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).
Tiny revenue and persistent negative equity show a business surviving on external funding rather than self-financing operations.
The balance sheet looked less immediately pinched in FY2022 than FY2020 because the current ratio recovered from 0.0x to 0.2x, meaning near-term bills were no longer backed by almost no current assets at all. But that softer liquidity pressure sat on top of liabilities of$2.3M and only$133K of assets, so the company improved day-to-day breathing room without repairing its underlying capital structure.
In FY2018, operating cash flow was
Even at its recent high, revenue was only
Financial Health Signals
Based on FY2022 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of AS-IP Tech's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
AS-IP Tech's revenue declined 100% year-over-year, from $74K to $0. This contraction results in a growth score of 0/100.
AS-IP Tech's current ratio of 0.17 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Key Financial Metrics
Earnings & Revenue
AS-IP Tech generated $0 in revenue in fiscal year 2022. This represents a decrease of 100.0% from the prior year.
Cash & Balance Sheet
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.
Margins & Returns
Capital Allocation
IPTK Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | $0 | $0 | $0-100.0% | $9K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | 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 | N/A | N/A | $127K-67.7% | $394K+168.1% | $147K+304.5% | -$72K |
| Operating Income | N/A | -$176K | N/A | N/A | -$191K+61.4% | -$495K-143.4% | -$203K | N/A |
| Interest Expense | $56K+5.0% | $53K+4.7% | $51K | N/A | $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 | N/A | N/A | N/A | N/A | -$325K+56.1% | -$740K-154.9% | -$290K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IPTK Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A | N/A | 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 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| 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 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 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 | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | 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 |
| Return on Assets | N/A | N/A | N/A | N/A | -146.5%+8.8pp | -155.3%-44.9pp | -110.4% | N/A |
| 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.
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.
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.
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.
How financially healthy is AS-IP Tech?
AS-IP Tech (IPTK) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.