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IMCI Infinite

Infinite Group, Inc. engages in the provision of information technology solutions that are intended to deliver measurable results to small and medium sized businesses, government agencies and commercial enterprises. It provides managed services that include managing edge operations and implementing complex programs in advanced server management, desktop and server monitoring and remediation, help desk and call center, data storage, backup and disaster recovery, and project management. The firm provides cloud computing solutions that include public and private cloud architectures along with hybrid scalable cloud hosting, server virtualization and desktop virtualization solutions. It also offers support to professional services organizations of software companies that need additional skilled resources when implementing solutions. The company was founded on October 14, 1986 and is headquartered in Pittsford, NY.

Company profile

Ticker
IMCI
Exchange
Website
CEO
James A. Villa
Employees
Incorporated
Location
Fiscal year end
Former names
INFINITE MACHINE CORP, INFINITE MACHINES CORP
SEC CIK
IRS number
521490422

IMCI stock data

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Calendar

17 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
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Financial data from Infinite earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Apr 21 James Witzel Option Common Stock Grant Aquire A No No 0.1925 200,000 38.5K 200,000
17 Nov 20 James Villa Option Common Stock Grant Aquire A No No 0 250,000 0 250,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 0 NEW
Opened positions 1 0 NEW
Closed positions 0 1 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 12.5K 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
J.P. Marvel Investment Advisors 12.5K $0 NEW
Largest transactions
Shares Bought/sold Change
J.P. Marvel Investment Advisors 12.5K +12.5K NEW

Financial report summary

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Risks
  • System security risks, data protection breaches, cyberattacks, and systems integration issues could disrupt our internal operations or IT services provided to customers, and any such disruption could reduce our revenue, increase our expenses, damage our reputation.
  • We depend on prime contracts or subcontracts with the federal, state and local governments for a substantial portion of our sales, and our business would be seriously harmed if the government ceased doing business with us or our prime contractors or significantly decreased the amount of business it does with us or our prime contractors.
  • Our business could be adversely affected by changes in budgetary priorities of the federal, state and local governments.
  • Our results of operations may be negatively impacted by the coronavirus outbreak.
  • We are highly leveraged, which increases our operating deficit and makes it difficult for us to grow.
  • If we acquire businesses or business assets and do not successfully integrate the acquisitions, our results of operations could be adversely affected.
  • Our investments in cybersecurity and other business initiatives may not be successful.
  • If we fail to adequately manage the size of our business, it could have a severe negative impact on our financial results or stock price.
  • We may have difficulties in managing our growth.
  • We depend on the continued services of our key personnel.
  • Our future success depends on our ability to continue to retain and attract qualified employees.
  • The price of our common stock may be adversely affected by the possible issuance of shares to third parties upon conversion of outstanding notes.
  • Our stock price is volatile and could be further affected by events not within our control.
  • Our common stock may be considered a “penny stock” and may be difficult to buy or sell.
Management Discussion
  • Our managed support service sales comprised approximately 59% of our sales in 2021 and approximately 60% in 2020. Our cybersecurity projects and software sales, primarily to SMEs, were approximately 39% of our total sales in 2021 as compared to approximately 34% for 2020.
  • Sales of virtualization subcontract projects have continued to decrease since 2015 because VMware has continued to assign fewer projects to us. Our virtualization subcontract project sales decrease of approximately 30% from 2020 to 2021 was more than offset by sales growth of approximately $56,000 from our cybersecurity projects and software business during the three months ended March 31, 2021 as compared to 2020. Our goal is to continue to grow our cybersecurity projects and software business by using our expanding salesforce as well as channel partners. We also hope to recapture some of our VMware business in both the public and commercial sector by building VMware license sales volume and services concurrently directly with customers rather than relying on subcontract project services. Other IT projects comprised the balance of our sales.
  • Cost of sales principally represents the cost of employee services related to our IT Services Group. We have grown our cybersecurity projects team to meet demand and terminated some support personnel in the last year as part of efficiency measures. As virtualization project sales decreased, related personnel cost of sales also decreased.
Content analysis
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Readability
8th grade Avg
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