IGEN NETWORKS CORP (IGEN) Financials

IGEN

FY2022 annual

Revenue $318K +18.2% YoY

Net Income -$908K +73.5% YoY

Operating Cash Flow -$978K -1.6% YoY

Gross Profit -$5K -103.1% YoY

Market Cap $323K as of Oct 5, 2026

Price / Sales 1.8x on $180K revenue, trailing 12 months to September 30, 2023

Price / Earnings n/m net loss, so no earnings multiple, FY2022

Price / Book n/m negative shareholder equity, so no book multiple, Q3 FY2023

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2023, ended Sep 30, 2023 Reported Nov 20, 2023 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2023, filed Nov 20, 2023. Each column of the statement tables below links to the filing it was taken from.

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 2026-10-03

The business remains financing-dependent: 2022 sales barely covered direct costs, while losses and liabilities overwhelmed its operating base.

Revenue rose from $269K in FY2021 to $318K, but gross margin deteriorated from 54.0% to -1.4%; the recovery therefore did not improve the underlying economics. Sales growth was accompanied by costs exceeding revenue, rather than by better absorption of the operating structure.

External financing is funding operations: the company recorded an operating cash outflow of $978K in FY2022, nearly offset by $914K of financing inflow. Across the reported periods, accounting losses consistently required financing support rather than being converted into internally generated cash.

The balance sheet compounds the operating weakness: FY2022 liabilities of $1.6M exceeded $616K of assets, while the current ratio was 0.0x, indicating little short-term asset coverage for obligations. Interest expense rose from $28K in FY2021 to $152K in FY2022, adding financing pressure while losses persisted.

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

$48K

YoY-63.6%

QoQ+32.2%

5Y CAGR-34.1%

10Y CAGR+4.7%

IGEN NETWORKS CORP generated $48K in revenue in Q3 2023. This represents a decrease of 63.6% from the same quarter a year earlier. Against the prior quarter it is up 32.2%.

Net Income

-$178K

YoY+50.7%

IGEN NETWORKS CORP reported -$178K in net income in Q3 2023. This represents an increase of 50.7% from the same quarter a year earlier.

EBITDA

Not reported for Q3 2023.

EPS (Diluted)

Not reported for Q3 2023.

Cash & Balance Sheet

Cash & Debt

YoY-100.0%

IGEN NETWORKS CORP held $0 in cash against $944K in long-term debt as of Q3 2023.

Shares Outstanding

3.23B

QoQ+31.6%

5Y CAGR+119.5%

10Y CAGR+68.2%

IGEN NETWORKS CORP had 3.23B shares outstanding in Q3 2023. Against the prior quarter it is up 31.6%.

Free Cash Flow

Not reported for Q3 2023.

Dividends Per Share

Not reported for Q3 2023.

Margins & Returns

Gross Margin

64.3%

YoY+86.9pp

QoQ+38.3pp

5Y change-5.7pp

IGEN NETWORKS CORP's gross margin was 64.3% in Q3 2023, indicating the percentage of revenue retained after direct costs. This is up 86.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 38.3 percentage points.

Operating Margin

Not shown for Q3 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q3 2023: 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 Q3 2023.

Capital Allocation

None of these metrics is reported for Q3 2023.

IGEN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IGEN quarterly income statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K	FY0810-K
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
EBITDA	N/A	N/A	N/A	N/A	N/A	-$1.2M-3.3%	-$1.1M-41.6%	-$792K+39.1%	-$1.3M-115.8%	-$603K-15.9%	-$520K-47.4%	-$353K	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
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	68M+743.6%	8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Revenue	$48K-63.6%	$36K-60.6%	$47K+2.1%	$48K+0.5%	$132K+124.8%	$92K+10.8%	$46K-41.8%	$48K-35.5%
Cost of Revenue	$17K-89.4%	$27K-70.9%	$27K+88.0%	$55K+235.2%	$161K+225.4%	$92K+82.7%	$14K-77.5%	-$40K-129.8%
Gross Profit	$31K+203.8%	$9K+7696.0%	$20K-37.1%	-$7K-107.4%	-$30K-430.3%	-$124-100.4%	$32K+110.2%	$88K+244.3%
SG&A Expenses	$26K-80.6%	$98K-34.2%	$86K+125.8%	$78K+100.0%	$136K-11.5%	$149K-13.8%	$38K-34.5%	$39K-28.3%
Operating Income	-$75K+78.9%	N/A	-$115K+37.7%	-$205K+91.3%	-$355K-37.0%	-$228K+15.1%	-$184K+58.8%	-$2.4M-1079.4%
Interest Expense	$46K+54.8%	$40K+0.1%	$47K+187.6%	$66K+806.1%	$29K+461.0%	$40K+441.8%	$16K+113.8%	$7K-34.7%
Income Tax	N/A	N/A	$0	N/A	N/A	N/A	$0	N/A
Net Income	-$178K+50.7%	N/A	-$117K+37.2%	-$371K+85.1%	-$361K-37.6%	$11K+103.2%	-$186K+47.2%	-$2.5M-1820.5%

