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Private company

Appgate, Inc.

Appgate, Inc. is an American prepackaged software services company, incorporated in Delaware.1 It is headquartered in Coral Gables, Florida.1

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Prepackaged Software1
  • HeadquartersCoral Gables, Florida1
  • Incorporated inDE2
  • Business address2 Alhambra Plaza, Suite Ph-1-B, Coral Gables, Fl 331342
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

48.7%Gross margin3
-187.9%Operating margin3
-70.5%Net margin3
-0.9%Revenue growth, 20223
-$59.1MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue51¢$21.9M
  • Research and development30¢$13.1M
  • Interest15¢$6.4M
  • Income tax4¢$1.8M

Out of $42.7M in revenue.3 The company lost money this year.

Financial statements

Revenue43$42.7M in 2022+29% since 2020
0$20.0M$40.0M$60.0M2020: $33.2M$33.2M20202021: $43.0M$43.0M2021+30%2022: $42.7M$42.7M2022−1%
Gross profit43$20.8M in 2022+82% since 2020
0$10.0M$20.0M$30.0M2020: $11.4M$11.4M20202021: $22.4M$22.4M2021+96%2022: $20.8M$20.8M2022−7%
Operating income43-$80.1M in 2022+71% since 2020
-$100.0M-$75.0M-$50.0M-$25.0M02020: -$46.8M-$46.8M20202021: -$54.2M-$54.2M2021+16%2022: -$80.1M-$80.1M2022+48%
Net income567843-$30.1M in 2022+57526% since 2016
-$80.0M-$60.0M-$40.0M-$20.0M02016: -$52.2K-$52.2K20162017: -$60.8K-$60.8K2017+17%2018: -$55.9K-$55.9K2018−8%2019: -$51.3K-$51.3K2019−8%2020: -$53.2M-$53.2M2020+103497%2021: -$73.1M-$73.1M2021+38%2022: -$30.1M-$30.1M2022−59%
Fiscal year2016201720182019202020212022
Revenue$33.2M4$43.0M3$42.7M3
Cost of revenue$21.7M4$20.6M3$21.9M3
Gross profit$11.4M4$22.4M3$20.8M3
Research and development$9.8M4$10.7M3$13.1M3
Selling, general and admin$43.6K5$50.0K6$42.5K7$37.1K8$46.3K11$137.7K11
Operating expenses$76.7M3$100.9M3
Operating income-$46.8M4-$54.2M3-$80.1M3
Interest$8.6K5$10.8K6$13.9K7$14.3K8$4.1M4$3.2M3$6.4M3
Income before tax-$136.4M3-$28.3M3
Income tax$1.8M4$2.4M3$1.8M3
Net income-$52.2K5-$60.8K6-$55.9K7-$51.3K8-$53.2M4-$73.1M3-$30.1M3
Shares (weighted, basic)40.0M shares3131.8M shares3
Shares (weighted, diluted)40.0M shares3131.8M shares3

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Corporate structure

Appgate, 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 Appgate, Inc.

  • Appgate, Inc. Coral Gables, Florida

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Appgate, 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

ItemLatestA year beforeChange
Property and equipment, before depreciation$8.0M3 Dec 31, 2022$8.5M3 Dec 31, 2021−5.5%
Accumulated depreciation$6.4M3 Dec 31, 2022$6.3M3 Dec 31, 2021+0.5%
Property and equipment, net$1.6M3 Dec 31, 2022$2.1M3 Dec 31, 2021−23.5%
Operating-lease assets (leased space)$1.7M3 Dec 31, 2022$2.5M3 Dec 31, 2021−32.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$11.5M3 Dec 31, 2022$26.0M3 Dec 31, 2021−55.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$71.6M3 Dec 31, 2022$71.6M3 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$26.4M3 Dec 31, 2022$36.5M3 Dec 31, 2021−27.5%
Finite-lived intangibles, gross$82.4M3 Dec 31, 2022$87.8M3 Dec 31, 2021−6.2%
Accumulated amortization$55.9M3 Dec 31, 2022$51.3M3 Dec 31, 2021+9.0%
Finite-lived intangibles, net$26.4M3 Dec 31, 2022$36.5M3 Dec 31, 2021−27.5%

Leadership

Who has led Appgate, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Barry Field2021–2022
  2. Leo Taddeo2023

