AS-IP Tech Financials

IPTK

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2023 Currency USD FYE June

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).

Rhea AI IPTK FY2022 2026-04-22

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 -$659K while financing cash flow was $643K, showing the cash need was met externally rather than by operations. FY2021 repeated the same pattern, which suggests the entity periodically raises cash to cover overhead instead of having operations refill the cash balance.

Even at its recent high, revenue was only $74K in FY2021, far below FY2022 SG&A of $657K; the administrative cost shell is much larger than the sales engine. That imbalance helps explain why share count growth from 162.0M to 278.7M shares looks like dilution used to sustain the company, not growth capital supporting a scaled operating base.

Financial Health Signals

Financial health score pending refresh

We are recalculating AS-IP Tech's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

YoY-100.0%

AS-IP Tech generated $0 in revenue in fiscal year 2022. This represents a decrease of 100.0% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$108K

YoY-31.4%

5Y CAGR+13.8%

10Y CAGR+100.9%

AS-IP Tech held $108K in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

279M

YoY+9.2%

5Y CAGR+12.0%

10Y CAGR+13.9%

AS-IP Tech had 279M shares outstanding in fiscal year 2022. This represents an increase of 9.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

IPTK Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$0-100.0%	$74K+103.9%	$36K-29.1%	$51K-24.6%	$68K-60.3%	$171K
Cost of Revenue	N/A	N/A	N/A	$31K+89.9%	$16K-73.5%	$61K
Gross Profit	N/A	N/A	N/A	$51K-1.2%	$52K-53.0%	$110K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$657K+206.1%	$215K+25.1%	$172K+1.7%	$169K-1.9%	$172K+74.5%	$99K
Operating Income	N/A	-$660K	N/A	N/A	N/A	-$677K
Interest Expense	$280K+27.0%	$221K+68.3%	$131K-1.5%	$133K+71.8%	$77K+479.0%	$13K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	-$873K
EPS (Diluted)	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
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	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$133K-15.5%	$158K+594.4%	$23K-66.2%	$67K-50.9%	$137K-67.5%	$420K
Current Assets	$133K-15.5%	$158K+1659.3%	$9K-26.3%	$12K-70.0%	$40K-66.3%	$120K
Cash & Equivalents	$108K-31.4%	$158K+1659.3%	$9K+4565.6%	$192-99.5%	$40K-28.5%	$57K
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.3M+56.3%	$1.5M-36.1%	$2.3M+45.4%	$1.6M+22.3%	$1.3M+100.7%	$647K
Current Liabilities	$798K-6.5%	$854K-63.0%	$2.3M+45.4%	$1.6M+22.3%	$1.3M+100.7%	$647K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.2M-64.9%	-$1.3M+42.4%	-$2.3M-50.3%	-$1.5M-31.0%	-$1.2M-412.7%	-$227K
Retained Earnings	-$16.4M-15.2%	-$14.2M-10.7%	-$12.8M-6.3%	-$12.1M-6.7%	-$11.3M-9.8%	-$10.3M

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	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	N/A	-$417K	N/A	N/A	-$659K-11.8%	-$589K
Capital Expenditures	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
Investing Cash Flow	$0	$0	$0	$0	$0	$0
Financing Cash Flow	N/A	$566K	N/A	$313K-51.3%	$643K+10.5%	$582K
Dividends Paid	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

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	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	N/A	N/A	N/A	100.0%+23.7pp	76.3%+11.8pp	64.4%
Operating Margin	N/A	-894.0%	N/A	N/A	N/A	-397.0%
Net Margin	N/A	N/A	N/A	N/A	N/A	-511.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	-207.8%
Current Ratio	0.17-0.0	0.18+0.2	0.000.0	0.01-0.0	0.03-0.2	0.19
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	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
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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.

Similar Companies

Mynaric Ag MYNAY

$56K

METALERT INC MLRT

$185K

COMSovereign COMS

$5K

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.

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.

Why is AS-IP Tech's debt-to-equity ratio negative or not reported?

AS-IP Tech (IPTK) has negative shareholder equity of -$2.2M 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.