iPass is the industry pioneer in global, mobile connectivity, ensuring unlimited access to unlimited content on an unlimited number of devices. Founded in 1996, iPass is the world’s largest Wi-Fi network, with 57 million hotspots in airports, hotels, airplanes, and public spaces in more than 120 countries across the globe. Our hosted Wi-Fi-as-a-Service solution is easy, convenient, secure, and always on.

Expanding on its already established reputation as the premier provider of global Wi-Fi hotspots, iPass connects customers with the people and information that matter most. We are dedicated to delivering the highest quality, most cost-efficient solution on the market today.

Type
Public
HQ
Redwood City, US
Founded
1996
Size (employees)
205 (est)
Website
ipass.com
iPass was founded in 1996 and is headquartered in Redwood City, US

iPass Office Locations

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

iPass Data and Metrics

iPass Financial Metrics

iPass's revenue was reported to be $63.2 m in FY, 2016 which is a 1% increase from the previous period.
USD

Revenue (FY, 2016)

63.2 m

Revenue growth (FY, 2015 - FY, 2016), %

1%

Net income (FY, 2016)

(7.8 m)

EBIT (FY, 2016)

(7.3 m)

Market capitalization (21-Jul-2017)

84.6 m

Cash (31-Dec-2016)

16.1 m
iPass's current market capitalization is $84.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

111.1 m69.8 m62.6 m63.2 m

Revenue growth, %

(37%)(10%)1%

Sales and marketing expense

11.2 m

R&D expense

7.3 m

General and administrative expense

10.8 m

Operating expense total

29.2 m

EBIT

(11.2 m)(19.4 m)(14.9 m)(7.3 m)

EBIT margin, %

(10%)(28%)(24%)(12%)

Interest expense

36 k

Interest income

36 k

Pre tax profit

(11.7 m)(19.3 m)(15.2 m)(7.5 m)

Income tax expense

569 k(223 k)

Net Income

(12.3 m)7 m(15.5 m)(7.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

24 m33.8 m20.3 m16.1 m

Current Assets

43.6 m48.2 m33.1 m30 m

PP&E

8.4 m6.2 m4 m2.5 m

Total Assets

54.9 m55.3 m37.8 m33.2 m

Accounts Payable

9.3 m7.3 m6.3 m7.1 m

Current Liabilities

21.6 m14.9 m14 m13.4 m

Total Liabilities

14.5 m

Additional Paid-in Capital

218.1 m220.4 m220 m223.8 m

Retained Earnings

(188.9 m)(182 m)(197.4 m)(205.2 m)

Total Equity

29.2 m38.5 m22.6 m18.6 m

Financial Leverage

1.9 x1.4 x1.7 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(12.3 m)7 m(15.5 m)(7.8 m)

Depreciation and Amortization

2.8 m3.3 m2.9 m2.5 m

Accounts Receivable

1.8 m2.8 m234 k(2.6 m)

Inventories

625 k(404 k)(529 k)1.5 m

Accounts Payable

2.1 m(1.6 m)(946 k)414 k

Cash From Operating Activities

(2.4 m)(14.8 m)(13.6 m)(5.5 m)

Purchases of PP&E

(2.3 m)(1.3 m)(812 k)(581 k)

Cash From Investing Activities

(1.6 m)25.5 m738 k(581 k)

Cash From Financing Activities

1.2 m(899 k)(641 k)1.8 m
USDY, 2016

Revenue/Employee

308.4 k

Financial Leverage

1.8 x

iPass Operating Metrics

FY, 2016

Countries

120

Hotspots

60 m

iPass Market Value History

iPass Revenue Breakdown

iPass Online and Social Media Presence

iPass News and Updates

iPass Company Life and Culture

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