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iPass

Nasdaq:IPAS
Snowflake Description

High growth potential with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IPAS
Nasdaq
$26M
Market Cap
  1. Home
  2. US
  3. Software
Company description

iPass Inc. provides mobile connectivity that enables Wi-Fi access on various mobile devices in the United States and internationally. The last earnings update was 92 days ago. More info.


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  • iPass has significant price volatility in the past 3 months.
IPAS Share Price and Events
7 Day Returns
-3.3%
NasdaqCM:IPAS
1.2%
US Software
0.5%
US Market
1 Year Returns
-31.3%
NasdaqCM:IPAS
25.4%
US Software
2%
US Market
IPAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
iPass (IPAS) -3.3% 30.5% 60.9% -31.3% -64.5% -78.5%
US Software 1.2% 9.1% 9.4% 25.4% 114.9% 126.3%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • IPAS underperformed the Software industry which returned 25.4% over the past year.
  • IPAS underperformed the Market in United States of America which returned 2% over the past year.
Price Volatility
IPAS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is iPass undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether iPass is trading at an attractive price based on the cash flow it is expected to produce in the future. But as iPass 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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for iPass. This is due to cash flow or dividend data being unavailable. The share price is $3.25.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for iPass's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are iPass's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:IPAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-2.54
NasdaqCM:IPAS Share Price ** NasdaqCM (2019-02-12) in USD $3.25
United States of America Software Industry PE Ratio Median Figure of 77 Publicly-Listed Software Companies 47.19x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of iPass.

NasdaqCM:IPAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:IPAS Share Price ÷ EPS (both in USD)

= 3.25 ÷ -2.54

-1.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iPass is loss making, we can't compare its value to the US Software industry average.
  • iPass is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does iPass's expected growth come at a high price?
Raw Data
NasdaqCM:IPAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
93%per year
United States of America Software Industry PEG Ratio Median Figure of 62 Publicly-Listed Software Companies 3.3x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for iPass, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on iPass's assets?
Raw Data
NasdaqCM:IPAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $-0.95
NasdaqCM:IPAS Share Price * NasdaqCM (2019-02-12) in USD $3.25
United States of America Software Industry PB Ratio Median Figure of 217 Publicly-Listed Software Companies 5.44x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
NasdaqCM:IPAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:IPAS Share Price ÷ Book Value per Share (both in USD)

= 3.25 ÷ -0.95

-3.43x

* Primary Listing of iPass.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iPass has negative assets, we can't compare the value of its assets to the US Software industry average.

Next steps:

