OverviewSuggest Edit

iPass is a provider of global mobile connectivity, offering Wi-Fi on mobile devices. The Company, through its mobile connectivity services segment, offers a cloud-based solution allowing its customers and their users' access to its global Wi-Fi network to stay connected. Its services are categorized two approaches: enterprise and strategic partnerships. Enterprise focuses on providing mobile connectivity solutions to enterprises, from large to small. Strategic partnerships is executed through business development deals intended to open channel distributions for its product to reach the consumer market.

TypePublic
Founded1996
HQRedwood City, US
Websiteipass.com
Employee Ratings2.4

Latest Updates

Employees (est.) (Feb 2019)158
Revenue (FY, 2017)$54.4 M(-13%)
Share Price (Feb 2019)$3.3

Key People/Management at iPass

Patricia R. Hume

Patricia R. Hume

Chief Operations Officer
Darin Vickery

Darin Vickery

CFO
Blaz Vavpetic

Blaz Vavpetic

CTO
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iPass Office Locations

iPass has an office in Redwood City
Redwood City, US (HQ)
3800 Bridge Pkwy
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iPass Financials and Metrics

iPass Revenue

iPass's revenue was reported to be $54.40 m in FY, 2017
USD

Revenue (Q3, 2018)

9.3m

Net income (Q3, 2018)

(5.6m)

EBIT (Q3, 2018)

(4.7m)

Market capitalization (12-Feb-2019)

25.9m

Closing stock price (12-Feb-2019)

3.3

Cash (30-Sep-2018)

4.9m
iPass's current market capitalization is $25.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

111.1m69.8m62.6m63.2m54.4m

Revenue growth, %

(37%)(10%)1%

Sales and marketing expense

18.3m10.3m11.2m10.2m

General and administrative expense

21.3m14.7m10.8m11.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

26.9m25.3m17.8m17.3m16.6m15.6m15.0m14.7m16.5m15.9m14.3m13.5m13.4m11.4m10.5m9.3m

Sales and marketing expense

4.4m5.0m4.2m3.5m3.2m2.4m2.5m2.8m2.9m2.7m2.5m2.6m2.5m2.5m2.4m2.8m

General and administrative expense

4.9m5.0m4.2m4.3m4.2m4.0m3.1m3.0m2.8m2.6m2.8m2.5m3.4m2.6m3.0m2.4m

R&D expense

3.2m3.4m2.9m2.9m3.0m2.5m2.5m2.1m1.8m1.6m2.0m2.1m1.9m2.0m2.0m1.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

24.0m33.8m20.3m16.1m5.2m

Current Assets

43.6m48.2m33.1m30.0m16.2m

PP&E

8.4m6.2m4.0m2.5m1.3m

Total Assets

54.9m55.3m37.8m33.2m18.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

25.2m20.1m41.7m37.1m28.6m26.9m24.2m17.2m16.1m17.2m13.5m10.4m7.1m2.8m8.2m4.9m

Accounts Receivable

10.2m10.1m

Current Assets

46.7m38.2m58.9m52.5m44.0m40.0m36.9m30.0m29.4m29.7m26.2m21.6m18.4m12.4m18.3m14.3m

PP&E

6.4m8.2m7.4m6.8m5.8m5.2m4.6m3.4m2.8m2.3m2.2m1.9m1.7m1.1m1.0m1.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(12.3m)7.0m(15.5m)(7.8m)(20.6m)

Depreciation and Amortization

2.8m3.3m2.9m2.5m1.6m

Inventories

625.0k(404.0k)(529.0k)1.5m

Accounts Payable

2.1m(1.6m)(946.0k)414.0k2.3m
USDY, 2018

Financial Leverage

-2.1 x
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iPass Operating Metrics

FY, 2016

Countries

120

Hotspots

60 m
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iPass Revenue Breakdown

Embed Graph

iPass revenue breakdown by geographic segment: 9.0% from Asia Pacific, 49.0% from Europe, Middle East and Africa, 41.0% from United States and 1.0% from Other

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iPass Online and Social Media Presence

