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NOVC Novation Companies

Novus Capital Corp. operates as a blank check company. It seeks to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. The company was founded on March 5, 2020 and is headquartered in Indianapolis, IN.

Company profile

Ticker
NOVC
Exchange
CEO
Larry M. Paulson
Employees
Incorporated
Location
Fiscal year end
Former names
NOVASTAR FINANCIAL INC
SEC CIK
IRS number
742830661

NOVC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 May 21
29 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.01M 1.01M 1.01M 1.01M 1.01M 1.01M
Cash burn (monthly) 109.67K 48.17K 459K 767.92K 109.67K 47.83K
Cash used (since last report) 434.32K 190.76K 1.82M 3.04M 434.32K 189.44K
Cash remaining 576.68K 820.24K -806.82K -2.03M 576.68K 821.56K
Runway (months of cash) 5.3 17.0 -1.8 -2.6 5.3 17.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Jun 21 Keddie Lee D Common Stock Sell Dispose S No No 0.0402 182,833 7.35K 850,000
19 May 21 Keddie Lee D Common Stock Sell Dispose S No No 0.0457 191,000 8.73K 1,032,833
18 May 21 Keddie Lee D Common Stock Sell Dispose S No No 0.0509 109,500 5.57K 1,223,833
11 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.042 794,043 33.35K 2,000,000
10 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.0467 1,263,078 58.99K 2,794,043
10 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.0411 205,957 8.46K 4,057,121
9 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.0707 210,290 14.87K 4,263,078
8 Mar 21 Amster Howard Common Stock Sell Dispose S No No 0.0773 250,000 19.33K 250,000
8 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.0773 526,632 40.71K 4,473,368

Financial report summary

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Competition
Kelly Services
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: diluted, dilutive, excluded, prepayment, test, travel, utilized, worker
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