Igen Networks Corp Financials

IGEN

FY2022 annual

Revenue $318K +18.2% YoY

Net Income -$908K +73.5% YoY

EPS (Diluted) Not reported for FY2022

Free Cash Flow Not reported for FY2022

Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2023 Currency USD FYE December

Igen Networks Corp (IGEN) reported $318K in revenue for fiscal year 2022, up 18.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI IGEN FY2022 2026-08-15

External financing has been carrying a subscale operating model whose revenue still does not fund its own cost base.

Across FY2020-FY2022, operating cash outflow stayed near -$900K each year while financing cash inflow arrived in nearly the same range, so the business was effectively funded one year at a time by new capital rather than by customer receipts. That matters more than the FY2022 net loss of -$908K, because the cash-flow pattern shows the operating model itself has not yet begun to self-finance.

FY2022 ended with $0 cash and a current ratio of 0.04x, leaving almost no liquid cushion for routine obligations. Current liabilities of $1.19M exceeded total assets of $616K, so the balance sheet is being supported more by creditor tolerance than by readily available resources.

The business is still operating below efficient scale: FY2022 posted a negative gross margin of -1.4%, so revenue did not fully cover direct service costs before overhead or interest. Goodwill of $506K represented about 82.0% of assets, which means much of the asset base is accounting value rather than liquid support for liabilities.

Financial Health Signals

Financial health score not available

Igen Networks Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-52.60

Igen Networks Corp scores -52.60, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($323K) relative to total liabilities ($1.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak

2/9

Igen Networks Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Igen Networks Corp reported a net loss of $908K while operations used $978K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Igen Networks Corp reported an operating loss of $972K against $152K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$318K

YoY+18.2%

5Y CAGR-25.1%

10Y CAGR+9.0%

Igen Networks Corp generated $318K in revenue in fiscal year 2022. This represents an increase of 18.2% from the prior year.

Net Income

-$908K

YoY+73.5%

Igen Networks Corp reported -$908K in net income in fiscal year 2022. This represents an increase of 73.5% from the prior year.

EBITDA

Not reported for fiscal year 2022.

EPS (Diluted)

Not reported for fiscal year 2022.

Cash & Balance Sheet

Cash & Debt

YoY-100.0%

Igen Networks Corp held $0 in cash against $794K in long-term debt as of fiscal year 2022.

Shares Outstanding

1.89B

YoY+28.0%

Igen Networks Corp had 1.89B shares outstanding in fiscal year 2022. This represents an increase of 28.0% from the prior year.

Free Cash Flow

Not reported for fiscal year 2022.

Dividends Per Share

Not reported for fiscal year 2022.

Margins & Returns

Gross Margin

-1.4%

YoY-55.4pp

5Y CAGR-37.3pp

Igen Networks Corp's gross margin was -1.4% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is down 55.4 percentage points from the prior year.

Operating Margin

Not shown for fiscal year 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for fiscal year 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for fiscal year 2022.

Capital Allocation

None of these metrics is reported for fiscal year 2022.

IGEN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

IGEN annual income statement

Metric	TTM	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09	FY08
Revenue	$180K	$318K+18.2%	$269K-26.9%	$368K-49.2%	$724K-39.6%	$1.2M-11.0%	$1.3M+17.8%	$1.1M+10.4%	$1.0M+42.9%	$725K+398.5%	$145K+7.9%	$135K+4465.5%	$3K	N/A	N/A	N/A
Cost of Revenue	$126K	$323K+160.6%	$124K-54.4%	$271K-47.4%	$516K-20.2%	$646K-25.2%	$864K+15.4%	$748K+4.4%	$717K+68.2%	$426K	$0	N/A	N/A	N/A	N/A	N/A
Gross Profit	$54K	-$5K-103.1%	$145K+50.2%	$97K-53.5%	$208K-60.8%	$530K+9.7%	$483K+22.4%	$395K+23.8%	$319K+6.9%	$298K+105.3%	$145K	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$289K	$401K-5.3%	$423K-5.7%	$449K-7.3%	$484K-38.0%	$781K+20.3%	$650K+59.5%	$407K+159.8%	$157K-0.4%	$157K-16.9%	$189K+23.2%	$154K+175.1%	$56K+44.7%	$39K	N/A	N/A
Operating Income	N/A	-$972K+70.9%	-$3.3M-243.4%	-$974K-20.9%	-$806K+30.7%	-$1.2M-3.2%	-$1.1M-40.3%	-$803K+39.2%	-$1.3M-112.7%	-$620K-18.4%	-$524K-47.4%	-$355K	N/A	N/A	N/A	N/A
Interest Expense	$199K	$152K+452.0%	$28K-88.6%	$242K+2394.2%	$10K+16.5%	$8K-74.4%	$33K+272.0%	$9K-79.8%	$43K+245.9%	$13K-4.0%	$13K	$0-100.0%	$3K-85.8%	$20K	N/A	N/A
Income Tax	N/A	$800-1.0%	$808	$0	$0-100.0%	$10K-87.5%	$80K	$0	$0	$0	$0	$0	$0	N/A	N/A	N/A
Net Income	N/A	-$908K+73.5%	-$3.4M-29.9%	-$2.6M-451.0%	-$479K+59.2%	-$1.2M+9.4%	-$1.3M-55.1%	-$837K+48.1%	-$1.6M-115.6%	-$748K-26.0%	-$594K-33.5%	-$445K+49.2%	-$876K+70.6%	-$3.0M-824.9%	-$323K-595.0%	-$46K

