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 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.56M | $5.99M | $6.80M | $6.99M | $6.08M | $6.69M | $6.91M | - | - | - |
| Cost of Revenue | $3.83M | $2.32M | $2.68M | $4.29M | $1.81M | $1.94M | $2.07M | - | - | - |
| Gross Profit | $730.0K | $3.67M | $4.12M | $2.70M | $4.12M | $4.19M | $4.94M | - | - | - |
| R&D | $1.46M | $2.98M | $3.38M | $6.80M | $7.57M | $6.89M | $28.14M | - | - | - |
| SG&A | $2.96M | $5.17M | $7.12M | $19.72M | $5.96M | $15.59M | $100.27M | - | - | - |
| Total Operating Expenses | $5.42M | $9.72M | $12.01M | $34.30M | $21.22M | $36.98M | $185.61M | - | - | - |
| D&A | - | - | $523.0K | - | - | $224.0K | - | - | - | - |
| Operating Income | ($4.69M) | ($6.05M) | ($7.89M) | ($31.60M) | ($16.96M) | ($15.32M) | ($12.61M) | ($1.28M) | ($1.13M) | - |
| Interest Expense | $53.0K | - | $1.12M | - | - | $0 | - | - | - | - |
| Income Tax | ($1.0K) | $9.0K | $4.0K | $2.0K | ($7.0K) | $58.0K | $19.0K | $53.8K | ($53.8K) | - |
| Net Income | ($6.33M) | ($6.84M) | ($9.24M) | ($32.01M) | ($28.41M) | ($33.17M) | ($193.12M) | ($9.73M) | $4.78M | - |
| EPS - Basic | ($0.05) | ($0.06) | ($0.08) | ($1.87) | ($0.28) | - | - | - | - | - |
| EPS - Diluted | ($0.05) | ($0.06) | ($0.08) | ($0.30) | ($0.25) | - | - | - | - | - |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $787.0K | $534.0K | $7.54M | $8.23M | $9.65M | $31.39M | $31.54M | $471.2K | $659.1K | $789.5K |
| Accounts Receivable | $234.0K | $2.84M | $3.37M | $2.58M | $5.43M | $10.21M | $2.25M | - | - | - |
| Inventory | $872.0K | $2.64M | $2.65M | $4.12M | $6.59M | $5.42M | $2.18M | - | - | - |
| Accounts Payable | $1.00M | $9.10M | $7.12M | $7.34M | $3.25M | $1.69M | $4.38M | - | - | - |
| Current Assets | $6.95M | $11.02M | $19.32M | $26.06M | $34.15M | $60.15M | $93.70M | $515.4K | $731.7K | $884.9K |
| Total Assets | $15.08M | $20.57M | $30.27M | $39.26M | $47.68M | $74.17M | $102.00M | $173.54M | $173.89M | $174.08M |
| Current Liabilities | $20.27M | $56.41M | $61.55M | $47.10M | $36.41M | $36.17M | $21.39M | $2.12M | $1.14M | $247.5K |
| Long-term Debt | - | - | - | - | - | $0 | $0 | - | - | - |
| Total Liabilities | $66.50M | $65.64M | $73.42M | $61.21M | $52.39M | $57.54M | $46.66M | $34.13M | $24.75M | $6.28M |
| Stockholders' Equity | ($51.42M) | ($45.07M) | ($43.15M) | ($21.95M) | ($4.71M) | ($10.19M) | ($27.10M) | $5.00M | $5.00M | $5.00M |
| Retained Earnings | ($551.29M) | ($544.96M) | ($538.12M) | ($511.28M) | ($479.27M) | ($450.85M) | ($175.04M) | ($14.85M) | ($5.13M) | $38.7K |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($5.57M) | - | - | ($12.11M) | - | - | ($222.6K) | - |
| Investing Cash Flow | - | - | ($250.0K) | - | - | ($741.0K) | - | - | $92.2K | - |
| Financing Cash Flow | - | - | $5.80M | - | - | $271.0K | - | - | - | - |
| CapEx | - | - | $0 | - | - | $741.0K | - | - | - | - |
| Free Cash Flow | - | - | ($5.57M) | - | - | ($12.85M) | - | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 16.0% | 61.2% | 60.6% | 38.6% | 67.8% | 62.7% | 71.5% | - | - | - |
