Company profile

Ticker
TREC
Exchange
Website
CEO
Patrick David Quarles
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Arabian American Development Co, Arabian Shield Development Co
SEC CIK
IRS number
751256622

TREC stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

13 Mar 20
30 Mar 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 61.72M 62.72M 69.37M 65.16M
Net income -19.71M 581K 2.4M 1.75M
Diluted EPS -0.8 0.02 0.1 0.07
Net profit margin -31.94% 0.93% 3.47% 2.69%
Operating income -21.91M 2.96M 4.28M 3.81M
Net change in cash -3.01M 4.83M -2.51M 98K
Cash on hand 6.15M 9.16M 4.33M 6.83M
Cost of revenue 53.41M 53.15M 58.81M 55.08M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 258.96M 287.93M 245.14M 212.4M
Net income -14.97M -2.33M 18.01M 19.43M
Diluted EPS -0.61 -0.1 0.72 0.78
Net profit margin -5.78% -0.81% 7.35% 9.15%
Operating income -10.86M 2.2M 18.28M 18.71M
Net change in cash -590K 3.71M -5.36M -10.23M
Cash on hand 6.15M 6.74M 3.03M 8.39M
Cost of revenue 220.44M 260.11M 203.58M 172.5M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
13 Mar 20 Janet Skogan Roemer Common stock Buy Aquire P 5.67 8,719 49.44K 19,000
13 Mar 20 Nicholas Carter Common stock Sell Dispose S 5.51 2,500 13.78K 493,590
12 Mar 20 Janet Skogan Roemer Common stock Buy Aquire P 4.78 10,281 49.14K 10,281
11 Mar 20 Tanner Joseph Michael Common stock Payment of exercise Dispose F 4.57 833 3.81K 4,587
11 Mar 20 Tanner Joseph Michael Common stock Option exercise Aquire M 0 3,333 0 5,420
11 Mar 20 Tanner Joseph Michael RSU Common stock Option exercise Dispose M 0 3,333 0 46,349
11 Mar 20 Nicholas Carter Common stock Sell Dispose S 4.5 2,500 11.25K 496,090
6 Mar 20 Nicholas Carter Common stock Sell Dispose S 4.97 2,500 12.43K 498,590
5 Mar 20 Nicholas Carter Common stock Sell Dispose S 5.08 2,500 12.7K 501,090
52.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 66 60 +10.0%
Opened positions 10 8 +25.0%
Closed positions 4 5 -20.0%
Increased positions 32 29 +10.3%
Reduced positions 14 12 +16.7%
13F shares
Current Prev Q Change
Total value 129.65M 139.96M -7.4%
Total shares 12.93M 12.14M +6.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Wellington Management 3.35M $23.96M +5.1%
Vanguard 1.58M $11.27M +51.8%
Dimensional Fund Advisors 1.2M $8.55M +0.7%
BLK BlackRock 1.19M $8.48M +1.3%
Royce & Associates 1.15M $8.19M +12.8%
Rutabaga Capital Management 679.06K $4.86M +20.4%
Tieton Capital Management 567.35K $4.06M +7.3%
STT State Street 414.59K $2.96M +4.1%
Uniplan Investment Counsel 291.31K $2.08M +0.6%
NTRS Northern Trust 239.69K $1.71M -3.4%
Largest transactions
Shares Bought/sold Change
Brigade Capital Management 131.46K -558.56K -80.9%
Vanguard 1.58M +538.11K +51.8%
Wellington Management 3.35M +161.9K +5.1%
Royce & Associates 1.15M +129.97K +12.8%
Rutabaga Capital Management 679.06K +115.05K +20.4%
22NW 113.85K +113.85K NEW
Prescott Group Capital Management, L.L.C. 0 -91.05K EXIT
Wynnefield Capital 0 -80K EXIT
Wedge Capital Management L L P 78.38K +78.38K NEW
Bridgeway Capital Management 173.4K +74.5K +75.3%

Financial report summary

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Risks
  • We rely on a limited number of customers, including one customer that represented more than 10% of our consolidated revenue in 2019. A significant change in customer relationships or in customer demand for our products could materially adversely affect our results of operations, financial condition and cash flows.
  • Our industry is highly competitive, and we may lose market share to other producers of specialty petrochemicals, specialty waxes or other products that can be substituted for our products, which may adversely affect our results of operations, financial condition and cash flows.
  • Loss of key employees, our inability to attract and retain new qualified employees or our inability to keep our employees
  • focused on our strategies and goals could have an adverse impact on our operations.
  • If the availability of our raw materials is limited, we may be unable to produce some of our products in quantities sufficient to meet customer demand or on favorable economic terms, which could have an adverse effect on our results of operations, financial condition and cash flows.
  • We are subject to numerous regulations that could require us to modify our current business practices and incur increased costs.
  • Increases in the costs of our raw materials could have an adverse effect on our financial condition and results of operations if those costs cannot be passed onto our customers.
  • If we are unable to access third-party transportation for our raw materials and finished products, we may not be able to fulfill our obligations to our customers in a timely manner, which could have a material adverse effect on our results of operations, financial condition and cash flows.
  • Failure to successfully consummate extraordinary transactions, including the integration of other businesses, assets, products or technologies, or realize the financial and strategic goals that were contemplated at the time of any such transaction may adversely affect our future business, results of operations and financial condition.
  • Adverse results of legal proceedings could materially adversely affect us.
  • Maintenance, expansion and refurbishment of our facilities and the development and implementation of new manufacturing processes involve significant risks which may adversely affect our business, results of operations, financial condition and cash flows.
  • There are certain hazards and risks inherent in our operations that could adversely affect those operations and results of operations and financial condition.
  • We expect to continue to incur capital expenditures and operating costs as a result of our compliance with existing and future environmental laws and regulations.
  • If we are not able to continue the technological innovation and successful commercial introduction of new products, our customers may turn to other producers to meet their requirements, which may adversely affect our results of operations, financial condition and cash flows.
  • Conditions in the global economy may adversely affect our results of operations, financial condition and cash flows.
  • The adoption of climate change legislation or regulation could result in increased operating costs and reduced demand for our products.
  • We are exposed to local business risks in different countries, which could have a material adverse effect on our financial condition and results of operations.
  • Increased information systems security threats and more sophisticated and targeted computer crime could pose a risk to our systems, networks, products and services.
  • Implementation of changes to our enterprise resource planning ("ERP") system may adversely affect our business and results of operations or the effectiveness of internal controls over financial reporting.
  • Certain activist stockholders actions could cause us to incur expense and hinder execution of our strategy.
  • The covenants in the instruments that govern our outstanding indebtedness may limit our operating and financial flexibility.
  • Our substantial indebtedness could limit cash flow available for our operations and could adversely affect our ability to service debt or obtain additional financing if necessary.
  • To service our current, and any future, indebtedness, we will require a significant amount of cash, which may adversely affect our future results.
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • We from time to time are subject to contingent liabilities. If any contingent liabilities become actual liabilities, our financial condition may be adversely affected.
  • We do not control the activities of AMAK and are dependent on AMAK's management and board of directors.
  • Cost pressures could negatively impact AMAK's operating margins and expansion plans.
  • We may be unable to recover our investment in AMAK, which could adversely affect our results of operations and financial condition.
  • AMAK may have fewer mineral reserves than its estimates indicate.
Management Discussion
  • Our Annual Report on Form 10-K for the year ended December 31, 2018 includes a discussion and analysis of our financial condition and results of operations for the year ended December 31, 2017 in Item 7 of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
Content analysis ?
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