Is Ignyte Acquisition Corp. (IGNY) a Buy, Sell, or Hold?
NASDAQ : IGNY
Ignyte Acquisition Corp. — Financials
$13.05 USD
$1.66 (14.57%)
- Volume
- 164.8K
- Average Volume
- 337.93K
- Market Capitalization
- $261.76M
- P/E Ratio
- -21.39
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $15.00
- Year Low
- $8.62
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $0.30
IGNY Financial Statements
| date | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|
| revenue | 367.88K | 607.68K | - |
| costOfRevenue | 3.51M | - | 969.29K |
| grossProfit | -3.15M | 607.68K | -969K |
| researchAndDevelopmentExpenses | 1.63M | 3.92M | - |
| generalAndAdministrativeExpenses | 8.29M | 8.53M | - |
| sellingAndMarketingExpenses | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 8.29M | 8.53M | - |
| otherExpenses | - | 1000 | -969K |
| operatingExpenses | 9.92M | 12.46M | -969K |
| costAndExpenses | 13.43M | 12.46M | - |
| netInterestIncome | - | 50072 | - |
| interestIncome | 43 | 2114 | - |
| interestExpense | -2.73M | -47958 | -481K |
| depreciationAndAmortization | - | 1.22M | - |
| ebitda | -13.07M | -11.85M | -488K |
| ebit | - | -14.43M | - |
| nonOperatingIncomeExcludingInterest | - | 1.36M | - |
| operatingIncome | -13.07M | -13.06M | -969K |
| totalOtherIncomeExpensesNet | 239.67K | -100000 | 481.3K |
| incomeBeforeTax | -12.83M | -13.16M | -488K |
| incomeTaxExpense | - | 74000 | -481K |
| netIncomeFromContinuingOperations | - | -13.24M | -6690 |
| netIncomeFromDiscontinuedOperations | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - |
| netIncome | -12.83M | -13.24M | -6690 |
| netIncomeDeductions | - | - | - |
| bottomLineNetIncome | -12.83M | -13.24M | -6690 |
| eps | -0.61 | -0.75 | -0.0 |
| date | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|
| cashAndCashEquivalents | 654.89K | 329.19 | 25425 |
| shortTermInvestments | - | - | - |
| cashAndShortTermInvestments | 654.89K | 329.19 | 25425 |
| netReceivables | - | - | - |
| accountsReceivables | - | - | - |
| otherReceivables | - | - | - |
| inventory | - | - | - |
| prepaids | - | - | - |
| otherCurrentAssets | 2.58M | 71.32 | - |
| totalCurrentAssets | 3.23M | 400.51 | 25425 |
| propertyPlantEquipmentNet | 4.06M | - | - |
| goodwill | - | - | - |
| intangibleAssets | - | - | - |
| goodwillAndIntangibleAssets | - | - | - |
| longTermInvestments | - | 57506 | - |
| taxAssets | - | - | - |
| otherNonCurrentAssets | 241.2K | - | - |
| totalNonCurrentAssets | 4.3M | 57506 | - |
| otherAssets | - | -0.51 | 81575 |
| totalAssets | 7.53M | 57906 | 107K |
| totalPayables | 3.62M | - | - |
| accountPayables | 3.62M | - | - |
| otherPayables | - | - | - |
| accruedExpenses | - | - | - |
| shortTermDebt | 720.58K | - | 80000 |
| capitalLeaseObligationsCurrent | - | - | - |
| taxPayables | - | - | - |
| deferredRevenue | - | - | - |
| otherCurrentLiabilities | 6.46M | 437.59 | 310 |
| totalCurrentLiabilities | 10.8M | 437.59 | 80310 |
| longTermDebt | 3.51M | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - |
| deferredRevenueNonCurrent | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - |
| otherNonCurrentLiabilities | 1.32M | 1975 | - |
| totalNonCurrentLiabilities | 4.82M | 1975 | - |
| otherLiabilities | - | - | - |
| capitalLeaseObligations | - | - | - |
| totalLiabilities | 15.62M | 2412.59 | 80310 |
| treasuryStock | - | - | - |
| preferredStock | - | - | - |
| commonStock | 1978 | 57500 | 154 |
| retainedEarnings | -25.35M | -2.01M | - |
| additionalPaidInCapital | - | - | - |
| date | 2022-12-31 | 2021-12-31 |
|---|---|---|
| netIncome | -13.09M | -487.99K |
| depreciationAndAmortization | 786.48K | - |
| deferredIncomeTax | -816.04K | - |
| stockBasedCompensation | 560.06K | - |
| changeInWorkingCapital | 816.04K | 365.96K |
| accountsReceivables | - | - |
| inventory | - | - |
| accountsPayables | 816.04K | - |
| otherWorkingCapital | -816.04K | 365.96K |
| otherNonCashItems | 4.26M | -481.3K |
