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.
Type | Public | |
Founded | 2018 | |
HQ | New Hope, PA, US | Map |
Website | iotacommunications.com |
USD | |
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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 |
USD | Q1, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q1, 2019 | Q2, 2019 | Q1, 2020 | Q2, 2020 |
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Revenue | 40.0k | 79.0k | 142.2k | 106.8k | 815.2k | 749.1k | 424.5k | 389.7k | 263.8k | 5.3m | 3.3m | 845.5k | 743.2k | 871.8k | 33.7k | |||||
Cost of goods sold | 535.0k | 372.0k | 380.0k | 258.8k | 51.4k | 4.5m | 900.0k | 1.0m | 698.7k | 823.9k | 63.8k | |||||||||
Gross profit | 280.2k | 377.1k | 44.5k | 130.9k | 212.4k | 782.1k | 2.4m | (190.0k) | 44.6k | 47.8k | (30.1k) | |||||||||
Gross profit Margin, % | 34% | 50% | 10% | 34% | 81% | 15% | 73% | (22%) | 6% | 5% | (89%) |
USD | Q1, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 611.0 | 92.1k | 126.4k | 310.8k | 43.5k | 123.0k | 271.0 | 9.9k | 290.6k | 26.0k | 38.7k | 5.7k | 211.3k | 10.4k | 827.4k | 22.3k | 5.9k | 72.1k | 688.9k | 1.3m | 281.7k | 203.7k |
Accounts Receivable | 30.0k | 20.0k | 22.0k | 61.3k | 133.8k | 208.6k | 222.5k | 21.6k | 12.0k | 1.1m | 1.0m | 2.0m | 184.2k | 548.3k | 582.2k | 381.5k | 355.6k | |||||
Prepaid Expenses | 4.6k | 12.3k | 21.6k | 3.5k | 608.0 | 2.7k | 11.4k | 20.3k | 10.1k | 125.5k | 78.2k | 122.7k | 457.1k | 737.6k | 744.0k | 355.0k | 1.4m | 2.0m | ||||
Inventories | 343.5k | 294.1k | 96.9k | 141.2k | 81.0k | 61.8k |
USD | Q1, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (51.4k) | (232.1k) | (325.4k) | (874.1k) | (1.4m) | (1.3m) | (1.5m) | (2.1m) | (528.8k) | (1.2m) | (1.2m) | (287.0k) | (796.1k) | (1.1m) | (3.8m) | (6.7m) | (9.1m) | (5.1m) | (25.7m) | (39.3m) | (8.0m) | (20.1m) |
Depreciation and Amortization | 264.0 | 527.0 | 264.0 | 527.0 | 791.0 | 139.7k | 279.7k | 419.2k | 61.0k | 556.8k | 970.2k | 272.9k | 1.8m | |||||||||
Inventories | (186.8k) | (137.4k) | 59.8k | (20.8k) | 39.4k | 58.6k | (378.3k) | 245.8k | (774.2k) | (60.7k) | ||||||||||||
Accounts Payable | 59.2k | 105.4k | 64.2k | 76.2k | 234.6k | 17.9k | 166.9k | 310.3k | 150.2k | 305.1k | 234.0k | 124.8k | 55.6k | 16.5k | 1.1m | 1.6m | 2.5m | (626.7k) | 1.7m | 2.8m | 2.2m | 1.3m |
USD | FY, 2012 |
---|---|
Debt/Equity | -0.1 x |
Debt/Assets | 140.2 x |
Iota Communications has 1.1k Twitter Followers. The number of followers has decreased 1.3% month over month and decreased 0.9% quarter over quarter
637
Tweets
2.8k
Following
1.1k
Followers
14
Tweets last 30 days
1.6
Avg. likes per Tweet
78.6%
Tweets with engagement
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.
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