IronNet, Inc.
Technology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|
| Revenue | $27.3M | $27.5M | $29.2M | — | — |
| Operating income | −$107.7M | −$229.8M | −$55.3M | −$629,651 | −$256,567 |
| Net income | −$111.0M | −$242.6M | −$55.4M | $141,312 | −$102,604 |
| Total assets | $33.7M | $81.2M | $51.7M | $174.1M | $173.9M |
| Total liabilities | $68.4M | $42.8M | $46.7M | $6.3M | $6.3M |
| Equity | −$34.7M | $38.4M | $5.0M | $5.0M | $5.0M |
| EPS (diluted) | $-1.07 | $-3.03 | — | — | — |
| Shares out. | 111.8M | 100.4M | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −395.2%
- Net margin
- −407.3%
- Return on equity
- 319.7%
- Return on assets
- −329.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 203.2%
- Debt / equity
- —
- Book value / share
- $-0.31
- Revenue growth (YoY)
- −1.0%
- 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 · FY2023- Altman Z″ (distress)
- -80.08distress
- Accruals / assets
- −137.1%clean
- Beneish M-Score
- -8.10normal
- 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● 5 warning● 2 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
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- 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 ↗Dec 18, 2023
- NT 10-Qmissed a reporting deadline ↗Sep 18, 2023
- NT 10-Qmissed a reporting deadline ↗Jun 15, 2023
- NT 10-Kmissed a reporting deadline ↗May 2, 2023
- NT 10-Qmissed a reporting deadline ↗Dec 16, 2022
- NT 10-Qmissed a reporting deadline ↗May 18, 2021
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- Bankruptcy or receivership · Regulation FD disclosureJan 19, 2024
- Regulation FD disclosureNov 21, 2023
- Entered a material agreement · Other material eventOct 17, 2023
- Bankruptcy or receivership · Debt acceleration / triggering event · Director / officer changeOct 12, 2023
- Entered a material agreementOct 10, 2023
- Other material eventSep 29, 2023
- Debt acceleration / triggering event · Director / officer change · Other material eventSep 5, 2023
- Entered a material agreement · New financial obligation · Director / officer changeSep 1, 2023
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 ↗Corporate family
Spin-offs from IronNet, Inc. (1)
- M-tron Industries, Inc.MPTIcompletedOct 7, 2022details
From the spin-off filings we track. Follow a company to walk its own history.