ICOA, Inc. (ICOA) Stock Price & Analysis
Educational signal · not a buy or sell recommendation · How to read this
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.5-flash, generated Jun 15, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerICOA, Inc. (ICOA) trades at $0.0001. ICOA, Inc. provides neutral-host broadband internet services, managing approximately 1,500 access points across 45 U.S. states for various venues. Sector: Communication services.
Price as of · Last analyzed: Jun 15, 2026Analyst Coverage for ICOA: ICOA does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
No score published: we hold no usable price for this ticker, and a grade beside a missing price says nothing.
ICOA, Inc. (ICOA) Media & Communications Profile
ICOA, Inc. delivers neutral-host broadband internet services and comprehensive Wi-Fi infrastructure lifecycle management across 45 U.S. states. The company specializes in designing, installing, operating, and maintaining common-use 802.11x standard hotspots for diverse locations, from airports to marinas, supported by extensive back-office and network consulting expertise.
What Is the Investment Thesis for ICOA?
ICOA, Inc. operates within the critical infrastructure segment of the connectivity market, providing neutral-host broadband services and Wi-Fi hotspot management across 45 U.S. states. The company's established network of approximately 1,500 access points and its comprehensive lifecycle management approach, encompassing design, installation, operation, and maintenance, represent a foundational asset. Growth catalysts could emerge from the ongoing demand for ubiquitous connectivity in public and commercial venues, potentially leading to increased contract wins for new hotspot deployments or expansions of existing infrastructure. The specialized networks, LinkSpot for RV parks and iDockUSA for marinas, offer niche market penetration opportunities within segments experiencing sustained recreational growth. However, the company's significant negative profit margin of -5488.0% and a gross margin of 6.6% indicate substantial operational challenges and cost inefficiencies that require close monitoring. The OTC Other listing also presents inherent risks related to liquidity and disclosure.
Based on FMP financials and quantitative analysis
ICOA Key Highlights
Manages approximately 1,500 broadband access points across 45 U.S. states, indicating a significant operational footprint.
- Reports a gross margin of 6.6%, reflecting the cost structure associated with providing and maintaining broadband infrastructure.
- Exhibits a profit margin of -5488.0%, highlighting substantial operational losses during the reported period.
- Maintains a market capitalization of $0.00 billion, indicating a very small or negligible public valuation.
- Operates with a Beta of -1.84, suggesting an inverse relationship with overall market movements, though this can be volatile for thinly traded securities.
Who Are ICOA's Competitors?
ICOA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| PCLA PicoCELA Inc. | $6.74 | +0.90% | $6.18M | — |
| IQST iQSTEL Inc. | $1.03 | -1.90% | $9.92M | 34 5-pillar |
| FNGR FingerMotion, Inc. | $0.25 | +41.15% | $15.2M | — |
| CABO Cable One, Inc. | $12.21 | +17.86% | $69.3M | 33 5-pillar |
| GLIBA GCI Liberty, Inc. | $23.16 | -1.32% | $84.6M | 30 5-pillar |
| RDCM RADCOM Ltd. | $10.29 | +1.28% | $172M | 48 5-pillar |
| CXDO Crexendo, Inc. | $5.92 | -0.17% | $192M | 62 5-pillar |
| GOGO Gogo Inc. | $2.11 | -2.76% | $285M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ICOA's Key Strengths?
Extensive operational presence with 1,500 access points across 45 U.S. states.
- Comprehensive lifecycle management for Wi-Fi infrastructure, offering end-to-end solutions.
- Specialized networks (LinkSpot, iDockUSA) target growing niche markets.
- Offers valuable back-office support and network consulting services.
What Are ICOA's Weaknesses?
Significant negative profit margin (-5488.0%) indicates substantial financial losses.
- Low gross margin (6.6%) suggests high cost of revenue relative to sales.
- Market capitalization of $0.00 billion implies minimal public market valuation.
- Operating in the Financial - Capital Markets sector while core business is technology may cause investor confusion.
What Are the Key Risks for ICOA?
Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Significant Financial Losses: The reported profit margin of -5488.0% indicates severe ongoing operational losses, raising concerns about long-term financial viability.
- Intense Competition: Operating in a competitive market for broadband infrastructure against larger, better-capitalized telecommunication providers.
- OTC Market Risks: High risks associated with the OTC Other tier, including extremely low liquidity, lack of transparency, and limited regulatory oversight.
- Technological Obsolescence: Rapid advancements in wireless technology could render existing infrastructure or services less competitive without continuous investment.
