One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Iveda Solutions, Inc.
IVDA · NCM · Industrials · Security & Protection Services
Current price
$0.31
52-week range
$0.21 - $2.24
Market cap
$3.89M
Balance sheet
Healthy
-88.39x Concerning
Net cash $3.98M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
3 Risks
0 rewards · 3 risks
- Risk Return on equity was -91.9% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from -74.5% to -88.6% over 3 years.
- Risk Insider ownership is only 0.3% (peer median: 7.5%).
What this company does
Iveda Solutions, Inc.
Iveda Solutions creates "smart" technology, using artificial intelligence (AI) and internet-connected devices to help make cities and businesses safer and more efficient. The company makes money by selling a wide range of products, from AI-powered video cameras for airports to smart drones and health monitoring tools for various industries. This matters because its business is built on the growing trend of governments and companies adopting new technology for security and day-to-day management.
How the company got here
Iveda Solutions was founded in 2003 by CEO David Ly with the goal of revolutionizing video surveillance. Instead of just recording events to be reviewed later, he wanted to create a system that could provide real-time information to help people take immediate action. The company started by offering cloud-based video technologies, which means storing and accessing video data over the internet instead of on physical tapes or local servers. Over the years, Iveda has evolved, becoming a publicly-traded company in 2009 and expanding its focus to include artificial intelligence (AI) and the Internet of Things (IoT), which refers to a network of connected devices that collect and share data.
What it actually does
Iveda Solutions provides technology that makes cities and businesses 'smarter' and more secure. Think of them as adding a brain to regular security cameras and other devices. Their main products use artificial intelligence (AI) to analyze video footage instantly, searching for specific people, objects, or activities. They also offer a range of connected sensors and a central software system, called an IoT platform, that allows users to manage all their different smart devices from one place. These tools help organizations like airports, schools, and city governments improve safety, manage operations more efficiently, and even monitor things like energy use or the health of elderly individuals.
Equipment Sales
This is the largest part of Iveda's business, making up the vast majority of its revenue (the total money a company brings in from sales). This segment involves selling the physical hardware needed for its surveillance and smart systems. This includes AI-powered cameras, smart sensors, data storage units, and specialized devices like smart power solutions and body-worn cameras. Customers, who are often large service providers or government organizations, purchase this equipment to build or upgrade their security and operational infrastructure.
Service Revenue
While smaller than its equipment sales, this is a key part of Iveda's business model focused on generating consistent income. This segment includes recurring service revenue (money that comes in regularly, like a subscription) from licensing its software platforms. For example, a customer pays a monthly fee to use Iveda's cloud-based software that manages all their cameras and IoT devices. This allows clients to access and manage their systems remotely without needing to maintain all the complex software themselves, and it provides Iveda with a steady stream of income.
What management is betting on now
Management is heavily focused on expanding its artificial intelligence and Internet of Things (IoT) technologies for 'smart city' projects and large organizations. They are developing their Cerebro IoT platform, which acts as a central hub to manage many different smart devices, and enhancing their IvedaAI video search technology. The company's strategy involves partnering with established service providers, like telecommunications companies, who already have a large customer base to sell Iveda's products and services. They are also expanding their product line with new innovations like smart drones and AI-powered body cameras to capture opportunities in the growing global markets for public safety and digital transformation.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-1.50M
FY2024 Q4
$-1.22M
FY2025 Q2
$-1.33M
Revenue
$801.85K
Net income
$-793.47K
Diluted EPS
-0.07
Operating cash flow
$-1.44M
Free cash flow
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Sources
Revenue
$1.49M
Net income
$-532.83K
Diluted EPS
-0.06
Operating cash flow
$-927.12K
Free cash flow
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Sources
Revenue
$626.04K
Net income
$-1.62M
Diluted EPS
-0.33
Operating cash flow
$-252.42K
Free cash flow
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Sources
Revenue
$1.65M
Net income
$-221.30K
Diluted EPS
-0.07
Operating cash flow
$-317.01K
Free cash flow
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Sources
Revenue
$1.53M
Net income
$-564.25K
Diluted EPS
-0.20
Operating cash flow
$-1.33M
Free cash flow
$-1.33M
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Sources
Revenue
$1.47M
Net income
$-793.67K
Diluted EPS
-0.28
Operating cash flow
$-125.97K
Free cash flow
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Sources
Revenue
$1.74M
Net income
$-1.82M
Diluted EPS
-1.45
Operating cash flow
$-1.22M
Free cash flow
$-1.22M
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Sources
Revenue
$2.40M
Net income
$-555.01K
Diluted EPS
-0.26
Operating cash flow
$-1.20M
Free cash flow
$-1.50M
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Sources
Is it cheap or expensive?
Fair value — vs current price $0.31
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $4.0M - more cash than debt. Interest coverage -88.4x.
Net debt
$-3.98M
Interest coverage
-88.39x
Iveda Solutions, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 5 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
IVDA
BASELINE
Iveda Solutions, Inc.
Total debt $778.05K Interest coverage -88.39x This is the baseline the peer rows are being compared against.
Total debt $22.14M Interest coverage 0.24x This peer still has a real interest-payment cushion, while IVDA does not.
Total debt $0.00 Interest coverage -183.06x Neither company has much profit cushion over interest right now.
Total debt $689.00K Interest coverage -540.03x Neither company has much profit cushion over interest right now.
Total debt $7.95M Interest coverage -868.72x Neither company has much profit cushion over interest right now.
Total debt $26.55M Interest coverage -11.33x Neither company has much profit cushion over interest right now.
What you should know
The case for and against IVDA
0 Rewards
3 Risks
Rewards
Risks
-
Return on equity was -91.9% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from -74.5% to -88.6% over 3 years.
-
Insider ownership is only 0.3% (peer median: 7.5%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
0.17x
P/B
0.72x
P/S
0.85x
EV/EBITDA
0.03x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
32.2%
Operating margin
-88.6%
Net margin
-69.2%
ROE
-91.9%
ROA
-34.4%
Health
Liquidity and balance-sheet strength
Debt / equity
0.14x
Current ratio
5.19x
Quick ratio
3.94x
Total debt
$778.05K
Total cash
$4.76M
Growth
How the business has been compounding
Revenue TTM
$4.57M
Revenue 5Y CAGR
28.8%
EPS TTM
-0.49
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-2.93M
Free CF TTM
$-4.42M
FCF margin
-96.7%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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