Loading...
Docoh

Volt Information Sciences (VOLT)

Volt Information Sciences, Inc. is a global provider of staffing services (traditional time and materials-based as well as project-based). Its staffing services consist of workforce solutions that include providing contingent workers, personnel recruitment services and managed staffing services programs supporting primarily administrative, technical, information technology, light-industrial and engineering positions. Its managed staffing programs involve managing the procurement and on-boarding of contingent workers from multiple providers. Volt services global industries including aerospace, automotive, banking and finance, consumer electronics, information technology, insurance, life sciences, manufacturing, media and entertainment, pharmaceutical, software, telecommunications, transportation and utilities.

Company profile

Ticker
VOLT
Exchange
Website
CEO
Linda Perneau
Employees
Incorporated
Location
Fiscal year end
Former names
VOLT INFORMATION SCIENCES INC
SEC CIK
Subsidiaries
Arctern Consulting Private Limited • Arctern, Inc. • Nuco I, Ltd. • P/S Partner Solutions, Ltd. • Volt Consulting MSP Canada Ltd. • VMC Consulting Europe Limited • VMC Services India Private Limited • Volt Asia Enterprises (Malaysia) Sdn. Bhd. • Volt Asia Enterprises, Ltd. • Volt Consulting Group, Ltd. ...
IRS number
135658129

VOLT stock data

Calendar

15 Mar 22
9 Aug 22
31 Dec 22
Quarter (USD) Jan 22 Oct 21 Aug 21 May 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Nov 20 Nov 19 Oct 18
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) 63.44M 63.44M 63.44M 63.44M 63.44M 63.44M
Cash burn (monthly) 4.39M (no burn) 355.33K (no burn) 3.97M (no burn)
Cash used (since last report) 27.83M n/a 2.25M n/a 25.18M n/a
Cash remaining 35.61M n/a 61.19M n/a 38.26M n/a
Runway (months of cash) 8.1 n/a 172.2 n/a 9.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Apr 22 Craig R Lewis RSU Common Stock Sale back to company Dispose D No No 0 31,646 0 0
25 Apr 22 Brown Celia RSU Common Stock Sale back to company Dispose D No No 0 21,480 0 0
25 Apr 22 Goodman Bruce G RSU Common Stock Sale back to company Dispose D No No 0 21,480 0 0
25 Apr 22 Grubbs William J RSU Common Stock Sale back to company Dispose D No No 0 21,480 0 0
25 Apr 22 Avedissian Nancy T Stock Option Common Stock Sale back to company Dispose D No No 1.65 59,725 98.55K 0
25 Apr 22 Avedissian Nancy T RSU Common Stock Sale back to company Dispose D No No 0 106,918 0 0
25 Apr 22 Avedissian Nancy T Performance Unit Common Stock Sale back to company Dispose D No No 0 46,779 0 0
25 Apr 22 Avedissian Nancy T Performance Unit Common Stock Grant Acquire A No No 0 46,779 0 0
25 Apr 22 Avedissian Nancy T Performance Unit Common Stock Sale back to company Dispose D No No 0 5,029 0 0
25 Apr 22 Avedissian Nancy T Performance Unit Common Stock Grant Acquire A No No 0 5,029 0 0
36.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 40 32 +25.0%
Opened positions 16 1 +1500.0%
Closed positions 8 5 +60.0%
Increased positions 9 5 +80.0%
Reduced positions 9 18 -50.0%
13F shares Current Prev Q Change
Total value 48.22M 14.36M +235.8%
Total shares 8.06M 4.94M +63.4%
Total puts 0 41.6K EXIT
Total calls 35.2K 67.1K -47.5%
Total put/call ratio 0.6
Largest owners Shares Value Change
Beryl Capital Management 1.87M $11.19M NEW
Gardner Lewis Asset Management L P 887.18K $5.31M NEW
Renaissance Technologies 843.87K $5.05M +9.3%
Vanguard 663.04K $3.97M 0.0%
Dimensional Fund Advisors 615.47K $3.68M -1.3%
Prelude Capital Management 519.43K $3.11M NEW
RBF Capital 304.79K $1.83M -4.3%
Ergoteles 263.01K $1.57M NEW
Bridgeway Capital Management 248.3K $1.49M -11.4%
Minerva Advisors 232.19K $1.39M +11.0%
Largest transactions Shares Bought/sold Change
Beryl Capital Management 1.87M +1.87M NEW
Gardner Lewis Asset Management L P 887.18K +887.18K NEW
Archon Capital Management 0 -800.33K EXIT
Prelude Capital Management 519.43K +519.43K NEW
Ergoteles 263.01K +263.01K NEW
MNGPF Man 200K +200K NEW
Vazirani Asset Management 200K +200K NEW
Millennium Management 173.65K +173.65K NEW
Fortis Capital Management 0 -153.28K EXIT
Gabelli Funds 139.7K +139.7K NEW

