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ePlus (PLUS)

ePlus is a leading consultative technology solutions provider that helps customers imagine, implement, and achieve more from their technology. With the highest certifications from top technology partners and lifecycle services expertise across key areas including security, cloud, data center, collaboration, networking and emerging technologies, ePlus transforms IT from a cost center to a business enabler. Founded in 1990, ePlus has more than 1,400 associates serving a diverse set of customers in the U.S., Europe, and Asia-Pac. The Company is headquartered at 13595 Dulles Technology Drive, Herndon, VA, 20171.

Company profile

Ticker
PLUS
Exchange
Website
CEO
Mark Marron
Employees
Incorporated
Location
Fiscal year end
Former names
MLC HOLDINGS INC
SEC CIK
Subsidiaries
ePlus Technology Canada, inc. • ePlus Canada Company ...
IRS number
541817218

PLUS stock data

Calendar

3 Aug 22
18 Aug 22
31 Mar 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 83.49M 83.49M 83.49M 83.49M 83.49M 83.49M
Cash burn (monthly) 23.96M 862.67K (no burn) (no burn) 34.31M 4.86M
Cash used (since last report) 39.5M 1.42M n/a n/a 56.57M 8.02M
Cash remaining 43.98M 82.07M n/a n/a 26.92M 75.47M
Runway (months of cash) 1.8 95.1 n/a n/a 0.8 15.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 Bowen Bruce M Common Stock Grant Acquire A No No 0 408 0 4,278
1 Jul 22 Hovde Eric D Common Stock Grant Acquire A No No 0 408 0 52,348
16 Jun 22 Marion Elaine D Common Stock Payment of exercise Dispose F No No 56.75 4,390 249.13K 67,984
16 Jun 22 Marron Mark P Common Stock Payment of exercise Dispose F No No 56.75 7,526 427.1K 111,790
16 Jun 22 Raiguel Darren S Common Stock Payment of exercise Dispose F No No 56.75 4,390 249.13K 67,984
15 Jun 22 Marion Elaine D Common Stock Payment of exercise Dispose F No No 55.51 2,636 146.32K 72,374
15 Jun 22 Marron Mark P Common Stock Payment of exercise Dispose F No No 55.51 6,313 350.43K 119,316
15 Jun 22 Raiguel Darren S Common Stock Payment of exercise Dispose F No No 55.51 2,636 146.32K 72,374
93.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 179 181 -1.1%
Opened positions 21 16 +31.3%
Closed positions 23 17 +35.3%
Increased positions 54 73 -26.0%
Reduced positions 76 62 +22.6%
13F shares Current Prev Q Change
Total value 1.34B 1.4B -4.3%
Total shares 25.24M 24.98M +1.0%
Total puts 0 0
Total calls 600 4.3K -86.0%
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 5.06M $268.92M -1.6%
Vanguard 2.02M $107.37M +2.2%
River Road Asset Management 1.85M $98.28M -2.1%
Dimensional Fund Advisors 1.4M $74.23M +0.1%
Geneva Capital Management 1.32M $70.29M +13.7%
STT State Street 992.24K $52.71M +0.1%
Wellington Management 957.05K $50.84M +80.0%
AltraVue Capital 816.64K $43.38M -0.3%
WCM Investment Management 792.27K $41.86M -22.8%
Atlanta Capital Management Co L L C 643.85K $34.2M -4.8%
Largest transactions Shares Bought/sold Change
Wellington Management 957.05K +425.39K +80.0%
WCM Investment Management 792.27K -234.44K -22.8%
WFC Wells Fargo & Co. 248.76K +208.46K +517.3%
Geneva Capital Management 1.32M +159.36K +13.7%
Capital Research Global Investors 454.9K +150.1K +49.2%
GS Goldman Sachs 256.98K +136.39K +113.1%
Parametric Portfolio Associates 0 -100.3K EXIT
MS Morgan Stanley 208.44K +93.77K +81.8%
BLK Blackrock 5.06M -79.82K -1.6%
IVZ Invesco 286.82K +77.88K +37.3%

Financial report summary

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Management Discussion
  • Net sales: Net sales for the year ended March 31, 2022, increased by $225.1 million, or 14.9%, to $1,733.0 million due to an increase in net sales to our customers in telecom, media and entertainment, healthcare, and smaller other categories of customers, which were offset by a decrease in net sales to customers in the financial services sector. Product sales increased 14.3%, or $186.6 million, to $1,492.4 million and services revenues increased 19.0%, or $38.5 million, to $240.6 million due to an increase in professional services for the year ended March 31, 2022, as compared to the prior year.
  • Adjusted gross billings increased to $2,620.6 million, or 15.8%, from $2,263.9 million in the prior year. The increase in Adjusted gross billings was due to an increase in organic demand from our customers in the telecom, media and entertainment, healthcare, and smaller other categories of customers, and our acquisition of Systems Management and Planning, Inc. (“SMP”) in December 2020.
  • We analyze sales by customer end market and by manufacturer. The percentage of net sales by customer end market and by vendor are summarized below:

Content analysis

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Readability
H.S. sophomore Good
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