IWSY · Imageware Systems 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 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $845.0K | - | $778.0K | $942.0K | $733.0K | - | $2.47M | $733.0K | $796.0K | - |
| Cost of Revenue | - | - | - | - | $21.0K | - | $838.0K | $140.0K | - | - |
| Gross Profit | $713.0K | - | $622.0K | $807.0K | $614.0K | - | $1.63M | $579.0K | $677.0K | - |
| R&D | $868.0K | - | $1.07M | $1.22M | $1.17M | - | $1.12M | $1.52M | $1.87M | - |
| SG&A | $1.18M | - | $1.23M | $1.57M | $1.35M | - | $953.0K | $939.0K | $983.0K | - |
| Total Operating Expenses | $2.68M | - | $3.06M | $3.54M | $3.26M | - | $2.70M | $3.04M | $3.93M | - |
| D&A | $6.0K | - | $11.0K | $14.0K | $18.0K | - | $18.0K | $18.0K | $18.0K | - |
| Operating Income | ($1.96M) | - | ($2.44M) | ($2.74M) | ($2.64M) | - | ($1.07M) | ($2.46M) | ($3.25M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $0 | - | $0 | $0 | $0 | - | $1.0K | $0 | $0 | - |
| Net Income | ($2.70M) | - | $490.0K | $11.27M | ($1.89M) | - | ($626.0K) | ($2.90M) | ($3.12M) | - |
| EPS - Basic | ($0.01) | - | ($0.02) | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | ($0.02) | ($0.03) | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $832.0K | $1.20M | $1.67M | $2.66M | $5.06M | $8.35M | $2.91M | $431.0K | $53.0K | $1.03M |
| Accounts Receivable | $314.0K | $383.0K | $443.0K | $444.0K | $493.0K | $577.0K | $473.0K | $578.0K | $489.0K | $657.0K |
| Inventory | $24.0K | $25.0K | $85.0K | $61.0K | $88.0K | $40.0K | $22.0K | $697.0K | $679.0K | $615.0K |
| Accounts Payable | $937.0K | $837.0K | $691.0K | $731.0K | $974.0K | $1.01M | $1.38M | $1.03M | $1.18M | $515.0K |
| Current Assets | $1.28M | $1.82M | $2.60M | $3.66M | $6.26M | $9.16M | $3.58M | $1.85M | $2.20M | $2.54M |
| Total Assets | $5.73M | $6.32M | $7.59M | $8.77M | $11.83M | $14.80M | $9.39M | $7.81M | $7.96M | $8.41M |
| Current Liabilities | $11.57M | $9.87M | $10.88M | $12.81M | $27.15M | $28.51M | $8.20M | $8.80M | $6.55M | $4.20M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $14.21M | $12.65M | $14.37M | $16.70M | $31.37M | $33.05M | $12.91M | $13.80M | $10.54M | $8.29M |
| Stockholders' Equity | ($18.96M) | ($15.09M) | ($13.75M) | ($13.14M) | ($22.93M) | ($19.82M) | ($12.92M) | ($15.22M) | ($11.64M) | ($8.76M) |
| Retained Earnings | ($206.95M) | ($204.25M) | ($203.64M) | ($204.12M) | ($215.29M) | ($213.22M) | ($212.30M) | ($211.60M) | ($207.48M) | ($203.17M) |
Cash Flow
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.44M) | - | - | - | ($3.29M) | - | - | - | ($1.98M) | - |
| Investing Cash Flow | $0 | - | - | - | ($53.0K) | - | - | - | $0 | - |
| Financing Cash Flow | $1.05M | - | - | - | $0 | - | - | - | $972.0K | - |
| CapEx | $0 | - | - | - | $53.0K | - | - | - | $0 | - |
| Free Cash Flow | ($1.44M) | - | - | - | ($3.34M) | - | - | - | ($1.98M) | - |
Ratios
| Metric | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 84.4% | - | 79.9% | 85.7% | 83.8% | - | 66.1% | 79.0% | 85.1% | - |
| Operating margin | -232.3% | - | -313.2% | -290.7% | -360.6% | - | -43.3% | -335.7% | -408.3% | - |
