NASDAQ : IPM
Intelligent Protection Management Corp. — Financial statements
Technology · Software - Application · United States
Last price 1.55 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 20.21M
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Financial statements
Intelligent Protection Management Corp. (IPM) reported revenue of 25.19M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 25.19M | 23.61M | 1.10M | 962.03K | 10.99M | 13.27M |
| Cost of Revenue | 13.00M | 11.27M | 262.89K | 284.89K | 2.82M | 2.72M |
| Gross Profit | 12.19M | 12.34M | 835.39K | 677.14K | 8.17M | 10.55M |
| Selling, General & Admin | 12.75M | 13.16M | 3.34M | 4.16M | 5.88M | 3.88M |
| Research & Development | 210.23K | 5.93M | 5.39M | |||
| Operating Expenses | 14.89M | 15.71M | 4.16M | 4.37M | 11.82M | 9.27M |
| Operating Income | -2.70M | -3.37M | -3.32M | -3.70M | -3.65M | 1.28M |
| Interest & Investment Income | 289.74K | 340.83K | 569.02K | 639.61K | 74.89K | 133.00 |
| Other Non Operating Income (Expenses) | 22.00K | 63.75K | 146.27K | 343.05K | -7.26K | -457.30K |
| EBT Excluding Unusual Items | -2.39M | -2.96M | -2.61M | -2.71M | -3.58M | 827.56K |
| Merger & Restructuring Charges | -300.00K | -300.00K | -1.80M | |||
| Legal Settlements | -1.20M | -717.78K | ||||
| Other Unusual Items | -303.71K | -303.71K | 506.50K | |||
| Pretax Income | -4.19M | -4.28M | -4.41M | -2.71M | -3.58M | 1.33M |
| Income Tax Expense | -466.36K | -2.33M | -137.59K | -27.95K | -171.66K | 9.95K |
| Earnings From Continuing Operations | -3.73M | -1.96M | -4.27M | -2.69M | -3.41M | 1.32M |
| Earnings From Discontinued Operations | -4.16M | 1.62M | ||||
| Net Income | -3.73M | -1.96M | -8.43M | -1.07M | -3.41M | 1.32M |
| Net Income to Common | -3.73M | -1.96M | -8.43M | -1.07M | -3.41M | 1.32M |
| Shares Outstanding (Basic) | 13.04M | 13.09M | 9.23M | 9.22M | 9.64M | 7.77M |
| Shares Outstanding (Diluted) | 13.04M | 13.09M | 9.23M | 9.22M | 9.64M | 7.81M |
| EPS (Basic) | -0.29 | -0.15 | -0.91 | -0.12 | -0.35 | 0.17 |
| EPS (Diluted) | -0.29 | -0.15 | -0.93 | -0.12 | -0.35 | 0.17 |
| Free Cash Flow | -644.80K | 796.58K | -3.02M | -1.08M | -2.96M | 1.27M |
| Free Cash Flow Per Share | -0.05 | 0.06 | -0.33 | -0.12 | -0.31 | 0.16 |
| Gross Margin | 48.38% | 52.26% | 76.06% | 70.39% | 74.31% | 79.51% |
| Operating Margin | -10.71% | -14.26% | -302.43% | -384.35% | -33.23% | 9.68% |
| Profit Margin | -14.79% | -8.29% | -767.22% | -110.95% | -31.05% | 9.98% |
| Free Cash Flow Margin | -2.56% | 3.37% | -274.91% | -112.23% | -26.91% | 9.53% |
| EBITDA | -561.88K | -824.92K | -2.50M | -2.88M | -2.98M | 1.66M |
| EBITDA Margin | -2.23% | -3.49% | -227.61% | -298.88% | -27.12% | 12.47% |
| D&A For EBITDA | 2.14M | 2.54M | 821.70K | 822.33K | 670.86K | 370.85K |
| EBIT | -2.70M | -3.37M | -3.32M | -3.70M | -3.65M | 1.28M |
| EBIT Margin | -10.71% | -14.26% | -33.23% | 9.68% | ||
| Effective Tax Rate | 0.75% | |||||
| Revenue as Reported | 25.19M | 23.61M | 1.10M | 10.99M | 13.27M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.49M | 7.40M | 10.59M | 13.57M | 14.74M | 21.64M |
| Cash & Short-Term Investments | 7.49M | 7.40M | 10.59M | 13.57M | 14.74M | 21.64M |
| Accounts Receivable | 1.95M | 1.68M | 122.30K | 153.45K | ||
| Other Receivables | 114.21K | 114.21K | ||||
