The company has not filed an annual or quarterly report since its FY2019 10-K, filed Mar 25, 2020. Its latest SEC filing is a 15-12G from Apr 23, 2020.
10-K for FY2019, filed Mar 25, 2020
The sections below describe the company as of the FY2019 annual report.
Provides web-based insurance administration software and related services to insurance carriers and third-party administrators.
10-K for FY2019, filed Mar 25, 2020
Insurance carriers and third-party administrators buy perpetual software licenses and equipment, with revenue earned at delivery; implementation is billed by hours worked, while hosting, application management and maintenance earn fees over the service period. A reseller agreement also brings a fee for exclusive marketing rights, spread across its term.
10-K for FY2019, filed Mar 25, 2020The invoice amount represents the number of hours of time worked by each worker multiplied by the contractual bill rate for the type of…View ↗
Sale of perpetual licenses entitles the purchaser a perpetual license to a copy of the InsPro Enterprise software installed at a single…View ↗
ASP and hosting enables a client to effectively lease the InsPro Enterprise software, paying only for that capacity required to support…View ↗
Effective August 18, 2015, the Company entered into a five year software and services reseller agreement (the “Reseller Agreement”) with an…View ↗
$14.9M
10-K for FY2019, filed Mar 25, 2020
$14.9M ↗
Markets directly to insurance carriers and third-party administrators, and provides them with software, hosting, maintenance and implementation services.
10-K for FY2019, filed Mar 25, 2020
Not on paper. It lost $1.2M in FY2019, but brought in more cash than it spent: $12.7K of free cash flow.
10-K for FY2019, filed Mar 25, 2020
10-K for FY2019, filed Mar 25, 2020
−$1.1MView ↗
10-K for FY2019, filed Mar 25, 2020
−$1.2MView ↗
10-K for FY2019, filed Mar 25, 2020
$12.7KView ↗
8-K, filed Apr 1, 2020
The Merger became effective upon the filing of the Certificate of Merger with the Secretary of State of the State of Delaware (the…View ↗
Shrank.
Revenue fell 31% in 1 year, from $21.6M in FY2018 to $14.9M in FY2019, about 31% a year.
10-K for FY2019, filed Mar 25, 2020
Competes with Accenture, Synnex, Computer Sciences, EXLService Holdings, Majesco, Fiserv, Management Data, Flexible Architecture, and Simplified Technology
10-K for FY2019, filed Mar 25, 2020InsPro Technologies is focused on the group voluntary (workplace) life and health products, senior health, disability, affinity, long term…View ↗
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