Infinite Group Key Executives
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Infinite Group Earnings
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Infinite Group, Inc. develops cybersecurity software in the United States. It offers Nodeware, a patented software-as-a-service solution that automates network asset identification, and cybersecurity vulnerability management and monitoring; and distributes Webroot, a cloud-based endpoint security platform solution. The company also provides cybersecurity consulting services that include incident response, security awareness training, risk management, IT governance and compliance, security assessment, and penetration testing offerings to channel partners and direct customers for various vertical markets, such as banking, manufacturing, supply chain, and technology. In addition, it offers managed support services related to information security, including troubleshooting, backend analysis, and technical and security support for mission critical technical infrastructure; and sells third party software licenses. The company was formerly known as Infinite Machines Corp. and changed its name to Infinite Group, Inc. in January 1998. Infinite Group, Inc. was incorporated in 1986 and is headquartered in Pittsford, New York.
$0.00
Stock Price
$104
Market Cap
55
Employees
Pittsford, NY
Location
Financial Statements
Access annual & quarterly financial statements for Infinite Group, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Revenue | $7.00M | $7.22M | $7.22M | $7.09M | $6.37M |
| Cost of Revenue | $4.26M | $4.49M | $4.18M | $4.42M | $4.16M |
| Gross Profit | $2.74M | $2.73M | $3.04M | $2.67M | $2.21M |
| Gross Profit Ratio | 39.14% | 37.90% | 42.14% | 37.66% | 34.72% |
| Research and Development Expenses | $46.49K | $153.60K | $159.70K | $- | $- |
| General and Administrative Expenses | $2.49M | $2.16M | $1.70M | $1.33M | $1.08M |
| Selling and Marketing Expenses | $2.59M | $1.98M | $1.34M | $1.01M | $917.98K |
| Selling General and Administrative Expenses | $5.08M | $4.14M | $3.04M | $2.34M | $2.00M |
| Other Expenses | $-46.49K | $120.50K | $967.01K | $- | $83.25K |
| Operating Expenses | $5.08M | $4.14M | $3.04M | $2.34M | $2.00M |
| Cost and Expenses | $9.34M | $8.63M | $7.22M | $6.77M | $6.16M |
| Interest Income | $109 | $37 | $786 | $281.16K | $- |
| Interest Expense | $1.16M | $281.79K | $293.09K | $281.16K | $255.94K |
| Depreciation and Amortization | $240.92K | $186.38K | $91.03K | $14.11K | $10.27K |
| EBITDA | $-2.16M | $-1.10M | $1.06M | $329.14K | $303.21K |
| EBITDA Ratio | -30.83% | -15.24% | 14.78% | 5.06% | 4.98% |
| Operating Income | $-2.34M | $-1.41M | $969.08K | $329.14K | $209.69K |
| Operating Income Ratio | -33.41% | -19.48% | 13.42% | 4.64% | 3.29% |
| Total Other Income Expenses Net | $-1.22M | $-161.24K | $674.71K | $-281.16K | $-172.69K |
| Income Before Tax | $-3.56M | $-1.57M | $676.00K | $47.98K | $37.00K |
| Income Before Tax Ratio | -50.86% | -21.72% | 9.36% | 0.68% | 0.58% |
| Income Tax Expense | $- | $402.29K | $1.26M | $281.16K | $83.25K |
| Net Income | $-3.56M | $-1.97M | $-584.10K | $-233.18K | $37.00K |
| Net Income Ratio | -50.86% | -27.28% | -8.09% | -3.29% | 0.58% |
| EPS | $-7.95 | $-4.91 | $-1.01 | $-0.60 | $0.10 |
| EPS Diluted | $-7.95 | $-4.91 | $-1.01 | $-0.59 | $0.10 |
| Weighted Average Shares Outstanding | 447.87K | 401.64K | 579.33K | 387.49K | 387.49K |
| Weighted Average Shares Outstanding Diluted | 447.87K | 401.64K | 579.33K | 397.49K | 387.49K |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.78M | $1.76M | $1.93M | $1.71M | $1.70M | $1.67M | $1.77M | $1.84M | $1.80M | $1.82M | $1.77M | $1.84M | $1.70M | $1.90M | $1.81M | $1.82M | $1.78M | $1.69M | $1.70M | $1.57M |
| Cost of Revenue | $998.22K | $966.21K | $1.02M | $1.06M | $1.06M | $1.12M | $1.17M | $1.14M | $1.11M | $1.07M | $970.98K | $1.06M | $1.02M | $1.12M | $1.04M | $1.20M | $1.13M | $1.06M | $1.09M | $1.01M |
| Gross Profit | $785.26K | $797.79K | $907.03K | $651.34K | $636.85K | $545.83K | $595.42K | $699.81K | $688.28K | $751.43K | $800.96K | $786.10K | $678.59K | $776.53K | $772.13K | $622.38K | $646.61K | $630.62K | $609.26K | $564.80K |
