IGEN Networks Corp (PK:IGEN)

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEC
Company Contact
Address: 29970 Technology Dr Ste 108
MURRIETA CA 92563-2646
Tel: N/A
Website: www.igen-networks.com
IR: See website
Key People
Robert B. Nealon
Chairman of the Board
Neil G. Chan
Chief Executive Officer, Director
Business Overview
IGEN Networks Corp. (IGEN) is engaged in investing in or acquiring operating high technology companies, and involving in the management of these companies. The Company has primarily targeted companies with technologies or solutions in approximately three areas: machine-to-machine (M2M) applications and technologies, cloud-based software-as-a-service (SaaS) business applications, and specialized wireless broadband communications infrastructure. A secondary part of IGEN's business is negotiating distribution agreements with organizations, and selling their products and services through the distribution channels of its portfolio companies, or newly developed global IGEN sales channels. The Company has operations in the United States and Canada.
Financial Overview
For the nine months ended 30 September 2019, IGEN Networks Corp revenues decreased 45% to $594K. Net loss applicable to common stockholders increased 29% to $1M. Revenues reflect Sales, hardware and accessories decrease of 58% to $337K, Sales, services decrease of 6% to $257K. Higher net loss reflects Interest Expense increase from $8K to $486K (expense), Gain on extinguishment of debt decrease from $50K (income) to $0K.
Employees: 4 as of Dec 31, 2012
Reporting Currency: U.S. Dollars
Enterprise value: $0.81M as of Sep 30, 2019
Annual revenue (TTM): $0.72M as of Sep 30, 2019
EBITDA (TTM): -$0.80M as of Sep 30, 2019
Net annual income (TTM): -$1.39M as of Sep 30, 2019
Free cash flow (TTM): -$0.72M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 252,908,958 as of Apr 2, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization