AS-IP Tech Financials
This page shows AS-IP Tech (IPTK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
Financial Health Signals
AS-IP Tech passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, AS-IP Tech generates $0.52 in operating cash flow (-$1.1M OCF vs -$2.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
AS-IP Tech earns $-4.6 in operating income for every $1 of interest expense (-$1.3M vs $280K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
AS-IP Tech generated $0 in revenue in fiscal year 2022. This represents a decrease of 100.0% from the prior year.
AS-IP Tech reported -$2.2M in net income in fiscal year 2022. This represents a decrease of 57.3% from the prior year.
AS-IP Tech held $108K in cash against $0 in long-term debt as of fiscal year 2022.
AS-IP Tech had 279M shares outstanding in fiscal year 2022. This represents an increase of 9.2% from the prior year.
IPTK Income Statement
| Metric | Q3'23 | Q3'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19K-23.9% | $25K-59.3% | $62K+538.6% | $10K | $0 | $0 | $0-100.0% | $9K |
| Cost of Revenue | $5K-52.1% | $10K-61.0% | $24K | N/A | $80K | N/A | N/A | N/A |
| Gross Profit | $15K-6.7% | $16K-58.2% | $37K+12.6% | $33K+141.3% | -$80K | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $135K-8.9% | $149K-13.9% | $173K+92.2% | $90K-29.4% | $127K-67.7% | $394K+168.1% | $147K+304.5% | -$72K |
| Operating Income | -$164K+6.8% | -$176K+15.1% | -$207K | N/A | -$191K+61.4% | -$495K-143.4% | -$203K-52.6% | -$133K |
| Interest Expense | $56K+5.0% | $53K+4.7% | $51K+74.9% | $29K-73.3% | $108K-44.0% | $193K+195.3% | $65K-35.2% | $101K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$241K+3.7% | -$251K+10.4% | -$280K-5.8% | -$264K+18.8% | -$325K+56.1% | -$740K-154.9% | -$290K+59.3% | -$713K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IPTK Balance Sheet
| Metric | Q3'23 | Q3'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $29K-31.2% | $42K+40.9% | $30K-77.4% | $133K-40.0% | $222K-53.4% | $476K+81.3% | $263K+66.8% | $158K |
| Current Assets | $29K-31.2% | $42K+40.9% | $30K-77.4% | $133K-40.0% | $222K-53.4% | $476K+81.3% | $263K+66.8% | $158K |
| Cash & Equivalents | $4K-76.0% | $17K+242.1% | $5K-95.3% | $108K-19.4% | $134K-61.8% | $351K+33.4% | $263K+66.8% | $158K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $30K+41.4% | $21K+7.0% | $20K+269.9% | $5K-88.6% | $46K | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.7M+2.9% | $2.6M+8.7% | $2.4M+5.3% | $2.3M-12.3% | $2.6M-4.6% | $2.8M-4.1% | $2.9M+94.9% | $1.5M |
| Current Liabilities | $2.7M+171.7% | $999K+16.8% | $856K+7.2% | $798K-3.6% | $828K-18.5% | $1.0M-11.3% | $1.1M+34.0% | $854K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.7M-3.4% | -$2.6M-8.3% | -$2.4M-10.4% | -$2.2M+9.8% | -$2.4M-5.6% | -$2.3M+12.7% | -$2.6M-98.2% | -$1.3M |
| Retained Earnings | -$17.1M-1.4% | -$16.9M-1.5% | -$16.6M-1.7% | -$16.4M+1.2% | -$16.6M-2.0% | -$16.2M-4.8% | -$15.5M-9.1% | -$14.2M |
IPTK Cash Flow Statement
| Metric | Q3'23 | Q3'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$143K-101.6% | -$71K+51.9% | -$148K-60.4% | -$92K+57.9% | -$219K+63.5% | -$599K-185.4% | -$210K-80.5% | -$116K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $130K+56.0% | $83K+86.3% | $45K-32.4% | $66K+2842.9% | $2K-99.7% | $687K+117.9% | $315K+185.8% | $110K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IPTK Financial Ratios
| Metric | Q3'23 | Q3'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.1%+14.0pp | 62.1%+1.6pp | 60.5% | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1441.3% |
| Net Margin | -1232.4%-672.7pp | -559.7%-305.0pp | -254.7%+2473.3pp | -2728.0%-2728.5pp | 0.5% | N/A | N/A | -7713.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -827.7%-236.4pp | -591.3%+338.0pp | -929.3%-871.8pp | -57.5%+89.0pp | -146.5%+8.8pp | -155.3%-44.9pp | -110.4%+341.8pp | -452.3% |
| Current Ratio | 0.01-0.0 | 0.040.0 | 0.04-0.1 | 0.17-0.1 | 0.27-0.2 | 0.47+0.2 | 0.23+0.0 | 0.18 |
| Debt-to-Equity | -1.010.0 | -1.020.0 | -1.01+0.0 | -1.06+0.0 | -1.09+0.1 | -1.21-0.1 | -1.10+0.0 | -1.12 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$2.2M), 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 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is AS-IP Tech's annual revenue?
AS-IP Tech (IPTK) reported $0 in total revenue for fiscal year 2022. This represents a -100.0% 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 AS-IP Tech's revenue growing?
AS-IP Tech (IPTK) revenue declined by 100% year-over-year, from $74K to $0 in fiscal year 2022.
Is AS-IP Tech profitable?
No, AS-IP Tech (IPTK) reported a net income of -$2.2M in fiscal year 2022.
What is AS-IP Tech's operating cash flow?
AS-IP Tech (IPTK) generated -$1.1M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are AS-IP Tech's total assets?
AS-IP Tech (IPTK) had $133K in total assets as of fiscal year 2022, including both current and long-term assets.
How many shares does AS-IP Tech have outstanding?
AS-IP Tech (IPTK) had 279M shares outstanding as of fiscal year 2022.
What is AS-IP Tech's current ratio?
AS-IP Tech (IPTK) had a current ratio of 0.17 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is AS-IP Tech's debt-to-equity ratio?
AS-IP Tech (IPTK) had a debt-to-equity ratio of -1.06 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is AS-IP Tech's return on assets (ROA)?
AS-IP Tech (IPTK) had a return on assets of -1620.3% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is AS-IP Tech's cash runway?
Based on fiscal year 2022 data, AS-IP Tech (IPTK) had $108K in cash against an annual operating cash burn of $1.1M. This gives an estimated cash runway of approximately 1 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 AS-IP Tech's debt-to-equity ratio negative or unusual?
AS-IP Tech (IPTK) has negative shareholder equity of -$2.2M as of fiscal year 2022, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 AS-IP Tech's Piotroski F-Score?
AS-IP Tech (IPTK) has a Piotroski F-Score of 1 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are AS-IP Tech's earnings high quality?
AS-IP Tech (IPTK) has an earnings quality ratio of 0.52x, considered low quality (accrual-driven). 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 AS-IP Tech cover its interest payments?
AS-IP Tech (IPTK) has an interest coverage ratio of -4.6x, meaning it can struggle to cover its interest obligations. 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.