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.

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

iPass's revenue was reported to be $63.22 m in FY, 2016 which is a 1.1% increase from the previous period.
USD

Revenue (Q2, 2017)

13.5 m

Net income (Q2, 2017)

(5.3 m)

EBIT (Q2, 2017)

(4.9 m)

Market capitalization (5-Feb-2018)

32.9 m

Cash (2-Feb-2018)

10.4 m
iPass's current market capitalization is $32.9 m.
Annual
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

General and administrative expense

10.8 m
Quarterly
USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

26.9 m25.3 m17.3 m16.6 m15.6 m15 m14.7 m16.5 m15.9 m14.3 m13.5 m

Sales and marketing expense

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

General and administrative expense

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

R&D expense

3.2 m3.4 m2.9 m3 m2.5 m2.5 m2.1 m1.8 m1.6 m2 m2.1 m
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

25.2 m20.1 m37.1 m28.6 m26.9 m24.2 m17.2 m16.1 m17.2 m13.5 m10.4 m

Accounts Receivable

10.2 m10.1 m

Current Assets

46.7 m38.2 m52.5 m44 m40 m36.9 m30 m29.4 m29.7 m26.2 m21.6 m

PP&E

6.4 m8.2 m6.8 m5.8 m5.2 m4.6 m3.4 m2.8 m2.3 m2.2 m1.9 m
Annual
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

Inventories

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

Accounts Payable

2.1 m(1.6 m)(946 k)414 k
Quarterly
USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(2.8 m)(5.5 m)(1.3 m)(4.3 m)

Accounts Payable

8 m6.3 m6.2 m7 m7 m6.8 m5.9 m6.6 m
USDY, 2017

Financial Leverage

2.4 x
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iPass Operating Metrics

FY, 2016

Countries

120

Hotspots

60 m
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iPass News and Updates

CEOs are the 'biggest risk' to enterprise security

Stay away from the public WiFi, boss.
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