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IronNet (IronNet) EBIT : $-35.52 Mil (TTM As of Oct. 2023)


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What is IronNet EBIT?

IronNet's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2023 was $-5.42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was $-35.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IronNet's annualized ROC % for the quarter that ended in Oct. 2023 was -49.31%. IronNet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -361.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IronNet's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -110.02%.


IronNet EBIT Historical Data

The historical data trend for IronNet's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IronNet EBIT Chart

IronNet Annual Data
Trend Jan21 Jan22 Jan23
EBIT
-55.21 -241.03 -109.68

IronNet Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -31.69 -16.57 -7.91 -5.62 -5.42

Competitive Comparison of IronNet's EBIT

For the Software - Infrastructure subindustry, IronNet's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IronNet's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, IronNet's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where IronNet's EV-to-EBIT falls into.



IronNet EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-35.52 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


IronNet  (OTCPK:IRNTQ) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

IronNet's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

ROC % (Q: Oct. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2023 ) + Invested Capital (Q: Oct. 2023 ))/ count )
=-18.768 * ( 1 - 0.02% )/( (52.862 + 23.247)/ 2 )
=-18.7642464/38.0545
=-49.31 %

where

Note: The Operating Income data used here is four times the quarterly (Oct. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

IronNet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Oct. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-21.684/( ( (5.429 + max(-18.829, 0)) + (6.579 + max(-23.225, 0)) )/ 2 )
=-21.684/( ( 5.429 + 6.579 )/ 2 )
=-21.684/6.004
=-361.16 %

where Working Capital is:

Working Capital(Q: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.84 + 2.643 + 4.897) - (13.107 + 15.431 + 0.67100000000001)
=-18.829

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.234 + 0.872 + 4.962) - (15.674 + 12.929 + 0.69)
=-23.225

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

IronNet's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Oct. 2023 )
=-35.523/32.289
=-110.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


IronNet EBIT Related Terms

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IronNet (IronNet) Business Description

Traded in Other Exchanges
N/A
Address
7900 Tysons One Place, Suite 400, McLean, VA, USA, 22102
IronNet Inc is a cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale.
Executives
Linda Kay Zecher director, officer: Chief Executive Officer C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Donald Closser officer: Chief Product Officer C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102
Cameron Pforr officer: Chief Financial Officer C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102
James C Gerber officer: Chief Financial Officer C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102
William E Welch director, officer: Co-CEO & Director C/O ZSCALER INC, 110 ROSE ORCHARD WAY, SAN JOSE CA 95134
Michael J Rogers director C/O IRONNET, INC., 7900 TYSONS ONCE PLACE, SUITE 400, MCLEAN VA 22102
John M Keane director C/O METLIFE INC, ONE MADISON AVE, NEW YORK NY 10010
Keith Brian Alexander director, officer: Co-CEO, President & Chairman P.O. BOX 81226, SEATTLE WA 98108-1226
Forgepoint Cybersecurity Fund I, L.p. 10 percent owner 400 S. EL CAMINO REAL, SUITE 1050, SAN MATEO CA 94402
Forgepoint Cybersecurity Gp-i, Llc 10 percent owner 400 S EL CAMINO REAL SUITE 1050, SAN MATEO CA 94402
Andre Pienaar director C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102
Sean Foster officer: Chief Revenue Officer C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102
Russell Cobb officer: Chief Marketing Officer C/O IRONNET, INC., 7900 TYSONS ONE PLACE, SUITE 400, MCLEAN VA 22102
Forgepoint Cyber Co-investors I-e, L.p. 10 percent owner 400 S. EL CAMINO REAL, SUITE 1050, SAN MATEO CA 94402
Forgepoint Cyber Co-investors I-c, L.p. 10 percent owner 400 S. EL CAMINO REAL, SUITE 1050, SAN MATEO CA 94402