Financhill
Sell
35

IRD Quote, Financials, Valuation and Earnings

Last price:
$2.02
Seasonality move :
-17.2%
Day range:
$1.96 - $2.06
52-week range:
$0.65 - $2.59
Dividend yield:
0%
P/E ratio:
--
P/S ratio:
6.88x
P/B ratio:
23.35x
Volume:
217.6K
Avg. volume:
500.8K
1-year change:
87.04%
Market cap:
$139.3M
Revenue:
$11M
EPS (TTM):
-$1.72
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue -- $589K $39.9M $19M $11M
Revenue Growth (YoY) -- -- 6665.71% -52.2% -42.3%
 
Cost of Revenues -- $4K $4K $6K $10K
Gross Profit -- $585K $39.8M $19M $11M
Gross Profit Margin -- 99.32% 99.99% 99.97% 99.91%
 
R&D Expenses $6.6M $15.2M $14.4M $17.7M $26.9M
Selling, General & Admin $2.8M $8.1M $7.3M $12M $18.2M
Other Inc / (Exp) -$8.3M -$34M -$14K $1.9M -$23.5M
Operating Expenses $9.5M $23.3M $21.6M $29.6M $45.1M
Operating Income -$9.5M -$22.7M $18.2M -$10.6M -$34.1M
 
Net Interest Expenses -- $2K $9K -- --
EBT. Incl. Unusual Items -$24.6M -$56.7M $18.2M -$10M -$57.5M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- $315K $12K --
Net Income to Company -$24.6M -$56.7M $17.9M -$10M -$57.5M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$24.6M -$56.7M $17.9M -$10M -$57.5M
 
Basic EPS (Cont. Ops) -$5.28 -$3.82 $0.90 -$0.46 -$2.15
Diluted EPS (Cont. Ops) -$5.28 -$3.82 $0.87 -$0.46 -$2.15
Weighted Average Basic Share $4.7M $14.9M $19.9M $21.6M $26.7M
Weighted Average Diluted Share $4.7M $14.9M $20.6M $21.6M $26.7M
 
EBITDA -$17.8M -$22.7M $18.2M -$10.6M -$34.1M
EBIT -$17.8M -$22.7M $18.2M -$10.6M -$34.1M
 
Revenue (Reported) -- $589K $39.9M $19M $11M
Operating Income (Reported) -$9.5M -$22.7M $18.2M -$10.6M -$34.1M
Operating Income (Adjusted) -$17.8M -$22.7M $18.2M -$10.6M -$34.1M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $489K -- $11.9M $3.9M $3.1M
Revenue Growth (YoY) -- -100% -- -67.6% -20.38%
 
Cost of Revenues $1K $1K $1K -- $13K
Gross Profit $488K -$1K $11.9M -- $3.1M
Gross Profit Margin 99.8% -- 99.99% -- 99.58%
 
R&D Expenses $3.1M $2.8M $3.5M $9M $6.4M
Selling, General & Admin $1.6M $1.7M $2.1M $2.9M $5M
Other Inc / (Exp) $2K $7K $517K -$17K --
Operating Expenses $4.7M $4.5M $5.5M $8M $11.4M
Operating Income -$4.2M -$4.5M $6.4M -$8M -$8.3M
 
Net Interest Expenses -- -- -- -- $68K
EBT. Incl. Unusual Items -$4.2M -$4.5M $5.6M -$7.5M -$17.5M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- $14K -- --
Net Income to Company -$4.2M -$4.5M $5.6M -$7.5M -$17.5M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$4.2M -$4.5M $5.6M -$7.5M -$17.5M
 
Basic EPS (Cont. Ops) -$0.25 -$0.22 $0.26 -$0.29 -$0.25
Diluted EPS (Cont. Ops) -$0.25 -$0.22 $0.25 -$0.29 -$0.25
Weighted Average Basic Share $16.9M $20.5M $21.4M $26.1M $70.6M
Weighted Average Diluted Share $16.9M $20.5M $22.4M $26.1M $70.6M
 
EBITDA -$4.2M -$4.5M $6.4M -$8M -$8.3M
EBIT -$4.2M -$4.5M $6.4M -$8M -$8.3M
 
Revenue (Reported) $489K -- $11.9M $3.9M $3.1M
Operating Income (Reported) -$4.2M -$4.5M $6.4M -$8M -$8.3M
Operating Income (Adjusted) -$4.2M -$4.5M $6.4M -$8M -$8.3M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $589K -- $57.2M $8.4M $14.6M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- $4K $4K -- $50K
Gross Profit $486K -$4K $57.2M $1.7M $14.6M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $11.8M $15.5M $17.4M $23.7M $27.4M
Selling, General & Admin $7.3M $6.6M $10.7M $14.2M $24.4M
Other Inc / (Exp) -$41.4M -$221K $964K $1.8M --
Operating Expenses $19M $22.1M $28.1M $31.2M $51.8M
Operating Income -$18.5M -$22.1M $29.1M -$29.5M -$37.2M
 