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

IGEN Balance Sheet

IGEN quarterly balance sheet

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K	FY0810-K
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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$227K+51.4%	$150K-40.1%	$250K-16.6%	$300K	$0	$0	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
Non-Current Liabilities	$408K+42.1%	$287K-5.8%	$305K+315.7%	$73K-5.6%	$78K+146.9%	-$166K-323.7%	$74K	$0-100.0%	$80K-55.7%	$181K	$0	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	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Total Assets	$33K-95.3%	$34K-95.9%	$593K-29.1%	$616K-19.1%	$712K+5.5%	$828K+33.9%	$836K+49.9%	$762K+29.7%
Current Assets	$33K-76.6%	$34K-86.5%	$34K-86.4%	$52K-70.2%	$142K-13.5%	$252K+122.7%	$254K+388.1%	$174K+112.6%
Cash & Equivalents	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$84K+45.3%	$53K-17.3%	$35K	$64K+141.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$33K-30.8%	$34K-75.2%	$34K-82.1%	$30K-57.7%	$48K-2.2%	$137K+683.1%	$189K+518.6%	$71K+248.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$0-100.0%	$0-100.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%	$506K0.0%
Total Liabilities	$1.5M-5.5%	$1.4M+2.0%	$1.4M-4.8%	$1.6M+16.2%	$1.6M+16.6%	$1.4M+0.1%	$1.5M+8.4%	$1.4M-6.0%
Current Liabilities	$1.2M+22.0%	$1.2M+14.1%	$1.2M+3.5%	$1.2M+9.4%	$1.0M-5.6%	$1.0M-13.5%	$1.2M+5.7%	$1.1M-6.0%
Non-Current Liabilities	$234K-57.1%	$277K-29.6%	$248K-31.4%	$408K+42.1%	$546K+107.8%	$394K+69.9%	$361K+18.0%	$287K-5.8%
Long-Term Debt	$944K+30.1%	$874K+32.9%	$83K-85.4%	$794K+103.3%	$726K	$658K	$570K	$391K-12.7%
Total Equity	-$1.4M-69.1%	-$1.4M-89.1%	-$956K-20.4%	-$978K-40.9%	-$857K-7.4%	-$747K+17.0%	-$794K+9.5%	-$694K+24.8%
Retained Earnings	-$21.2M-7.6%	-$21.0M-8.5%	-$20.3M-5.1%	-$20.2M-5.7%	-$19.7M-19.7%	-$19.4M-20.6%	-$19.4M-23.5%	-$19.1M-25.6%

Not reported in any period shown, so not listed: Accounts Receivable.

IGEN Cash Flow Statement

IGEN quarterly cash flow statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K	FY0810-K
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
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	$4K-17.4%	$4K-57.6%	$10K-44.2%	$18K+5.7%	$17K+386.8%	$4K+50.3%	$2K+2103.7%	$108	N/A	N/A	N/A
Stock-Based Compensation	N/A	$50K-98.1%	$2.6M+789.8%	$292K+351.9%	$65K+666.2%	$8K-95.0%	$168K+218.3%	$53K-89.0%	$480K+867.6%	$50K-66.9%	$150K	$0	$0-100.0%	$717K	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	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Operating Cash Flow	-$26K+87.7%	-$18K+91.9%	-$86K+71.5%	-$247K-40.2%	-$212K+30.3%	-$216K+20.9%	-$303K-44.3%	-$176K+34.4%
Stock-Based Compensation	N/A	N/A	$39K+183.6%	N/A	N/A	N/A	$14K-95.1%	N/A
Financing Cash Flow	$26K-89.2%	$18K-92.5%	$86K-68.5%	$164K-10.6%	$242K-18.5%	$234K-30.7%	$274K+49.4%	$183K-32.5%
Dividends Paid	$21K-4.0%	$2K-66.1%	$28K-59.9%	N/A	$22K	$7K	$69K	N/A

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Share Buybacks.

IGEN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IGEN quarterly financial ratios

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K	FY0810-K
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
Asset Turnover	0.52+0.2x	0.35-0.3x	0.63-0.7x	1.36-0.5x	1.84-0.3x	2.10+0.6x	1.49-0.1x	1.61+1.0x	0.61+0.4x	0.25-0.1x	0.33+0.3x	0.01	N/A	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	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Gross Margin	64.3%+86.9pp	26.0%+26.1pp	42.3%-26.4pp	-13.5%	-22.6%-37.9pp	-0.1%-39.4pp	68.7%+49.6pp	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%-483.8pp	N/A	-19.7%+2.5pp	-60.2%+266.4pp	-50.7%-11.9pp	1.3%+53.9pp	-22.3%+41.0pp	-326.6%-304.6pp
Current Ratio	0.03-0.1x	0.03-0.2x	0.03-0.2x	0.04-0.1x	0.140.0x	0.25+0.2x	0.22+0.2x	0.16+0.1x
Asset Turnover	1.44+1.3x	1.07+1.0x	0.080.0x	0.080.0x	0.18+0.1x	0.110.0x	0.06-0.1x	0.06-0.1x

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, FCF Margin.

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: Gross Margin, Operating Margin, Net 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.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
IGEN NETWORKS CORP IGEN	FY2022	$318K	-$908K	N/A	$323K	—
EHAVE INC EHVVF	FY2025	$2K	-$2.5M	N/A	$1.3M	—
GETAROUND INC GETR	FY2023	$72.7M	-$113.9M	N/A	$13.3M	—

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 2.01B 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 P/E ratio?

IGEN NETWORKS CORP (IGEN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2022). The market capitalization is $323K as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is IGEN NETWORKS CORP's price-to-sales ratio?

IGEN NETWORKS CORP (IGEN) trades at 1.8x sales, its market capitalization divided by revenue of $180K revenue, trailing 12 months to September 30, 2023. The market capitalization is $323K as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does IGEN NETWORKS CORP's liquidity compare with its operating cash outflow?

At the end of fiscal year 2022, IGEN NETWORKS CORP (IGEN) held $0 in cash, cash equivalents and investments, and reported an operating cash outflow of $978K over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

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.