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IGEN Networks

OTCPK:IGEN
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

IGEN Networks Corp. provides vehicle tracking and recovery devices and solutions to the automotive dealership industries in the United States. The last earnings update was 120 days ago. More info.


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  • IGEN Networks has significant price volatility in the past 3 months.
IGEN Share Price and Events
7 Day Returns
0%
OTCPK:IGEN
3.5%
US Communications
2.4%
US Market
1 Year Returns
-15.3%
OTCPK:IGEN
11.9%
US Communications
1.9%
US Market
IGEN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IGEN Networks (IGEN) 0% 42.5% 4.4% -15.3% -75.1% -80.5%
US Communications 3.5% 5.6% 19% 11.9% 76.3% 88.1%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • IGEN underperformed the Communications industry which returned 11.9% over the past year.
  • IGEN underperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
IGEN
Industry
5yr Volatility vs Market

Value

 Is IGEN Networks 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 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. 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 IGEN Networks. This is due to cash flow or dividend data being unavailable. The share price is $0.0449.
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 IGEN Networks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IGEN Networks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:IGEN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.03
OTCPK:IGEN Share Price ** OTCPK (2019-03-08) in USD $0.04
United States of America Communications Industry PE Ratio Median Figure of 33 Publicly-Listed Communications Companies 30.4x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

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

** Primary Listing of IGEN Networks.

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

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

= 0.04 ÷ -0.03

-1.67x

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

  • IGEN Networks is loss making, we can't compare its value to the US Communications industry average.
  • IGEN Networks 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 IGEN Networks's expected growth come at a high price?
Raw Data
OTCPK:IGEN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Communications Industry PEG Ratio Median Figure of 21 Publicly-Listed Communications Companies 1.35x
United States of America Market PEG Ratio Median Figure of 2,109 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 IGEN Networks, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IGEN Networks's assets?
Raw Data
OTCPK:IGEN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $-0.01
OTCPK:IGEN Share Price * OTCPK (2019-03-08) in USD $0.04
United States of America Communications Industry PB Ratio Median Figure of 67 Publicly-Listed Communications Companies 1.84x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:IGEN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.04 ÷ -0.01

-3.06x

* Primary Listing of IGEN Networks.

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

  • IGEN Networks has negative assets, we can't compare the value of its assets to the US Communications industry average.

Next steps:

  1. Take a look at our analysis of IGEN’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.
  2. Show me more potentially undervalued companies in the Communications industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess IGEN Networks'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. IGEN Networks 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 IGEN Networks expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
15.2%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IGEN Networks expected to grow at an attractive rate?
  • Unable to compare IGEN Networks's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare IGEN Networks's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare IGEN Networks's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:IGEN Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 15.2%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
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:IGEN 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:IGEN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 1 -1 -1
2018-06-30 1 -1 -1
2018-03-31 1 -1 -1
2017-12-31 1 -1 -1
2017-09-30 1 -1 -1
2017-06-30 1 0 -1
2017-03-31 1 0 -1
2016-12-31 1 0 -1
2016-09-30 1 0 -1
2016-06-30 1 0 -2
2016-03-31 1 0 -2
2015-12-31 1 0 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if IGEN Networks is high growth as no earnings estimate data is available.
  • Unable to determine if IGEN Networks 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:IGEN 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 IGEN Networks Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IGEN Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.03
2018-06-30 -0.03
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 -0.04
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.04
2016-06-30 -0.06
2016-03-31 -0.06
2015-12-31 -0.06

*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 IGEN Networks will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of IGEN’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.
  2. IGEN Networks's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access IGEN Networks's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess IGEN Networks'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.
IGEN Networks 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 IGEN Networks 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 IGEN Networks's growth in the last year to its industry (Communications).
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.
  • IGEN Networks does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare IGEN Networks's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare IGEN Networks's 1-year growth to the US Communications industry average as it is not currently profitable.
Earnings and Revenue History
IGEN Networks'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 IGEN Networks Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IGEN 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 1.38 -1.31 1.82
2018-06-30 1.31 -1.39 1.73
2018-03-31 1.40 -1.48 1.78
2017-12-31 1.35 -1.30 1.61
2017-09-30 1.36 -1.25 1.70
2017-06-30 1.41 -0.97 1.42
2017-03-31 1.19 -0.88 1.24
2016-12-31 1.14 -0.84 1.20
2016-09-30 1.06 -1.07 0.83
2016-06-30 1.02 -1.68 1.52
2016-03-31 1.13 -1.62 1.47
2015-12-31 1.04 -1.61 1.39
2015-09-30 1.04 -1.30 1.49
2015-06-30 0.97 -0.91 1.06
2015-03-31 0.88 -0.84 1.02
2014-12-31 0.72 -0.75 0.88
2014-09-30 0.54 -0.52 0.71
2014-06-30 0.30 -0.40 0.50
2014-03-31 0.14 -0.49 0.51
2013-12-31 0.15 -0.59 0.64
2013-09-30 0.17 -0.65 0.66
2013-06-30 0.17 -0.68 0.70
2013-03-31 0.15 -0.55 0.60
2012-12-31 0.13 -0.44 0.48
2012-09-30 0.06 -0.97 0.87
2012-06-30 0.03 -0.94 0.80
2012-03-31 0.01 -0.91 0.73

