Company profile

Harsha Vardhan Agadi
Incorporated in
Fiscal year end
IRS number

CRD-A stock data



5 May 20
3 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 246.05M 257.56M 265.84M 267.85M
Net income -13.16M -9.56M 10.69M 2.62M
Diluted EPS
Net profit margin -5.35% -3.71% 4.02% 0.98%
Net change in cash 31.31M 5.7M 6.95M -10.52M
Cash on hand 83.11M 51.8M 46.1M 39.15M
Cost of revenue 186.12M 187.66M 192.01M 185.89M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.05B 1.12B 1.16B 1.18B
Net income 9.53M 25.59M 27.22M 37.68M
Diluted EPS
Net profit margin 0.91% 2.28% 2.34% 3.20%
Operating income 84.12M
Net change in cash -1.32M -892K -27.56M 5.5M
Cash on hand 51.8M 53.12M 54.01M 81.57M
Cost of revenue 752.77M 808.01M 841.99M 856.68M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
15 Jun 20 Swain William B JR Class B Common Stock Buy Aquire P 7 1,000 7K 1,000
15 Jun 20 Agadi Harshavardhan V Class B Common Stock Buy Aquire P 6.9779 171 1.19K 31,036
12 Jun 20 Agadi Harshavardhan V Class B Common Stock Buy Aquire P 6.57 6,011 39.49K 30,865
11 Jun 20 Agadi Harshavardhan V Class B Common Stock Buy Aquire P 6.442 11,000 70.86K 24,854
13F holders
Current Prev Q Change
Total holders 84 87 -3.4%
Opened positions 9 8 +12.5%
Closed positions 12 13 -7.7%
Increased positions 25 30 -16.7%
Reduced positions 33 27 +22.2%
13F shares
Current Prev Q Change
Total value 179.04M 260.93M -31.4%
Total shares 20.32M 20.72M -1.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Paradice Investment Management 4.34M $30.16M 0.0%
TFC Truist Financial 2.57M $17.75M +0.2%
Dimensional Fund Advisors 1.94M $13.3M +0.1%
Renaissance Technologies 1.49M $10.07M +1.3%
BLK BlackRock 1.37M $9.5M +0.1%
Vanguard 1.26M $8.54M -0.1%
WFC Wells Fargo & Co. 745.51K $5.37M -0.4%
Kennedy Capital Management 723.8K $5.07M +38.4%
Rutabaga Capital Management 705.7K $4.85M +9.1%
First Wilshire Securities Management 596.88K $4.2M +4.2%
Largest transactions
Shares Bought/sold Change
Intrepid Capital Management 176.9K -311.84K -63.8%
Kennedy Capital Management 723.8K +200.87K +38.4%
Brandywine Global Investment Management 0 -131.31K EXIT
Essex Investment Management 0 -99.23K EXIT
Walthausen & Co. 113.39K -71.65K -38.7%
Wealthcare Advisory Partners 66.01K +66.01K NEW
Rutabaga Capital Management 705.7K +59.03K +9.1%
CSS 0 -54.14K EXIT
AMP Ameriprise Financial 527.24K +46.7K +9.7%
Prelude Capital Management 0 -43.74K EXIT

Financial report summary

  • In recent periods, we have derived a material amount of our revenues from a limited number of clients. If we are not able to retain these clients or replace these revenues, our financial condition and results of operations could be materially adversely affected.
  • We are subject to increased frequency and complexity of cybersecurity attacks. Our failure to effectively identify such attacks or quickly recover from such attacks could materially adversely affect our business, results of operations, and financial condition.
  • Increasing regulatory focus on privacy issues and expanding laws could impact our business models and expose us to increased liability.
  • We may not be able to develop or acquire necessary IT resources to support and grow our business, and disruptive technologies could impact the volume and pricing of our products. Our failure to address these risks could materially adversely affect our business, results of operations, and financial condition.
  • If we do not protect our proprietary information and technology resources and prevent third parties from making unauthorized use of our proprietary information, intellectual property, and technology, our financial results could be harmed.
  • We currently operate on multiple proprietary software platforms to support our service offerings and internal corporate systems. The failure or obsolescence of any of these platforms, if not remediated or replaced, could materially adversely affect our business, results of operations, and financial condition
  • A significant portion of our operations are international. These international operations subject us to political, legal, operational, exchange rate and other risks not generally present in U.S. operations, which could materially negatively affect those operations or our business as a whole.
  • We have operations in the United Kingdom ("U.K.") and the European Union that may be impacted by the U.K.'s departure from the EU, known as "Brexit". The uncertainty as to the outcome of Brexit after the transition period expires may negatively impact operations in this region or our business as a whole.
  • We currently, and from time to time in the future may, outsource a portion of our internal business functions to third-party providers. Outsourcing these functions has significant risks, and our failure to manage these risks successfully could materially adversely affect our business, results of operations, and financial condition.
  • We are, and may become, party to lawsuits or other claims or investigations that could adversely impact our business.
  • Our U.S. qualified defined benefit pension plan (the "U.S. Qualified Plan") is underfunded. Future funding requirements, including those imposed by any further regulatory changes, could restrict cash available for our operating, financing, and investing requirements.
  • We have debt covenants in our credit facility that require us to maintain compliance with certain financial ratios and other requirements. If we are not able to maintain compliance with these requirements, all of our outstanding debt could become immediately due and payable.
  • In recent periods we have incurred impairment charges that reduced the carrying value of our intangible assets and goodwill; in the future we may be required to incur additional impairment charges on a portion or all of the carrying value of our intangible assets and goodwill, which may adversely affect our financial condition and results of operations.
  • Control by a principal shareholder could adversely affect the Company and our other shareholders.
  • We operate in highly competitive markets and face intense competition from both established entities and new entrants into those markets. Potential consolidation in our industry can also create stronger competition. Our failure to compete effectively may adversely affect us.
  • We may not be able to recruit, train, and retain qualified personnel, including retaining a sufficient number of qualified and experienced on-call claims adjusters, to respond to catastrophic events that may, singularly or in combination, significantly increase our clients' needs for adjusters.
  • We compete for nurses and other case management professionals in the healthcare industry, which may increase our labor costs and reduce profitability.
  • We face challenges caused by our aging workforce and we may not be able to recruit, train, and retain adequate replacements for our qualified and skilled employees.
Management Discussion
  • Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
  • This report contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Statements contained in this report that are not statements of historical fact are forward-looking statements made pursuant to the "safe harbor" provisions thereof. These statements may relate to, among other things, our expected future operating results and financial condition, including the impact of COVID-19, our ability to grow our revenues and reduce our operating expenses, expectations regarding our anticipated contributions to our underfunded defined benefit pension plans, collectability of our billed and unbilled accounts receivable, financial results from our recently completed acquisitions, our continued compliance with the financial and other covenants contained in our financing agreements, and our other long-term capital resource and liquidity requirements. These statements may also relate to our business strategies, goals and expectations concerning our market position, future operations, margins, case and project volumes, profitability, contingencies, liquidity position, and capital resources. The words "anticipate", "believe", "could", "would", "should", "estimate", "expect", "intend", "may", "plan", "goal", "strategy", "predict", "project", "will" and similar terms and phrases, or the negatives thereof, identify forward-looking statements contained in this report.
  • Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Our operations and the forward-looking statements related to our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially adversely affect our financial condition and results of operations, and whether the forward-looking statements ultimately prove to be correct. Included among the risks and uncertainties we face are risks related to the following:
Content analysis ?
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