Iveda Solutions

IVDA

Security & Protection Services · Industrials

Price

$0.26

+0.00 (+1.80%)

Market Cap

$737,119

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+172.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.1M (2021) → 3.0M (2025)

Iveda Solutions is a small technology company that sells AI-powered surveillance and smart city software. Its main products include video analytics tools, facial recognition systems, and cloud-based platforms that help governments, utilities, and public safety agencies monitor infrastructure and manage resources. The company operates in the security and smart city technology industry.

Iveda earns revenue through software licenses, cloud subscriptions, and project-based contracts with government and municipal clients. It operates primarily in the United States and Taiwan, and its small size — with a market cap near zero — means it competes against much larger security and AI vendors with deeper resources. The company currently loses significantly more money than it earns, with a deeply negative operating margin, so its biggest near-term challenge is reaching a scale where revenue can cover its operating costs.

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

+1.3% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+39.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$170,800/ year

↓ Declining (-53% vs prior year)

3.2% of revenue

In line with sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Runway

~18 months

$6M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Growth context

Iveda Solutions is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

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

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Quality

Gross Margin

33.1%

Modest — 33.1% gross margin

Operating Margin

-37.9%

Losing money on operations — -37.9%

ROCE

-9.2%

Weak — -9.2% return on capital

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

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Growth

Sales YoY

-25.9%

Shrinking sales (-25.9% 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

-53.4%

Burning cash (-53.4%)

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

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Stability

Debt / Equity

0.05

Conservative — low debt load (0.05)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

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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