INTELLIGENT PROTECTION MANAGEMENT CORP. IPM
services, including managed IT security services, secure private cloud hosting, managed backup and disaster recovery, professional services,
procurement services, web hosting, and other related services including consulting and implementing technology solutions for large enterprise
and commercial clients across the United States as well as small-and-medium sized businesses. We also offer and support our ManyCam software,
which is a live streaming software and virtual camera that allows users to deliver professional live videos on streaming platforms, video
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $344.4K | $1.1M | $962.0K | $11.0M | $454.5K | $540.7K | $3.4M | $5.0M | $24.8M | $21.0M |
| Cost of revenue | $11.3M | $262.9K | $284.9K | $2.8M | $2.7M | $2.6M | $3.2M | $3.6M | $4.9M | $5.0M |
| Gross profit | -$10.9M | $835.4K | $677.1K | $8.2M | -$2.3M | -$2.0M | $264.9K | $1.4M | $20.0M | $16.0M |
| R&D | — | $215.5K | $210.2K | $5.9M | $5.4M | $5.0M | $6.6M | $6.6M | $8.9M | $8.6M |
| SG&A | $10.5M | $4.9M | $4.1M | $4.3M | $2.7M | $3.2M | $6.3M | $7.9M | $8.9M | $4.0M |
| Total operating expenses | $28.3M | $6.2M | $4.7M | $14.6M | $12.8M | $11.6M | $23.9M | $293.4K | $30.5M | $22.7M |
| Operating income | -$4.7M | -$5.1M | -$3.7M | -$3.7M | $519.5K | $1.2M | -$8.6M | $451.1K | -$5.7M | -$1.7M |
| Interest expense | — | — | $639.6K | $74.9K | $133 | $7.1K | $156.4K | $81.2K | $41.7K | $60.0K |
| Pre-tax income | -$4.3M | -$4.4M | -$2.7M | -$3.6M | $1.3M | $1.4M | -$9.1M | -$2.0M | -$5.7M | -$1.5M |
| Income tax | $2.3M | $137.6K | $27.9K | $171.7K | $10.0K | $387 | $141.6K | $3.0K | $229.0K | — |
| Net income | -$2.0M | -$8.4M | -$1.1M | -$3.4M | $1.3M | $1.4M | -$8.4M | -$3.8M | -$5.9M | -$1.5M |
| EPS, basic | -0.15 | -0.91 | -0.12 | -0.35 | 0.17 | 0.20 | -1.22 | -0.56 | — | — |
| EPS, diluted | -0.15 | -0.91 | -0.12 | -0.35 | 0.17 | 0.20 | -1.22 | -0.56 | -0.91 | -0.26 |
| Shares, diluted (wtd. avg.) | $13.1M | $9.2M | $9.2M | $9.6M | $7.8M | $6.9M | $6.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.6M | $10.6M | $13.6M | $14.7M | $21.6M | $5.6M | $3.4M | $6.6M | $4.1M | $4.2M |
| Receivables | $1.6M | — | $92.7K | $122.3K | $153.4K | $71.4K | $130.7K | $326.8K | $479.1K | $958.7K |
| Total current assets | $11.5M | $11.2M | $14.8M | $15.4M | $22.0M | $5.9M | $3.7M | $7.3M | $5.0M | $6.3M |
| Property, plant and equipment | $550.6K | — | — | — | $69.6K | $255.8K | $620.1K | $577.9K | $622.7K | $793.3K |
| Goodwill | $4.6M | $5.5M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M | $13.1M | $13.1M | $14.3M |
| Other intangibles | $7.7M | $1.9M | $2.7M | $3.5M | $196.5K | $381.2K | $627.9K | $884.2K | $3.9M | $5.6M |
| Total assets | $26.0M | $15.9M | $23.9M | $25.4M | $28.9M | $13.6M | $12.2M | $24.4M | $22.8M | $27.5M |
| Accounts payable | $1.6M | $380.3K | $99.3K | $1.0M | $1.3M | $742.1K | $1.0M | $2.8M | $2.4M | $1.7M |
| Short-term debt | — | — | — | — | — | $338.8K | — | — | — | — |
| Total current liabilities | $7.3M | $3.5M | $3.1M | $3.7M | $3.7M | $3.6M | $3.5M | $9.2M | $5.3M | $5.0M |
| Long-term debt | — | — | — | $77.0K | $159.2K | $167.7K | — | — | — | — |
| Total liabilities | $7.9M | $4.0M | $3.8M | $4.5M | $3.8M | $3.8M | $4.0M | $9.3M | $5.3M | $6.7M |
| Retained earnings | -$25.3M | -$23.3M | -$14.9M | -$13.8M | -$10.4M | -$11.7M | -$13.1M | -$4.7M | -$923.1K | $5.0M |
| Total equity | $18.2M | $11.9M | $20.1M | $21.0M | $25.1M | $9.8M | $8.2M | $15.2M | $17.4M | $20.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.1M | -$3.0M | -$1.1M | -$3.0M | $1.3M | $1.4M | -$4.5M | $2.7M | -$730.8K | -$406.7K |
| Depreciation and amortisation | $467.6K | — | — | $69.6K | $186.2K | $325.0K | $349.1K | $387.5K | $447.7K | $568.0K |
| Stock-based compensation | $343.9K | $151.4K | $235.0K | $333.8K | -$35.7K | $243.2K | $829.0K | $1.6M | $1.6M | $353.1K |
| Capital expenditure | $280.1K | — | — | $242.3K | — | — | $391.2K | $342.7K | $294.2K | $345.1K |
| Investing cash flow | -$4.3M | — | -$85.0K | -$2.9M | $858.8K | $225.4K | $1.3M | -$342.7K | -$219.2K | -$2.1M |
| Financing cash flow | $1.0M | $39.8K | -$7.2K | -$997.9K | $13.9M | $497.7K | -$2.0K | $28.2K | $924.4K | -$22.7K |
| Dividends paid | — | — | — | $65.0K | — | — | — | — | — | — |
| Buybacks | — | $400.0K | $7.2K | $997.9K | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-044059.
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