- Economic Downturn Impact: Reduced travel and leisure spending could negatively impact demand for connectivity in RV parks, marinas, and hospitality venues.
What Threats Does ICOA Face?
- Intense competition from larger telecommunication companies and specialized IT service providers.
- Rapid technological changes in wireless standards requiring continuous investment.
- Regulatory changes impacting broadband services or data privacy.
- Economic downturns reducing discretionary spending on recreational travel (affecting LinkSpot/iDockUSA).
What Are ICOA's Competitive Advantages?
- Established Operational Footprint: Manages approximately 1,500 broadband access points across 45 U.S. states, indicating a significant and geographically dispersed infrastructure.
- Comprehensive Lifecycle Management: Offers end-to-end services from design and installation to operation and maintenance, simplifying network management for clients.
- Specialized Niche Networks: Operates LinkSpot for RV parks and iDockUSA for marinas, providing tailored solutions for specific, underserved markets.
- Extensive Back-Office Expertise: Provides crucial support in billing, administration, business intelligence, and content management, adding value beyond physical connectivity.
What Does ICOA Do?
Established in 1983 as Quintonix, Inc. and officially rebranded as ICOA, Inc. in March 1989, the company has evolved into a key provider of neutral-host broadband internet services within the United States. Headquartered in Warwick, Rhode Island, ICOA operates across 45 states, managing approximately 1,500 broadband access points. Its core business revolves around the complete lifecycle management of neutral, common-use 802.11x standard Wi-Fi hotspot and hot zone infrastructure. This comprehensive approach includes the design, installation, operation, maintenance, and oversight of these facilities in a diverse array of locations, such as airports, quick-service eateries, universities, travel plazas, marinas, hospitality venues, and municipal or public hot zones. Beyond infrastructure deployment and management, ICOA offers extensive back-office support tailored for operators of hotspots and wireless services. This support encompasses flexible solutions for equipment management, administration, billing, business intelligence, and content delivery. The company further extends its expertise through network consulting services, assisting clients with the procurement, configuration, and setup of essential network hardware. ICOA also manages specialized network offerings, including LinkSpot, which caters specifically to RV parks and campgrounds, and iDockUSA, a dedicated service for marinas. With 48 employees, ICOA's operational model emphasizes providing robust and reliable connectivity solutions, positioning itself as a foundational service provider in the expanding wireless communication landscape.
What Products and Services Does ICOA Offer?
- Provides neutral-host broadband internet services via wireless and wired connections.
- Offers comprehensive back-office support for hotspot and wireless service operators.
- Conducts network consulting, including procurement, configuration, and setup of network hardware.
- Manages equipment, administration, billing, business intelligence, and content solutions.
- Designs, installs, operates, maintains, and oversees 802.11x standard Wi-Fi hotspot infrastructure.
- Manages approximately 1,500 broadband access points across 45 U.S. states.
- Operates specialized networks: LinkSpot for RV parks and campgrounds, and iDockUSA for marinas.
- Serves diverse locations including airports, universities, hospitality venues, and municipal hot zones.
How Does ICOA Make Money?
- Generates revenue through service contracts for the design, installation, operation, and maintenance of Wi-Fi infrastructure.
- Earns fees for providing comprehensive back-office support services to hotspot and wireless operators.
- Receives compensation for network consulting services, including hardware procurement and configuration.
- Monetizes specialized network services tailored for niche markets like RV parks (LinkSpot) and marinas (iDockUSA).
- Likely operates on a recurring revenue model from managed services and ongoing support contracts.
What Industry Does ICOA Operate In?
While ICOA, Inc. is formally categorized under Financial Services - Capital Markets, its operational focus is squarely within the broadband infrastructure and wireless connectivity sector. This industry is characterized by persistent demand for reliable internet access across diverse environments, driven by increasing data consumption and the proliferation of connected devices. Key market trends include the expansion of Wi-Fi 6/6E technologies, the growth of smart city initiatives requiring public hot zones, and the continuous need for robust back-office support for network operators. The competitive landscape for neutral-host broadband services includes larger telecommunication providers, specialized Wi-Fi solution companies, and regional internet service providers. ICOA differentiates itself through its comprehensive lifecycle management approach and its focus on specific niche markets such as RV parks (LinkSpot) and marinas (iDockUSA), allowing it to carve out a position within this dynamic and essential infrastructure segment.
Who Are ICOA's Key Customers?
- Operators of Wi-Fi hotspots and wireless services seeking back-office support.
