changeMay 27, 2020
- Other material eventMay 14, 2020
- Director / officer changeMay 4, 2020
- Director / officer changeApr 2, 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 ↗- REVOKEDFeb 16, 2022
- 8-KIRONCLAD ENCRYPTION CORP.Mar 29, 2021
- 8-KIRONCLAD ENCRYPTION CORP. FORM 8-KSep 2, 2020
- 8-KIRONCLAD ENCRYPTION CORP. FORM 8-KSep 1, 2020
- NT 10-QIRONCLAD ENCRYPTION CORPORATION FORM 12B-25Aug 18, 2020
- NT 10-KIRONCLAD ENCRYPTION CORPORATION FORM 12B-25Aug 14, 2020
- 8-KIRONCLAD ENCRYPTION CORP. FORM 8-KJun 26, 2020
- 8-KIRONCLAD ENCRYPTION CORP. FORM 8-KMay 27, 2020
- 8-KIRONCLAD ENCRYPTION CORP. FORM 8-KMay 14, 2020
- 8-KIRONCLAD ENCRYPTION CORP. FORM 8-KMay 4, 2020
- 8-KIRONCLAD ENCRYPTION CORP. FORM 8-KApr 2, 2020
- PRE 14CIRONCLAD ENCRYPTION CORP. PRELIMINARY SCHEDULE 14CMar 9, 2020
- 10-QIRONCLAD ENCRYPTION CORP FORM 10-QFeb 19, 2020
- NT 10-QIRONCLAD ENCRYPTION CORPORATION FORM 12B-25Feb 14, 2020
- 4PRIMARY DOCUMENTDec 6, 2019
Event-driven situations (1)
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