Net Interest Expenses $179K $11K -- -- $1.5M
EBT. Incl. Unusual Items -$51.6M -$22.4M $29.1M -$27.2M -$68.2M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- $329K -$2K --
Net Income to Company -$69.1M -$22.4M $28.8M -$27.2M -$68.2M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$51.6M -$22.4M $28.8M -$27.2M -$68.2M
 
Basic EPS (Cont. Ops) -$5.68 -$1.18 $1.38 -$1.09 -$1.72
Diluted EPS (Cont. Ops) -$5.66 -$1.18 $1.32 -$1.09 -$1.72
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA -$18.5M -$22.1M $29.1M -$29.5M -$37.1M
EBIT -$18.5M -$22.1M $29.1M -$29.5M -$37.2M
 
Revenue (Reported) $589K -- $57.2M $8.4M $14.6M
Operating Income (Reported) -$18.5M -$22.1M $29.1M -$29.5M -$37.2M
Operating Income (Adjusted) -$18.5M -$22.1M $29.1M -$29.5M -$37.2M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $589K -- $17.4M $6.7M $10.3M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $1K $3K $3K -- $40K
Gross Profit $488K -$3K $17.4M -- $10.3M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $10.4M $10.8M $13.8M $19.8M $20.4M
Selling, General & Admin $6.7M $5.2M $8.7M $10.9M $17.1M
Other Inc / (Exp) -$33.8M -$60K $918K $1.1M $3.1M
Operating Expenses $17.1M $16M $22.5M $24M $37.4M
Operating Income -$16.6M -$16M -$5.1M -$24M -$27.1M
 
Net Interest Expenses -- $9K -- -- $1.5M
EBT. Incl. Unusual Items -$50.4M -$16.1M -$5.2M -$22.4M -$33.1M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- $14K -- --
Net Income to Company -$50.4M -$16.1M -$5.2M -$22.4M -$33.1M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$50.4M -$16.1M -$5.2M -$22.4M -$33.1M
 
Basic EPS (Cont. Ops) -$4.34 -$0.82 -$0.25 -$0.88 -$0.61
Diluted EPS (Cont. Ops) -$4.34 -$0.82 -$0.27 -$0.88 -$0.61
Weighted Average Basic Share $41.5M $58.9M $63.3M $76.5M $167.9M
Weighted Average Diluted Share $41.5M $58.9M $64.3M $76.5M $167.9M
 
EBITDA -$50.4M -$16M -$5.1M -$24M -$27.1M
EBIT -$50.4M -$16M -$5.1M -$24M -$27.1M
 
Revenue (Reported) $589K -- $17.4M $6.7M $10.3M
Operating Income (Reported) -$16.6M -$16M -$5.1M -$24M -$27.1M
Operating Income (Adjusted) -$50.4M -$16M -$5.1M -$24M -$27.1M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $16.4M $24.8M $42.7M $50.5M $30.3M
Short Term Investments -- $219K $49K $15K $2K
Accounts Receivable, Net -- -- $4.9M $2.3M $5.8M
Inventory -- -- -- -- --
Prepaid Expenses $1.2M $1.2M $1.4M $997K --
Other Current Assets $26K $71K $80K $1.1M $515K
Total Current Assets $17.7M $26.1M $49M $53.9M $36.6M
 
Property Plant And Equipment $14K $10K $6K -- $252K
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets -- -- -- -- --
Total Assets $17.7M $26.1M $49.6M $53.9M $36.9M
 
Accounts Payable $1.2M $1.6M $1.1M $2.2M $3.1M
Accrued Expenses $2M $1.7M $1.4M $1.8M $8.1M
Current Portion Of Long-Term Debt -- $538K -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- -- $74K $2K
Total Current Liabilities $3.2M $3.9M $2.8M $4M $11.3M
 
Long-Term Debt -- -- -- -- $18.8M
Capital Leases -- -- -- -- --
Total Liabilities $31.1M $3.9M $3.4M $4M $30.2M
 
Common Stock $1K $2K $2K $2K $3K
Other Common Equity Adj -- -- -- -- --
Common Equity -$13.5M $22.2M $46.2M $49.9M $6.7M
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity -$13.5M $22.2M $46.2M $49.9M $6.7M
 
Total Liabilities and Equity $17.7M $26.1M $49.6M $53.9M $36.9M
Cash and Short Terms $16.4M $24.8M $42.7M $50.5M $30.3M
Total Debt -- -- -- -- $18.8M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Cash and Equivalents $22.6M $14M $42.4M $36.6M $30.8M
Short Term Investments $383K $101K $11K $3K --
Accounts Receivable, Net -- -- $11.3M $3.3M $4.3M
Inventory -- -- -- -- --
Prepaid Expenses $514K $544K $433K $343K --
Other Current Assets $46K $61K $51K $86K --
Total Current Assets $23.2M $14.6M $54.2M $40.4M $35.9M
 
