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iPass Inc (IPAS) Files 10-K for the Fiscal Year Ended on December 31, 2017

March 08, 2018 | About:

iPass Inc (NASDAQ:IPAS) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. iPass Inc provides global mobile connectivity, offering Wi-Fi access on any mobile device on the Wi-Fi network. The iPass SmartConnect platform takes the guesswork out of Wi-Fi, automatically connecting customers to the best hotspot for their needs. iPass Inc has a market cap of $27.450 million; its shares were traded at around $0.40 with and P/S ratio of 0.50. iPass Inc had annual average EBITDA growth of 13.80% over the past five years.

For the last quarter iPass Inc reported a revenue of $13.2 million, compared with the revenue of $16.12 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $54.4 million, a decrease of 14% from the previous year. For the last five years iPass Inc had an average revenue decline of 9.2% a year.

The reported loss per diluted share was 31 cents for the year, compared with the loss per share of $0.11 in the previous year. The iPass Inc had an operating margin of -36.88%, compared with the operating margin of -11.62% a year before. The 10-year historical median operating margin of iPass Inc is -15.43%. The profitability rank of the company is 2 (out of 10).

At the end of the fiscal year, iPass Inc has the cash and cash equivalents of $5.16 million, compared with $16.1 million in the previous year. The company had no long term debt. iPass Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $0.40, iPass Inc is traded at 50.6% discount to its historical median P/S valuation band of $0.81. The P/S ratio of the stock is 0.50, while the historical median P/S ratio is 0.99. The stock lost 69.35% during the past 12 months.

CEO Recent Trades:

  • CEO Gary A Griffiths bought 50,000 shares of IPAS stock on 02/27/2018 at the average price of $0.39.

CFO Recent Trades:

  • CFO Darin Vickery sold 24,631 shares of IPAS stock on 02/26/2018 at the average price of $0.41.

Directors and Officers Recent Trades:

  • Chief Commercial Officer Patricia Hume bought 20,000 shares of IPAS stock on 03/05/2018 at the average price of $0.4.

For the complete 20-year historical financial data of IPAS, click here.

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