Logo

IOTR

iOThree Limited Ordinary Shares

IOTR

iOThree Limited Ordinary Shares • NASDAQ
$3.33 ▲ 12.12% (+0.36)
Market Cap $7.99 M
52w High $59.80
52w Low $2.56
Dividend Yield 0%
P/E -37
Volume 82.49K
Outstanding Shares 2.40M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $995.092K ▲ $5.853M ▲ $3.877M ▲ $1.976M ▼
Q2-2024 $692.476K ▲ $5.613M ▲ $3.389M ▲ $2.224M ▼
Q4-2023 $401.548K $5.039M $2.766M $2.273M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a company that is still at a very early commercial stage. Reported revenue is tiny and has not yet translated into visible gross profit, operating profit, or net income. This suggests iOThree is still focused on building and rolling out its technology rather than generating meaningful, recurring earnings. The patchy earnings-per-share history reinforces that there is not yet a clear track record of profitability, so future financial performance is highly uncertain and will depend heavily on how quickly the business can scale customer adoption in the coming years.

Balance Sheet

Balance Sheet The balance sheet appears very light, with only a small base of assets and essentially no reported debt. That can be positive in the sense that leverage risk looks low, but it also implies the company does not yet have a substantial capital base or cushion. Reported cash and equity levels are minimal in the data provided, which may reflect either incomplete disclosures or a very lean financial position. In either case, iOThree looks like a young, asset-light technology business that will likely need continued access to external funding as it grows.

Cash Flow

Cash Flow The cash flow statement currently offers little comfort or clarity: operating cash flow, free cash flow, and capital spending all show as negligible. This typically means either the data is not fully populated yet or the company is still pre-scale, with limited commercial activity flowing through the accounts. For an investor, it means there is no established evidence yet that the business model can fund itself from operations. Future updates on cash burn, funding sources, and investment in growth will be key to understanding financial resilience.

Competitive Edge

Competitive Edge iOThree operates in maritime connectivity and digitalization, a niche within communication technology that already has large, established players. Its edge is not size but specialization and integration. The company’s JARVISS platform and its V.Suite of applications aim to offer ship owners a single, unified system for connectivity, monitoring, safety, cybersecurity, and navigation support. This integrated, “one-stop” approach can be attractive compared with juggling multiple vendors and systems at sea. Strategic partnerships, industry certifications, and a focus on practical, data-driven tools add credibility. However, the company is still small, faces powerful incumbents, and must prove that its solutions can win and retain customers at scale across regions and vessel types.

Innovation and R&D

Innovation and R&D Innovation is the clear strength of iOThree’s story. The company is building an ecosystem around JARVISS and the V.Suite, combining satellite connectivity, AI-enhanced surveillance, augmented reality support, IoT-based monitoring, cybersecurity, and weather-optimized routing. The Class-approved maintenance system and partnerships to embed advanced AI into navigation show a deliberate strategy of using certifications and alliances to punch above its weight. iOThree also appears attuned to themes like sustainability and emissions tracking, which are becoming more important for ship operators. The flip side is that this strategy requires ongoing, substantial investment in R&D and product integration, and the company must move quickly to stay ahead of both large rivals and newer tech entrants.

Summary

Overall, iOThree looks like a very early-stage, innovation-led maritime technology company with a compelling product vision but an immature financial profile. The financials show minimal revenue, no visible profitability, and a very light balance sheet, which together point to high execution and funding risk. On the other hand, the technology stack—centered on an integrated platform, AI, IoT, and cloud-based vessel management—targets real pain points in a conservative but increasingly digitized industry. Future outcomes will hinge on the company’s ability to convert its technical advantages and partnerships into a stable customer base and recurring revenue, while carefully managing cash needs and competition from much larger players. At this stage, the story is driven far more by strategic and technological promise than by established financial performance.

NEWS

November 6, 2025 · 8:00 AM UTC

iOThree Limited Announces 1-for-10 Reverse Share Split

Read more