*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 IGEN Networks 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 IGEN Networks has efficiently used its assets last year compared to the US Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if IGEN Networks improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess IGEN Networks'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 Communications 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.
IGEN Networks 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 IGEN Networks'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 IGEN Networks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IGEN Networks's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • IGEN Networks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IGEN Networks'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.
  • IGEN Networks 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 IGEN Networks Company Filings, last reported 5 months ago.

OTCPK:IGEN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -0.88 0.08 0.01
2018-06-30 -1.03 0.22 0.19
2018-03-31 -1.06 0.18 0.22
2017-12-31 -1.39 0.13 0.03
2017-09-30 -0.71 0.08 0.07
2017-06-30 -0.59 0.10 0.04
2017-03-31 -0.43 0.08 0.04
2016-12-31 -0.81 0.08 0.04
2016-09-30 -0.36 0.15 0.05
2016-06-30 -0.24 0.16 0.03
2016-03-31 -0.12 0.12 0.08
2015-12-31 -0.10 0.12 0.03
2015-09-30 0.49 0.09 0.05
2015-06-30 0.57 0.14 0.02
2015-03-31 0.60 0.13 0.04
2014-12-31 0.64 0.13 0.06
2014-09-30 0.80 0.17 0.06
2014-06-30 0.83 0.17 0.07
2014-03-31 0.27 0.19 0.02
2013-12-31 0.24 0.18 0.01
2013-09-30 0.27 0.15 0.00
2013-06-30 0.34 0.15 0.05
2013-03-31 0.27 0.00 0.04
2012-12-31 0.32 0.00 0.04
2012-09-30 0.52 0.00 0.21
2012-06-30 0.51 0.00 0.22
2012-03-31 0.36 0.00 0.13
  • IGEN Networks has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if IGEN Networks'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.

  • IGEN Networks has less than a year of cash runway based on current free cash flow.
  • IGEN Networks has less than a year of cash runway if free cash flow continues to grow at historical rates of 53.8% each year.
X
Financial health checks
We assess IGEN Networks'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. IGEN Networks 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 IGEN Networks'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 IGEN Networks dividends.
If you bought $2,000 of IGEN Networks 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 IGEN Networks's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IGEN Networks'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:IGEN 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 Communications Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.4%
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 IGEN Networks has not reported any payouts.
  • Unable to verify if IGEN Networks's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IGEN Networks's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IGEN Networks 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 IGEN Networks'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 IGEN Networks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IGEN Networks 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 IGEN Networks'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
Neil Chan
COMPENSATION $183,000
AGE 55
TENURE AS CEO 7.5 years
CEO Bio

Mr. Neil Gene Chan has been the Chief Executive Officer of IGen Networks Corp. since September 1, 2011 and also serves as its CFO & President. Mr. Chan served as the Chairman and Chief Executive Officer of Gogiro Internet Group, Inc. He is a career technologist who has pioneered the early adoption of disruptive technologies in more than 45 countries over the last 30 years. Mr. Chan has over 20 years experience in the wireless communications industry, with expertise in product and service development, marketing and sales. He served as Senior Vice President of Business Development at Webtech Wireless Inc. since November 1, 2004 until April 8, 2010 and also served as its Senior Vice President of Worldwide Sales and Marketing since August 27, 2007 until April 8, 2010. In the spring of 2000, Mr. Chan joined Airvana Inc., to lead business development for the early adoption of CDMA-based broadband wireless networks. Mr. Chan served as the Founding Executive and Vice President of Global Accounts for Airvana, Inc., a world class 3G infrastructure supplier that sold to the top 25 CDMA carriers worldwide. Mr. Chan led the first technology transfer initiative between Canada and Mainland China on behalf of Spar Aerospace and Gandalf Technologies Inc., during the mid-1980s along with training, product marketing and sales responsibilities for growing Gandalf’s export markets. He served as Motorola’s Vice President and Managing Director for the Broadband Communication Sector for the Asia Pacific Region since 1990, Mr. Chan was responsible for growing annual revenues from start-up to $400M within four years of operation. Mr. Chan also Chairman of several private networking and application software companies. He served as Executive Review Board Member of Royal Roads University. Mr. Chan has been a Director of IGen Networks Corp. since September 1, 2011. He serves as a Director of Gogiro Internet Group, Inc.