  1. Take a look at iPass's forecasted future earnings and revenues from industry analysts to understand how the company is expected to perform in the future against its competitors and the wider market.
  2. 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 iPass's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Software industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess iPass's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. iPass has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is iPass expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
93%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is iPass expected to grow at an attractive rate?
  • iPass's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • iPass's earnings growth is expected to exceed the United States of America market average.
  • iPass's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:IPAS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:IPAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 93%
NasdaqCM:IPAS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 21.6%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:IPAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:IPAS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 70 2 1
2019-12-31 60 -4 1
2018-12-31 46 -16 1
NasdaqCM:IPAS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 44 -15 -18
2018-06-30 49 -15 -20
2018-03-31 52 -12 -20
2017-12-31 54 -12 -21
2017-09-30 57 -10 -18
2017-06-30 60 -7 -12
2017-03-31 63 -5 -8
2016-12-31 63 -5 -8
2016-09-30 63 -8 -9
2016-06-30 62 -10 -11
2016-03-31 61 -12 -16
2015-12-31 63 -14 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • iPass's earnings are expected to grow significantly at over 20% yearly.
  • iPass's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:IPAS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from iPass Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:IPAS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.32 0.32 0.32 1.00
2019-12-31 -0.54 -0.54 -0.54 1.00
2018-12-31 -2.20 -2.20 -2.20 1.00
NasdaqCM:IPAS Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -2.54
2018-06-30 -2.82
2018-03-31 -3.02
2017-12-31 -3.11
2017-09-30 -2.67
2017-06-30 -1.87
2017-03-31 -1.29
2016-12-31 -1.21
2016-09-30 -1.36
2016-06-30 -1.71
2016-03-31 -2.50
2015-12-31 -2.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if iPass will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess iPass's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
iPass has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has iPass performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare iPass's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • iPass does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare iPass's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare iPass's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
iPass's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from iPass Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:IPAS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 44.48 -18.48 21.06 7.64
2018-06-30 48.60 -19.51 21.82 7.76
2018-03-31 51.54 -20.25 21.56 7.93
2017-12-31 54.40 -20.56 21.73 7.95
2017-09-30 57.28 -17.56 21.59 7.81
2017-06-30 59.75 -12.25 20.85 7.49
2017-03-31 62.78 -8.36 21.35 7.11
2016-12-31 63.22 -7.77 21.95 7.28
2016-09-30 62.53 -8.70 23.09 7.57
2016-06-30 61.64 -10.79 23.46 8.40
2016-03-31 60.74 -15.78 24.03 9.13
2015-12-31 62.56 -15.49 25.00 9.99
2015-09-30 64.29 -15.68 26.82 10.76
2015-06-30 66.56 -15.36 29.08 11.15
2015-03-31 68.73 -9.70 31.29 11.54
2014-12-31 69.80 -12.21 33.83 11.92
2014-09-30 70.64 -14.83 34.64 12.23
2014-06-30 71.93 -15.28 35.37 12.55
2014-03-31 74.46 -16.78 35.77 13.09
2013-12-31 77.73 -14.71 36.75 13.32
2013-09-30 89.46 -11.10 37.77 13.49
2013-06-30 101.74 -8.31 39.41 13.61
2013-03-31 113.69 -6.97 40.89 13.65
2012-12-31 92.53 -5.99 38.31 13.73
2012-09-30 130.79 -2.60 41.97 13.97
2012-06-30 134.38 -2.63 42.22 14.39
2012-03-31 137.65 -2.81 42.05 14.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if iPass has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if iPass has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if iPass improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess iPass's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
iPass has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is iPass's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up iPass's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • iPass's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • iPass's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of iPass's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • iPass has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from iPass Company Filings, last reported 4 months ago.

NasdaqCM:IPAS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -7.54 7.10 4.91
2018-06-30 -2.22 6.84 8.17
2018-03-31 -2.20 0.00 2.77
2017-12-31 0.79 0.00 5.16
2017-09-30 3.69 0.00 7.06
2017-06-30 10.00 0.14 10.37
2017-03-31 14.68 0.25 13.47
2016-12-31 18.63 0.37 16.07
2016-09-30 19.26 0.00 17.17
2016-06-30 18.68 0.00 16.14
2016-03-31 18.90 0.29 17.17
2015-12-31 22.60 0.57 20.29
2015-09-30 24.84 0.85 24.24
2015-06-30 28.10 1.13 26.95
2015-03-31 34.68 1.41 28.60
2014-12-31 38.48 1.69 33.81
2014-09-30 41.45 2.31 37.12
2014-06-30 45.70 2.57 41.67
2014-03-31 24.32 2.08 20.09
2013-12-31 29.24 2.33 24.02
2013-09-30 32.81 0.00 25.20
2013-06-30 34.44 0.00 25.02
2013-03-31 34.81 0.00 24.81
2012-12-31 36.90 0.00 26.82
2012-09-30 37.43 0.00 26.50
2012-06-30 37.18 0.00 25.26
2012-03-31 37.12 0.00 25.81
  • iPass has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if iPass's debt level has increased considering it has negative shareholder equity.
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.