Financial report summary

?
Risks
  • Our business, results of operations and financial condition has been and may continue to be adversely impacted by global public health epidemics, including the strain of coronavirus known as COVID-19, and future adverse impacts could be material and difficult to predict
  • Our credit facility contains financial covenants that may limit our ability to take certain actions
  • Turmoil in the financial markets could limit our ability to fully utilize available credit, which could negatively affect our operations and limit our liquidity
  • Our ability to retain acceptable insurance coverage limits at commercially reasonable cost and terms may adversely impact our financial results
  • The loss of major customers could adversely impact our business
  • 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
  • Unexpected changes in workers’ compensation and other insurance plans may negatively impact our financial condition
  • Many of our contracts provide no minimum purchase requirements, are cancellable during the term, or both
  • 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 rely extensively on our information technology systems which are vulnerable to damage and interruption
  • Our stock price has experienced volatility 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 may be able to exercise significant influence over Volt
  • Our business could be negatively affected as a result of a potential proxy contest for the election of directors at our annual meeting or other shareholder activism
  • New York State law, our Articles of Incorporation and By-laws contain provisions that could make corporate ownership changes at Volt more difficult
  • The contingent staffing industry is very competitive with few significant barriers to entry
  • We are dependent upon the quality of our human capital
  • We are subject to employment–related claims and losses, including class action lawsuits, which could have a material adverse effect on our 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.”) may continue to have uncertain effects and could adversely impact our business, results of operations and financial condition
  • New or increased government regulation, employment costs or taxes could have a material adverse effect on our business, especially for our contingent staffing business

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: absence, accurately, acquire, acquired, ACS, actuarial, affiliate, analogy, assume, automobile, behavior, billing, carbon, certainty, claim, codified, commence, Committee, commuting, composed, consumption, correct, dedicated, deductible, detail, ecological, energy, environmental, ERTC, ESG, expenditure, face, final, found, fulfillment, furniture, Herbert, Human, importance, independent, intraperiod, longer, mandated, manufacture, maximize, mentioned, merger, method, Mueller, Nominating, notably, notice, October, oversight, Paul, printing, produce, prospectively, quickly, recycling, reduction, relieve, retrospectively, role, ROU, scope, seek, settled, shift, short, shown, simplification, situation, size, slight, slightly, small, steadily, Subsequent, suspected, suspended, temporarily, tender, ultimate, unable, unethical, unexpected, unfavorable, Vega, virtual, waste
Removed: accommodate, actively, added, analyzed, attaining, August, Bangalore, capitalized, Chairman, comply, consisting, consolidation, declared, Deleveraging, deteriorated, diligently, disciplined, discontinued, distancing, downscaling, EEO, efficiently, eliminated, extenuating, Facilitation, forecast, forward, Framework, generation, hedging, history, identified, impaired, India, infrastructure, initiative, insufficient, leased, leasehold, leverage, leveraged, lieu, lower, lowering, Maintaining, measurement, met, modified, offshore, optimize, optional, outlined, outlook, outpaced, partner, Party, pattern, planned, Plant, President, prioritized, priority, profitable, projection, pursue, rapidly, recoverable, reform, Reinvesting, reinvestment, requiring, restated, review, reviewed, sale, secondary, senior, sequentially, shareholder, strategically, undertaken, undiscounted, unprecedented, vested, volume, William