| Gross Profit Ratio | 44.03% | 45.20% | 47.10% | 38.00% | 37.50% | 32.70% | 33.70% | 38.10% | 38.30% | 41.20% | 45.20% | 42.62% | 39.84% | 40.88% | 42.70% | 34.20% | 36.35% | 37.36% | 35.76% | 35.97% |
| Research and Development Expenses | $- | $- | $16.97K | $13.40K | $7.80K | $- | $22.10K | $43.80K | $46.90K | $- | $43.80K | $38.50K | $59.90K | $17.40K | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $465.18K | $531.64K | $741.94K | $529.70K | $613.32K | $612.82K | $624.85K | $528.42K | $541.71K | $464.39K | $457.39K | $462.26K | $402.23K | $374.53K | $374.52K | $335.53K | $346.40K | $277.61K | $235.53K | $261.40K |
| Selling and Marketing Expenses | $761.37K | $693.11K | $617.87K | $713.17K | $612.96K | $638.79K | $585.97K | $502.39K | $507.04K | $387.73K | $371.44K | $327.11K | $299.22K | $346.70K | $186.25K | $311.65K | $257.35K | $253.31K | $240.30K | $223.37K |
| Selling General and Administrative Expenses | $1.23M | $1.22M | $1.36M | $1.24M | $1.23M | $1.25M | $1.21M | $1.03M | $1.05M | $852.12K | $828.83K | $789.37K | $701.45K | $721.23K | $560.77K | $647.17K | $603.76K | $530.91K | $475.82K | $484.77K |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $120.50K | $- | $- | $963.01K | $1.09K | $2.91K | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $1.23M | $1.22M | $1.36M | $1.24M | $1.23M | $1.25M | $1.21M | $1.03M | $1.05M | $852.12K | $828.83K | $789.37K | $701.45K | $721.23K | $560.77K | $647.17K | $603.76K | $530.91K | $475.82K | $484.77K |
| Cost and Expenses | $2.22M | $2.19M | $2.38M | $2.30M | $2.29M | $2.37M | $2.38M | $2.17M | $2.16M | $1.93M | $1.80M | $1.85M | $1.73M | $1.84M | $1.60M | $1.84M | $1.74M | $1.59M | $1.57M | $1.49M |
| Interest Income | $71.32K | $527.00K | $91 | $495.76K | $10 | $- | $34 | $- | $1 | $- | $85 | $268 | $433 | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $718.89K | $527.00K | $259.27K | $495.76K | $243.79K | $162.46K | $114.91K | $59.31K | $56.03K | $51.54K | $71.49K | $106.93K | $53.31K | $61.36K | $69.49K | $68.28K | $78.71K | $64.68K | $65.69K | $64.03K |
| Depreciation and Amortization | $56.24K | $67.92K | $62.45K | $60.78K | $59.19K | $58.49K | $49.85K | $48.98K | $46.42K | $41.13K | $34.08K | $27.58K | $23.77K | $12.45K | $14.28K | $6.08K | $3.98K | $5.31K | $4.87K | $6.34K |
| EBITDA | $1.44M | $-359.05K | $-445.51K | $-530.74K | $-530.22K | $-647.28K | $-565.52K | $-161.52K | $-314.05K | $-59.56K | $969.30K | $25.66K | $4.24K | $67.75K | $225.64K | $-18.71K | $46.83K | $105.03K | $138.30K | $86.37K |
| EBITDA Ratio | 80.97% | -20.35% | -23.41% | -31.00% | -31.25% | -38.83% | -32.03% | -8.79% | -17.47% | -3.26% | 54.70% | 1.39% | 0.25% | 3.57% | 12.48% | -1.03% | 2.63% | 6.22% | 13.00% | 5.50% |
| Operating Income | $-441.28K | $-426.97K | $-452.78K | $-591.53K | $-589.42K | $-705.78K | $-615.40K | $-331.00K | $-360.47K | $-100.69K | $-27.87K | $-3.27K | $-22.86K | $55.30K | $211.36K | $-24.79K | $42.85K | $99.71K | $133.44K | $80.03K |
| Operating Income Ratio | -24.74% | -24.20% | -23.49% | -34.55% | -34.74% | -42.34% | -34.85% | -18.02% | -20.05% | -5.52% | -1.57% | -0.18% | -1.34% | 2.91% | 11.69% | -1.36% | 2.41% | 5.91% | 7.83% | 5.10% |
| Total Other Income Expenses Net | $1.11M | $-527.00K | $-320.15K | $-495.76K | $-243.78K | $-162.46K | $-114.87K | $61.20K | $-56.03K | $-51.54K | $891.60K | $-105.57K | $-49.96K | $-61.36K | $-69.49K | $-68.28K | $-78.71K | $-64.68K | $17.56K | $-64.03K |
| Income Before Tax | $668.98K | $-953.97K | $-772.93K | $-1.09M | $-833.20K | $-868.23K | $-730.28K | $-269.81K | $-416.50K | $-152.23K | $863.73K | $-108.85K | $-72.83K | $-6.06K | $141.87K | $-93.07K | $-35.86K | $35.04K | $151.00K | $16.00K |
| Income Before Tax Ratio | 37.51% | -54.08% | -40.10% | -63.50% | -49.11% | -52.08% | -41.36% | -14.69% | -23.17% | -8.34% | 48.74% | -5.90% | -4.28% | -0.32% | 7.85% | -5.11% | -2.02% | 2.08% | 8.86% | 1.02% |
| Income Tax Expense | $- | $1.05M | $-902.00K | $495.76K | $243.78K | $162.46K | $114.91K | $179.81K | $1 | $- | $1.03M | $108.02K | $56.22K | $- | $- | $- | $- | $- | $83.25K | $- |
