Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2021
Where the money goes
Where each dollar of revenue went, fiscal 2021
- Cost of revenue73¢$22.5M
- Other costs19¢$5.8M
- Interest2¢$683.5K
- Profit5¢$1.7M
Out of $30.7M in revenue.2
Financial statements
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.1M4 | $2.5M5 | $30.3M2 | $30.7M2 | |||
| Cost of revenue | $743.1K4 | $22.6M2 | $22.5M2 | ||||
| Gross profit | $2.5M5 | $7.7M2 | $8.2M2 | ||||
| Research and development | $5.0K6 | $8026 | |||||
| Operating income | -$1.1M6 | -$680.3K7 | -$231.3K8 | -$735.0K9 | -$1.8M5 | -$12.6M2 | $3.2M2 |
| Interest | $292.1K6 | $302.4K7 | $302.9K8 | $246.2K9 | $210.6K9 | $219.6K2 | $683.5K2 |
| Net income | -$1.1M6 | -$947.1K7 | -$310.8K8 | $313.9K9 | -$2.0M5 | -$14.1M2 | $1.7M2 |
| Earnings per share | $0.099 | -$0.239 | |||||
| Earnings per share (diluted) | $0.099 | -$0.239 |
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash | $2.9K7 | $4.7K8 | $4.2K8 | $2618 | |||
| Current assets | $266.9K6 | $29.9K7 | $8.7K8 | $2619 | $2.6M5 | $14.2M2 | $18.9M2 |
| Total assets | $290.7K6 | $33.5K7 | $10.2K8 | $1.1K9 | $5.6M5 | $17.1M2 | $21.0M2 |
| Current liabilities | $2.5M6 | $4.4M7 | $4.5M8 | $4.0M9 | $5.0M5 | $11.4M2 | $9.2M2 |
| Long-term debt | $167.5K2 | $323.2K2 | |||||
| Total liabilities | $4.1M6 | $4.4M6 | $4.5M8 | $4.0M8 | $5.0M5 | $11.6M2 | $9.3M2 |
| Shareholders’ equity | -$3.8M7 | -$4.4M8 | -$4.5M9 | -$4.0M5 | $605.6K2 | $5.5M2 | $11.7M2 |
| Shares outstanding | 16.1B shares4 | 17.8B shares7 | 17.8B shares8 | 39.5B shares8 | 12.4M shares9 | 19.2M shares2 | 79.2M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Corporate structure
MPHASE TECHNOLOGIES, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of MPHASE TECHNOLOGIES, INC.
- Anshu Bhatnagar Filed SC 13D on MPHASE TECHNOLOGIES, INC., latest Feb 15, 2022
- MPHASE TECHNOLOGIES, INC. Gaithersburg, Maryland
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What MPHASE TECHNOLOGIES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $243.5K2 Jun 30, 2021 | $235.8K2 Jun 30, 2020 | +3.3% |
| Accumulated depreciation | $227.0K2 Jun 30, 2021 | $203.1K2 Jun 30, 2020 | +11.7% |
| Property and equipment, net | $16.5K2 Jun 30, 2021 | $32.7K2 Jun 30, 2020 | −49.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $3.7K2 Jun 30, 2021 | $3.6K2 Jun 30, 2020 | +0.9% |
| Intangible assets, net (excluding goodwill) | $2.1M2 Jun 30, 2021 | $2.8M2 Jun 30, 2020 | −26.7% |
| Finite-lived intangibles, gross | $3.9M2 Jun 30, 2021 | $3.8M2 Jun 30, 2020 | +3.9% |
| Accumulated amortization | $1.8M2 Jun 30, 2021 | $923.9K2 Jun 30, 2020 | +97.7% |
| Finite-lived intangibles, net | $2.1M2 Jun 30, 2021 | $2.8M2 Jun 30, 2020 | −26.7% |
Leadership
Who has led MPHASE TECHNOLOGIES, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerAnshu Bhatnagar Jan 17, 2019 to Jun 16, 202112
- Chief executive officerRonald A. Durando Apr 5, 2006 to May 12, 201113
- PresidentRonald A. Durando Apr 5, 2006 to May 12, 201113
- Chief financial officerAngelia Lansinger Hrytsyshyn Dec 9, 2021 to Dec 9, 202114
- Chief financial officerChristopher Cutchens Jun 10, 2019 to Jun 10, 201915
- Chief financial officerMartin S. Smiley Apr 5, 2006 to Jul 2, 201916
- Chief operating officerVenkat Jayaraman Kodumudi May 27, 2021 to Nov 30, 202117
- Chief operating officerGustave T. Dotoli Sep 29, 2006 to Apr 22, 201118
Board members and other officers (9)
- Board memberVenkat Jayaraman Kodumudi Nov 30, 2021 to Nov 30, 202119
- Board memberAnshu Bhatnagar Jan 17, 2019 to Jun 16, 202112
- Board memberVictor Lawrence Jan 9, 2012 to Jan 9, 201220
- Board memberGustave T. Dotoli Aug 17, 2007 to Apr 22, 201121
- Board memberNecdet F. Ergul Aug 17, 2007 to Aug 17, 200722
- Board memberRonald A. Durando Apr 5, 2006 to Jan 22, 201913
- Board memberMartin S. Smiley Jul 12, 2006 to Apr 4, 201623
- Board memberAbraham Biderman Sep 29, 2006 to Aug 29, 201124
