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 Revenue

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

Revenue (Q1, 2018)

11.4 m

Net income (Q1, 2018)

(4 m)

EBIT (Q1, 2018)

(3.8 m)

Market capitalization (11-Jul-2018)

23.6 m

Closing share price (11-Jul-2018)

0.3

Cash (31-Mar-2018)

2.8 m
iPass's current market capitalization is $23.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

(37%)(10%)1%

Sales and marketing expense

11.2 m10.2 m

General and administrative expense

10.8 m11.5 m
Quarterly
USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

26.9 m25.3 m17.3 m16.6 m15.6 m15 m14.7 m16.5 m15.9 m14.3 m13.5 m11.4 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 m2.5 m

General and administrative expense

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

R&D expense

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

Cash

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

Current Assets

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

PP&E

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

Total Assets

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

Cash

25.2 m20.1 m37.1 m28.6 m26.9 m24.2 m17.2 m16.1 m17.2 m13.5 m10.4 m2.8 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 m12.4 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 m1.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(12.3 m)7 m(15.5 m)(7.8 m)(20.6 m)

Depreciation and Amortization

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

Inventories

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

Accounts Payable

2.1 m(1.6 m)(946 k)414 k2.3 m
Quarterly
USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(2.8 m)(5.5 m)(1.3 m)(4.3 m)(4 m)

Depreciation and Amortization

198 k

Accounts Payable

8 m6.3 m6.2 m7 m7 m6.8 m5.9 m6.6 m690 k

Cash From Operating Activities

(2.9 m)
USDY, 2018

Financial Leverage

-6.7 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

BRIEF-Pareteum Extends Strategic Alliance With iPass To Offer Global Wi-Fi To Telecom Carrier And Enterprise Clients

* PARETEUM EXTENDS STRATEGIC ALLIANCE WITH IPASS TO OFFER GLOBAL WI-FI TO TELECOM CARRIER AND ENTERPRISE CLIENTS

Be Wary of Free Wi-Fi Connections. They Caused More Hacks in 2017 Than Anything Else

The average cost of a breach in 2017 was $3.62 million. The most common vector of attack: Remote workers connecting to networks via public Wi-Fi hotspots.

CIOs banning public Wi-Fi use due to security concerns

The iPass Mobile Security Report 2018 revealed that public Wi-Fi is seen by organisations as a big risk.

CEOs are the 'biggest risk' to enterprise security

Stay away from the public WiFi, boss.
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iPass Company Life and Culture

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