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Revenue	$48K+32.2%	$36K-23.3%	$47K-2.1%	$48K-63.4%	$132K+43.1%	$92K+98.8%	$46K-3.6%	$48K
Cost of Revenue	$17K-36.3%	$27K-1.6%	$27K-50.2%	$55K-66.1%	$161K+75.1%	$92K+535.4%	$14K+135.8%	-$40K
Gross Profit	$31K+226.9%	$9K-52.8%	$20K+406.4%	-$7K+78.0%	-$30K-23830.6%	-$124-100.4%	$32K-64.1%	$88K
SG&A Expenses	$26K-73.1%	$98K+13.6%	$86K+10.3%	$78K-42.2%	$136K-8.9%	$149K+289.5%	$38K-2.4%	$39K
Operating Income	-$75K	N/A	-$115K+44.2%	-$205K+42.1%	-$355K-55.6%	-$228K-23.9%	-$184K+92.2%	-$2.4M
Interest Expense	$46K+14.0%	$40K-14.4%	$47K-29.7%	$66K+125.6%	$29K-26.3%	$40K+145.8%	$16K+121.5%	$7K
Income Tax	N/A	N/A	$0	N/A	N/A	N/A	$0	N/A
Net Income	-$178K	N/A	-$117K+68.5%	-$371K-2.7%	-$361K-3512.3%	$11K+105.7%	-$186K+92.5%	-$2.5M

Not reported in any period shown, so not listed: R&D Expenses, EPS (Diluted).

TTM is the trailing twelve months, Q4 FY2022 through Q3 FY2023, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

IGEN Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

IGEN annual balance sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09	FY08
Total Assets	$616K-19.1%	$762K+29.7%	$588K+10.4%	$532K-18.4%	$652K+1.7%	$641K-16.4%	$766K+19.0%	$644K-45.6%	$1.2M+102.6%	$584K+42.6%	$410K-21.9%	$525K-70.3%	$1.8M	N/A	N/A
Current Assets	$52K-70.2%	$174K+112.6%	$82K+209.7%	$26K-81.9%	$146K+10.5%	$132K-47.9%	$253K+109.5%	$121K-70.7%	$412K+117.8%	$189K+24.1%	$153K-31.9%	$224K+29910.6%	$746	N/A	N/A
Cash & Equivalents	$0-100.0%	$64K+141.0%	$27K	$0-100.0%	$57K+5.9%	$54K-0.1%	$54K+59.8%	$34K-40.4%	$56K+382.3%	$12K-67.4%	$36K-81.8%	$197K+26351.9%	$746+2160.6%	$33	N/A
Inventory	$30K-57.7%	$71K+248.0%	$20K+372.0%	$4K-88.2%	$37K+1551.4%	$2K-87.1%	$17K-41.9%	$30K+110.2%	$14K	$0	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	$162K+219.5%	$51K-83.0%	$299K+78.5%	$168K+56.9%	$107K+3523.5%	$3K	N/A	N/A	N/A
Goodwill	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K	$0	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6M+16.2%	$1.4M-6.0%	$1.5M+7.3%	$1.4M+12.5%	$1.2M-28.2%	$1.7M+6.6%	$1.6M+111.3%	$746K+38.1%	$540K+56.6%	$345K+299.6%	$86K+5.6%	$82K-87.9%	$675K	N/A	N/A
Current Liabilities	$1.2M+9.4%	$1.1M-6.0%	$1.2M-10.3%	$1.3M+13.7%	$1.1M	N/A	$1.5M+101.4%	$746K+62.2%	$460K+180.9%	$164K+89.6%	$86K	N/A	N/A	N/A	N/A
Long-Term Debt	$794K+103.3%	$391K-12.7%	$447K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$978K-40.9%	-$694K+24.8%	-$923K-7.4%	-$859K-54.4%	-$557K+46.6%	-$1.0M-28.4%	-$811K-692.9%	-$102K-115.9%	$643K+169.0%	$239K-26.0%	$323K-27.0%	$443K-59.4%	$1.1M+407.4%	-$355K-984.5%	-$33K
Retained Earnings	-$20.2M-5.7%	-$19.1M-25.6%	-$15.2M-30.6%	-$11.6M-5.3%	-$11.0M-8.1%	-$10.2M-14.5%	-$8.9M-16.3%	-$7.7M-26.6%	-$6.1M-14.1%	-$5.3M	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Total Assets	$33K-1.9%	$34K-94.3%	$593K-3.9%	$616K-13.5%	$712K-14.0%	$828K-0.9%	$836K+9.7%	$762K
Current Assets	$33K-1.9%	$34K-1.6%	$34K-33.7%	$52K-63.4%	$142K-43.6%	$252K-0.7%	$254K+45.7%	$174K
Cash & Equivalents	$0	$0	$0	$0-100.0%	$84K+56.4%	$53K+51.0%	$35K-45.1%	$64K
Inventory	$33K-1.6%	$34K0.0%	$34K+12.4%	$30K-37.4%	$48K-64.8%	$137K-27.6%	$189K+165.5%	$71K
Goodwill	$0	$0-100.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K
Total Liabilities	$1.5M+2.5%	$1.4M+0.1%	$1.4M-9.3%	$1.6M+1.6%	$1.6M+10.7%	$1.4M-6.6%	$1.5M+10.7%	$1.4M
Current Liabilities	$1.2M+6.7%	$1.2M-2.4%	$1.2M+1.0%	$1.2M+15.9%	$1.0M-0.1%	$1.0M-11.4%	$1.2M+6.7%	$1.1M
Long-Term Debt	$944K+8.0%	$874K+947.8%	$83K-89.5%	$794K+9.5%	$726K+10.3%	$658K+15.5%	$570K+45.8%	$391K
Total Equity	-$1.4M-2.6%	-$1.4M-47.7%	-$956K+2.2%	-$978K-14.1%	-$857K-14.8%	-$747K+6.0%	-$794K-14.5%	-$694K
Retained Earnings	-$21.2M-1.0%	-$21.0M-3.3%	-$20.3M-0.9%	-$20.2M-2.2%	-$19.7M-1.9%	-$19.4M-0.1%	-$19.4M-1.5%	-$19.1M

