iOThree Limited
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsiOThree Limited is a Singapore-headquartered communications services company listed on Nasdaq under the symbol IOTR.
What they do
The company operates from 161 Kallang Way in Singapore and is organized as a Cayman Islands holding company. It is registered with the SEC under SIC code 6770, Communications Services, NEC. Its ordinary shares trade on the Nasdaq Stock Market.
Revenue drivers
- Communications services — The filing excerpts provided do not describe individual product lines or segments or their relative revenue contribution.
Recent performance
Revenue grew each year from $7.5 million in fiscal 2023 to $8.6 million in 2024, $10.5 million in 2025 and $14.7 million in 2026. Net income swung from $924,160 in 2023 to a $4,446 loss in 2024, a $230,515 loss in 2025 and a $1.2 million loss in 2026. Diluted EPS was $0.04 in 2023, negative $0.10 in 2025 and negative $0.44 in 2026. Operating cash flow was $725,952 in 2023, $1.6 million in 2024, $488,097 in 2025 and negative $2.2 million in 2026. As of March 31, 2026, total assets were $8.5 million, total liabilities $4.0 million, shareholder equity $4.5 million and cash $2.1 million.
Strategy
The filing excerpts provided do not set out management's stated strategy, investment priorities or business development plans. Because the Item 4 (Information on the Company) and Item 5 (Operating and Financial Review) business narrative was not included in the source material, no strategic direction can be summarized here.
Risks
- Loss-making operations — The company recorded a net loss of $1.2 million in fiscal 2026 after two prior years of small losses, and operating cash flow turned negative at $2.2 million.
- Dividend not repeated — The company paid $1.98 per share in dividends in 2024 but the data show no dividend in 2025 or 2026, and it ended fiscal 2026 with a net loss.
- Limited disclosure in source excerpts — The business and MD&A narrative sections of the 20-F were not included in the provided excerpts, so the company's products, customers and strategy could not be verified.
- Small balance sheet — With $2.1 million of cash and $8.5 million of total assets at March 31, 2026, the company has limited financial scale relative to larger communications services competitors.
Outlook
The filing excerpts provided do not contain management's outlook, guidance or trend discussion. No forward-looking statements can be reported from the source material.