I-ON Digital

IONI

Software - Application · Technology

Price

$0.21

+0.00 (+0.00%)

Market Cap

$7.2M

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Share count falling — buybacks

−10.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 35.0M (2021) → 31.5M (2025)

I-ON Digital Corp. is a small software company that helps businesses build and manage digital content platforms. Its core products include web content management systems and digital experience tools, sold mainly to corporate clients and government organizations. The company has roots in South Korea and focuses on helping customers publish and organize information online.

I-ON Digital earns revenue primarily through software licenses and service contracts with its business clients. It operates mainly in South Korea and select Asian markets, and its tiny market capitalization reflects its status as a micro-cap company with limited scale. The company's deeply negative operating margin signals that it is spending far more than it earns, which is the central risk investors face — the business must significantly grow revenue or cut costs to reach profitability.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

-145.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

23.0%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~2 months

$158,193 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

I-ON Digital has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

55.5%

Premium pricing power — 55.5% gross margin

Operating Margin

-2440.9%

Losing money on operations — -2440.9%

ROCE

-12.6%

Weak — -12.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+1227.2%

Fast-growing sales (1227.2% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-230.5%

Burning cash (-230.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.04

Conservative — low debt load (0.04)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

6.1x

Attractive valuation — P/E 6.1

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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