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InsPro Technologies

OTCPK:ITCC
Snowflake Description

Flawless balance sheet and undervalued.

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

InsPro Technologies Corporation, a technology company, develops, sells, and supports Web-based insurance administration software application for insurance carriers and third party administrators in the United States. The last earnings update was 127 days ago. More info.


Add to Portfolio Compare Print
  • InsPro Technologies has significant price volatility in the past 3 months.
ITCC Share Price and Events
7 Day Returns
-8%
OTCPK:ITCC
2.4%
US Software
1.2%
US Market
1 Year Returns
-13.2%
OTCPK:ITCC
25.6%
US Software
3%
US Market
ITCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
InsPro Technologies (ITCC) -8% -28.1% 8.2% -13.2% 15% -42.5%
US Software 2.4% 5.5% 19.8% 25.6% 110.4% 139.4%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • ITCC underperformed the Software industry which returned 25.6% over the past year.
  • ITCC underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
ITCC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is InsPro Technologies 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of InsPro Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for InsPro Technologies.

OTCPK:ITCC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ITCC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.141 (1 + (1- 21%) (19.78%))
1.214
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.214 * 5.96%)
9.96%

Discounted Cash Flow Calculation for OTCPK:ITCC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for InsPro Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:ITCC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.96%)
2019 3.02 Est @ 52.73% 2.75
2020 4.16 Est @ 37.73% 3.44
2021 5.30 Est @ 27.23% 3.98
2022 6.35 Est @ 19.88% 4.34
2023 7.28 Est @ 14.73% 4.53
2024 8.09 Est @ 11.13% 4.58
2025 8.79 Est @ 8.61% 4.52
2026 9.39 Est @ 6.85% 4.39
2027 9.92 Est @ 5.61% 4.22
2028 10.39 Est @ 4.75% 4.02
Present value of next 10 years cash flows $40.78
OTCPK:ITCC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $10.39 × (1 + 2.73%) ÷ (9.96% – 2.73%)
$147.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $147.58 ÷ (1 + 9.96%)10
$57.09
OTCPK:ITCC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $40.78 + $57.09
$97.87
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $97.87 / 41.54
$2.36
OTCPK:ITCC Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.36
Current discount Discount to share price of $0.05
= -1 x ($0.05 - $2.36) / $2.36
98%

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

Current Discount
Amount off the current price InsPro Technologies is available for.
Intrinsic value
>50%
Share price is $0.05 vs Future cash flow value of $2.36
Current Discount Checks
For InsPro Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • InsPro Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • InsPro Technologies's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 InsPro Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are InsPro Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ITCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.08
OTCPK:ITCC Share Price ** OTCPK (2019-03-19) in USD $0.05
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 53.03x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of InsPro Technologies.

OTCPK:ITCC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:ITCC Share Price ÷ EPS (both in USD)

= 0.05 ÷ 0.08

0.57x

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

  • InsPro Technologies is good value based on earnings compared to the US Software industry average.
  • InsPro Technologies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does InsPro Technologies's expected growth come at a high price?
Raw Data
OTCPK:ITCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-30.7%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.6x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*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 InsPro Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on InsPro Technologies's assets?
Raw Data
OTCPK:ITCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.06
OTCPK:ITCC Share Price * OTCPK (2019-03-19) in USD $0.05
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.84x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:ITCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:ITCC Share Price ÷ Book Value per Share (both in USD)

= 0.05 ÷ 0.06

0.75x

* Primary Listing of InsPro Technologies.

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

  • InsPro Technologies is good value based on assets compared to the US Software industry average.
X
Value checks
We assess InsPro Technologies'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. InsPro Technologies has a total score of 5/6, 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 InsPro Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover InsPro Technologies, future earnings growth has been estimated based on fundamentals.
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
-30.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is InsPro Technologies expected to grow at an attractive rate?
  • InsPro Technologies's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • InsPro Technologies's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare InsPro Technologies's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:ITCC Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ITCC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -30.7%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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
OTCPK:ITCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ITCC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 23 2 3
2018-06-30 23 2 4
2018-03-31 23 0 3
2017-12-31 22 0 2
2017-09-30 21 -1 0
2017-06-30 20 -1 -2
2017-03-31 20 0 -3
2016-12-31 22 0 -3
2016-09-30 23 0 -3
2016-06-30 23 -2 -4
2016-03-31 24 -1 -4
2015-12-31 21 -4 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • InsPro Technologies's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if InsPro Technologies is high growth as no revenue estimate data is available.
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
OTCPK:ITCC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from InsPro Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ITCC Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.08
2018-06-30 0.11
2018-03-31 0.08
2017-12-31 0.04
2017-09-30 -0.01
2017-06-30 -0.05
2017-03-31 -0.07
2016-12-31 -0.07
2016-09-30 -0.08
2016-06-30 -0.09
2016-03-31 -0.09
2015-12-31 -0.16

