Friday, November 21, 2025 10:00:12 AM
Yeah, this is generally great. The finally-released filings confirm a couple of things:
- Shares outstanding remains 521,175
- The overall business remains pretty badly run in many ways, but it seems the long-term service contract is stable (~4M$ annual base) and the Nodeware business has been built up from launch to well over 1M$ over the past 3 years.
Right now the valuation will be very strongly weighed down by the unprofitability (from laughably high general/admin/operating expenses. But with a long-term 4M$ contract and a cybersecurity software asset that's grown to over 1M$ ARR, I'd be surprised if this remained valued under 2-3M$ market cap once it gets re-listed to OTC Pink / QB.
That would be $3.80 - 5.80 PPS range.
- Shares outstanding remains 521,175
- The overall business remains pretty badly run in many ways, but it seems the long-term service contract is stable (~4M$ annual base) and the Nodeware business has been built up from launch to well over 1M$ over the past 3 years.
Right now the valuation will be very strongly weighed down by the unprofitability (from laughably high general/admin/operating expenses. But with a long-term 4M$ contract and a cybersecurity software asset that's grown to over 1M$ ARR, I'd be surprised if this remained valued under 2-3M$ market cap once it gets re-listed to OTC Pink / QB.
That would be $3.80 - 5.80 PPS range.
Recent IMCI News
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/31/2026 08:23:32 PM
- IGI Cybersecurity and Omega ATC Announce Technology Alliance Leveraging Nodeware(R) to Deliver PCI DSS v4.0.1 Compliant Authenticated Vulnerability Scanning for Multi-Location Retailers • ACCESS Newswire • 02/25/2026 04:25:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/23/2026 08:47:28 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/23/2026 08:29:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/30/2026 09:48:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/19/2025 09:31:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/31/2025 09:26:00 PM