| Receivables | 1.95M | 1.68M | 114.21K | 114.21K | 122.30K | 153.45K |
| Prepaid Expenses | 2.35M | 1.36M | 462.42K | 744.51K | 543.20K | 239.26K |
| Restricted Cash | 1.04M | |||||
| Other Current Assets | 72.92K | 338.83K | ||||
| Total Current Assets | 11.78M | 11.47M | 11.24M | 14.77M | 15.41M | 22.03M |
| Property, Plant & Equipment | 3.56M | 702.85K | 74.49K | 77.00K | 159.18K | 309.09K |
| Goodwill | 4.56M | 4.56M | 6.33M | 6.33M | ||
| Other Intangible Assets | 7.98M | 8.71M | 1.88M | 2.70M | 3.53M | 203.81K |
| Other Long-Term Assets | 481.02K | 602.69K | 2.68M | 6.34M | 13.94K | 13.94K |
| Total Assets | 28.36M | 26.04M | 15.87M | 23.89M | 25.43M | 28.88M |
| Accounts Payable | 2.75M | 1.60M | 380.30K | 99.31K | 1.01M | 1.33M |
| Accrued Expenses | 583.80K | 1.03M | 509.76K | 53.42K | 225.19K | 344.44K |
| Current Portion of Leases | 564.98K | 756.59K | 74.49K | 77.00K | 82.18K | 80.31K |
| Current Unearned Revenue | 4.47M | 3.88M | 555.04K | 544.44K | 2.26M | 1.92M |
| Other Current Liabilities | 58.67K | 46.45K | 2.02M | 2.36M | 85.00K | |
| Total Current Liabilities | 8.43M | 7.32M | 3.54M | 3.14M | 3.66M | 3.67M |
| Long-Term Leases | 3.65M | 387.91K | 77.00K | 159.18K | ||
| Long-Term Deferred Tax Liabilities | 127.93K | 148.90K | 429.05K | 614.04K | 716.90K | |
| Total Liabilities | 12.20M | 7.85M | 3.97M | 3.75M | 4.46M | 3.83M |
| Common Stock | 9.88K | 9.88K | 9.88K | 9.86K | 9.86K | 9.86K |
| Additional Paid-In Capital | 45.00M | 44.94M | 36.40M | 36.21M | 35.97M | 35.64M |
| Retained Earnings | -27.28M | -25.27M | -23.31M | -14.88M | -13.82M | -10.40M |
| Treasury Stock | -1.58M | -1.50M | -1.20M | -1.20M | -1.19M | -194.20K |
| Total Common Equity | 16.15M | 18.18M | 11.90M | 20.13M | 20.97M | 25.05M |
| Shareholders' Equity | 16.16M | 18.19M | 11.90M | 20.13M | 20.97M | 25.05M |
| Total Liabilities & Equity | 28.36M | 26.04M | 15.87M | 23.89M | 25.43M | 28.88M |
| Total Debt | 4.21M | 1.14M | 74.49K | 77.00K | 159.18K | 239.49K |
| Net Cash (Debt) | 3.27M | 6.25M | 10.51M | 13.49M | 14.58M | 21.40M |
| Net Cash Per Share | 0.25 | 0.48 | 1.14 | 1.46 | 1.51 | 2.74 |
| Filing Date Shares Outstanding | 13.04M | 13.09M | 9.24M | 9.22M | 9.22M | 9.84M |
| Total Common Shares Outstanding | 13.04M | 13.09M | 9.24M | 9.22M | 9.23M | 9.83M |
| Working Capital | 3.35M | 4.16M | 7.69M | 11.63M | 11.74M | 18.36M |
| Book Value Per Share | 1.24 | 1.39 | 1.29 | 2.18 | 2.27 | 2.55 |
| Tangible Book Value | 3.61M | 4.92M | 10.02M | 17.43M | 11.12M | 18.52M |
| Tangible Book Value Per Share | 0.28 | 0.38 | 1.08 | 1.89 | 1.21 | 1.88 |
| Machinery | 247.81K | 169.12K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.73M | -1.96M | -8.43M | -1.07M | -3.41M | 1.32M |
| Depreciation & Amortization | 2.48M | 2.96M | 905.40K | 904.51K | 751.17K | 445.26K |
| Asset Writedown & Restructuring Costs | 7.26K | |||||
| Stock-Based Compensation | 163.59K | 343.85K | 151.41K | 234.99K | 333.82K | -35.65K |
| Provision & Write-off of Bad Debts | -1.90K | 3.44K | -3.23K | |||
| Other Operating Activities | -378.75K | -2.33M | 3.95M | -1.73M | -171.66K | -387.75K |
| Change in Accounts Receivable | 717.97K | 2.19M | 31.15K | -78.80K | ||
| Change in Accounts Payable | -4.91K | 1.35M | 737.33K | -335.37K | -453.93K | 680.85K |