*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 InsPro Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess InsPro Technologies'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.
InsPro Technologies has a total score of 0/6, 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 InsPro Technologies 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 InsPro Technologies'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.
  • InsPro Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • InsPro Technologies has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • InsPro Technologies has become profitable in the last year making it difficult to compare the US Software industry average.
Earnings and Revenue History
InsPro Technologies'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 InsPro Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ITCC 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 22.63 3.37 4.62
2018-06-30 23.39 4.38 4.64
2018-03-31 22.82 3.18 5.54
2017-12-31 21.69 1.60 5.53
2017-09-30 20.60 -0.45 5.70
2017-06-30 20.17 -1.91 5.78
2017-03-31 20.10 -2.97 5.32
2016-12-31 21.83 -2.74 5.35
2016-09-30 22.56 -3.19 5.69
2016-06-30 23.29 -3.66 5.87
2016-03-31 24.44 -3.69 6.09
2015-12-31 21.38 -6.53 5.99
2015-09-30 20.55 -7.26 5.84
2015-06-30 20.15 -7.09 5.76
2015-03-31 18.83 -8.11 7.46
2014-12-31 18.67 -5.42 7.10
2014-09-30 16.87 -4.31 7.06
2014-06-30 13.76 -4.77 6.97
2014-03-31 13.79 -2.36 5.04
2013-12-31 14.80 -2.14 5.14
2013-09-30 15.06 -2.34 4.92
2013-06-30 15.57 -2.91 4.78
2013-03-31 14.35 -8.14 4.50
2012-12-31 12.15 -8.40 4.16
2012-09-30 12.26 -5.45 3.92
2012-06-30 10.58 -5.34 3.93
2012-03-31 9.11 -0.74 4.04

*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.
  • InsPro Technologies made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • InsPro Technologies used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • Unable to establish if InsPro Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess InsPro Technologies'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.
InsPro Technologies has a total score of 3/6, 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 InsPro Technologies'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 InsPro Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • InsPro Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • InsPro Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of InsPro Technologies'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.
  • Debt is covered by short term assets, assets are 20.8x debt.
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 InsPro Technologies Company Filings, last reported 5 months ago.

OTCPK:ITCC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2.56 0.38 5.19
2018-06-30 2.08 0.39 4.91
2018-03-31 1.32 0.25 4.57
2017-12-31 0.38 0.26 5.02
2017-09-30 -0.85 0.33 3.42
2017-06-30 -2.49 0.26 3.18
2017-03-31 -4.35 0.27 1.99
2016-12-31 -3.79 0.38 3.16
2016-09-30 -2.97 0.49 2.79
2016-06-30 -3.04 0.49 2.48
2016-03-31 -2.88 0.45 2.81
2015-12-31 -2.65 0.41 3.40
2015-09-30 -2.43 0.50 1.97
2015-06-30 -5.73 2.96 3.18
2015-03-31 -4.25 3.40 3.17
2014-12-31 -1.25 0.96 3.43
2014-09-30 0.15 1.04 2.59
2014-06-30 0.32 1.03 2.61
2014-03-31 1.11 0.61 1.84
2013-12-31 1.60 0.63 2.57
2013-09-30 2.40 0.68 2.83
2013-06-30 1.92 0.73 2.73
2013-03-31 1.94 0.65 3.09
2012-12-31 2.16 0.70 3.35
2012-09-30 1.96 0.24 2.09
2012-06-30 -3.09 0.27 3.12
2012-03-31 2.13 0.19 3.90
  • InsPro Technologies's level of debt (14.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (28.5% vs 14.8% today).
  • Debt is well covered by operating cash flow (538.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 144.7x coverage).
X
Financial health checks
We assess InsPro Technologies'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. InsPro Technologies has a total score of 6/6, 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 InsPro Technologies'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 InsPro Technologies dividends.
If you bought $2,000 of InsPro Technologies 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 InsPro Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate InsPro Technologies'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
OTCPK:ITCC 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 0 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 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.

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

  • Unable to perform a dividend volatility check as InsPro Technologies has not reported any payouts.
  • Unable to verify if InsPro Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of InsPro Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as InsPro Technologies 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 InsPro Technologies'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 InsPro Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. InsPro Technologies 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 InsPro Technologies'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
Anthony Verdi
COMPENSATION $371,952
AGE 69
TENURE AS CEO 0.4 years
CEO Bio

