Executive Summary
IGEN Networks Corp. develops and markets software services for the automotive and fleet management industry in the United States.
Snowflake Analysis
Weak fundamentals or lack of information.
Share Price & News
How has IGEN Networks's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IGN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
50.0%
IGN
3.9%
CA Communications
0.8%
CA Market
1 Year Return
-75.0%
IGN
-15.7%
CA Communications
-11.1%
CA Market
Return vs Industry: IGN underperformed the Canadian Communications industry which returned -14.9% over the past year.
Return vs Market: IGN underperformed the Canadian Market which returned -12.7% over the past year.
Shareholder returns
| IGN | Industry | Market | |
|---|---|---|---|
| 7 Day | 50.0% | 3.9% | 0.8% |
| 30 Day | 50.0% | -4.1% | -0.8% |
| 90 Day | 200.0% | 10.3% | 9.1% |
| 1 Year | -75.0%-75.0% | -11.8%-15.7% | -8.0%-11.1% |
| 3 Year | -85.0%-85.0% | -25.6%-30.5% | 4.4%-5.5% |
| 5 Year | n/a | -11.1%-22.1% | 22.0%3.5% |
Price Volatility Vs. Market
How volatile is IGEN Networks's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is IGEN Networks undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether IGEN Networks is trading at an attractive price based on the cash flow it is expected to produce in the future. But as IGEN Networks has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
Next Steps
- Take a look at our analysis of IGN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through IGEN Networks regulatory filings.
- Explore potentially undervalued companies in the Tech industry.
Future Growth
How is IGEN Networks forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
43.9%
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IGEN Networks has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of IGN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- IGEN Networks competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
Past Performance
How has IGEN Networks performed over the past 5 years?
2.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGN is currently unprofitable.
Growing Profit Margin: IGN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IGN is unprofitable, but has reduced losses over the past 5 years at a rate of 2.4% per year.
Accelerating Growth: Unable to compare IGN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IGN is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (40.3%).
Return on Equity
High ROE: IGN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is IGEN Networks's financial position?
Financial Position Analysis
Short Term Liabilities: IGN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: IGN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: IGN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: IGN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IGN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: IGN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.5% each year
Next Steps
Dividend
What is IGEN Networks's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IGN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IGN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IGN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IGN's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.7yrs
Average board tenure
CEO
Neil Chan (57yo)
8.83yrs
Tenure
US$168,000
Compensation
Mr. Neil Gene Chan has been the Chief Executive Officer of IGen Networks Corp., since September 1, 2011 and its Chief Financial Officer. He served as President of IGen Networks Corp. Mr. Chan served as the ...
CEO Compensation Analysis
Compensation vs Market: Neil's total compensation ($USD168.00K) is about average for companies of similar size in the Canadian market ($USD175.15K).
Compensation vs Earnings: Neil's compensation has increased whilst the company is unprofitable.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, CFO & Director | 8.83yrs | US$168.00k | 2.74% $417.1k | |
| Director | 2.5yrs | no data | 0.070% $10.7k | |
| Member of the Advisory Board | no data | no data | no data | |
| Member of the Advisory Board | no data | no data | no data | |
| Chairman of the Board | 10yrs | no data | 0.22% $34.2k | |
| Member of Advisory Board | 9.67yrs | no data | no data | |
| Member of Advisory Board | 9.67yrs | no data | no data | |
| Member of Advisory Board | 9.67yrs | no data | no data | |
| Member of Advisory Board | 9.17yrs | no data | no data | |
| Member of the Advisory Board | no data | no data | no data |
9.7yrs
Average Tenure
57yo
Average Age
Experienced Board: IGN's board of directors are considered experienced (9.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IGN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 1380.1%.
Top Shareholders
Company Information
IGEN Networks Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: IGEN Networks Corp.
- Ticker: IGN
- Exchange: CNSX
- Founded: 2006
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$11.207m
- Listing Market Cap: US$15.238m
- Shares outstanding: 1.01b
- Website: https://www.igen-networks.com
Number of Employees
Location
- IGEN Networks Corp.
- 29970 Technology Drive
- Suite 108
- Murrieta
- California
- 92563
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IGEN | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 2007 |
| IGN | CNSX (Canadian National Stock Exchange) | Yes | Common Shares | CA | CAD | Sep 2007 |
Biography
IGEN Networks Corp. develops and markets software services for the automotive and fleet management industry in the United States. The company provides vehicle tracking and recovery solutions; and direct and secure access to information on the vehicle and the driver’s behavior. It offers its software services to automotive dealers, financial institutions, and direct-to-consumer through various commercial and consumer brands. The company was formerly known as Sync2 Entertainment Corporation and changed its name to IGEN Networks Corp. in June 2009. IGEN Networks Corp. was incorporated in 2006 and is headquartered in Murrieta, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/12 00:46 |
| End of Day Share Price | 2020/07/10 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.