CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · IWSY

Income Statement

Line itemFY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Revenue$3.47M$4.79M$3.51M$4.29M$4.29M$3.81M
Cost of Revenue------
Gross Profit$2.80M$3.54M$2.86M$3.53M$3.30M$2.74M
R&D$4.46M$5.71M$7.49M$7.35M$5.95M$5.33M
SG&A$6.15M$4.10M$3.61M$4.29M$4.19M$3.72M
Total Operating Expenses$13.56M$12.82M$15.11M$15.26M$13.03M$12.20M
D&A$47.0K$60.0K$59.0K$39.0K$56.0K$117.00M
Operating Income($10.76M)($9.28M)($12.25M)($11.73M)($9.73M)($9.46M)
Interest Expense------
Income Tax$10.0K$7.0K$10.0K$11.0K($124.0K)$21.0K
Net Income$9.28M($7.25M)($11.58M)($12.55M)($10.07M)($9.53M)
EPS - Basic$0.00($0.08)($0.17)($0.17)($0.15)($0.12)
EPS - Diluted($0.08)-----

Balance Sheet

Line itemFY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Cash & Equivalents$1.20M$8.35M$1.03M$5.69M$7.32M$1.59M
Accounts Receivable$383.0K$577.0K$657.0K$968.0K$458.0K$287.0K
Inventory$25.0K$40.0K$615.0K$29.0K$79.0K$23.0K
Accounts Payable$837.0K$1.01M$515.0K$678.0K$457.0K$425.0K
Current Assets$1.82M$9.16M$2.54M$6.92M$8.02M$2.03M
Total Assets$6.32M$14.80M$8.41M$11.00M$11.60M$5.68M
Current Liabilities$9.87M$28.51M$4.20M$3.85M$8.43M$5.04M
Long-term Debt------
Total Liabilities$12.65M$33.05M$8.29M$5.87M$10.46M$6.94M
Stockholders' Equity($15.09M)($19.82M)($8.76M)($3.03M)$1.15M($1.26M)
Retained Earnings($204.25M)($213.22M)($203.17M)($186.65M)($170.48M)($156.77M)

Cash Flow

Line itemFY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Operating Cash Flow($7.74M)($8.01M)($11.27M)($10.31M)($8.70M)($7.91M)
Investing Cash Flow($53.0K)$0($31.0K)($240.0K)$45.0K($49.0K)
Financing Cash Flow$572.0K$15.47M$6.63M$8.90M$14.49M$6.20M
CapEx$53.0K$0$31.0K$240.0K$5.0K$49.0K
Free Cash Flow($7.79M)($8.01M)($11.30M)($10.55M)($8.71M)($7.96M)

Ratios

MetricFY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Profitability
Gross margin80.8%73.9%81.7%82.2%76.9%71.9%
Operating margin-309.8%-193.9%-349.3%-273.2%-226.6%-248.2%
EBITDA margin-308.4%-192.7%-347.6%-272.3%-225.3%2821.0%
Net margin267.3%-151.6%-330.3%-292.3%-234.5%-249.9%
Free cash flow margin-224.4%-167.4%-322.2%-245.7%-202.8%-208.8%
FCF / Net income-0.841.100.980.840.860.84
R&D / Revenue128.5%119.2%213.6%171.2%138.7%139.9%
SG&A / Revenue177.2%85.7%103.1%99.8%97.6%97.6%
Effective tax rate0.1%-----
Return on assets147.0%-49.0%-137.7%-114.1%-86.8%-167.7%
Return on equity-61.5%36.6%132.2%414.6%-877.1%756.1%
Return on invested capital------
Liquidity
Current ratio0.180.320.611.800.950.40
Quick ratio0.180.320.461.790.940.40
Cash ratio0.120.290.251.480.870.31
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage------
Equity multiplier-0.42-0.75-0.96-3.6310.11-4.51
Liabilities / Assets2.002.230.990.530.901.22
Efficiency
Asset turnover0.550.320.420.390.370.67
Inventory turnover------
Days sales outstanding40d44d68d82d39d27d
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E------
P / B------
P / S0.8x-----
EV / EBITDA------
Growth
Revenue growth (YoY)-27.4%36.5%-18.3%0.0%12.6%-20.1%
Revenue CAGR (3y)-6.8%3.7%-2.8%-3.4%1.1%-10.4%
Revenue CAGR (5y)-1.9%0.1%-3.4%-4.1%1.7%-8.1%
Gross profit growth (YoY)-20.7%23.5%-18.8%6.8%20.4%-2.9%
Operating income growth (YoY)-15.9%24.2%-4.4%-20.6%-2.8%-15.2%
Net income growth (YoY)-37.4%7.7%-24.6%-5.7%-11.6%
EPS growth (YoY)------
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)2.7%29.1%-7.1%-21.2%-9.4%-9.5%
FCF CAGR (5y)------
Book value growth (YoY)23.9%-126.2%-189.5%---

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2021-12-31.

Product / service

$3.47M total
Maintenance$2.62M · 75.4%
Software And Royalties$383.0K · 11.0%
Hardware And Consumables$290.0K · 8.4%
Service$181.0K · 5.2%

Stability scores

Altman Z′

FY 2021 · bankruptcy risk

-33.55
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 2021 · 9-point quality

4/9
Neutral
  • 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

CompanyRevenue (last FY)Net marginROE
TEAM$5.22B-4.9%-19.1%
CRM$37.90B16.4%10.5%
NOW$13.28B13.2%13.5%
FRSH$838.81M21.9%17.8%
DDOG$3.43B3.1%2.9%

Comparing IMAGEWARE SYSTEMS INC against the 5 most active filers in the same SIC group.