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Iota Communications is a wireless network carrier and industrial automation company that provides solutions for creating, connecting and managing communications for The Internet of Things (IoT). Its solutions include plug-and-play IoT connectors for acquiring and transmitting data, a low-cost nationwide IoT network using FCC-licensed spectrum, and custom-tailored and third-party IoT applications for monitoring and management. The Company was formed as a result of a merger of Solbright Group and M2M Spectrum Networks. It serves healthcare, commercial, retail, and manufacturing industries. 

TypePublic
Founded2018
HQNew Hope, PA, US
Websiteiotacommunications.com

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Latest Updates

Revenue (FY, 2019)$2.3 M(-80%)
Share Price (Jan 2021)$0.3 (-1%)
Cybersecurity ratingAMore

Key People/Management at Iota Communications

Barclay Knapp

Barclay Knapp

CEO, Co-Founder, Executive Chairman
Cheryl Thompson

Cheryl Thompson

Senior Vice President Business Operations
Terrence Defranco

Terrence Defranco

CEO & President
Carole L. Downs

Carole L. Downs

President, Spectrum Programs
M. Rob Somers

M. Rob Somers

General Counsel and Manager, Iota Spectrum Holdings
Jim Dullinger

Jim Dullinger

Chief Financial Officer, Iota Communications
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Iota Communications Office Locations

Iota Communications has offices in New Hope, Allentown, Charleston and Phoenix
New Hope, PA, US (HQ)
540 Union Square Dr
Allentown, PA, US
645 Hamilton St #400
Charleston, SC, US
145 Williman St
Phoenix, AZ, US
2111 E Highland Ave #305
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Iota Communications Financials and Metrics

Iota Communications Revenue

Iota Communications's revenue was reported to be $2.31 m in FY, 2019
USD

Revenue (Q2, 2020)

33.7k

Gross profit (Q2, 2020)

(30.1k)

Gross profit margin (Q2, 2020), %

(89.2%)

Net income (Q2, 2020)

(12.1m)

EBIT (Q2, 2020)

(10.6m)

Market capitalization (14-Jan-2021)

76.4m

Closing stock price (14-Jan-2021)

0.3

Cash (30-Nov-2019)

203.7k

EV

100.3m
Iota Communications's current market capitalization is $76.4 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

484.3k1.9m2.3m12.1m2.3m

Cost of goods sold

25.6k909.9k1.7m11.3m2.5m

Gross profit

458.6k961.1k686.5k731.6k(192.1k)

Gross profit Margin, %

95%51%29%6%(8%)
Quarterly
USDQ1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019Q1, 2020Q2, 2020

Revenue

40.0k79.0k142.2k106.8k815.2k749.1k424.5k389.7k263.8k5.3m3.3m845.5k743.2k871.8k33.7k

Cost of goods sold

535.0k372.0k380.0k258.8k51.4k4.5m900.0k1.0m698.7k823.9k63.8k

Gross profit

280.2k377.1k44.5k130.9k212.4k782.1k2.4m(190.0k)44.6k47.8k(30.1k)

Gross profit Margin, %

34%50%10%34%81%15%73%(22%)6%5%(89%)
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

4.9k345.1k118.5k235.0k56.2k469.8k114.1k788.5k

Accounts Receivable

132.3k192.1k1.1m16.4k507.3k

Prepaid Expenses

11.2k12.0k187.9k613.9k361.6k

Inventories

156.7k120.4k
Quarterly
USDQ1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

611.092.1k126.4k310.8k43.5k123.0k271.09.9k290.6k26.0k38.7k5.7k211.3k10.4k827.4k22.3k5.9k72.1k688.9k1.3m281.7k203.7k

Accounts Receivable

30.0k20.0k22.0k61.3k133.8k208.6k222.5k21.6k12.0k1.1m1.0m2.0m184.2k548.3k582.2k381.5k355.6k

Prepaid Expenses

4.6k12.3k21.6k3.5k608.02.7k11.4k20.3k10.1k125.5k78.2k122.7k457.1k737.6k744.0k355.0k1.4m2.0m

Inventories

343.5k294.1k96.9k141.2k81.0k61.8k
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

4.1m(516.9k)(1.9m)(4.4m)(3.1m)(3.3m)(15.8m)(56.8m)

Depreciation and Amortization

791.047.5k558.9k1.2m

Inventories

(156.7k)36.3k120.4k38.2k

Accounts Payable

(276.5k)206.5k234.6k371.6k252.2k988.5k4.0m6.7m
USDFY, 2012

Debt/Equity

-0.1 x

Debt/Assets

140.2 x
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Iota Communications Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

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Iota Communications Online and Social Media Presence

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Iota Communications Blogs

The Types Of IoT Sensors Every Commercial Facility Should Be Using

If you’re the facilities manager of a commercial building, how likely is it that you would be able to answer any or all of these questions [...] The post The Types Of IoT Sensors Every Commercial Facility Should Be Using appeared first on Iota Communications, Inc..

A Guide to Building Energy Management Systems (BEMS)

If you own or manage a building that’s been around a while—whether it’s a school, hospital, manufacturing facility, retail store, office building, or any other physical space—it’s safe to assume that it’s not as energy-efficient as it could be. [...] The post A Guide to Building Energy Management Sy…

Smart Buildings: Enabling Predictive Maintenance

Smart buildings are all about giving you more control over your building’s environment and operations. One area of facility management where additional control is beneficial is maintenance. [...] The post Smart Buildings: Enabling Predictive Maintenance appeared first on Iota Communications, Inc..

What Is A Smart Building? (The Ultimate Guide)

As a building owner or facilities manager, you’ve no doubt heard the term “smart building” more than once. Like lots of other things that have gotten smart in recent years, smart buildings are all about giving you [...] The post What Is A Smart Building? (The Ultimate Guide) appeared first on Iota C…

Wondering About The Types Of Building Automation Systems? Here’s A Better Question.

Building automation systems (BAS)—also known as building management systems (BMS)—have been around for decades. These computer-based control systems gave commercial building managers a way to manage and monitor the complex web of [...] The post Wondering About The Types Of Building Automation System…

4 Commercial Building Applications For An IoT Water Monitoring System

In light of increasing concerns around water scarcity, the cost of water, and now, water quality as a result of prolonged facility shutdowns, commercial building owners are being forced to pay closer attention to water management [...] The post 4 Commercial Building Applications For An IoT Water Mon…
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Iota Communications Frequently Asked Questions

  • When was Iota Communications founded?

    Iota Communications was founded in 2018.

  • Who are Iota Communications key executives?

    Iota Communications's key executives are Barclay Knapp, Cheryl Thompson and Terrence Defranco.

  • What is Iota Communications revenue?

    Latest Iota Communications annual revenue is $2.3 m.

  • Who are Iota Communications competitors?

    Competitors of Iota Communications include IoTco, CareOS and Aarialife.

  • Where is Iota Communications headquarters?

    Iota Communications headquarters is located at 540 Union Square Dr, New Hope.

  • Where are Iota Communications offices?

    Iota Communications has offices in New Hope, Allentown, Charleston and Phoenix.

  • How many offices does Iota Communications have?

    Iota Communications has 4 offices.