Mr. Anthony Ronald Verdi has been the President and Chief Executive Officer of InsPro Technologies Corporation since October 29, 2018 and its Chief Financial Officer since November 10, 2005. Mr. Verdi serves as the Chief Financial Officer of InsPro Technologies LLC. Mr. Verdi had been the Chief Operating Officer of InsPro Technologies Corporation since April 8, 2008 until October 2018. Mr. Verdi had been the Assistant Secretary of InsPro Technologies Corporation since November 23, 2005 until October 2018. He served as Chief Financial Officer and Assistant Secretary of Darwin Resources Corp. since November 2005 and served as its Principal Accounting Officer. He served as the Chief Executive Officer of InsPro Technologies Corporation (formerly, Health Benefits Direct Corporation) from May 18, 2011 to January 26, 2015 and served as its Acting Principal Executive Officer from June 20, 2008 to May 18, 2011. From December 1998 to March 1, 2001, Mr. Verdi served as Chief Operating Officer of Provident. He joined Healthaxis Inc. as its Chief Financial Officer and Treasurer on December 1, 1999. He served as the Chief Financial Officer and Treasurer of HAXS of BPO Management Services, Inc. from April 1, 2000 to March 1, 2001. From 1990 to 1998, Mr. Verdi served as Chief Financial Officer of Provident American Corporation. From 1986 to 1990, he served as Vice-President and Controller for the Inter County Hospitalization and Health Plans, a Group Medical Insurer, where he was responsible for accounting, actuarial and underwriting functions as well as strategic initiatives, which ultimately resulted in the acquisition of it by Pennsylvania Blue Shield. From 1971 to 1986, he served in various finance and accounting capacities for the Academy Insurance Group, ultimately serving as the Assistant Controller responsible for SEC and management reporting. From 2001 to November 2005, Mr. Verdi provided consulting services to life, health and property and casualty insurance company agency and venture capital clients, which consulting services has included interim management and advice regarding acquisitions, divestitures, product development, reinsurance programs, regulatory interaction, operations, organizational development and personnel recruiting. He has been a Director of InsPro Technologies Corporation since June 20, 2008.

CEO Compensation
  • Anthony's compensation has increased in line with InsPro Technologies recently becoming profitable.
  • Anthony's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the InsPro Technologies management team in years:

1.2
Average Tenure
64
Average Age
  • The average tenure for the InsPro Technologies management team is less than 2 years, this suggests a new team.
Management Team

Anthony Verdi

TITLE
President
COMPENSATION
$372K
AGE
69
TENURE
0.4 yrs

David Medlock

TITLE
Chief Architect
COMPENSATION
$283K
AGE
35
TENURE
1.2 yrs

Kevin Nelson

TITLE
Head of Technology
TENURE
1.2 yrs

Francis Gillan

TITLE
VP & Controller
AGE
64
Board of Directors Tenure

Average tenure and age of the InsPro Technologies board of directors in years:

9
Average Tenure
63.5
Average Age
  • The tenure for the InsPro Technologies board of directors is about average.
Board of Directors

Don Caldwell

TITLE
Chairman of the Board
COMPENSATION
$10K
AGE
72
TENURE
10.9 yrs

Anthony Verdi

TITLE
President
COMPENSATION
$372K
AGE
69
TENURE
10.8 yrs

Sanford Rich

TITLE
Director
COMPENSATION
$8K
AGE
60
TENURE
12.9 yrs

Alan Krigstein

TITLE
Director
COMPENSATION
$2K
AGE
66
TENURE
4.8 yrs

Frederick Tecce

TITLE
Director
COMPENSATION
$6K
AGE
82
TENURE
2.6 yrs

Edmond Walters

TITLE
Director
COMPENSATION
$2K
AGE
57
TENURE
10.9 yrs

Michael Azeez

TITLE
Director
COMPENSATION
$3K
AGE
61
TENURE
7.3 yrs

Ken Harvey

TITLE
Director
COMPENSATION
$6K
AGE
57
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess InsPro Technologies'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. InsPro Technologies 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

Company Info

Description

InsPro Technologies Corporation, a technology company, develops, sells, and supports Web-based insurance administration software application for insurance carriers and third party administrators in the United States. It offers InsPro Enterprise software application, an insurance administration and marketing system that supports group and individual business lines, as well as processes agent, direct market, worksite, and Website generated businesses. The company provides InsPro Enterprise on a licensed and an application service provider basis. It also offers professional services, such as system implementation, legacy system migration, application management, Web development, help desk, and hosting service support services. The company was formerly known as Health Benefits Direct Corporation and changed its name to InsPro Technologies Corporation in November 2010. InsPro Technologies Corporation was founded in 1986 and is based in Eddystone, Pennsylvania.

Details
Name: InsPro Technologies Corporation
ITCC
Exchange: OTCPK
Founded: 1986
$1,911,008
41,543,655
Website: http://www.inspro.com
Address: InsPro Technologies Corporation
1510 Chester Pike,
400 Baldwin Tower,
Eddystone,
Pennsylvania, 19022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK ITCC Common Stock Pink Sheets LLC US USD 25. Nov 2005
Number of employees
Current staff
Staff numbers
63
InsPro Technologies employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:05
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/11/14
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.