Last €0.85 EUR
Change Today -0.017 / -1.97%
Volume 10.3K
As of 1:50 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

ipass inc (IPN) Snapshot

Open
€0.84
Previous Close
€0.86
Day High
€0.87
Day Low
€0.83
52 Week High
09/19/14 - €1.35
52 Week Low
02/24/15 - €0.74
Market Cap
54.6M
Average Volume 10 Days
5.3K
EPS TTM
€-0.14
Shares Outstanding
64.6M
EX-Date
11/16/10
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for IPASS INC (IPN)

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ipass inc (IPN) Details

iPass Inc. provides cloud-based mobility management and network connectivity services to enterprises and telecommunication carriers in the United States and internationally. Its Mobility Services segment offers network mobility services for enterprises’ to manage their mobility economics, high speed network connectivity requirements, and proliferation of mobile devices; network services, such as access to commercial Wi-Fi hotspots across Wi-Fi venues for enterprise and carrier customers; and platform services, including a cloud-based Open Mobile Platform that enables enterprise users to connect from various mobile devices over a range of networks. This segment also provides Open Mobile Exchange service offerings that allow telecommunications carriers and service providers to connect their customers and subscribers to preferred global Wi-Fi networks. The company sells its services directly through its global sales force and indirectly through reseller and carrier partners. iPass Inc. was founded in 1996 and is headquartered in Redwood Shores, California.

Founded in 1996

ipass inc (IPN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $450.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $150.0K
Chief Technology Officer and Senior Vice Pres...
Total Annual Compensation: $225.0K
Principal Accounting Officer, Vice President ...
Total Annual Compensation: $188.8K
Chief Marketing Officer
Total Annual Compensation: $27.7K
Compensation as of Fiscal Year 2013.

ipass inc (IPN) Key Developments

Regus Signs Global Wi fi Access Deal with iPass

iPass Inc. has announced a deal with Regus plc to allow the company to offer its customers packages that come with bundled global Wi-Fi access. Regus operates more than 2,000 business centers in 104 countries and its on-site Wi-Fi is a key service for many of its customers. Through partnering with iPass, Regus will be able to provide their high value customers with bundled access to 18 million Wi-Fi hotspots worldwide, including airports, hotels, restaurants and other public areas. The new Regus Wi-Fi service powered by iPass will be available to customers by summer 2015.

iPass Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 20; Provides Earnings Guidance for the First Quarter Ending March 31, 2015

iPass Inc. announced unaudited consolidated earnings results for the fourth quarter and twelve months ended December 31, 2014. For the quarter, revenue was $15.2 million compared with $13.0 million in the fourth quarter of 2013. Total revenue was $17.2 million compared with $18.0 million in the fourth quarter of 2013. GAAP net loss from continuing operations was $2.4 million, compared with $5.1 million for the fourth quarter of 2013. GAAP total net loss was $3.9 million compared with GAAP total net loss of $4.5 million in the fourth quarter of 2013. Adjusted EBITDA loss was $2.3 million compared with $3.6 million in the fourth quarter of 2013. Operating loss was $4,018,000 against $4,916,000 a year ago. Loss from continuing operations before income taxes was $3,993,000 against $5,125,000 a year ago. Basic and diluted from loss from continuing operations was $0.04 against $0.08 a year ago. Total net loss per share was $0.06 against $0.07 a year ago. Adjusted EBITDA was $2,282,000 against $3,591,000 a year ago. For the year, revenue was $69,804,000 against $77,729,000 a year ago. Operating loss was $19,449,000 against $14,944,000 a year ago. Loss from continuing operations before income taxes was $19,306,000 against $15,487,000 a year ago. Net loss from continuing operations was $12,205,000 against $14,799,000 a year ago. Basic and diluted from loss from continuing operations was $0.19 against $0.23 a year ago. Total net loss per share was $0.11 against $0.19 a year ago. Net cash used in operating activities was $14,836,000 against $2,432,000 a year ago. Purchases of property and equipment was $1,318,000 against $2,318,000 a year ago. Adjusted EBITDA was $13,651,000 against $9,368,000 a year ago. For the first quarter ending March 31, 2015, the company anticipates total revenue to be $15.6 to 17.6 million and adjusted EBITDA loss to be $5.5 to $3.5 million. GAAP total net loss is expected to be between $6.9 and $4.9.

iPass Inc. Announces Executive Appointments

iPass announced that Gary Griffiths, currently a member of the company board of directors, will become president and CEO effective March 6, 2015. Griffiths was co-founder and CEO of Trapit Inc. A 35-year veteran of the high-tech industry, Griffiths has led some of the Web's most innovative companies. Prior to founding Trapit, he was president of products and operations at WebEx, acquired for $3 billion by Cisco. In addition, Patricia Hume joins the executive team as Chief Commercial Officer, where she will be responsible for all customer-facing activities. Throughout her 35-year career, Hume has held a long list of notable positions, including Chief Revenue Officer at Convio Inc. Group VP of Avaya's, SMB Division, CEO of VerticalNet, and numerous senior management positions during her 17 year service with IBM. Her most recent position was as President of Trapit Inc. Evan Kaplan, who has served as CEO and President since November of 2008, will be working closely with Gary and Patricia during the transition. The company announced its intention to appoint Michael Chang to the board of directors. Mr. Chang brings expertise in product innovation and digital marketing. He is currently President and CEO of YesVideo following a successful tenure as CEO of Greystripe. The company also plans to add up to two new directors by the Annual Meeting in June.

 

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Price/Sales 0.9x
Price/Book 1.6x
Price/Cash Flow 8.8x
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