| EBITDA margin | -231.6% | - | -311.8% | -289.2% | -358.1% | - | -42.6% | -333.3% | -406.0% | - |
| Net margin | -319.3% | - | 63.0% | 1196.0% | -257.2% | - | -25.3% | -395.9% | -392.5% | - |
| Free cash flow margin | -170.5% | - | - | - | -456.1% | - | - | - | -248.7% | - |
| FCF / Net income | 0.53 | - | - | - | 1.77 | - | - | - | 0.63 | - |
| R&D / Revenue | 102.7% | - | 137.9% | 129.0% | 159.3% | - | 45.2% | 207.0% | 234.7% | - |
| SG&A / Revenue | 139.2% | - | 157.8% | 166.8% | 183.8% | - | 38.6% | 128.1% | 123.5% | - |
| Effective tax rate | - | - | 0.0% | 0.0% | - | - | - | - | - | - |
| Return on assets | -47.1% | - | 6.5% | 128.5% | -15.9% | - | -6.7% | -37.1% | -39.3% | - |
| Return on equity | 14.2% | - | -3.6% | -85.7% | 8.2% | - | 4.8% | 19.1% | 26.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.11 | 0.18 | 0.24 | 0.29 | 0.23 | 0.32 | 0.44 | 0.21 | 0.34 | 0.61 |
| Quick ratio | 0.11 | 0.18 | 0.23 | 0.28 | 0.23 | 0.32 | 0.43 | 0.13 | 0.23 | 0.46 |
| Cash ratio | 0.07 | 0.12 | 0.15 | 0.21 | 0.19 | 0.29 | 0.35 | 0.05 | 0.01 | 0.25 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -0.30 | -0.42 | -0.55 | -0.67 | -0.52 | -0.75 | -0.73 | -0.51 | -0.68 | -0.96 |
| Liabilities / Assets | 2.48 | 2.00 | 1.89 | 1.91 | 2.65 | 2.23 | 1.38 | 1.77 | 1.32 | 0.99 |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.10 | 0.11 | 0.06 | - | 0.26 | 0.09 | 0.10 | - |
| Inventory turnover | - | - | - | - | 0.24 | - | 38.09 | 0.20 | - | - |
| Days sales outstanding | 136d | - | 208d | 172d | 245d | - | 70d | 288d | 224d | - |
| Days inventory outstanding | - | - | - | - | 1530d | - | 10d | 1817d | - | - |
| Days payable outstanding | - | - | - | - | 16929d | - | 601d | 2683d | - | - |
| Cash conversion cycle | - | - | - | - | -15154d | - | -522d | -578d | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | 5.8x | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 15.3% | - | -68.5% | 28.5% | -7.9% | - | 214.8% | -9.7% | -14.5% | - |
| Revenue CAGR (3y) | -3.2% | - | 1.9% | -20.6% | 0.8% | - | 31.6% | -11.6% | -5.0% | - |
| Revenue CAGR (5y) | -1.9% | - | -1.7% | -1.1% | -6.8% | - | - | -15.4% | - | - |
| Gross profit growth (YoY) | 16.1% | - | -61.9% | 39.4% | -9.3% | - | 152.4% | -13.8% | -6.9% | - |
| Operating income growth (YoY) | 25.7% | - | -127.8% | -11.3% | 18.7% | - | 64.8% | 18.3% | -2.3% | - |
| Net income growth (YoY) | -43.1% | - | - | - | 39.7% | - | 76.5% | -13.9% | 13.5% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 56.9% | - | - | - | -68.8% | - | - | - | 31.5% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 17.3% | 23.9% | -6.4% | 13.7% | -97.0% | -126.2% | -130.3% | -412.0% | -78.1% | -189.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$3.47M totalMaintenance$2.62M · 75.4%
Software And Royalties$383.0K · 11.0%
Hardware And Consumables$290.0K · 8.4%
Service$181.0K · 5.2%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing IMAGEWARE SYSTEMS INC against the 5 most active filers in the same SIC group.