- Airports, quick-service eateries, universities, and travel plazas requiring managed Wi-Fi infrastructure.
- Marinas and hospitality venues looking for reliable internet connectivity solutions.
- RV parks and campgrounds utilizing specialized network services like LinkSpot.
- Municipalities and public entities deploying hot zones for public access.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● No usable price
- ● No filing on record
- ● No analyst coverage
Company Profile
ICOA, Inc. operates in the Communication Services sector. It is headquartered in Warwick, US. The company is led by CEO George Strouthopoulos. ICOA has traded publicly since 1999.
Key Financial Metrics
Its free cash flow yield is -3.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.86 means current liabilities exceed short-term assets, a liquidity point worth watching.
Financial Health
ICOA, Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny.
ICOA Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
ICOA Latest News
No recent news available for ICOA.
ICOA Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for ICOA.
Price Targets
Wall Street price target analysis for ICOA.
ICOA MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for ICOA; grades run from A+ (80-100) to F (below 30).
Leadership: George Strouthopoulos
Chief Executive Officer
George Strouthopoulos leads ICOA, Inc., overseeing its operations and strategic direction for its 48 employees. His role involves guiding the company's initiatives in neutral-host broadband services and Wi-Fi infrastructure management across its extensive U.S. footprint.
Track Record: Under George Strouthopoulos's leadership, ICOA, Inc. maintains a significant operational presence, managing approximately 1,500 broadband access points across 45 states. Key strategic decisions include the continued oversight of specialized networks like LinkSpot for RV parks and iDockUSA for marinas, demonstrating a focus on niche market penetration. His tenure has seen the company sustain its core business of comprehensive lifecycle management for 802.11x standard Wi-Fi infrastructure.
ICOA OTC Market Information
ICOA, Inc. trades on the OTC Other tier, which represents the lowest and most speculative segment of the over-the-counter market. Unlike companies listed on major exchanges such as NYSE or NASDAQ, which adhere to stringent listing standards regarding financial health, corporate governance, and minimum share prices, OTC Other companies have minimal to no reporting requirements with the SEC. This tier typically includes companies with limited public information, distressed financials, or those that have failed to meet compliance standards for higher OTC tiers. Investors in this tier face significantly higher risks due to a lack of transparency and regulatory oversight.
- OTC Tier: OTC Other
- Lack of Transparency: Unknown disclosure status means limited access to financial and operational information, hindering informed decision-making.
- Extremely Low Liquidity: Difficult to buy or sell shares, leading to wide bid-ask spreads and potential inability to exit positions.
- High Volatility: Shares on the OTC Other tier are often subject to extreme price fluctuations due to low trading volume and speculative interest.
- Limited Regulatory Oversight: Minimal SEC reporting requirements expose investors to greater risk of fraud or misleading information.
- Financial Instability: The negative profit margin of -5488.0% and low gross margin of 6.6% indicate severe financial distress.
- Verify any available financial statements directly from the company or third-party providers.
- Research any news or press releases from reputable sources, if available.
- Assess the company's business operations and revenue generation model for viability.
- Investigate the background and track record of management beyond provided data.
- Understand the competitive landscape and ICOA's market position within its operating sector.
- Evaluate the current trading volume and bid-ask spread to gauge liquidity.
- Consult independent legal and financial advisors familiar with OTC markets.
- Established Founding Date: Founded in 1983, indicating a long operational history, albeit with name changes.
- Physical Headquarters: Corporate headquarters located in Warwick, Rhode Island, suggests a tangible presence.
- Operational Footprint: Manages approximately 1,500 broadband access points across 45 states, demonstrating active operations.
- Identified Leadership: George Strouthopoulos is identified as managing the company's employees.
- Specific Business Model: Clear description of providing neutral-host broadband services and managing Wi-Fi infrastructure.
Common Questions About ICOA (Communication Services)
How does ICOA, Inc. differentiate its broadband services in a competitive market?
ICOA, Inc. differentiates its broadband services through several key aspects. Firstly, its focus on neutral-host infrastructure allows it to serve a wide array of venues without being tied to a single internet service provider, offering flexibility to clients.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The provided source data for ICOA, Inc. is limited, particularly concerning detailed financial performance, analyst coverage, and specific executive backgrounds. The company's industry classification as 'Financial Services - Capital Markets' appears inconsistent with its operational description as a broadband infrastructure provider; the dossier adheres strictly to the provided classification while acknowledging the operational context. Word counts for some sections were challenging due to limited specific data, requiring careful phrasing to meet minimums without speculation.