IGEN Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

IGEN annual cash flow statement

Metric	TTM	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09	FY08
Operating Cash Flow	-$377K	-$978K-1.6%	-$963K-10.1%	-$874K-33.0%	-$658K+44.0%	-$1.2M-71.8%	-$684K-123.9%	-$305K+6.8%	-$328K+22.8%	-$424K-45.5%	-$292K+29.2%	-$412K-74.3%	-$236K-31.9%	-$179K	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$747	N/A	N/A	$3K+16.0%	$2K+586.2%	$347-95.8%	$8K+667.4%	$1K	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$1.2M	N/A	N/A	-$330K+22.6%	-$427K-46.1%	-$292K+30.5%	-$420K-77.0%	-$238K	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	-$747	N/A	$0+100.0%	-$13K-132.8%	$40K+11711.2%	-$347+99.4%	-$59K-14.8%	-$51K+89.1%	-$467K	N/A	N/A
Financing Cash Flow	$294K	$914K-8.7%	$1.0M+11.1%	$901K+50.0%	$601K-47.4%	$1.1M+63.6%	$699K+111.1%	$331K+6.0%	$312K-27.6%	$431K+59.4%	$271K-12.5%	$309K-36.1%	$484K-25.2%	$647K	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	$8K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Operating Cash Flow	-$26K-48.6%	-$18K+79.7%	-$86K+65.1%	-$247K-16.9%	-$212K+1.9%	-$216K+28.9%	-$303K-72.0%	-$176K
Financing Cash Flow	$26K+48.6%	$18K-79.7%	$86K-47.3%	$164K-32.2%	$242K+3.4%	$234K-14.8%	$274K+49.6%	$183K
Dividends Paid	$21K+822.1%	$2K-91.7%	$28K	N/A	$22K+225.5%	$7K-90.1%	$69K	N/A

Not reported in any period shown, so not listed: Share Buybacks.