CEO Compensation
  • Neil's compensation has increased whilst company is loss making.
  • Neil's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Neil Chan

TITLE
CEO, CFO
COMPENSATION
$183K
AGE
55
TENURE
7.5 yrs

Abel Sierra

TITLE
VP of Business Development & GM
COMPENSATION
$144K
AGE
45
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the IGEN Networks board of directors in years:

8.3
Average Tenure
55
Average Age
  • The tenure for the IGEN Networks board of directors is about average.
Board of Directors

Bob Nealon

TITLE
Chairman of the Board
AGE
61
TENURE
8.7 yrs

Neil Chan

TITLE
CEO, CFO
COMPENSATION
$183K
AGE
55
TENURE
7.5 yrs

Carlos Calderon

TITLE
Member of Advisory Board
TENURE
8.3 yrs

Mike Griffin

TITLE
Member of Advisory Board
TENURE
8.3 yrs

Jim Pasco

TITLE
Member of Advisory Board
TENURE
8.3 yrs

Peter Goelz

TITLE
Member of Advisory Board
TENURE
7.8 yrs

Jeffrey DeBoer

TITLE
Member of the Advisory Board

Patrick Minix

TITLE
Member of the Advisory Board

John Raffaelli

TITLE
Member of the Advisory Board

Mark Wells

TITLE
Director
AGE
55
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by IGEN Networks insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Feb 19 Buy Neil Chan Individual 12. Feb 19 21. Feb 19 145,000 $0.04 $5,550
13. Nov 18 Buy Neil Chan Individual 05. Nov 18 06. Nov 18 9,500 $0.07 $604
08. Nov 18 Buy Neil Chan Individual 05. Nov 18 08. Nov 18 13,500 $0.07 $854
12. Oct 18 Buy Neil Chan Individual 12. Oct 18 12. Oct 18 5,000 $0.06 $309
31. Aug 18 Buy Neil Chan Individual 30. Aug 18 31. Aug 18 10,000 $0.07 $631
17. Aug 18 Buy Neil Chan Individual 15. Aug 18 16. Aug 18 12,500 $0.06 $678
17. Aug 18 Buy Neil Chan Individual 15. Aug 18 16. Aug 18 12,500 $0.06 $678
10. Aug 18 Buy Neil Chan Individual 08. Aug 18 09. Aug 18 15,000 $0.06 $757
10. Aug 18 Buy Neil Chan Individual 08. Aug 18 09. Aug 18 15,000 $0.05 $723
21. Jul 18 Buy Abel Sierra Individual 17. Jul 18 17. Jul 18 20,000 $0.04 $800
18. Jul 18 Buy Abel Sierra Individual 17. Jul 18 17. Jul 18 20,000 $0.04 $800
17. Jul 18 Buy Neil Chan Individual 16. Jul 18 16. Jul 18 5,000 $0.04 $209
17. Jul 18 Buy Neil Chan Individual 16. Jul 18 16. Jul 18 5,000 $0.04 $209
29. Jun 18 Buy Neil Chan Individual 27. Jun 18 29. Jun 18 15,000 $0.05 $666
20. Jun 18 Buy Neil Chan Individual 19. Jun 18 19. Jun 18 10,000 $0.04 $400
15. May 18 Buy MKH Management Company, LLC Company 13. Apr 18 13. Apr 18 5,000,000 $0.08 $400,000
06. Apr 18 Buy Neil Chan Individual 05. Apr 18 06. Apr 18 12,500 $0.09 $825
26. Mar 18 Buy Neil Chan Individual 21. Mar 18 23. Mar 18 12,000 $0.09 $777
X
Management checks
We assess IGEN Networks'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. IGEN Networks 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

IGEN Networks Corp. provides vehicle tracking and recovery devices and solutions to the automotive dealership industries in the United States. The company offers lot inventory management, asset tracking, and stolen vehicle recovery solutions. It also invests in and manages private high-tech companies that offer products and services in the domains of wireless broadband and machine-to-machine communications and applications, as well as sells its products and services through the distribution channels. 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.

Details
Name: IGEN Networks Corp.
IGEN
Exchange: OTCPK
Founded: 2006
$2,995,502
66,714,970
Website: http://www.igen-networks.com
Address: IGEN Networks Corp.
29970 Technology Drive,
Suite 108,
Murrieta,
California, 92590,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK IGEN Common Shares Pink Sheets LLC US USD 14. Oct 2008
CNSX IGN Common Shares Canadian National Stock Exchange CA CAD 14. Oct 2008
Number of employees
Current staff
Staff numbers
10
IGEN Networks employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:13
End of day share price update: 2019/03/08 00:00
Last earnings filing: 2018/11/19
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.