| Net Income | $668.98K | $-2.01M | $129.07K | $-1.58M | $-1.08M | $-1.03M | $-730.28K | $-269.81K | $-416.50K | $-152.23K | $863.73K | $-108.85K | $-72.83K | $-6.06K | $141.87K | $-93.07K | $-35.86K | $35.04K | $151.00K | $16.00K |
| Net Income Ratio | 37.51% | -113.83% | 6.70% | -92.46% | -63.48% | -61.83% | -41.36% | -14.69% | -23.17% | -8.34% | 48.74% | -5.90% | -4.28% | -0.32% | 7.85% | -5.11% | -2.02% | 2.08% | 8.86% | 1.02% |
| EPS | $1.35 | $-4.26 | $0.29 | $-3.51 | $-2.43 | $-2.36 | $-1.70 | $-0.67 | $-1.07 | $-0.39 | $2.23 | $-0.28 | $-0.19 | $-0.02 | $0.37 | $-0.24 | $-0.09 | $0.09 | $0.39 | $0.04 |
| EPS Diluted | $1.05 | $-4.26 | $0.29 | $-3.51 | $-2.43 | $-2.36 | $-1.67 | $-0.67 | $-1.07 | $-0.39 | $2.23 | $-0.28 | $-0.19 | $-0.02 | $0.37 | $-0.24 | $-0.09 | $0.09 | $0.39 | $0.04 |
| Weighted Average Shares Outstanding | 494.96K | 471.40K | 447.87K | 451.16K | 443.19K | 436.01K | 429.35K | 399.72K | 389.25K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K |
| Weighted Average Shares Outstanding Diluted | 638.78K | 471.40K | 447.87K | 451.34K | 443.95K | 436.01K | 436.01K | 399.83K | 389.84K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K | 387.49K |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $23.19K | $99.43K | $32.31K | $6.40K | $29.72K |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $23.19K | $99.43K | $32.31K | $6.40K | $29.72K |
| Net Receivables | $406.00K | $727.30K | $953.83K | $432.29K | $286.19K |
| Inventory | $- | $-0 | $0 | $- | $0 |
| Other Current Assets | $144.22K | $437.64K | $192.97K | $130.57K | $5.81K |
| Total Current Assets | $573.41K | $1.05M | $1.08M | $503.97K | $318.81K |
| Property Plant Equipment Net | $665.09K | $82.63K | $168.98K | $201.36K | $8.63K |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $417.32K | $417.65K | $354.90K | $184.68K | $- |
| Goodwill and Intangible Assets | $417.32K | $417.65K | $354.90K | $184.68K | $- |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $10.14K | $6.94K | $6.94K | $6.94K | $6.67K |
| Total Non-Current Assets | $1.09M | $507.21K | $530.82K | $392.97K | $15.29K |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $1.67M | $1.55M | $1.61M | $896.94K | $334.10K |
| Account Payables | $1.69M | $536.86K | $343.07K | $217.78K | $367.54K |
| Short Term Debt | $2.78M | $1.61M | $1.33M | $2.00M | $1.15M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $550.52K | $497.73K | $320.04K | $178.82K | $- |
| Other Current Liabilities | $1.60M | $1.46M | $1.14M | $1.58M | $1.39M |
| Total Current Liabilities | $6.61M | $4.11M | $3.13M | $3.80M | $2.91M |
| Long Term Debt | $1.92M | $1.54M | $1.52M | $1.00M | $1.42M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $69.03K | $- | $- |
| Total Non-Current Liabilities | $1.92M | $1.54M | $1.58M | $1.00M | $1.42M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $8.53M | $5.65M | $4.72M | $4.80M | $4.33M |
| Preferred Stock | $1 | $0 | $- | $1 | $- |
| Common Stock | $470 | $32.70K | $29.06K | $29.06K | $29.06K |
| Retained Earnings | $-39.03M | $-35.47M | $-33.90M | $-34.57M | $-34.62M |
| Accumulated Other Comprehensive Income Loss | $0 | $-0 | $- | $0 | $- |
| Other Total Stockholders Equity | $32.16M | $31.34M | $30.76M | $30.64M | $30.59M |
| Total Stockholders Equity | $-6.86M | $-4.10M | $-3.11M | $-3.91M | $-4.00M |
| Total Equity | $-6.86M | $-4.10M | $-3.11M | $-3.91M | $-4.00M |
| Total Liabilities and Stockholders Equity | $1.67M | $1.55M | $1.61M | $896.94K | $334.10K |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.67M | $1.55M | $1.61M | $896.94K | $334.10K |
| Total Investments | $- | $- | $- | $- | $- |
| Total Debt | $4.70M | $3.15M | $2.76M | $2.93M | $2.58M |
| Net Debt | $4.67M | $3.05M | $2.73M | $2.92M | $2.55M |
Balance Sheet Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $17.34K | $981.10K | $23.19K | $6.58K | $1.59K | $104.84K | $99.43K | $56.08K | $3.97K | $42.47K | $32.31K | $206.70K | $395.78K | $106.44K | $6.40K | $32.17K | $20.30K | $12.50K | $29.72K | $3.64K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $17.34K | $981.10K | $23.19K | $6.58K | $1.59K | $104.84K | $99.43K | $56.08K | $3.97K | $42.47K | $32.31K | $206.70K | $395.78K | $106.44K | $6.40K | $32.17K | $20.30K | $12.50K | $29.72K | $3.64K |
