Company profile

Ticker
VOLT
Exchange
Website
CEO
Linda Perneau
Employees
Incorporated in
Location
Fiscal year end
Former names
Volt Information Sciences Inc
SEC CIK
IRS number
135658129

VOLT stock data

(
)

Calendar

17 Jun 20
7 Jul 20
1 Nov 20

News

Company financial data Financial data

Quarter (USD) May 20 Feb 20 Nov 19 Jul 19
Revenue 207.28M 217.77M 258.41M 233.18M
Net income -5.43M -10.81M -749K -6.06M
Diluted EPS -0.25 -0.5 -0.04 -0.29
Net profit margin -2.62% -4.96% -0.29% -2.60%
Operating income -4.36M -9.33M 933K -4.84M
Net change in cash -4.65M 2.2M -7.36M -3.66M
Cash on hand 26.22M 30.88M 28.67M 36.03M
Cost of revenue 175.04M 186.34M 215.45M 197.53M
Annual (USD) Nov 19 Oct 18 Oct 17 Oct 16
Revenue 997.09M 1.04B 1.19B 1.33B
Net income -15.19M -32.69M 27.13M -14.57M
Diluted EPS -0.72 -1.55 1.29 -0.7
Net profit margin -1.52% -3.15% 2.27% -1.09%
Operating income -9.83M -28.41M 39.16M -5.89M
Net change in cash 3.91M -12.31M 30.69M -3.8M
Cash on hand 28.67M 24.76M 37.08M 6.39M
Cost of revenue 844.53M 885.49M 1.01B 1.13B

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
6 Jul 20 Ursaner Arnold Common Stock Buy Aquire P No 1.17 2,070 2.42K 102,251
6 Jul 20 Brown Celia Common Stock Buy Aquire P No 1.12 13,635 15.27K 47,635
6 Jul 20 Grubbs William J Common Stock Buy Aquire P No 1.15 10,000 11.5K 174,576
29 Jun 20 Grubbs William J Common Stock Buy Aquire P No 1.28 20,000 25.6K 164,576
29 Jun 20 Ursaner Arnold Common Stock Buy Aquire P No 1.28 1,863 2.38K 100,181
26 Jun 20 Ursaner Arnold Common Stock Buy Aquire P No 1.29 2,249 2.9K 98,318
36.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 28 32 -12.5%
Opened positions 2 2
Closed positions 6 3 +100.0%
Increased positions 6 6
Reduced positions 11 13 -15.4%
13F shares
Current Prev Q Change
Total value 6.26M 20.12M -68.9%
Total shares 7.73M 8.11M -4.7%
Total puts 15K 10K +50.0%
Total calls 0 12.4K EXIT
Total put/call ratio Infinity 0.8 +Infinity%
Largest owners
Shares Value Change
Fortis Capital Management 1.9M $1.54M -9.7%
Dimensional Fund Advisors 1.14M $921K 0.0%
Punch & Associates Investment Management 920.13K $745K 0.0%
Archon Capital Management 721.08K $584K 0.0%
Vanguard 678.33K $549K 0.0%
First Wilshire Securities Management 424.89K $344K -12.5%
Renaissance Technologies 415.7K $337K +5.6%
RBF Capital 296.76K $240K -11.7%
Bridgeway Capital Management 283.29K $229K +24.8%
PEAK6 Investments 258.04K $209K -5.8%
Largest transactions
Shares Bought/sold Change
Fortis Capital Management 1.9M -203.48K -9.7%
Caption Management 170.01K -144.91K -46.0%
Minerva Advisors 131.29K +112.63K +603.5%
First Wilshire Securities Management 424.89K -60.72K -12.5%
Bridgeway Capital Management 283.29K +56.3K +24.8%
ARS Investment Partners 83.29K -45.05K -35.1%
RBF Capital 296.76K -39.25K -11.7%
Arrowstreet Capital, Limited Partnership 0 -31.54K EXIT
Merriman Wealth Management 27.69K +27.69K NEW
Athena Capital Advisors 0 -24.36K EXIT

Financial report summary

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Risks
  • The contingent staffing industry is very competitive with few significant barriers to entry
  • Our business is adversely affected by weak economic and other business conditions
  • Our credit facility contains financial covenants that may limit our ability to take certain actions
  • The inability to renew our credit facility could negatively affect our operations and limit our liquidity
  • We may not be able to execute successfully on our business strategies or achieve the intended results
  • We could incur liabilities or our reputation could be damaged from a cyber-attack or improper disclosure or loss of sensitive or confidential company, employee, associate, candidate or client data, including personal data
  • We are subject to employment–related claims, commercial indemnification claims and other claims and losses that could have a material adverse effect on our business
  • Costs related to litigation, legal proceedings and investigations could adversely impact our financial condition
  • The loss of major customers could adversely impact our business
  • New or increased government regulation, employment costs or taxes could have a material adverse effect on our business, especially for our contingent staffing business
  • Our operational results could be negatively impacted by currency fluctuations and other global business risks and regulations
  • The United Kingdom’s (“U.K.”) referendum to exit from the European Union (“E.U.”) will continue to have uncertain effects and could adversely impact our business, results of operations and financial condition
  • Fluctuations in interest rates and turmoil in the financial markets could increase our cost of borrowing and impede access to or increase the cost of financing our operations
  • Many of our contracts provide no minimum purchase requirements, are cancellable during the term, or both
  • Our results of operations and ability to grow may be negatively affected if we are not able to keep pace with rapid changes in technology
  • We rely extensively on our information technology systems which are vulnerable to damage and interruption
  • We are dependent upon the quality of our personnel
  • Changes in sentiment toward the staffing industry could affect the marketplace for our services
  • Our ability to retain acceptable insurance coverage limits at commercially reasonable cost and terms may adversely impact our financial results
  • Unexpected changes in workers’ compensation and other insurance plans may negatively impact our financial condition
  • Decline in our operating results could lead to impairment charges relating to our goodwill and long-lived assets
  • Our stock price could be volatile and, as a result, investors may not be able to resell their shares at or above the price they paid for them
  • Certain shareholders, whose interests may differ from those of other shareholders, own a significant percentage of our common stock and are able to exercise significant influence over Volt
  • New York State law and our Articles of Incorporation and By-laws contain provisions that could make corporate ownership changes at Volt more difficult
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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