President

  1. Arnold P. Kling2007
  2. Jawahar Sivasankaran2021–2022
  3. Leo Taddeo2023

Chief financial officer

  1. Kirk M. Warshaw2007–2013

Chief operating officer

  1. Jawahar Sivasankaran2021–2022
2010201520202025
Board members and other officers (8)

Former names

  • NEWTOWN LANE MARKETING INCFeb 8, 2006 to Oct 7, 20212

Timeline

  1. Jul 3, 20248-K Ended a material agreement; Bankruptcy or receivership; Change to shareholders' rights23
  2. Jun 24, 20248-K Bankruptcy or receivership; Change to shareholders' rights; Executive or director change24
  3. May 6, 20248-K Entered a material agreement; Bankruptcy or receivership; New debt or obligation25
  4. Apr 24, 20248-K New debt or obligation; Unregistered sale of shares26
  5. Mar 28, 20248-K New debt or obligation; Unregistered sale of shares27
  6. Jan 18, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares28
  7. Nov 14, 20238-K Regulation FD disclosure29
  8. Oct 31, 20238-K New debt or obligation; Unregistered sale of shares30
  9. Oct 20, 20238-K New debt or obligation; Unregistered sale of shares31
  10. Oct 17, 20238-K New debt or obligation; Unregistered sale of shares32
  11. Sep 22, 20238-K New debt or obligation; Unregistered sale of shares33
  12. Aug 31, 20238-K Regulation FD disclosure34
  13. Jan 9, 2023New chief executive Leo Taddeo becomes CEO13
  14. Oct 20, 2021New chief executive Barry Field becomes CEO14

Calendar

When it reported results

  1. Aug 11, 2022Reported quarterly or annual results35
  2. May 11, 2022Reported quarterly or annual results36
  3. Mar 30, 2022Reported quarterly or annual results37
  4. Nov 10, 2021Reported quarterly or annual results38

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

83 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 31 major events, 25 insider forms, 7 large holders, 8 other. The latest 20:

  1. Jul 3, 202415-12G EDGAR
  2. Jul 3, 20248-K EDGAR
  3. Jul 3, 2024SC 13D/A EDGAR
  4. Jun 24, 20248-K EDGAR
  5. May 7, 2024SC 13D/A EDGAR
  6. May 6, 20248-K EDGAR
  7. Apr 25, 2024SC 13D/A EDGAR
  8. Apr 24, 20248-K EDGAR
  9. Apr 1, 2024NT 10-K EDGAR
  10. Mar 28, 20248-K EDGAR
  11. Feb 14, 2024SC 13D EDGAR
  12. Jan 18, 20248-K EDGAR
  13. Nov 14, 202310-Q EDGAR
  14. Nov 14, 20238-K EDGAR
  15. Oct 31, 20238-K EDGAR
  16. Oct 20, 20238-K EDGAR
  17. Oct 17, 20238-K EDGAR
  18. Sep 22, 20238-K EDGAR
  19. Aug 31, 202310-Q EDGAR
  20. Aug 31, 20238-K EDGAR

The 83 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.

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.

SEC filer profile

How Appgate, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAppgate, Inc.1
  • CIK0001353538
  • Employer ID (EIN)20-35472311
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address2 Alhambra Plaza, Suite Ph-1-B, Coral Gables, FL 331341
  • Phone866-524-47821
  • Shares outstanding131,793,660 as of Nov 10, 202310
  • Public float$40.1M as of Jun 30, 20223
  • On EDGAR sinceFeb 8, 20061
  • Filings205 in all: 10-Q (47), 8-K (46), 4 (25), 10-K (15), 3 (15), NT 10-Q (6), 10QSB (5), SC 13D (5)1
    All 34 form types

    NT 10-K (4), DEF 14C (3), SB-2/A (3), SC 13D/A (3), 10-Q/A (2), 10KSB (2), EFFECT (2), POS AM (2), PRE 14C (2), UPLOAD (2), 10-K/A (1), 10KSB/A (1), 15-12G (1), 8-A12G (1), 8-K/A (1), CORRESP (1), DEFA14A (1), REGDEX (1), S-1 (1), S-1/A (1), S-8 (1), SB-2 (1), SC 13G (1), SC 13G/A (1), SC 14F1 (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2023
    Quarterly report (10-Q) Nov 14, 2023
    Latest 8-K (8-K) Jul 3, 2024

Sources

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