| Net Receivables | $212.89K | $378.38K | $406.00K | $585.83K | $650.40K | $666.35K | $727.30K | $732.42K | $796.66K | $795.00K | $953.83K | $930.47K | $994.98K | $436.71K | $432.29K | $589.39K | $537.98K | $390.79K | $286.19K | $275.24K |
| Inventory | $- | $1 | $-0 | $1 | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $0 | $- |
| Other Current Assets | $462.26K | $471.07K | $288.44K | $354.95K | $198.22K | $240.04K | $437.64K | $148.60K | $304.55K | $214.66K | $192.97K | $207.21K | $135.73K | $100.42K | $130.57K | $149.91K | $59.27K | $23.72K | $5.81K | $20.90K |
| Total Current Assets | $692.49K | $1.83M | $573.41K | $769.88K | $850.22K | $1.01M | $1.05M | $937.10K | $981.96K | $944.80K | $1.08M | $1.24M | $1.46M | $593.36K | $503.97K | $696.52K | $587.91K | $415.15K | $318.81K | $289.34K |
| Property Plant Equipment Net | $616.01K | $641.74K | $665.09K | $690.42K | $715.53K | $56.52K | $82.63K | $107.33K | $128.96K | $148.31K | $168.98K | $150.70K | $169.27K | $186.96K | $201.36K | $220.39K | $237.31K | $255.92K | $8.63K | $9.47K |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $420.90K | $417.92K | $417.32K | $422.88K | $421.22K | $416.23K | $417.65K | $418.19K | $401.29K | $378.00K | $354.90K | $322.44K | $282.53K | $232.66K | $184.68K | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $420.90K | $417.92K | $417.32K | $422.88K | $421.22K | $416.23K | $417.65K | $418.19K | $401.29K | $378.00K | $354.90K | $322.44K | $282.53K | $232.66K | $184.68K | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $10.14K | $10.14K | $10.14K | $10.14K | $10.14K | $6.94K | $6.94K | $6.94K | $6.94K | $6.94K | $6.94K | $6.94K | $6.94K | $6.94K | $6.94K | $6.94K | $6.94K | $6.67K | $6.67K | $6.67K |
| Total Non-Current Assets | $1.05M | $1.07M | $1.09M | $1.12M | $1.15M | $479.68K | $507.21K | $532.46K | $537.18K | $533.24K | $530.82K | $480.07K | $458.73K | $426.55K | $392.97K | $227.33K | $244.25K | $262.58K | $15.29K | $16.14K |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.74M | $2.90M | $1.67M | $1.89M | $2.00M | $1.49M | $1.55M | $1.47M | $1.52M | $1.48M | $1.61M | $1.72M | $1.92M | $1.02M | $896.94K | $923.85K | $832.16K | $677.73K | $334.10K | $305.47K |
| Account Payables | $1.61M | $1.84M | $1.69M | $1.29M | $1.09M | $860.69K | $536.86K | $515.25K | $358.05K | $297.58K | $343.07K | $268.79K | $264.70K | $289.77K | $217.78K | $295.85K | $284.02K | $286.53K | $367.54K | $352.55K |
| Short Term Debt | $2.98M | $4.98M | $2.86M | $2.69M | $2.38M | $1.92M | $1.61M | $1.40M | $1.34M | $1.43M | $1.33M | $1.66M | $2.03M | $2.03M | $2.00M | $2.03M | $2.07M | $2.07M | $1.15M | $1.18M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $451.74K | $588.50K | $550.52K | $514.33K | $475.40K | $493.18K | $497.73K | $264.77K | $429.47K | $272.61K | $320.04K | $340.05K | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $2.24M | $1.96M | $1.52M | $1.74M | $1.37M | $1.59M | $1.46M | $1.35M | $1.24M | $1.24M | $1.14M | $1.40M | $1.70M | $1.66M | $1.58M | $1.68M | $1.45M | $1.46M | $1.39M | $1.50M |
| Total Current Liabilities | $7.28M | $9.37M | $6.61M | $6.23M | $5.31M | $4.86M | $4.11M | $3.53M | $3.36M | $3.24M | $3.13M | $3.67M | $3.99M | $3.98M | $3.80M | $4.00M | $3.81M | $3.81M | $2.91M | $3.04M |
| Long Term Debt | $1.45M | $1.22M | $1.92M | $2.03M | $2.07M | $1.45M | $1.54M | $1.54M | $1.58M | $1.40M | $1.52M | $2.04M | $1.89M | $951.65K | $1.00M | $996.05K | $1.01M | $829.90K | $1.42M | $1.42M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $69.03K | $69.03K | $69.03K | $69.03K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $1.45M | $1.22M | $1.92M | $2.03M | $2.07M | $1.45M | $1.54M | $1.61M | $1.65M | $1.47M | $1.58M | $2.04M | $1.89M | $951.65K | $1.00M | $996.05K | $1.01M | $829.90K | $1.42M | $1.42M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $8.73M | $10.58M | $8.53M | $8.26M | $7.38M | $6.31M | $5.65M | $5.14M | $5.01M | $4.71M | $4.72M | $5.71M | $5.88M | $4.93M | $4.80M | $5.00M | $4.82M | $4.64M | $4.33M | $4.46M |