  • iPass has less than a year of cash runway based on current free cash flow.
  • iPass has less than a year of cash runway if free cash flow continues to grow at historical rates of 6.5% each year.
X
Financial health checks
We assess iPass's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. iPass has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is iPass's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from iPass dividends.
If you bought $2,000 of iPass shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate iPass's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate iPass's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:IPAS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:IPAS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
NasdaqCM:IPAS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-11-04 0.700 4.647

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as iPass has not reported any payouts.
  • Unable to verify if iPass's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of iPass's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as iPass has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess iPass's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can iPass afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. iPass has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of iPass's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Griffiths
COMPENSATION $281,656
AGE 68
TENURE AS CEO 3.9 years
CEO Bio

Mr. Gary A. Griffiths has been Chief Executive Officer and President of iPass Inc. since March 6, 2015. Mr. Griffiths is co-founder of Trapit, Inc., a company focused on Internet information discovery, which was founded in 2009, and served as its Chief Executive Officer from February 2010 to February 2015. He served as the President of Products & Operations at Cisco WebEx LLC since March 2, 2007. He joined WebEx Communications, Inc., a telecommunications firm specializing in the provision of web-based conferencing solutions, in December 2005 as Vice President of Products. He served as a Strategic Advisor of EPIC Ventures. He served as the Chief Executive Officer and President of LiteScape Technologies, Inc., since June 2008. He served as Vice President of Products at Cisco WebEx LLC from February 2006 to March 2, 2007. Upon the acquisition in May 2007 by Cisco Systems, Inc. of WebEx, he became a Vice President at Cisco, where he remained until April 2008. From June 1999 to December 2005, Mr. Griffiths served as Chairman, President and Chief Executive Officer of Everdream Corporation. He served as the Chief Executive Officer of SegaSoft, Inc., from January 1996 to March 1999. He has held leadership positions at several large and prominent telecommunications companies and served as a Vice President in charge of both products and operations at these companies. In addition, he has extensive experience with overseeing financial and accounting matters and strategic initiatives at small technology companies. He has over 30 years of management experience, spanning a career in the US Navy, IBM and SegaSoft Networks. Under his leadership Everdream has grown rapidly and emerged as the leader in the emerging field of subscription computing. Mr. Griffiths has forged strategic alliances with industry leaders, including Hewlett Packard, Siebel Systems, Oracle, XO Communications and others. Prior to joining Everdream, he co-founded and served as the Chief Executive Officer of SegaSoft Networks, Inc., a multiplayer Internet entertainment software company. In this role he led the creation of a scaleable network infrastructure to deliver entertainment over the Internet with groundbreaking technology and original titles for both online and retail. Mr. Griffiths launched his high tech career at IBM in 1979, where he played key roles in the development of the PS/2 personal computer and the original ThinkPad brand of PCs. From 1993 to 1995, he was responsible for IBM's PowerPC business development efforts. He serves as the Chairman of LiteScape Technologies, Inc. He served as a Director at Janrain, Inc., and TimeBridge, Inc. He has been an Executive Director of iPass Inc. since June 2009. He served as a Director of Silicon Graphics International Corp. from November 2004 to November 1, 2016. Mr. Griffiths served as a Director of Everdream Corporation. He was an associate professor at the U.S. Naval Academy, Annapolis, MD. His active involvement in the industry has earned Everdream a growing list of industry accolades, including "PC Magazine's Editors Choice in Business Computing Solutions", UPSIDE Magazine's 2001 "Hot 100" Award, Computer World's "Top 100 Emerging Companies for 2002", and many others. He is a frequent industry Spokesperson. He is a 1972 graduate of the U. S. Naval Academy, receiving a Bachelor of Science Degree in Aerospace Engineering, followed by post-graduate work at the Naval engineering school. Subsequently, he served in the US Navy as an officer aboard a nuclear fast attack submarine. Mr. Griffiths earned MS in Business Administration from George Washington University.

