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InternetArray

INAR
41
Software - Infrastructure · Technology
Price
$0.00
+0.00 (+0.00%)
Market Cap
$709,327
Winston Score
41
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Mar 31, 2006
How the score breaks down
Quality
Strong
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+50109084.6% over 9y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 10K (2004) → 4.94B (2013)

Winston Score History

The full picture

InternetArray, Inc. (INAR) is a small software infrastructure company. It builds tools that help businesses manage and organize data and network systems. The company operates in the technology sector, serving other businesses that need software to keep their digital operations running smoothly.

InternetArray earns money by selling software licenses or subscriptions to its business customers, which explains its 100% gross margin — a sign that it delivers purely digital products with no physical goods costs. The company is very small, with a market cap near zero, and is not yet profitable at the operating level, losing about 23 cents for every dollar of revenue. The main risk the business faces is scaling its customer base fast enough to cover its operating costs before it runs out of financial runway.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+375.2% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+40.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

3.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

$125,876 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Strong grower

InternetArray is growing revenue at 375% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

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.

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Quality

Profit per sale
Gross Margin
29.1%
Modest — 29.1% gross margin
Profit after running costs
Operating Margin
98.7%
Excellent — 98.7% operating margin
Return on the money invested
ROCE
55.7%
Exceptional — 55.7% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+787.8%
Fast-growing sales (+787.8% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-128.9%
Burning cash (-128.9%)

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
N/A
Data not available
Covers its interest
Interest Cover
3.85x
Tight — interest eats into profit (3.8x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
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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