Iveda Solutions, Inc. IVDA
Solutions, Inc. ("Iveda", or the "Company") was incorporated in Nevada as Charmed Homes, Inc. in June 2006. On
October 15, 2009, IntelaSight, d/b/a Iveda, a Washington corporation, became a wholly owned subsidiary of the Company. In December 2010,
IntelaSight merged with and into the Company and the Company became the surviving company. Iveda offered the first cloud hosting of streaming
and recorded video from security cameras for its customers and real-time remote surveillance service utilizing intervention specialists
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3M | $6.0M | $6.5M | $4.5M | $1.9M | $1.5M | — | $3.1M | $2.2M | $3.3M |
| Cost of revenue | $4.0M | $4.7M | $5.4M | $3.5M | $1.1M | $991.6K | — | $2.4M | $1.6M | $2.7M |
| Gross profit | $1.3M | $1.3M | $1.1M | $963.5K | $832.3K | $492.7K | — | $681.6K | $573.5K | $615.9K |
| R&D | $170.8K | $363.4K | $797.1K | — | — | — | — | $264.8K | $304.1K | $285.8K |
| SG&A | $4.3M | $5.0M | $4.3M | $4.3M | $3.6M | $1.7M | — | $4.0M | $5.5M | $6.6M |
| Total operating expenses | $4.5M | $5.4M | $5.1M | $4.3M | $3.6M | $1.7M | — | $4.0M | $5.5M | $7.4M |
| Operating income | -$3.2M | -$4.1M | -$4.0M | -$3.3M | -$2.7M | -$1.2M | — | -$3.3M | -$5.0M | -$6.8M |
| Interest expense | $36.5K | $26.2K | $7.3K | $53.3K | $273.6K | $398.8K | — | $397.1K | $478.6K | $83.6K |
| Pre-tax income | -$3.2M | -$3.9M | -$4.1M | -$3.3M | -$3.0M | — | — | -$3.8M | -$5.6M | -$6.9M |
| Income tax | $30.5K | $32.4K | $18.3K | $2.9K | — | — | — | $12.6K | $15.8K | $69.3K |
| Net income | -$3.2M | -$4.0M | -$4.1M | -$3.3M | -$3.0M | -$1.6M | — | -$3.8M | -$5.7M | -$6.8M |
| EPS, basic | -0.88 | -1.81 | -2.07 | -0.26 | -0.34 | -0.03 | — | — | -0.21 | -0.27 |
| EPS, diluted | -0.88 | -1.81 | -2.07 | -0.26 | -0.04 | -0.03 | — | -0.14 | -0.21 | -0.27 |
| Shares, diluted (wtd. avg.) | $3.6M | $2.2M | $2.0M | $12.8M | $8.9M | $51.7M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.2M | $2.6M | $4.7M | $7.3M | $1.4M | $249.5K | — | $206.9K | $87.9K | $559.7K |
| Receivables | $256.7K | $1.3M | $281.0K | $1.2M | $492.8K | $226.6K | — | $996.6K | $358.8K | $372.6K |
| Inventory | $236.0K | $148.1K | $324.5K | $526.5K | $344.7K | $221.9K | — | $176.9K | $387.9K | $331.4K |
| Total current assets | $6.2M | $5.0M | $5.9M | $9.6M | $2.7M | $985.2K | — | $2.0M | $2.5M | $2.6M |
| Property, plant and equipment | $47.1K | $68.7K | $98.6K | $32.9K | $38.2K | $22.0K | — | $189.1K | $532.5K | $471.2K |
| Goodwill | — | — | — | — | — | — | — | — | — | $0 |
| Other intangibles | — | — | — | — | $6.7K | $6.7K | — | — | $126.7K | — |
| Total assets | $6.4M | $5.2M | $6.3M | $9.9M | $3.0M | $1.2M | — | $2.4M | $3.5M | $3.7M |
| Accounts payable | $459.3K | $730.3K | $379.9K | $360.4K | $62.9K | $405.8K | — | $1.5M | $1.2M | $2.4M |
| Short-term debt | $127.6K | $122.0K | $348.8K | $65.4K | $120.3K | $866.0K | — | $53.0K | -$34.6K | $164.2K |
| Total current liabilities | $1.3M | $2.3M | $1.7M | $2.1M | $3.4M | $4.5M | — | $3.4M | $4.0M | $2.7M |
| Long-term debt | $265.8K | $376.2K | — | $190.8K | $338.8K | — | — | — | $34.6K | $364.4K |
| Retained earnings | -$56.4M | -$53.2M | -$49.2M | -$44.7M | -$41.4M | -$38.3M | — | -$31.9M | -$27.5M | -$21.8M |
| Total equity | $4.8M | $2.5M | $4.6M | $7.2M | -$777.3K | -$3.7M | -$2.6M | -$1.6M | -$756.4K | $521.8K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.0M | -$4.4M | -$3.3M | -$5.4M | -$2.0M | -$145.6K | — | -$2.7M | -$5.0M | -$3.6M |
| Depreciation and amortisation | $21.6K | $31.8K | $19.8K | $17.8K | $15.0K | $25.7K | — | $191.5K | $225.5K | $221.9K |
| Stock-based compensation | $376.0K | $122.6K | $104.6K | $120.6K | $801.9K | $165.2K | — | $216.7K | $373.0K | $336.4K |
| Capital expenditure | — | $2.6K | $85.6K | $14.2K | $24.5K | $21.9K | — | $27.4K | $268.6K | $157.2K |
| Investing cash flow | — | -$2.6K | -$265.6K | -$14.2K | -$24.5K | -$21.9K | — | -$9.3K | -$268.6K | -$157.2K |
| Financing cash flow | $4.6M | $2.3M | $1.0M | $11.4M | $3.1M | $113.7K | — | $2.8M | $4.8M | $4.2M |
| Dividends paid | — | — | — | — | — | — | — | $3.0K | — | — |
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 0001493152-26-014179.
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