| Preferred Stock | $- | $1 | $1 | $- | $1 | $- | $0 | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $1 |
| Common Stock | $507 | $477 | $470 | $453 | $33.56K | $32.70K | $32.70K | $31.63K | $29.59K | $29.06K | $29.06K | $29.06K | $29.06K | $29.06K | $29.06K | $29.06K | $29.06K | $29.06K | $29.06K | $29.06K |
| Retained Earnings | $-39.31M | $-39.98M | $-39.03M | $-38.26M | $-37.17M | $-36.34M | $-35.47M | $-34.74M | $-34.47M | $-34.05M | $-33.90M | $-34.76M | $-34.65M | $-34.58M | $-34.57M | $-34.72M | $-34.62M | $-34.59M | $-34.62M | $-34.77M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $0 | $- | $0 | $- | $-0 | $- | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $- | $- | $0 |
| Other Total Stockholders Equity | $32.32M | $32.30M | $32.16M | $31.89M | $31.75M | $31.49M | $31.34M | $31.03M | $30.95M | $30.79M | $30.76M | $30.74M | $30.66M | $30.64M | $30.64M | $30.61M | $30.61M | $30.59M | $30.59M | $30.59M |
| Total Stockholders Equity | $-6.99M | $-7.68M | $-6.86M | $-6.37M | $-5.39M | $-4.82M | $-4.10M | $-3.67M | $-3.49M | $-3.23M | $-3.11M | $-3.99M | $-3.97M | $-3.91M | $-3.91M | $-4.07M | $-3.99M | $-3.96M | $-4.00M | $-4.15M |
| Total Equity | $-6.99M | $-7.68M | $-6.86M | $-6.37M | $-5.39M | $-4.82M | $-4.10M | $-3.67M | $-3.49M | $-3.23M | $-3.11M | $-3.99M | $-3.97M | $-3.91M | $-3.91M | $-4.07M | $-3.99M | $-3.96M | $-4.00M | $-4.15M |
| Total Liabilities and Stockholders Equity | $1.74M | $2.90M | $1.67M | $1.89M | $2.00M | $1.49M | $1.55M | $1.47M | $1.52M | $1.48M | $1.61M | $1.72M | $1.92M | $1.02M | $896.94K | $923.85K | $832.16K | $677.73K | $334.10K | $305.47K |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.74M | $2.90M | $1.67M | $1.89M | $2.00M | $1.49M | $1.55M | $1.47M | $1.52M | $1.48M | $1.61M | $1.72M | $1.92M | $1.02M | $896.94K | $923.85K | $832.16K | $677.73K | $334.10K | $305.47K |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $4.43M | $4.79M | $4.70M | $4.64M | $4.38M | $3.35M | $3.15M | $2.87M | $2.83M | $2.75M | $2.76M | $3.62M | $3.84M | $2.91M | $2.93M | $2.95M | $3.01M | $2.83M | $2.58M | $2.61M |
| Net Debt | $4.41M | $3.80M | $4.67M | $4.63M | $4.37M | $3.24M | $3.05M | $2.82M | $2.83M | $2.71M | $2.73M | $3.42M | $3.45M | $2.80M | $2.92M | $2.92M | $2.99M | $2.82M | $2.55M | $2.60M |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Net Income | $-3.56M | $-1.57M | $676.00K | $47.98K | $37.00K |
| Depreciation and Amortization | $240.92K | $186.38K | $97.87K | $29.65K | $24.18K |
| Deferred Income Tax | $- | $-111.50K | $- | $-384.42K | $- |
| Stock Based Compensation | $143.18K | $117.59K | $125.54K | $44.81K | $1.47K |
| Change in Working Capital | $1.40M | $779.64K | $-356.65K | $-92.86K | $-101.53K |
| Accounts Receivables | $-89.18K | $217.53K | $-528.54K | $-146.10K | $201.11K |
| Inventory | $- | $190.63K | $- | $193.08K | $185.23K |
| Accounts Payables | $1.15M | $193.79K | $125.30K | $-149.76K | $-497.39K |
| Other Working Capital | $340.03K | $177.69K | $46.59K | $9.93K | $9.54K |
| Other Non Cash Items | $725.85K | $51.89K | $-956.52K | $384.42K | $-91.25K |
| Net Cash Provided by Operating Activities | $-1.05M | $-544.82K | $-413.75K | $29.57K | $-130.12K |
| Investments in Property Plant and Equipment | $-969 | $-243.03K | $-303.54K | $-196.16K | $-546 |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-215.05K | $-229.53K | $-255.23K | $-194.22K | $- |
| Net Cash Used for Investing Activities | $-216.02K | $-243.03K | $-303.54K | $-196.16K | $-546 |
| Debt Repayment | $1.42M | $781.20K | $743.21K | $143.27K | $86.65K |
| Common Stock Issued | $17.00K | $100.00K | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-225.30K | $73.77K | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $1.19M | $854.97K | $743.21K | $143.27K | $86.65K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-76.25K | $67.12K | $25.91K | $-23.32K | $-44.02K |
| Cash at End of Period | $23.19K | $99.43K | $32.31K | $6.40K | $29.72K |