| Operating margin | -102.8% | -101.0% | -116.0% | -452.2% | -279.2% | -229.1% | -182.5% | - | - | - |
| EBITDA margin | - | - | -108.3% | - | - | -225.7% | - | - | - | - |
| Net margin | -138.9% | -114.2% | -135.8% | -458.1% | -467.7% | -495.9% | -2793.6% | - | - | - |
| Free cash flow margin | - | - | -81.8% | - | - | -192.2% | - | - | - | - |
| FCF / Net income | - | - | 0.60 | - | - | 0.39 | - | - | - | - |
| R&D / Revenue | 31.9% | 49.7% | 49.7% | 97.4% | 124.6% | 103.0% | 407.1% | - | - | - |
| SG&A / Revenue | 65.0% | 86.4% | 104.7% | 282.2% | 98.2% | 233.0% | 1450.4% | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | -1.1% | - |
| Return on assets | -42.0% | -33.2% | -30.5% | -81.5% | -59.6% | -44.7% | -189.3% | -5.6% | 2.8% | - |
| Return on equity | 12.3% | 15.2% | 21.4% | 145.8% | 603.7% | 325.5% | 712.6% | -194.6% | 95.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.34 | 0.20 | 0.31 | 0.55 | 0.94 | 1.66 | 4.38 | 0.24 | 0.64 | 3.58 |
| Quick ratio | 0.30 | 0.15 | 0.27 | 0.47 | 0.76 | 1.51 | 4.28 | 0.24 | 0.64 | 3.58 |
| Cash ratio | 0.04 | 0.01 | 0.12 | 0.17 | 0.27 | 0.87 | 1.47 | 0.22 | 0.58 | 3.19 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | 0.00 | 0.00 | - | - | - |
| Debt / Assets | - | - | - | - | - | 0.00 | 0.00 | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -88.5x | - | -7.0x | - | - | - | - | - | - | - |
| Equity multiplier | -0.29 | -0.46 | -0.70 | -1.79 | -10.13 | -7.28 | -3.76 | 34.71 | 34.78 | 34.82 |
| Liabilities / Assets | 4.41 | 3.19 | 2.43 | 1.56 | 1.10 | 0.78 | 0.46 | 0.20 | 0.14 | 0.04 |
| Efficiency | ||||||||||
| Asset turnover | 0.30 | 0.29 | 0.22 | 0.18 | 0.13 | 0.09 | 0.07 | - | - | - |
| Inventory turnover | 4.39 | 0.88 | 1.01 | 1.04 | 0.28 | 0.36 | 0.95 | - | - | - |
| Days sales outstanding | 19d | 173d | 181d | 135d | 326d | 557d | 119d | - | - | - |
| Days inventory outstanding | 83d | 415d | 360d | 350d | 1325d | 1020d | 385d | - | - | - |
| Days payable outstanding | 95d | 1429d | 968d | 624d | 654d | 318d | 773d | - | - | - |
| Cash conversion cycle | 6d | -841d | -427d | -139d | 997d | 1260d | -270d | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -34.7% | -1.4% | 1.7% | 1.1% | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -73.0% | -11.0% | -1.8% | -45.4% | - | - | - | - | - | - |
| Operating income growth (YoY) | 85.2% | 64.3% | 48.5% | -150.6% | -1226.8% | -1251.2% | -2622145.3% | -243411.0% | -543.2% | - |
| Net income growth (YoY) | 80.2% | 75.9% | 72.1% | 83.4% | -192.1% | - | -188025.4% | - | - | - |
| EPS growth (YoY) | 83.3% | 76.0% | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 56.7% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -134.2% | -857.6% | -323.5% | 19.0% | - | - | - | 0.0% | 0.0% | -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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing IronNet against the 5 most active filers in the same SIC group.