Property Plant And Equipment $11K $7K $3K -- $212K
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets -- -- -- -- --
Total Assets $23.2M $14.6M $54.2M $40.4M $36.1M
 
Accounts Payable $1.4M $1.5M $1.9M $844K $2.4M
Accrued Expenses $1.2M $1.2M $1.4M $5.2M --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- $93K $74K --
Total Current Liabilities $2.6M $2.7M $3.9M $6.1M $29.1M
 
Long-Term Debt -- -- -- -- $1.1M
Capital Leases -- -- -- -- --
Total Liabilities $2.6M $2.7M $3.9M $6.1M $30.2M
 
Common Stock $2K $2K $2K $3K $6K
Other Common Equity Adj -- -- -- -- --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $20.6M $11.9M $50.3M $34.3M $6M
 
Total Liabilities and Equity $23.2M $14.6M $54.2M $40.4M $36.1M
Cash and Short Terms $22.6M $14M $42.4M $36.6M $30.8M
Total Debt -- -- -- -- $1.1M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders -$24.6M -$56.7M $17.9M -$10M -$57.5M
Depreciation & Amoritzation $8K $4K $4K $6K $10K
Stock-Based Compensation $1.5M $1.9M $1.8M $3.5M $3.4M
Change in Accounts Receivable -- -- -$4.9M $2.5M -$3.4M
Change in Inventories -- -- -- -- --
Cash From Operations -$6.8M -$19.4M $14.3M -$1.1M -$25.6M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing $539K -$100K -- -- $1.2M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued $2.2M $646K -- -- --
Long-Term Debt Repaid -- -$108K -$538K -- --
Repurchase of Common Stock -- -- -- -- $79K
Other Financing Activities -$1.8M -$1.5M -$131K -$278K -$232K
Cash From Financing $21.1M $27.6M $3.8M $9M $4.2M
 
Beginning Cash (CF) $1.5M $24.5M $42.6M $50.5M $30.3M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $14.9M $8.1M $18.1M $7.9M -$20.2M
Ending Cash (CF) $16.4M $32.7M $60.7M $58.4M $10.1M
 
Levered Free Cash Flow -$6.8M -$19.4M $14.3M -$1.1M -$25.6M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -$4.2M -$4.5M $5.6M -$7.5M -$17.5M
Depreciation & Amoritzation $1K $1K $1K -- $13K
Stock-Based Compensation $478K $493K $573K $776K $816K
Change in Accounts Receivable $50K -- -$8.6M -$1M $297K
Change in Inventories -- -- -- -- --
Cash From Operations -$3.6M -$4.5M -$3M -$5.1M -$6.2M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- -- -- --
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$215K -$34K -$106K -$103K --
Cash From Financing $1.6M $1.3M $5.4M $353K $4.5M
 
Beginning Cash (CF) $22.3M $13.9M $42.4M $36.6M $30.8M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$2M -$3.2M $2.4M -$4.8M -$1.6M
Ending Cash (CF) $20.3M $10.7M $44.7M $31.9M $29.2M
 
Levered Free Cash Flow -$3.6M -$4.5M -$3M -$5.1M -$6.2M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -$69.1M -$22.4M $28.8M -$27.2M -$68.2M
Depreciation & Amoritzation $4K $4K $4K $3K $50K
Stock-Based Compensation $1.9M $1.9M $3.2M $3.3M $3.4M
Change in Accounts Receivable -- -- -$11.3M $8M -$955K
Change in Inventories -- -- -- -- --
Cash From Operations -$18.1M -$20.1M $23.1M -$13.6M -$32.9M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing $539K -$100K -- -- $1.2M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -$646K -- -- --
Repurchase of Common Stock -- -- -- $42K $73K
Other Financing Activities -- -$313K -- -$358K --
Cash From Financing $39.1M $11.8M $5.4M $7.9M $25.8M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $21.5M -$8.4M $28.5M -$5.7M -$5.8M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow -$18.1M -$20.1M $23.1M -$13.6M -$32.9M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -$50.4M -$16.1M -$5.2M -$22.4M -$33.1M
Depreciation & Amoritzation $3K $3K $3K -- $40K
Stock-Based Compensation $1.4M $1.4M $2.8M $2.6M $2.6M
Change in Accounts Receivable -- -- -$6.5M -$992K $1.5M
Change in Inventories -- -- -- -- --
Cash From Operations -$13.7M -$14.5M -$5.7M -$18.1M -$25.4M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- -- -- --
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -$538K -- -- --
Repurchase of Common Stock -- -- -- $42K $36K
Other Financing Activities -$1.3M -$119K -$106K -$186K -$1.4M
Cash From Financing $19.6M $3.8M $5.4M $4.3M $25.9M
 
Beginning Cash (CF) $49.2M $50.1M $121.3M $125.2M $105M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $5.9M -$10.7M -$284K -$13.9M $494K
Ending Cash (CF) $55.1M $39.4M $121M $111.3M $105.5M
 
Levered Free Cash Flow -$13.7M -$14.5M -$5.7M -$18.1M -$25.4M

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