- General counselMartin S. Smiley Oct 9, 2015 to Apr 4, 201625
Former names
- MPHASE TECHNOLOGIES INCOct 16, 1998 to May 21, 20213
Timeline
- Mar 16, 20238-K Earlier financial statements no longer reliable26
- Jan 18, 20238-K Change of auditor; Other events27
- Aug 26, 20228-K Entered a material agreement28
- Aug 1, 20228-K Executive or director change29
- Jul 5, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares30
- Jun 30, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares31
- May 5, 20228-K Executive or director change32
- Apr 22, 20228-K Entered a material agreement; Unregistered sale of shares33
- Mar 18, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares34
- Mar 11, 20228-K Shareholder vote35
- Jan 25, 20228-K Entered a material agreement; Executive or director change; Other events36
- Jan 17, 2019New chief executive Anshu Bhatnagar becomes CEO12
- Apr 5, 2006New chief executive Ronald A. Durando becomes CEO13
Filings
28 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 11 major events, 2 insider forms, 1 large holders, 10 other. The latest 20:
- Jun 22, 202315-12G EDGAR
- Mar 16, 20238-K EDGAR
- Jan 18, 20238-K EDGAR
- Jan 11, 2023SEC STAFF ACTION EDGAR
- Sep 29, 2022NT 10-K EDGAR
- Aug 26, 20228-K EDGAR
- Aug 1, 20228-K EDGAR
- Jul 5, 20228-K/A EDGAR
- Jun 30, 20228-K EDGAR
- Jun 17, 202210-Q EDGAR
- May 17, 2022NT 10-Q EDGAR
- May 5, 20228-K EDGAR
- Apr 22, 20228-K EDGAR
- Mar 18, 20228-K EDGAR
- Mar 11, 20228-K EDGAR
- Feb 28, 2022S-1 EDGAR
- Feb 23, 2022DEF 14A EDGAR
- Feb 15, 2022SC 13D EDGAR
- Feb 10, 202210-Q EDGAR
- Feb 8, 2022PRE 14A EDGAR
The 28 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 26, 2021 | Kodumudi Venkat JayaramanChief Operating Officer | Buy | 28,000 | $0.24 | $6.7K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Anshu BhatnagarSC 13D, 1 filing Feb 15, 202237
SEC filer profile
How MPHASE TECHNOLOGIES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMPHASE TECHNOLOGIES, INC.1
- CIK0000825322
- Employer ID (EIN)22-22875031
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inNew Jersey1
- Fiscal year endsJune 301
- Industry code (SIC)7372 Services-Prepackaged Software1
- Business address9841 Washingtonian Blvd, Suite 200, Gaithersburg, MD 208781
- Phone301-329-27001
- Shares outstanding84,979,729 as of Jun 13, 202211
- Public float$1.7M as of Dec 31, 20202
- On EDGAR sinceOct 16, 19981
- Filings787 in all: 4 (156), 8-K (153), 10-Q (66), CORRESP (46), UPLOAD (41), SC 13D (30), 10-Q/A (27), 10-K/A (24)1
All 50 form types
5 (22), 10-K (21), 8-K/A (21), NT 10-Q (19), S-1/A (19), DEF 14A (15), PRE 14A (15), S-1 (13), 4/A (10), NT 10-K (10), SC 13D/A (8), CT ORDER (7), SC 13G (6), 144 (5), 3 (5), 10QSB (4), REGDEX (4), DEFR14A (3), EFFECT (3), 10KSB40 (2), 10SB12G (2), 10SB12G/A (2), 15-12G (2), 5/A (2), D (2), DEF 14C (2), PRE 14C (2), PRER14A (2), RW (2), SC 13G/A (2), 10QSB/A (1), 15-12G/A (1), 3/A (1), 424B2 (1), 424B3 (1), AW (1), NTN 10K (1), NTN 10Q (1), PRES14A (1), S-8 (1), SB-2 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Oct 13, 2021
Quarterly report (10-Q) Jun 17, 2022
Proxy statement (DEF 14A) Feb 23, 2022
Latest 8-K (8-K) Mar 16, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 20SEC EDGARVictor Lawrence, Board member
- 21SEC EDGARGustave T. Dotoli, Board member
- 22SEC EDGARNecdet F. Ergul, Board member
- 23SEC EDGARMartin S. Smiley, Board member
- 24SEC EDGARAbraham Biderman, Board member
- 25SEC EDGARMartin S. Smiley, General counsel
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- 27SEC EDGARChange of auditor; Other events
- 28SEC EDGAREntered a material agreement
- 29SEC EDGARExecutive or director change
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- 32SEC EDGARExecutive or director change
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- 35SEC EDGARShareholder vote
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