| Cash at Beginning of Period | $99.43K | $32.31K | $6.40K | $29.72K | $73.73K |
| Operating Cash Flow | $-1.05M | $-544.82K | $-413.75K | $29.57K | $-130.12K |
| Capital Expenditure | $-216.02K | $-243.03K | $-303.54K | $-196.16K | $-546 |
| Free Cash Flow | $-1.27M | $-787.85K | $-717.29K | $-166.59K | $-130.67K |
Cash Flow Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $668.98K | $-953.97K | $-772.93K | $-1.09M | $-833.20K | $-868.23K | $-730.28K | $-269.81K | $-416.50K | $-152.23K | $863.73K | $-108.85K | $-72.83K | $-6.06K | $141.87K | $-93.07K | $-35.86K | $35.04K | $151.00K | $16.00K |
| Depreciation and Amortization | $56.24K | $67.92K | $62.45K | $60.78K | $59.19K | $58.49K | $49.85K | $48.98K | $46.42K | $41.13K | $34.08K | $27.58K | $23.77K | $12.45K | $14.28K | $6.08K | $3.98K | $5.31K | $4.87K | $6.34K |
| Deferred Income Tax | $-26.16K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $92.86K | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $26.16K | $- | $91.15K | $51.71K | $923 | $123 | $7.30K | $81.92K | $28.25K | $19.32K | $87.24K | $16.85K | $2.13K | $24.76K | $5.54K | $14.25K | $260 | $1.47K | $- |
| Change in Working Capital | $166.72K | $219.54K | $92.49K | $669.91K | $132.02K | $507.15K | $158.86K | $262.16K | $204.22K | $154.41K | $-27.70K | $69.58K | $-559.18K | $160.65K | $-5.78K | $139.29K | $-170.55K | $-55.81K | $-41.46K | $-92.47K |
| Accounts Receivables | $81.07K | $116.06K | $-225.65K | $59.58K | $15.95K | $60.94K | $-3.88K | $64.24K | $-1.66K | $158.83K | $-25.36K | $59.51K | $-558.26K | $-4.42K | $157.11K | $-51.41K | $-147.19K | $-104.60K | $-6.94K | $-142.77K |
| Inventory | $- | $- | $- | $- | $- | $- | $-83.82K | $202.72K | $-14.11K | $85.85K | $92.31K | $-157.84K | $21.58K | $90.54K | $-87.34K | $176.38K | $-23.31K | $127.35K | $-51.92K | $153.59K |
| Accounts Payables | $-235.94K | $154.30K | $393.71K | $207.34K | $225.84K | $323.83K | $21.61K | $157.20K | $60.47K | $-45.49K | $74.28K | $4.09K | $-25.07K | $71.99K | $-78.07K | $11.83K | $-2.51K | $-81.01K | $14.98K | $-105.69K |
| Other Working Capital | $321.59K | $-50.82K | $-75.57K | $402.99K | $-109.76K | $122.37K | $224.94K | $-161.99K | $159.53K | $-44.78K | $-168.94K | $163.82K | $2.57K | $2.54K | $2.52K | $2.49K | $2.47K | $2.44K | $2.42K | $2.40K |
| Other Non Cash Items | $367.89K | $203.59K | $266.96K | $203.85K | $161.56K | $93.48K | $60.89K | $-120.50K | $115.96K | $-2.84K | $-961.52K | $5.00K | $36.81K | $21.88K | $-92.86K | $175.31K | $-2.51K | $-81.01K | $-87.25K | $-105.69K |
| Net Cash Provided by Operating Activities | $1.23M | $-436.76K | $-351.03K | $-62.20K | $-428.71K | $-208.19K | $-460.56K | $-71.88K | $-83.94K | $71.56K | $-72.08K | $80.55K | $-591.39K | $169.17K | $175.13K | $57.84K | $-188.19K | $-15.20K | $28.63K | $-70.13K |
| Investments in Property Plant and Equipment | $-52.37K | $-63.52K | $-49.62K | $-55.06K | $-59.37K | $-51.98K | $-50.22K | $-62.91K | $-68.50K | $-61.40K | $-102.38K | $-66.08K | $-72.62K | $-62.45K | $-194.22K | $-1.95K | $- | $- | $-546 | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $82.83K | $1.33M | $-49.62K | $-55.06K | $-58.40K | $-51.98K | $-49.15K | $-59.20K | $-63.13K | $-58.04K | $-62.04K | $-64.82K | $-70.84K | $-57.52K | $-194.22K | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $30.46K | $1.27M | $-49.62K | $-55.06K | $-59.37K | $-51.98K | $-50.22K | $-62.91K | $-68.50K | $-61.40K | $-102.38K | $-66.08K | $-72.62K | $-62.45K | $-194.22K | $-1.95K | $- | $- | $-546 | $- |
| Debt Repayment | $-1.98M | $173.65K | $492.85K | $105.25K | $383.63K | $320.23K | $577.20K | $105.00K | $99.00K | $- | $74 | $-36.01K | $953.35K | $-6.68K | $-6.68K | $-44.02K | $195.98K | $-2.01K | $-2.01K | $69.33K |
