IronNet, Inc. (IRNT) Financial Statements (2024 and earlier)

Company Profile

Business Address 7900 TYSONS ONE PLACE
MCLEAN, VA 22102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2023
1/31/2022
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,6737891,021
Cash and cash equivalents47,6737891,021
Receivables9,861  
Inventory, net of allowances, customer advances and progress billings4,581  
Inventory4,581  
Prepaid expense3,66095227
Deferred costs2,599  
Other current assets1,458  
Other undisclosed current assets829  
Total current assets:70,6618851,248
Noncurrent Assets
Property, plant and equipment5,606  
Asset, held-in-trust  173,192 
Deferred costs3,243  
Other undisclosed noncurrent assets1,722 172,654
Total noncurrent assets:10,571173,192172,654
TOTAL ASSETS:81,232174,077173,902
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,599237214
Taxes payable54210 
Accounts payable2,348  
Accrued liabilities4,709 214
Other undisclosed accounts payable and accrued liabilities  227 
Deferred revenue16,049  
Debt   
Deferred rent credit 159  
Due to related parties   
Other liabilities689  
Other undisclosed current liabilities  6,038
Total current liabilities:24,4962376,252
Noncurrent Liabilities
Liabilities, other than long-term debt18,286  
Deferred revenue17,517  
Deferred rent credit 769  
Other liabilities   
Other undisclosed noncurrent liabilities 7  
Total noncurrent liabilities:18,293  
Other undisclosed liabilities  6,048 
Total liabilities:42,7896,2856,252
Temporary equity, carrying amount  162,792162,651
Equity
Equity, attributable to parent, including:38,4435,0005,000
Common stock9  
Additional paid in capital455,8494,9615,102
Accumulated other comprehensive income271  
Retained earnings (accumulated deficit)(417,686)39(103)
Other undisclosed equity, attributable to parent  11
Total equity:38,4435,0005,000
TOTAL LIABILITIES AND EQUITY:81,232174,077173,902

Income Statement (P&L) ($ in thousands)

1/31/2023
1/31/2022
12/31/2020
12/31/2019
Revenues27,544809 
Other income  809 
Cost of revenue(9,383)(630) 
Cost of goods and services sold(12)(630) 
Gross profit:18,161179 
Operating expenses(247,920)  
Other undisclosed operating loss  (809) 
Operating loss:(229,759)(630) 
Nonoperating expense(1,158)(396) 
Loss on condemnation  (396) 
Other nonoperating expense(1,158)  
Interest and debt expense(1,155)  
Loss from continuing operations before equity method investments, income taxes:(232,072)(1,025) 
Other undisclosed income (loss) from continuing operations before income taxes(10,110)988 
Loss from continuing operations before income taxes:(242,182)(38) 
Income tax expense (benefit)(465)179 
Income (loss) from continuing operations:(242,647)141 
Income (loss) before gain (loss) on sale of properties:(242,647)141 
Net income (loss) available to common stockholders, diluted:(242,647)141 

Comprehensive Income ($ in thousands)

1/31/2023
1/31/2022
12/31/2020
12/31/2019
Net income (loss):(242,647)141 
Other comprehensive income (loss)(231)  
Comprehensive income (loss):(242,878)141 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent462  
Comprehensive income (loss), net of tax, attributable to parent:(242,416)141 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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