| Change in Unearned Revenue | 612.71K | -126.92K | 10.60K | -494.89K | 341.96K | -143.23K |
| Change in Other Net Operating Assets | -430.52K | -1.35M | 11.64K | -491.88K | -384.25K | -536.08K |
| Operating Cash Flow | -566.11K | 1.08M | -3.02M | -1.08M | -2.96M | 1.27M |
| Capital Expenditures | -78.69K | -280.15K | ||||
| Cash Acquisitions | -4.00M | -85.00K | -2.94M | |||
| Sale (Purchase) of Intangibles | 858.85K | |||||
| Investing Cash Flow | -78.69K | -4.28M | -85.00K | -2.94M | 858.85K | |
| Issuance of Common Stock | 39.77K | 13.93M | ||||
| Repurchase of Common Stock | -171.74K | -301.05K | -7.21K | -997.92K | ||
| Other Financing Activities | 1.35M | |||||
| Financing Cash Flow | -171.74K | 1.05M | 39.77K | -7.21K | -997.92K | 13.93M |
| Net Cash Flow | -816.54K | -2.15M | -2.98M | -1.17M | -6.90M | 16.05M |
| Free Cash Flow | -644.80K | 796.58K | -3.02M | -1.08M | -2.96M | 1.27M |
| Free Cash Flow Margin | -2.56% | 3.37% | -274.91% | -112.23% | -26.91% | 9.53% |
| Free Cash Flow Per Share | -0.05 | 0.06 | -0.33 | -0.12 | -0.31 | 0.16 |
| Levered Free Cash Flow | 2.57M | 583.63K | -63.37K | -2.22M | -1.48M | 2.40M |
| Unlevered Free Cash Flow | 2.57M | 583.63K | -63.37K | -2.22M | -1.48M | 2.40M |
| Cash Income Tax Paid | 2.33M | 2.33M | 71.76K | |||
| Change in Working Capital | 895.25K | 2.06M | 759.57K | -1.32M | -465.07K | -77.26K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 21.64M | 22.51M | 18.38M | 21.58M | 12.34M | 27.92M |
| Enterprise Value | 18.36M | 16.54M | 6.42M | 8.01M | -2.98M | 17.47M |
| Last Close Price | 1.55 | 1.72 | 1.99 | 2.34 | 1.32 | 2.84 |
| PE Ratio | 21.09 | |||||
| Forward PE | 203.50 | 203.50 | 66.33 | 66.33 | 161.33 | |
| PS Ratio | 0.83 | 0.95 | 16.74 | 22.43 | 1.12 | 2.10 |
| PB Ratio | 1.25 | 1.24 | 1.54 | 1.07 | 0.59 | 1.11 |
| P/TBV Ratio | 5.77 | 4.58 | 1.83 | 1.24 | 1.11 | 1.51 |
| P/FCF Ratio | 28.25 | 22.07 | ||||
| P/OCF Ratio | 20.90 | 22.07 | ||||
| EV/Sales Ratio | 0.70 | 0.70 | 5.85 | 8.33 | 1.32 | |
| EV/EBITDA Ratio | 10.55 | |||||
| EV/EBIT Ratio | 13.60 | |||||
| EV/FCF Ratio | 20.77 | 13.80 | ||||
| Debt / Equity Ratio | 0.26 | 0.06 | 0.01 | 0.00 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 10.43 | 13.89 | 0.14 | |||
| Debt / FCF Ratio | 1.44 | 0.19 | ||||
| Net Debt / Equity Ratio | -0.20 | -0.34 | -0.88 | -0.67 | -0.69 | -0.85 |
| Net Debt / EBITDA Ratio | 5.83 | 7.58 | 4.21 | 4.69 | 4.89 | -12.92 |
| Net Debt / FCF Ratio | 5.08 | -7.85 | 3.48 | 12.50 | 4.93 | -16.91 |
| Asset Turnover | 0.87 | 1.13 | 0.06 | 0.04 | 0.41 | 0.62 |
| Quick Ratio | 1.12 | 1.24 | 3.02 | 4.36 | 4.06 | 5.93 |
| Current Ratio | 1.40 | 1.57 | 3.17 | 4.71 | 4.21 | 6.00 |
| Return on Equity (ROE) | -20.68% | -13.01% | -26.65% | -13.07% | -14.83% | 7.59% |
| Return on Assets (ROA) | -5.80% | -10.04% | -10.44% | -9.37% | -8.40% | 3.78% |
| Return on Invested Capital (ROIC) | -19.61% | -50.56% | -82.74% | -56.72% | -72.69% | 30.08% |
| Return on Capital Employed (ROCE) | -13.50% | -18.00% | -26.90% | -17.80% | -16.80% | 5.10% |
| Earnings Yield | -17.22% | -8.69% | -45.84% | -4.95% | -27.66% | 4.74% |
| FCF Yield | -3.09% | 3.54% | -16.43% | -5.00% | -23.97% | 4.53% |
| Buyback Yield / Dilution | -16.24% | -41.82% | -0.05% | 4.32% | -23.43% | -13.38% |