| Common Stock Issued | $- | $7 | $17.00K | $17.00K | $- | $- | $98.93K | $81.90K | $14.93K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-249.41K | $-45.93K | $-75.60K | $17.00K | $1.21K | $-54.65K | $-23.06K | $81.90K | $14.93K | $- | $- | $-167.53K | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-2.23M | $127.72K | $417.25K | $122.25K | $384.83K | $265.58K | $554.14K | $186.90K | $113.93K | $- | $74 | $-203.54K | $953.35K | $-6.68K | $-6.68K | $-44.02K | $195.98K | $-2.01K | $-2.01K | $69.33K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-963.76K | $957.91K | $16.60K | $4.99K | $-103.25K | $5.41K | $43.36K | $52.11K | $-38.51K | $10.16K | $-174.39K | $-189.07K | $289.34K | $100.04K | $-25.77K | $11.87K | $7.79K | $-17.21K | $26.07K | $-803 |
| Cash at End of Period | $17.34K | $981.10K | $23.19K | $6.58K | $1.59K | $104.84K | $99.43K | $56.08K | $3.97K | $42.47K | $32.31K | $206.70K | $395.78K | $106.44K | $6.40K | $32.17K | $20.30K | $12.50K | $29.72K | $3.64K |
| Cash at Beginning of Period | $981.10K | $23.19K | $6.58K | $1.59K | $104.84K | $99.43K | $56.08K | $3.97K | $42.47K | $32.31K | $206.70K | $395.78K | $106.44K | $6.40K | $32.17K | $20.30K | $12.50K | $29.72K | $3.64K | $4.45K |
| Operating Cash Flow | $1.23M | $-436.76K | $-351.03K | $-62.20K | $-428.71K | $-208.19K | $-460.56K | $-71.88K | $-83.94K | $71.56K | $-72.08K | $80.55K | $-591.39K | $169.17K | $175.13K | $57.84K | $-188.19K | $-15.20K | $28.63K | $-70.13K |
| Capital Expenditure | $-52.37K | $-63.52K | $-49.62K | $-55.06K | $-59.37K | $-51.98K | $-50.22K | $-62.91K | $-68.50K | $-61.40K | $-102.38K | $-66.08K | $-72.62K | $-62.45K | $-194.22K | $-1.95K | $- | $- | $-546 | $- |
| Free Cash Flow | $1.18M | $-500.28K | $-400.65K | $-117.26K | $-488.08K | $-260.17K | $-510.78K | $-134.79K | $-152.44K | $10.16K | $-174.47K | $14.46K | $-664.01K | $106.72K | $-19.09K | $55.89K | $-188.19K | $-15.20K | $28.08K | $-70.13K |
Infinite Group Dividends
Explore Infinite Group's dividend history, including dividend yield, payout ratio, and historical payments.
Infinite Group News
Read the latest news about Infinite Group, including recent articles, headlines, and updates.
Sega Sammy: Infinite Wealth, A Tough Basis Against New Yakuza Spinoff
Sega Sammy had a decent quarter, driven by the success of Sonic the Hedgehog movie and Sonic X Shadow Generations back-catalogue sales, despite expected challenges in pachinko. The cancellation of Football Manager 2025 and a thin pipeline deprive Sega Sammy of catalysts right now. The Yakuza spinoff just released can't trounce last year's Infinite Wealth coming Q4. We like strategic moves like entering the US slot machine market to counteract pachinko decline, supported by acquisitions like GAN Ltd. and Stakelogic.
Loop Industries Completes Convertible Preferred Financing With Reed Societe Generale Group and Sells First Technology License For An Infinite Loop Manufacturing Facility in Europe
REED SOCIETE GENERALE GROUP INVESTS €10 MILLION IN LOOP VIA A CONVERTIBLE PREFERRED SECURITY AT A $4.75 CONVERSION PRICE. LOOP COMPLETES ITS INAUGURAL SALE OF AN INFINITE LOOP™ TECHNOLOGY LICENSE, GENERATING AN UPFRONT PAYMENT OF €10 MILLION.
Infinite Acquisitions Partners Announces LOI with Oceaneering International, Inc. for Acquisition of Oceaneering Entertainment Systems (OES); Infinite and Falcon's Beyond Global, Inc. Announce LOI for Falcon's to Operate OES
HENRICO, Va. & ORLANDO, Fla.--(BUSINESS WIRE)--Infinite Acquisitions Partners LLC (“Infinite”) today announced it has entered into a nonbinding letter of intent (“LOI”) with Oceaneering International, Inc. (“OII”) for Infinite to acquire Oceaneering Entertainment Systems (OES) from OII through an acquisition of assets. In addition, Infinite and Falcon's Beyond Global, Inc. (Nasdaq: FBYD) (“Falcon's Beyond”), a visionary leader in innovative and immersive storytelling through Falcon's Creative G.
Super League Completes Initial Stage of Equity Exchange Transfer with Infinite Reality
~ Appoints Clark Callander to SLE's Board of Directors ~ ~ Significant Steps Taken Towards Transformative Transaction ~ SANTA MONICA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Super League Enterprise, Inc. (Nasdaq: SLE), a global leader in redefining the gaming industry as a media channel, announced today that Clark Callander has been formally appointed to the Super League Board of Directors, effective October 29th, 2024.