| netCashProvidedByOperatingActivities | -7.49M | -603.32K |
| investmentsInPropertyPlantAndEquipment | -142.25K | - |
| acquisitionsNet | - | - |
| purchasesOfInvestments | - | -57.5M |
| salesMaturitiesOfInvestments | - | - |
| otherInvestingActivities | - | - |
| netCashProvidedByInvestingActivities | -142.25K | -57.5M |
| netDebtIssuance | - | - |
| longTermNetDebtIssuance | - | - |
| shortTermNetDebtIssuance | - | - |
| netStockIssuance | - | - |
| netCommonStockIssuance | - | - |
| commonStockIssuance | - | - |
| commonStockRepurchased | - | - |
| netPreferredStockIssuance | - | - |
| netDividendsPaid | - | - |
| commonDividendsPaid | - | - |
| preferredDividendsPaid | - | - |
| otherFinancingActivities | 8.14M | 58.41M |
| netCashProvidedByFinancingActivities | 8.14M | 58.41M |
| date | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | - | - | - | -607.68K | 278.83K | - | 13854 | 607.68K | - | - |
| costOfRevenue | - | - | - | 607.68K | - | - | 3.51M | 607.68K | 674.22K | - |
| grossProfit | - | - | - | -320.2K | - | - | -3.5M | 674.22K | - | - |
| researchAndDevelopmentExpenses | 112.21K | 108.64K | 70269 | 3.92M | 552.99K | 371.15K | 713.11K | 3.92M | - | - |
| generalAndAdministrativeExpenses | 1.38M | 1.28M | 2.14M | 8.53M | 1.76M | 2.3M | 3M | 8.53M | - | - |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 1.38M | 1.28M | 2.14M | 8.53M | 1.76M | 2.3M | 3M | 8.53M | - | - |
| otherExpenses | -212 | 357 | -269 | - | -11.23M | -154 | -106 | - | 16166 | -798K |
| operatingExpenses | 1.49M | 1.39M | 2.2M | 12.46M | -8.92M | 2.67M | 3.72M | 12.46M | 16166 | -798K |
| costAndExpenses | - | - | - | 13.06M | -9.53M | 2.67M | 7.23M | 13.06M | 674.22K | -798K |
| netInterestIncome | - | - | - | - | - | 998.57K | 61392 | - | - | - |
| interestIncome | - | - | - | -2114 | 3 | 20 | 6 | 2.11B | - | - |
| interestExpense | -1.35M | -449K | -323K | 47954 | -1.22M | -999K | -61386 | -47.96B | -495K | -476K |
| depreciationAndAmortization | - | - | - | 1.76M | - | 122.08K | 208.48K | 786.48K | - | 476.22K |
| ebitda | - | - | - | -1.15M | -2.03M | -2.67M | -6.23M | 786.48K | -658K | -322K |
| ebit | - | - | - | - | - | -6.94M | -6.44M | - | -658K | -798K |
| nonOperatingIncomeExcludingInterest | - | - | - | - | - | 4.27M | -390K | - | -16166 | - |
| operatingIncome | - | - | - | 13.06M | -2.03M | -2.67M | -6.83M | -11.85M | -674K | -798K |
| totalOtherIncomeExpensesNet | - | - | - | 100.05K | 2.44M | -3.27M | 61386 | -1.31M | 511.3K | 476.22K |
| incomeBeforeTax | 1.71M | -2.08M | -2.44M | 13.16M | 410.59K | -5.94M | -6.77M | -13.16M | -163K | -322K |
| incomeTaxExpense | - | - | - | -74001.12 | - | - | -390K | 74001.51 | -8083 | -476K |
| netIncomeFromContinuingOperations | - | - | - | - | - | -5.94M | -6.38M | - | -155K | 154.29K |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | 1.71M | -2.08M | -2.44M | 13.24T | 410.59K | -5.94M | -6.38M | -13.09T | -155K | 154.29K |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | 1.71M | -2.08M | -2.44M | 13.24M | 410.59K | -5.94M | -6.38M | -13.09M | -155K | 154.29K |
| eps | 0.07 | -0.09 | -0.11 | 0.75 | 0.01 | -0.29 | -0.32 | -1.09 | -0.1 | 0.1 |
| date | 2024-09-30 | 2024-06-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 862.14K | 235.77K | 214.37K | 564.18K | 654.89K | 75974 | 44664 | 208.96K | 329.19K | 529.2K |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 862.14K | 235.77K | 214.37K | 564.18K | 654.89K | 75974 | 44664 | 208.96K | 329.19K | 529.2K |
| netReceivables | - | - | - | - | - | - | - | - | - | - |
| accountsReceivables | - | - | - | - | - | - | - | - | - | - |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| prepaids | - | - | - | - | - | - | - | - | - | - |
| otherCurrentAssets | 675.16K | 1.1M | 1.3M | 1.8M | 2.58M | 60708 | 170.58K | 61315 | 71319 | 126.32K |
| totalCurrentAssets | 1.54M | 1.33M | 1.51M | 2.36M | 3.23M | 136.68K | 215.25K | 270.28K | 400.51K | 655.52K |
