I-ON Digital

IONI

Software - Application · Technology

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Good

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Winston Score History

The full picture

I-ON Digital Corp. is a small software company that helps businesses build and manage digital content platforms. Its core products include web content management systems and digital experience tools, sold mainly to corporate clients and government organizations. The company has roots in South Korea and focuses on helping customers publish and organize information online.

I-ON Digital earns revenue primarily through software licenses and service contracts with its business clients. It operates mainly in South Korea and select Asian markets, and its tiny market capitalization reflects its status as a micro-cap company with limited scale. The company's deeply negative operating margin signals that it is spending far more than it earns, which is the central risk investors face — the business must significantly grow revenue or cut costs to reach profitability.

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

YoY Growth Rate

Revenue data limited

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

23.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~1 months

$193,012 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

I-ON Digital has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-34.3%

Thin — -34.3% gross margin

Profit after running costs

Operating Margin

-1448.7%

Losing money on operations — -1448.7%

Return on the money invested

ROCE

-15.1%

Weak — -15.1% return on capital

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

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Growth

Sales growth

Sales YoY

N/A

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

-68%

Weak — only -68% of profit becomes cash

Spare cash per sale

FCF Margin

-239.5%

Burning cash (-239.5%)

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

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Stability

What it owes vs what it owns

Debt / Equity

0.01

Conservative — low debt load (0.01)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

3.2x

no trend

Attractive valuation — P/E 3.2

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

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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