IRNT · Ironnet, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Revenue | $27.26M | $29.23M | - | - |
| Cost of Revenue | $13.99M | $7.02M | - | - |
| Gross Profit | $13.26M | $22.20M | - | - |
| R&D | $32.43M | $25.75M | - | - |
| SG&A | $57.00M | $21.35M | - | - |
| Total Operating Expenses | $120.98M | $77.48M | - | - |
| D&A | $2.34M | $1.16M | - | - |
| Operating Income | ($107.71M) | ($55.28M) | ($629.7K) | - |
| Interest Expense | $897.0K | $0 | - | - |
| Income Tax | $58.0K | $77.0K | ($178.9K) | - |
| Net Income | ($111.01M) | ($55.37M) | $141.3K | - |
| EPS - Basic | ($3.03) | - | - | - |
| EPS - Diluted | ($3.03) | - | - | - |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash & Equivalents | $7.57M | $47.67M | $789.5K | $1.55M |
| Accounts Receivable | $3.37M | $1.99M | - | - |
| Inventory | $2.67M | $4.58M | - | - |
| Accounts Payable | $7.29M | $2.35M | - | - |
| Current Assets | $21.24M | $70.66M | $884.9K | $1.25M |
| Total Assets | $33.66M | $81.23M | $174.08M | $173.90M |
| Current Liabilities | $56.29M | $24.50M | $247.5K | $6.25M |
| Long-term Debt | - | $0 | - | - |
| Total Liabilities | $68.38M | $42.79M | $6.28M | - |
| Stockholders' Equity | ($34.72M) | $38.44M | $5.00M | $5.00M |
| Retained Earnings | ($528.70M) | ($417.69M) | $38.7K | ($102.6K) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Operating Cash Flow | ($64.87M) | ($42.65M) | ($474.8K) | - |
| Investing Cash Flow | ($2.49M) | $112.0K | $243.1K | - |
| Financing Cash Flow | $27.47M | $63.25M | - | - |
| CapEx | $142.0K | $952.0K | - | - |
| Free Cash Flow | ($65.02M) | ($43.60M) | - | - |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | 48.7% | 76.0% | - | - |
| Operating margin | -395.2% | -189.1% | - | - |
| EBITDA margin | -386.6% | -185.2% | - | - |
| Net margin | -407.3% | -189.5% | - | - |
| Free cash flow margin | -238.5% | -149.2% | - | - |
| FCF / Net income | 0.59 | 0.79 | - | - |
| R&D / Revenue | 119.0% | 88.1% | - | - |
| SG&A / Revenue | 209.1% | 73.0% | - | - |
| Effective tax rate | - | - | - | - |
| Return on assets | -329.8% | -68.2% | 0.1% | - |
| Return on equity | 319.7% | -144.0% | 2.8% | - |
| Return on invested capital | - | -113.6% | - | - |
| Liquidity | ||||
| Current ratio | 0.38 | 2.88 | 3.58 | 0.20 |
| Quick ratio | 0.33 | 2.70 | 3.58 | 0.20 |
| Cash ratio | 0.13 | 1.95 | 3.19 | 0.25 |
| Leverage | ||||
| Debt / Equity | - | 0.00 | - | - |
| Debt / Assets | - | 0.00 | - | - |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | -120.1x | - | - | - |
| Equity multiplier | -0.97 | 2.11 | 34.82 | 34.78 |
| Liabilities / Assets | 2.03 | 0.53 | 0.04 | - |
| Efficiency | ||||
| Asset turnover | 0.81 | 0.36 | - | - |
| Inventory turnover | 5.24 | 1.53 | - | - |
| Days sales outstanding | 45d | 25d | - | - |
| Days inventory outstanding | 70d | 238d | - | - |
| Days payable outstanding | 190d | 122d | - | - |
| Cash conversion cycle | -75d | 141d | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | -6.7% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | -40.3% | - | - | - |
| Operating income growth (YoY) | -94.9% | - | - | - |
| Net income growth (YoY) | -100.5% | - | - | - |
| EPS growth (YoY) | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | -49.1% | - | - | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | - | - | -0.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-01-31.
Product / service
$48.71M totalProduct Subscription And Support Revenue$25.70M · 52.8%
Subscription Revenue$21.46M · 44.0%
Professional Services Revenue$1.55M · 3.2%
Geographic
$27.26M totalUS$23.10M · 84.7%
Non Us$4.16M · 15.3%
Stability scores
Altman Z′
FY 2023 · bankruptcy risk
-23.40
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2023 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing IronNet against the 5 most active filers in the same SIC group.