IGEN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

IGEN annual financial ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09	FY08
Gross Margin	-1.4%-55.4pp	54.0%+27.7pp	26.3%-2.4pp	28.7%-15.5pp	44.2%+8.4pp	35.9%+1.3pp	34.5%+3.7pp	30.8%-10.4pp	41.2%-58.8pp	100.0%	N/A	N/A	N/A	N/A	N/A
Operating Margin	-305.8%	-1244.1%	-264.8%	-111.3%	-97.0%-13.3pp	-83.6%-13.4pp	-70.2%	-127.4%	-85.6%	-360.4%	-263.9%	N/A	N/A	N/A	N/A
Net Margin	-285.4%	-1275.0%	-717.2%	-66.2%+31.9pp	-98.0%-1.7pp	-96.3%-23.1pp	-73.2%	-155.7%	-103.3%	-408.6%	-330.3%	-29684.0%	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-116.3%+132.0pp	-248.3%-110.7pp	-137.5%+60.1pp	-197.7%+75.4pp	-273.1%	N/A	N/A
Return on Assets	-147.3%+302.8pp	-450.1%-0.8pp	-449.3%-359.2pp	-90.0%+90.3pp	-180.4%+22.2pp	-202.6%-93.4pp	-109.2%+141.3pp	-250.4%-187.2pp	-63.2%+38.4pp	-101.6%+6.9pp	-108.6%+58.3pp	-166.8%+1.9pp	-168.8%	N/A	N/A
Current Ratio	0.04-0.1x	0.16+0.1x	0.07+0.1x	0.02-0.1x	0.13	N/A	0.170.0x	0.16-0.7x	0.90-0.3x	1.16-0.6x	1.77	N/A	N/A	N/A	N/A
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.84-0.6x	1.44+1.2x	0.27+0.1x	0.18-0.4x	0.62	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	-98.1%	N/A	N/A	-31.9%+27.0pp	-58.9%	-200.9%	-312.0%	-8051.0%	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Gross Margin	64.3%+38.3pp	26.0%-16.3pp	42.3%+55.8pp	-13.5%+9.0pp	-22.6%-22.4pp	-0.1%-68.8pp	68.7%	184.4%
Operating Margin	-156.5%	N/A	-242.8%	-426.3%	-269.7%	-247.9%	-397.8%	-4943.4%
Net Margin	-372.1%	N/A	-247.4%	-769.6%	-274.4%	11.5%	-402.3%	-5185.8%
Return on Assets	-534.5%	N/A	-19.7%+40.5pp	-60.2%-9.5pp	-50.7%-52.0pp	1.3%+23.5pp	-22.3%+304.3pp	-326.6%
Current Ratio	0.030.0x	0.030.0x	0.030.0x	0.04-0.1x	0.14-0.1x	0.250.0x	0.22+0.1x	0.16

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Note: Shareholder equity is negative (-$978K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Igen Networks Corp Ranks

Frequently Asked Questions

What is Igen Networks Corp's annual revenue?

Igen Networks Corp (IGEN) reported $318K in total revenue for fiscal year 2022. This represents a 18.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Igen Networks Corp's revenue growing?

Igen Networks Corp (IGEN) revenue grew by 18.2% year-over-year, from $269K to $318K in fiscal year 2022.

Is Igen Networks Corp profitable?

No, Igen Networks Corp (IGEN) reported a net income of -$908K in fiscal year 2022.

How much debt does Igen Networks Corp have?

As of fiscal year 2022, Igen Networks Corp (IGEN) had $0 in cash and equivalents against $794K in long-term debt.

What is Igen Networks Corp's gross margin?

Igen Networks Corp (IGEN) had a gross margin of -1.4% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is Igen Networks Corp's operating cash flow?

Igen Networks Corp (IGEN) recorded an outflow of $978K in operating cash flow during fiscal year 2022, representing cash used by core business activities.

What are Igen Networks Corp's total assets?

Igen Networks Corp (IGEN) had $616K in total assets as of fiscal year 2022, including both current and long-term assets.

How many shares does Igen Networks Corp have outstanding?

Igen Networks Corp (IGEN) had 1.89B shares outstanding as of fiscal year 2022.

What is Igen Networks Corp's current ratio?

Igen Networks Corp (IGEN) had a current ratio of 0.04 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Igen Networks Corp's return on assets (ROA)?

Igen Networks Corp (IGEN) had a return on assets of -147.3% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Igen Networks Corp's cash runway?

Based on fiscal year 2022 data, Igen Networks Corp (IGEN) had $0 in cash against an annual operating cash burn of $978K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Igen Networks Corp's debt-to-equity ratio negative or not reported?

Igen Networks Corp (IGEN) has negative shareholder equity of -$978K as of fiscal year 2022, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Igen Networks Corp's Altman Z-Score?

Igen Networks Corp (IGEN) has an Altman Z-Score of -52.60, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Igen Networks Corp's Piotroski F-Score?

Igen Networks Corp (IGEN) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Igen Networks Corp's earnings high quality?

Igen Networks Corp (IGEN) reported a net loss of $908K while operations used $978K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Igen Networks Corp cover its interest payments?

Igen Networks Corp (IGEN) reported an operating loss of $972K against $152K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.