Iveda Solutions Inc. Common Stock (IVDA)

FairStock Score: 48/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable earning power and a margin of safety, and Iveda does not yet show either. At $0.26 on 2026-10-13, the market cap is $3.3M; FairStock's P/B is 0.60 and P/E is -0.49 because there are no profits. The company has lost money in each of the last four years, so the computed Lynch category is none. Filed results show revenue of $6.5M in fiscal year 2023, the year ended 2023-12-31; $6.0M in fiscal year 2024, the year ended 2024-12-31; and $5.3M in fiscal year 2025, the year ended 2025-12-31. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $801,846 and net income was -$793,469; a year earlier, in fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $1.5M and net income was -$564,249. That is deterioration. Financial health is poor. FairStock calculates ROE at -91.95%, ROCE at -34.45%, trailing free cash flow at -$2.9M, and FCF yield at -90.1%. Its Piotroski F-Score is 3/9 and Altman Z-Score is -9.62, pointing to distress. The only bright spot is low leverage: D/E is 0.14. But low debt does not offset cash burn. With 32 employees and a tiny revenue base, the company may be nimble, but it has no demonstrated pricing power or consistent profit. I would call this speculative. A Graham-style investor wants a bargain protected by assets and earnings; here book value could shrink and losses consume capital. A low price is not the same as value.

In plain English: Iveda sells AI-powered video surveillance and Internet-of-Things software to cities and businesses. It has been losing money for years and sales are shrinking; in the latest quarter revenue was under $1 million and the net loss was about $0.8 million. At $0.26, the stock looks low compared with its accounting value, but the business is weak, so it is not clearly cheap or safe.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer