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| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 28375 Rostrata Ave LAKE ELSINORE CA 92532 |
| Tel: | N/A |
| Website: | https://igennetworks.net |
| IR: | See website |
| Key People | ||
| Robert B. Nealon Chairman of the Board | Neil G. Chan Chief Executive Officer, Director | Abel I. Seirra Chief Operating Officer, Director | Juan Ignacio Avila Diaz Rubin Chief Technology Officer |
| Business Overview |
| IGEN Networks Corp. is engaged in the development and marketing of software services for the automotive and fleet management industries. The Company operates through one segment: vehicle tracking and recovery solutions. The Company's software services are based on Amazon Web Services (AWS) cloud infrastructure created to provide valuable information to its customers over the wireless network and accessible from Internet-connected devices. Its software services are marketed through automotive dealers, financial institutions, and government channels as distinct commercial and consumer brands that include Nimbo Tracking, CU Trak, Medallion GPS and FamilyShield. The Company works with wireless carriers and distribution partners to provide direct and secure access to information on vehicle assets and driver behavior. |
| Financial Overview |
| For the nine months ended 30 September 2023, IGEN Networks Corp revenues decreased 51% to $131K. Net loss applicable to common stockholders increased 60% to $1.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Gain (loss) on extinguishment of debt decrease from $343K (income) to $0K, Interest Expense increase of 54% to $132K (expense). |
| Employees: | 10 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1.95M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.18M as of Sep 30, 2023 |
| EBITDA (TTM): | -$0.49M as of Sep 30, 2023 |
| Net annual income (TTM): | -$1.56M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.38M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $0.94M as of Sep 30, 2023 |
| Shares outstanding: | 3,238,356,010 as of Nov 14, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |