McLean, Va.-based cyber-attack solutions designer and developer, IronNet, Inc.’s (IRNT) revenue decreased 1.4% year-over-year to $6.91 million for its third fiscal quarter, ended Oct. 31, 2021. The company’s net loss came in at $193.12 million, representing a 1,451.2% year-over-year increase, while its loss per share was $2.22, up 1,068.4% year-over-year. Furthermore, IRNT’s trailing-12-month EBITDA margin and net income margin are currently negative.
The stock has declined 65.9% in price over the past year to close yesterday’s trading session at $4.07. On Dec. 19, 2021, Pomerantz LLP announced its investigation on behalf of investors in IRNT regarding allegations of illegal business practices. Also, in terms of forward EV/S ratio, its 19.05x is 428.9% higher than the 3.60x industry average. In addition, its 11.98x forward P/S is 230.9% higher than the 3.62x industry average. So, the stock looks significantly overvalued.
