Duyuru • Aug 01
IGEN Networks Corp. Files Form 15 IGEN Networks Corp. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common under the Securities Exchange Act of 1934, as amended. Duyuru • Apr 03
IGEN Networks Corp. announced delayed annual 10-K filing On 04/02/2024, IGEN Networks Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Aug 17
IGEN Networks Corp. announced delayed 10-Q filing On 08/15/2023, IGEN Networks Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • May 17
IGEN Networks Corp. announced delayed 10-Q filing On 05/16/2023, IGEN Networks Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • May 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. COO & Director Abel Sierra was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 17
IGEN Networks Corp. (OTCPK:IGEN) signed a letter of intent to acquire 51% stake in Prolog for $ 1.1 million. IGEN Networks Corp. (OTCPK:IGEN) signed a letter of intent to acquire 51% stake in Prolog for $ 1.1 million on January 13, 2023. The purchase in the form of IGEN common shares will be approximately $0.9 to $1.1 million paid through multiple tranches based on achieving minimum revenue thresholds that will range from $1.8 million to $3.5 million over the first 12 months from closing of the definitive agreement. Board Change • Jan 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. COO & Director Abel Sierra was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Dec 16
IGEN Networks Corp. Appoints Juan Ignacio Avila Diaz Rubin as Chief Technology Officer IGEN Networks Corp. announced the appointment of Juan Ignacio Avila Diaz Rubin as Chief Technology Officer. Juan Ignacio Avila Diaz Rubin is the founding partner of Prolog, a global leader and provider of logistics and supply -chain management solutions to over 1200 clients, 80 distribution centers and warehouses with over 250,000 commercial vehicles under management. Mr. Avila has provided his leadership on more than 300 large-scale supply-chain and logistics projects over the past 30 years on three continents. Amongst these projects requiring complex logistics solutions and a compelling ROI were organizations that included Walmart, Eli Lilly, Merck A.G., Carrefour, Ford Motor Company, Glaxo (GSK), and GNP Mexico's second larger insurer. Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. COO & Director Abel Sierra was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0 (vs US$0 in 3Q 2021) Third quarter 2022 results: EPS: US$0 (in line with 3Q 2021). Revenue: US$131.6k (up 125% from 3Q 2021). Net loss: US$361.1k (loss narrowed 16% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Board Change • Oct 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. COO & Director Abel Sierra was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 19
IGEN Networks Corp. Appoints Abel I. Seirra as Chief Operating Officer and to the Board of Directors Effective as of October 14, 2022 Abel I. Seirra has been appointed as the Chief Operating Officer of IGEN Networks Corporation. Also effective as of October 1, 2022 Mr. Sierra has been appointed to the Company’s Board of Directors Mr. Sierra has served as President of the Antelope Valley Hispanic Chamber of Commerce (AVHCC) - the first President elected to a second term in the organization’s 20-year history. AVHCC’s mission is to provide Hispanic entrepreneurship, community growth, and development, by supporting economic programs designed to strengthen and expand the potential of all business. Prior and concurrent to Mr. Sierra’s role with AVHCC was his position as Agency Vice President of HBW Insurance and Financial Services. Mr. Sierra served as an Independent Associate with Legal Shield, Regional Vice President for Primerica Financial Services, marketing Representative for 21 Century AIG direct, community Representative for Palmdale School District and Palmdale Head Start. Mr. Sierra also served 14 years as a Counter-Intelligence Specialist with the United States Marine Corps. Mr. Sierra’s previous positions with IGEN included Vice President and General Manager. Mr. Sierra’s appointments to IGEN’s Board and as COO were made by the unanimous vote of the Company’s Board members. Duyuru • Sep 13
IGEN Files Patent Pending Application for Creating Real-Time Driver Telematic Signatures (Dts) for Autonomous Vehicles IGEN Networks Corporation announced the filing for Patent Pending Application No. 17/850,258 - "Method and System for Creating Real-Time Driver Telematic Signatures" with the United States Patent Office (USPTO). IGEN's Patent Application No. 17/850,258 further strengthens IGEN's patent portfolio by doubling the number of patent claims to over 40 elements related to assessing driving behavior and habits, regardless of whether the driver is a person or an autonomously driven vehicle. The Digital Telematics Signature (DTS) is comprised of proprietary algorithms designed to measure driver behavior for both commercial and consumer vehicles regardless of the data sources. Patent Application No. 17/850,258 expands the dataset of "Big Data" to include many of the external elements that affect driving behavior including weather conditions, population density, and vehicle condition. Whether driving in high-density traffic or at high speeds over the expressway, the data is normalized across a relatively large sample to eliminate gross errors and create a consistent and accurate driver profile based on actuarial metrics. With programmable weighting of driving events such as speed, sudden-braking, harsh-turns, traffic flow, and vehicle profiling, a "DTS" or weighted score is created and updated real-time or over an extended period-of-time in accordance with actuarial standards. IGEN's Next-Generation Platform incorporates the DTS algorithms for both commercial and consumer markets. Built on Amazon's Web Service (AWS) infrastructure and based on state-of-the-art coding methodology, the Next-Generation Platform leverages Facebook and Google design techniques to present a seamless user interface regardless of access methods including smartphones, tablets, desktops, and third-party application environments. The AWS infrastructure offers reliability, security, and scalability to support millions of users or assets and an Application Programming Interface (API) friendly environment that adapts to a broad range of data sources to support the changing needs of consumer and commercial markets. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: US$0 (vs US$0 in 2Q 2021) Second quarter 2022 results: EPS: US$0 (vs US$0 in 2Q 2021). Revenue: US$92.0k (up 11% from 2Q 2021). Net loss: US$19.2k (loss narrowed 95% from 2Q 2021). Duyuru • Aug 04