Super League Announces $1 Million Registered Direct Investment From Infinite Reality
SANTA MONICA, Calif., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Super League Enterprise, Inc. (Nasdaq: SLE), a global leader in redefining the gaming industry as a media channel, announced today that Infinite Reality (iR), an innovation company powering the next generation of digital media and e-commerce through artificial intelligence (AI), spatial computing, extended reality (XR), and other immersive technologies, has made a $1 million registered direct investment in Super League.
Infinite Reality Closes $350 Million Investment; Acquires Landvault in $450 Million Deal, Valuation Soars to $5.1 Billion
Transactions Fuel Growth and Innovation Initiatives and Help Cement Company's Position as a Leader in Immersive Platform Technology and Enterprise Services Transactions Fuel Growth and Innovation Initiatives and Help Cement Company's Position as a Leader in Immersive Platform Technology and Enterprise Services
Infinite Reality's SPAC Partner, Newbury Street Acquisition Corp., Announces Nasdaq Extension for Proposed Business Combination
NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Infinite Reality (“Infinite Reality” or “iR”), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, today announced that, on June 10, 2024, its partner for its previously announced business combination (the “Business Combination”), Newbury Street Acquisition Corporation (Nasdaq: NBST) (“Newbury” or the “Company”), received notice from the Nasdaq Office of General Counsel that the Nasdaq Hearings Panel (the “Panel”) had granted the Company's request to continue its listing on Nasdaq through September 23, 2024 (the “Extended Date”).
Sega Sammy: Infinite Wealth Could Drive A Q4 Beat Against The New Forecasts
Infinite Wealth had phenomenal player counts for months out from release, and passed the million unit sale threshold in days. We think that there could be a beat of the new downward revised forecasts in the upcoming quarter, reversing some of the pain from the downward revision. We still also believe in continued performance from Pachinko.
Nodeware(R) by IGI CyberLabs and vCIOToolbox Forge Strategic Partnership for Enhanced Cybersecurity Solution for MSPs
PITTSFORD, NY / ACCESSWIRE / October 5, 2023 / Infinite Group, Inc. (IGI) (OTC PINK:IMCI) - Nodeware, an AI-driven continuous vulnerability management solution by IGI CyberLabs, and vCIOToolbox, a leading provider of management solutions supporting account management and client advisory, are pleased to announce a strategic partnership. This partnership integrates Nodeware's enhanced vulnerability data into the vCIOToolbox platform, providing valuable insights to managed service providers (MSPs) for use in compliance and business reviews.
Become a Billionaire by Investing in the Industry With Infinite Potential
Source: Shutterstock [Editor's note: “Become a Billionaire by Investing in The Industry With Infinite Potential ” was previously published in August 2022 . It has since been updated to include the most relevant information available.
Become a Billionaire by Investing in The Industry With Infinite Potential
Source: Shutterstock [Editor's note: “Become a Billionaire by Investing in The Industry With Infinite Potential ” was previously published in August 2021 . It has since been updated to include the most relevant information available.
IGI Cybersecurity Featured on OTCQB Podcast; President Talks Company Evolution, Rebranding, and the State of the Cybersecurity Market
Andrew Hoyen is interviewed for the OTCQB Podcast to highlight current state of IGI PITTSFORD, NY / ACCESSWIRE / October 13, 2021 / Infinite Group, Inc. (IGI Cybersecurity) (OTCQB:IMCI) was featured on a recent episode of the OTCQB Podcast, which features interviews with the leaders behind the companies that trade on the Venture Market. In the episode, Andrew Hoyen, President and COO of IGI Cybersecurity, highlights the evolution of IGI Cybersecurity, the recent company rebranding, and how the company is helping businesses be more secure during a time when cyber-attacks are more prevalent than ever.
IGI Cybersecurity to Sponsor 2021 Telarus Partner Summit
IGI Cybersecurity will sponsor and attend the annual event for Channel Partners held at the Marriott Marquis San Diego Marina PITTSFORD, NY / ACCESSWIRE / July 22, 2021 / Infinite Group, Inc. (IGI) (OTCQB:IMCI) will be sponsoring the annual Telarus Partner Summit next week in San Diego. IGI is an exclusive supplier with Telarus and one of the first suppliers to offer cybersecurity services and solutions through the large Master Agent.
IGI Creates Subsidiary IGI CyberLabs, Names Stuart Cohen as President
The cybersecurity services and software company is moving its Nodeware® SaaS platform and other IP to a wholly owned subsidiary focused on software sales and development solutions to accelerate growth PITTSFORD, NY / ACCESSWIRE / June 9, 2021 / Infinite Group, Inc. (IGI) (OTCQB:IMCI) announces today that the company is creating a wholly owned subsidiary to support its Nodeware solution and continued software development: IGI CyberLabs. The company has named cybersecurity industry veteran Stuart Cohen as the new President of IGI CyberLabs.
IGI Moves to OTCQB Venture Markets
The growing cybersecurity services and software company announces it is up-listing to The Venture Market PITTSFORD, NY / ACCESSWIRE / June 2, 2021 / Infinite Group, Inc. (IGI) (OTCQB:IMCI) today announced that the company is moving from the OTC Pink Sheets to OTCQB, also called "The Venture Market." IGI joins the OTCQB market, considered by the Securities and Exchange Commission (SEC) as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC.
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