| propertyPlantEquipmentNet | 27496 | 31807 | 219.92K | 255.74K | 4.06M | - | 4.2M | - | - | - |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | - |
| longTermInvestments | - | - | - | - | - | - | 57.59M | 57.51M | 57.51M | - |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | 71136 | 71136 | 61500 | 61500 | 241.2K | 57.85M | -4.2M | - | - | 57.51M |
| totalNonCurrentAssets | 98632 | 102.94K | 281.42K | 317.24K | 4.3M | 57.85M | 57.59M | 57.51M | 57.51M | 57.51M |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 1.64M | 1.43M | 1.8M | 2.68M | 7.53M | 57.99M | 57.8M | 57.78M | 57.91M | 58.16M |
| totalPayables | 5.36M | 5.47M | 5.13M | 4.86M | 3.62M | - | 1.91M | - | - | - |
| accountPayables | 5.36M | 5.47M | 5.13M | 4.86M | 3.62M | - | 1.91M | - | - | - |
| otherPayables | - | - | - | - | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - | - | - | - | - | - |
| shortTermDebt | 7.34M | 10.3M | 4.25M | 6.81M | 720.58K | - | 670.07K | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | 8083 | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - | - | - | - |
| otherCurrentLiabilities | 4.34M | 2.79M | 8.63M | 5.15M | 6.46M | 2.09M | -1.1M | 740.71K | 437.59K | 92109 |
| totalCurrentLiabilities | 22.4M | 24.03M | 18.01M | 16.82M | 10.8M | 2.09M | 1.48M | 740.71K | 437.59K | 92109 |
| longTermDebt | - | - | - | - | 3.51M | - | 3.62M | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | 25700 | - | - | - |
| otherNonCurrentLiabilities | 146.25K | - | 3.1M | 230.65K | 1.32M | 300K | -3.07M | 950K | 1.98M | 1.65M |
| totalNonCurrentLiabilities | 146.25K | - | 3.1M | 230.65K | 4.82M | 300K | 550K | 950K | 1.98M | 1.65M |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 22.54M | 24.03M | 21.11M | 17.05M | 15.62M | 2.39M | 2.03M | 1.69M | 2.41M | 1.74M |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - | - | - | - |
| commonStock | 2312 | 2312 | 2086 | 2019 | 1978 | 57.53M | 57.5M | 57.5M | 57.5M | 57.51M |
| retainedEarnings | -40.97M | -42.68M | -38.06M | -32.11M | -25.35M | -1.93M | -1.73M | -1.41M | -2.01M | -1.09M |
| additionalPaidInCapital | - | - | - | - | - | - | - | - | - | - |
| date | 2024-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | 3.97M | - | -6.77M | -13.09M | 95763 | -321.93K | 597.12K | -879.28K | 121.37K | 616.11K |
| depreciationAndAmortization | -150.58K | - | 208.48K | 786.48K | - | - | - | - | - | - |
| deferredIncomeTax | 1.24M | - | -1.24M | - | - | - | - | - | - | - |
| stockBasedCompensation | -267.94K | 133.44K | 165.01K | 560.06K | - | - | - | - | - | - |
| changeInWorkingCapital | -1.24M | - | 1.24M | 857.93K | - | -59716 | -798.21K | 400.48K | 83104 | 79499 |
| accountsReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | -1.37M | - | 1.24M | 816.04K | - | - | - | - | - | - |
| otherWorkingCapital | 1.24M | - | -1.24M | -816.04K | - | - | - | 400.48K | 83104 | 79499 |
| otherNonCashItems | -5.92M | -133.44K | 4.95M | 4.26M | -95763 | - | - | 323.78K | -225.74K | -727.09K |
| netCashProvidedByOperatingActivities | -2.37M | 133.44K | -1.44M | -7.49M | 95763 | -381.65K | -201.09K | -155.01K | -21266 | -31481 |
| investmentsInPropertyPlantAndEquipment | - | - | - | -142.25K | - | - | - | - | - | - |
| acquisitionsNet | - | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| otherInvestingActivities | 66500 | - | - | - | - | - | - | - | - | - |
| netCashProvidedByInvestingActivities | 66500 | - | - | -142.25K | - | - | - | - | - | - |
| netDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| longTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| shortTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| netStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netCommonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | 2.95M | - | 1.14M | 8.14M | - | 217.35K | 80860 | -45000 | - | - |
| netCashProvidedByFinancingActivities | 2.95M | - | 1.14M | 8.14M | - | 217.35K | 80860 | -45000 | - | - |