Igen Networks Corp. Accepts the Resignation of Robert Friedman from His Position as Member of the Board Effective as of July 29, 2022, the Board of Directors of IGEN Networks Corporation accepted the resignation of Robert Friedman (“Friedman”) from his position as a member of the Board. Management of the Company is unaware of any disagreements between Mr. Friedman and management relating to the Company’s operations, policies or practices. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: US$0 (vs US$0 in 1Q 2021) First quarter 2022 results: EPS: US$0 (vs US$0 in 1Q 2021). Revenue: US$46.3k (down 42% from 1Q 2021). Net loss: US$282.4k (loss narrowed 43% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Robert Friedman was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: US$0.003 loss per share (vs US$0.005 loss in FY 2020) Full year 2021 results: US$0.003 loss per share. Revenue: US$268.9k (down 27% from FY 2020). Net loss: US$3.80m (loss widened 6.9% from FY 2020). Duyuru • Jun 09
IGEN Networks Corporation Launches Co-Branded Medallion GPS for Light Commercial Fleets IGEN Networks Corporation announced the launch of its Co-branded Medallion GPS service platform designed for Light Commercial Fleets and to be sold and marketed through the T-Mobile Business Small-to-Medium Business(SMB) Sales Force located across all US markets. Duyuru • May 19
IGEN Networks Corp. announced delayed 10-Q filing On 05/18/2021, IGEN Networks Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Apr 03
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$368.0k (down 49% from FY 2019). Net loss: US$2.64m (loss widened 354% from FY 2019). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Duyuru • Dec 18
IGEN Networks Corporation joins The T-Mobile Partner Program IGEN Networks Corporation announced joining The T-Mobile Partner Program, enabling the sale of IGEN products through T-Mobile's Business Sales Channels. The T-Mobile Partner Program is a comprehensive program to support T-Mobile's Small Business Channels through a full-service portal, social marketing tools to drive demand, and co-branding material to support the sales and marketing of partner products and services. Facilitated by the Hyperion Partners relationship, IGEN product solutions are now sold over the T-Mobile Network by the T-Mobile Business Sales Force. Duyuru • Nov 11
IGEN Networks Corp. Launches Product Line Through T-Mobile IoT Market Place IGEN Networks Corp. announced the launch of all three business brands: Nimbo Tracking, CU Trak, and Medallion GPS PRO through the newly created T-Mobile IoT Market Place -Ecommerce platform enabling commercial and enterprise customers to explore, select and rapidly deploy finished IoT solutions according to their unique needs. Nimbo Tracking is a solution designed to be pre-installed into all vehicles on the dealership lot, providing a unique and value-added inventory and lot management capability. Upon sale of the vehicle, the customer has the option to purchase the Nimbo Tracking device and prepay for multiple years of service on IGEN's application platform, providing valuable security, vehicle tracking, systems status and driver behavior services to vehicle owners. Doing so provides a high value service to the consumer and an added profit center for the dealership. CU Trak offers a unique solution for the Credit Unions and their Members. By deploying CU Trak as part of the underwriting process, credit unions are able to finance more of their members with higher-risk credit scores while offering lower down payments and improved overall loan performance. This allows more credit union members to receive the vehicle loans they need for work and mobility while enjoying the benefits of user-friendly mobile apps for vehicle tracking and location records, security, real-time alerts, and driver behavior data, as part of the ongoing services package. CU Trak will be sold as a three-year hardware and monitoring services bundle targeting approximately 2,500 credit unions in key markets. Medallion GPS PRO is a Commercial Fleet Management Platform designed for the Light Commercial Fleet owner, with compelling features and services at lower costs and emphasis on ease-of-use. The system is organized around both asset and driver with dispatch capabilities, automated reporting, maintenance, diagnostics reporting, driver behavior scoring, along with video tutorials on demand that are built on the AWS Cloud-based infrastructure. Medallion GPS PRO includes the patented "Digital Telematics Signature", offering greater accuracy in measuring and scoring driver behavior across diverse fleets, which serves as a powerful tool for assessing actuarial risk of assets and their drivers. Duyuru • Oct 27
IGEN signs Agreement with T-Mobile's Master Agent Hyperion Partners IGEN Networks Corporation announced the signing of a Partner Agreement with Hyperion Partners, Master Agent for T-Mobile Business. The Partner Agreement enables the sales of IGEN products and services through Hyperion channels that include Resellers, Referrers, and a prerequisite for T-Mobile's "Sell with Partner" program and the most recently announced T-Mobile Business Partner Program. Duyuru • Aug 14
IGEN Networks Corp. announced delayed 10-Q filing On 08/13/2020, IGEN Networks Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Jun 30
IGEN Networks Corp. announced delayed 10-Q filing On 06/29/2020, IGEN Networks Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.