CEO Compensation
  • Gary's compensation has been consistent with company performance over the past year.
  • Gary's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the iPass management team in years:

3.7
Average Tenure
58.5
Average Age
  • The tenure for the iPass management team is about average.
Management Team

Gary Griffiths

TITLE
President
COMPENSATION
$282K
AGE
68
TENURE
3.9 yrs

Darin Vickery

TITLE
CFO, VP & Secretary
COMPENSATION
$266K
AGE
53
TENURE
3.7 yrs

Patricia Hume

TITLE
Chief Operations Officer
COMPENSATION
$281K
AGE
61
TENURE
1.1 yrs

Blaz Vavpetic

TITLE
Chief Technology Officer
TENURE
1.1 yrs

Kirsten Chapman

TITLE
IR contact- LHA

Ken Traub

TITLE
Advisor and Board Observer
COMPENSATION
$24K
AGE
56
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure and age of the iPass board of directors in years:

3.2
Average Tenure
55
Average Age
  • The tenure for the iPass board of directors is about average.
Board of Directors

Michael Tedesco

TITLE
Chairman of the Board
COMPENSATION
$94K
AGE
51
TENURE
2.7 yrs

Gary Griffiths

TITLE
President
COMPENSATION
$282K
AGE
68
TENURE
9.7 yrs

Dave Panos

TITLE
Director
COMPENSATION
$89K
AGE
55
TENURE
3.8 yrs

Justin Spencer

TITLE
Director
COMPENSATION
$94K
AGE
47
TENURE
2.7 yrs

Ken Traub

TITLE
Advisor and Board Observer
COMPENSATION
$24K
AGE
56
TENURE
3.7 yrs

Neal Goldman

TITLE
Director
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Mar 18 Buy Patricia Hume Individual 05. Mar 18 05. Mar 18 2,000 $4.00 $8,000
28. Feb 18 Sell Darin Vickery Individual 26. Feb 18 26. Feb 18 -2,463 $4.10 $-10,099
28. Feb 18 Buy Gary Griffiths Individual 27. Feb 18 27. Feb 18 5,000 $3.90 $19,500
X
Management checks
We assess iPass's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. iPass has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

When Will iPass Inc (NASDAQ:IPAS) Turn A Profit?

provides mobile connectivity that enables Wi-Fi access on various mobile devices in the United States and internationally. … The US$24.73m market-cap company’s loss lessens since it announced a -US$20.55m bottom-line in the full financial year, compared to the latest trailing-twelve-month loss of -US$20.25m, as it approaches breakeven. … Check out our latest analysis for iPass

Simply Wall St -

Company Info

Map
Description

iPass Inc. provides mobile connectivity that enables Wi-Fi access on various mobile devices in the United States and internationally. It offers mobile connectivity services that provide cloud-based solution allowing customers and their users access to its Wi-Fi network to stay connected to the people and information. The company provides business to business mobile connectivity solutions to large and small enterprises, as well as to strategic partnerships comprising original equipment manufacturers, loyalty programs, software product and service providers, and communication companies; and iPass SmartConnect that takes the guesswork out of Wi-Fi automatically connecting customers to the hotspot for their needs. It operates hotspots at airports, hotels, train stations, convention centers, outdoor venues, inflight, and others. The company sells its services directly through its global sales force, as well as through reseller and strategic partners. iPass Inc. was founded in 1996 and is headquartered in Redwood Shores, California.

Details
Name: iPass Inc.
IPAS
Exchange: NasdaqCM
Founded: 1996
$25,863,461
7,957,988
Website: http://www.ipass.com
Address: iPass Inc.
3800 Bridge Parkway,
Redwood Shores,
California, 94065,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM IPAS Common Stock Nasdaq Capital Market US USD 24. Jul 2003
DB IPN1 Common Stock Deutsche Boerse AG DE EUR 24. Jul 2003
Number of employees
Current staff
Staff numbers
158
iPass employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/13 23:59
End of day share price update: 2019/02/12 00:00
Last estimates confirmation: 2019/01/31
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.