iOThree
Satellite connectivity, shipboard infrastructure, and digital platforms for commercial fleets.
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Profile
Sells satellite connectivity, shipboard networks, equipment, engineering, and maritime digital applications to commercial fleets, supported by recurring service subscriptions and project revenue. Its model combines onboard installation with JARVISS-managed connectivity and data services, but relies on third-party satellite networks and suppliers.
Combines satellite airtime and equipment with shipboard IT/OT installation, engineering, and support for commercial vessels. JARVISS links onboard infrastructure, data transport, security tools, and applications including V.IoT, V.Secure, and F.R.I.D.A.Y, while the business also provides navigation and marine communications equipment.
Serves ship managers, container and offshore operators, shipping companies, and fleet providers, chiefly in Southeast Asia. Its bundled offering pairs connectivity, onboard networks, recurring support, and digital applications on a vessel, with contracts and framework arrangements supporting subscriptions alongside project work.
Revenue remains split between connectivity subscriptions and equipment, installation, engineering, and other digital-services activity. Operations depend on satellite operators and hardware/software suppliers; commercial activity and leadership are concentrated in Singapore, while the Cayman parent is a foreign private issuer with founder-controlled voting power.
Company facts
Key statistics
Year to date −3.5% · Average volume (30d) 51.8K
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 2 quarters | — | — | — | — | Q2 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $5.7M | $5.7M | |
| Gross profit | — | — | — | — | $1.3M | $1.1M | |
| Operating income | — | — | — | — | −$117.1K | −$723.5K | |
| Net income | — | — | — | — | −$104.2K | −$798.2K | |
| Diluted EPS | — | — | — | — | −$0.04 | −$0.19 | |
| Gross margin | — | — | — | — | 23.4% | 19.5% | |
| Operating margin | — | — | — | — | -2.1% | -12.6% |
Revenue by geography · FY26
Balance sheet, Mar 31, 2026Cash & short-term investments $1.8M · Total debt $1.2M · Total assets $6.6M · Shareholders' equity $3.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 3.03M · Float 761.4K · 25.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Lianyi Holding Limited | 1.03M | 34.12% | 13D | Aug 28, 2026 |
| Himalaya Resource (HK) Limited | 264.4K | 8.72% | 13G | Aug 19, 2026 |
| YR Sea Group Pte. Ltd. | 264.4K | 8.72% | 13G | Aug 19, 2026 |
| PT Tumbuh Lestari Abadi | 252.9K | 8.34% | 13G | Aug 26, 2026 |
| PT Vox Inovasi Nusantara | 252.9K | 8.34% | 13G | Aug 21, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Viasat
Managed maritime connectivity through Inmarsat NexusWave and VS60.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| iOThree | $2.26 | −8.50% | $7.4M | — | — | 0.7 | — |
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| Median | — | — | 2.0 | −1.2% |