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)
| 10/31/2023 MRQ | 1/31/2023 | 1/31/2022 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 7,568 | 47,673 | 789 | 1,021 | |||
| Cash and cash equivalents | 7,568 | 47,673 | 789 | 1,021 | |||
| Receivables | 4,090 | 9,861 | |||||
| Inventory, net of allowances, customer advances and progress billings | 2,669 | 4,581 | |||||
| Inventory | 2,669 | 4,581 | |||||
| Prepaid expense | 1,743 | 3,660 | 95 | 227 | |||
| Deferred costs | 3,138 | 2,599 | |||||
| Other current assets | 818 | 1,458 | |||||
| Other undisclosed current assets | 1,218 | 829 | |||||
| Total current assets: | 21,244 | 70,661 | 885 | 1,248 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | |||||||
| Property, plant and equipment | 5,972 | 5,606 | |||||
| Asset, held-in-trust | 173,192 | ||||||
| Deferred costs | 2,975 | 3,243 | |||||
| Other undisclosed noncurrent assets | 3,468 | 1,722 | 172,654 | ||||
| Total noncurrent assets: | 12,415 | 10,571 | 173,192 | 172,654 | |||
| TOTAL ASSETS: | 33,659 | 81,232 | 174,077 | 173,902 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 17,260 | 7,599 | 237 | 214 | |||
| Taxes payable | ✕ | ✕ | 542 | 10 | |||
| Accounts payable | 7,287 | 2,348 | |||||
| Accrued liabilities | 9,973 | 4,709 | 214 | ||||
| Other undisclosed accounts payable and accrued liabilities | 227 | ||||||
| Deferred revenue | 17,180 | 16,049 | |||||
| Debt | 8,258 | ||||||
| Deferred rent credit | 159 | ||||||
| Other liabilities | 735 | 689 | |||||
| Due to related parties | ✕ | 11,845 | |||||
| Other undisclosed current liabilities | 1,016 | 6,038 | |||||
| Total current liabilities: | 56,294 | 24,496 | 237 | 6,252 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | |||||||
| Finance lease, liability | |||||||
| Liabilities, other than long-term debt | 12,089 | 18,286 | |||||
| Deferred revenue | 9,961 | 17,517 | |||||
| Deferred rent credit | 769 | ||||||
| Other liabilities | 2,128 | ||||||
| Operating lease, liability | |||||||
| Other undisclosed noncurrent liabilities | 7 | ||||||
| Total noncurrent liabilities: | 12,089 | 18,293 | |||||
| Other undisclosed liabilities | 6,048 | ||||||
| Total liabilities: | 68,383 | 42,789 | 6,285 | 6,252 | |||
| Temporary equity, carrying amount | 162,792 | 162,651 | |||||
| Equity | |||||||
| Equity, attributable to parent, including: | (34,724) | 38,443 | 5,000 | 5,000 | |||
| Common stock | 11 | 9 | |||||
| Additional paid in capital | 493,902 | 455,849 | 4,961 | 5,102 | |||
| Accumulated other comprehensive income | 59 | 271 | |||||
| Retained earnings (accumulated deficit) | (528,696) | (417,686) | 39 | (103) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | |||||
| Total equity: | (34,724) | 38,443 | 5,000 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 33,659 | 81,232 | 174,077 | 173,902 | |||
Income Statement (P&L) ($ in thousands)
| 10/31/2023 TTM | 1/31/2023 | 1/31/2022 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|
| Revenues | 27,257 | 27,544 | 809 | |||
| Other income | 809 | |||||
| Cost of revenue | (13,994) | (9,383) | (630) | |||
| Cost of goods and services sold | (28) | (12) | (630) | |||
| Gross profit: | 13,263 | 18,161 | 179 | |||
| Operating expenses | (120,976) | (247,920) | ||||
| Other undisclosed operating loss | (809) | |||||
| Operating loss: | (107,713) | (229,759) | (630) | |||
| Nonoperating expense | (2,080) | (1,158) | (396) | |||
| Loss on condemnation | (396) | |||||
| Other nonoperating expense | (2,080) | (1,158) | ||||
| Interest and debt expense | (897) | (1,155) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (110,690) | (232,072) | (1,025) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (262) | (10,110) | 988 | |||
| Loss from continuing operations before income taxes: | (110,952) | (242,182) | (38) | |||
| Income tax expense (benefit) | (58) | (465) | 179 | |||
| Income (loss) from continuing operations: | (111,010) | (242,647) | 141 | |||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (242,647) | 141 | ||
| Net income (loss) available to common stockholders, diluted: | (111,010) | (242,647) | 141 | |||
Comprehensive Income ($ in thousands)
| 10/31/2023 TTM | 1/31/2023 | 1/31/2022 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (111,010) | (242,647) | 141 | |||
| Other comprehensive income (loss) | 212 | (231) | ||||
| Comprehensive income (loss): | (110,798) | (242,878) | 141 | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (424) | 462 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (111,222) | (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.