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iPass News and Updates

Pareteum Extends Tender Offer For All Outstanding Shares Of iPass

NEW YORK, Jan. 4, 2019 /PRNewswire/ -- Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, announced today that it has extended the offering period of its previously announced tender offer to purchase all outstanding shares of iPass Inc. (Nasdaq: IPAS), a provider of...

iPass and Deutsche Telekom Strengthen Their Partnership

REDWOOD SHORES, Calif., Nov. 26, 2018 (GLOBE NEWSWIRE) -- iPass Inc. (NASDAQ: IPAS), a leading provider of global mobile connectivity and location technology, today announced that Deutsche Telekom AG (DTAG) has signed a seven-figure deal to license iPass SmartConnectTM. The technology improves the…

Pareteum Enters into Definitive Agreement to Acquire iPass

NEW YORK and REDWOOD SHORES, Calif., Nov. 12, 2018 /PRNewswire/ -- Pareteum Corporation (Nasdaq: TEUM), a cloud software platform company, and iPass, Inc. (Nasdaq: IPAS), a provider of global mobile connectivity, and location and performance data, today announced that they have entered...

Pareteum to support launch of Kyiv, Ukraine's first US-based Smart City Accelerator in Silicon Valley on Nov. 15 with iPass

Company platform will enable technical solutions to civic challenges such as poverty and healthcare

iPass Continues to Optimize Wi-Fi Roaming Experience with Latest Patent

Patented “Hop on/Hop off” technology automatically connects users in motion to best available network Patented “Hop on/Hop off” technology automatically connects users in motion to best available network
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iPass Blogs

Hotspot Highlight: Hong Kong

Hong Kong. The city where East meets West, and finance is king. For more than a century, Hong Kong’s British influence was a driving force behind its modern culture. Even with the past 20 years of Chinese sovereignty, hints of the former British rule haven’t been completely eradicated. Instead, the …

Madden: None of These Gripes Will be Solved by 5G

The most common gripes with smartphone speed will not be solved by 5G. At least, this is the conclusion to which Joe Madden, a principal analyst and founder over at Mobile Experts, came. Writing for FierceWireless, Madden recounts an informal survey that he took of his son and his son’s friends. Una…

TechSpot: What Does Wi-Fi 6 Bring to the Table?

Wi-Fi 6, also known as 802.11ax, is on the horizon. By December of 2019, the specifications will be finalized and the future of Wi-Fi will have officially arrived. With it, a wave of updated devices promising next-generation networks with more speed and less congestion. Needless to say, this has cau…

The Benefits of Wi-Fi 6

Earlier this month, Rishi Grover, Sr. Director of Product Management, Ruckus Networks, an ARRIS Company, posted an opinion piece over at RCRWirelessNews. The piece, titled Exploring the benefits of Wi-Fi 6 (Reader Forum), made some keen observations about the major trends in the Wi-Fi industry. Grov…

Undoing the Gordian Knot of Mobile Work

Recently, we here at iPass published a pretty cool, two-part series outlining how your company can come up with a mobility strategy that works for your business. It’s called Value Judgment: Getting Enterprise Mobility Right. It will walk you through the things you need to consider when devising your…

Hotspot Highlight: Madrid

Writing of Madrid, Ernest Hemingway once said “…when you get to know it, it is the most Spanish of all cities, the best to live in, the finest people, month in and month out the finest climate." And Papa — as Hemingway was affectionately called — was no sycophant. Any city that received his stamp [……
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iPass Frequently Asked Questions

  • When was iPass founded?

    iPass was founded in 1996.

  • Who are iPass key executives?

    iPass's key executives are Patricia R. Hume, Darin Vickery and Blaz Vavpetic.

  • How many employees does iPass have?

    iPass has 158 employees.

  • What is iPass revenue?

    Latest iPass annual revenue is $54.4 m.

  • What is iPass revenue per employee?

    Latest iPass revenue per employee is $344.3 k.

  • Who are iPass competitors?

    Competitors of iPass include Mojo Networks, Litmus Automation and Summa Networks.

  • Where is iPass headquarters?

    iPass headquarters is located at 3800 Bridge Pkwy, Redwood City.

  • Where are iPass offices?

    iPass has an office in Redwood City.

  • How many offices does iPass have?

    iPass has 1 office.