Provides IT and cloud services and ManyCam video software to enterprise and commercial clients and small and medium-sized businesses.
10-K for FY2025, filed Mar 17, 2026We provide a comprehensive range of IT-related services, including managed IT security services, secure private cloud hosting, managed…View ↗
We sell and provide a range of services across six core areas, each as further described below: (i) managed IT security services, (ii)…View ↗
In addition to our IT and cloud-based solutions, we offer and support our ManyCam software, which is a live streaming software and virtual…View ↗
Business customers buy managed IT and cloud services, hardware and software, and professional IT work under contracts with varying payment terms; managed services and cloud hosting bring in fees over service periods, while product sales occur when customers take control and service revenue follows work performed. ManyCam subscribers pay by credit card at sign-up.
10-K for FY2025, filed Mar 17, 2026Our managed IT security services provide clients with ongoing management and support of their IT systems and services under a subscription…View ↗
We leverage state-of-the-art security measures, including data encryption, network segmentation, advanced firewalls, multi-factor…View ↗
The Company recognizes revenue from sale of services as they perform the underlying services, typically based on time and materials basis…View ↗
A contract asset is a right to consideration that is conditional upon factors other than the passage of time. Contract assets are presented…View ↗
The Company also generates subscription revenue from monthly premium subscription services from sales of its ManyCam software. Subscription…View ↗
10-K for FY2025, filed Mar 17, 2026
FY2025 revenue by product or service ↗$23.6M
10-K for FY2025, filed Mar 17, 2026
$23.6M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Managed information technology
Recurring
10-K for FY2025, filed Mar 17, 2026 |
63% |
Managed information technology, FY2025
$14.8M Sources
|
Recurring |
|
Procurement revenue
Sold outright
10-K for FY2025, filed Mar 17, 2026 |
23% |
Procurement revenue, FY2025
$5.4M Sources
|
Sold outright |
|
Professional services revenue
Usage-based
10-K for FY2025, filed Mar 17, 2026 |
9.8% |
Professional services revenue, FY2025
$2.3M Sources
|
Usage-based |
|
Subscription revenue
Recurring
|
4.7%
FY2022: 97%
|
Subscription revenue, FY2025
$1.1M Sources
|
Recurring |
Business customers across finance, healthcare and other industries buy directly through the company's sales force; it also gets referrals from Newtek.
10-K for FY2025, filed Mar 17, 2026
10-K for FY2025, filed Mar 17, 2026
As of December 31, 2025, two of the Company’s customers had accounts receivable balances more than 10% of the total accounts receivable…View ↗
Not on paper. It lost $2M in FY2025, but brought in more cash than it spent: $796.6K of free cash flow.
10-K for FY2025, filed Mar 17, 2026
−$4.7MView ↗
10-K for FY2025, filed Mar 17, 2026
−$2MView ↗
10-K for FY2025, filed Mar 17, 2026
$796.6KView ↗
10-Q for Q2 FY2026, filed Aug 11, 2026
−$1.4MView ↗
10-Q for Q2 FY2026, filed Aug 11, 2026
Open tableView ↗
Growing. Revenue grew 78% in 4 years, from $13.3M in FY2021 to $23.6M in FY2025, about 15% a year.
Business focus
The older report describes a consumer-app business funded mainly by subscriptions and advertising; the latest focuses on managed IT and cloud services for businesses after selling several consumer applications and acquiring an IT services company.
10-K for FY2022, filed Mar 23, 2023 10-K for FY2025, filed Mar 17, 2026We provide a comprehensive range of IT-related services, including managed IT security services, secure private cloud hosting, managed…View ↗
On January 2, 2025 (the “Closing Date”), we completed (i) the acquisition of Newtek Technology Solutions, Inc., a New York corporation…View ↗
We sell and provide a range of services across six core areas, each as further described below: (i) managed IT security services, (ii)…View ↗
Competes with Konica Minolta Business Solutions, Rackspace Technology, Cognizant Technology Solutions, NTT, All Covered, Flexential, DXC Technology, Logicalis Group, Insight Enterprises, and CDW
10-K for FY2025, filed Mar 17, 2026Competition in our industry remains fierce. The market for cloud-managed IT and cybersecurity solutions is extremely dynamic and is…View ↗
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