Company profile

Ticker
GPX
Exchange
CEO
Adam Henry Stedham
Employees
Incorporated in
Location
Fiscal year end
Former names
National Patent Development Corp
SEC CIK
IRS number
131926739

GPX stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

11 May 20
4 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 128.28M 155.4M 139.01M 149.41M
Net income -1.29M 9.5M 2.14M 3.22M
Diluted EPS -0.08 0.56 0.13 0.19
Net profit margin -1.01% 6.11% 1.54% 2.15%
Operating income -445K 15.33M 4.49M 6.1M
Net change in cash 866K 420K 1.63M -2.32M
Cash on hand 9.03M 8.16M 7.74M 6.11M
Cost of revenue 110.67M 132.09M 117.34M 126.45M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 583.29M 515.16M 509.21M 490.56M
Net income 15.19M 9.84M 12.89M 20.25M
Diluted EPS 0.9 0.59 0.76 1.21
Net profit margin 2.60% 1.91% 2.53% 4.13%
Operating income 28.01M 19.61M 22.91M 31.42M
Net change in cash -5.26M -10.2M 7.27M -4.68M
Cash on hand 8.16M 13.42M 23.61M 16.35M
Cost of revenue 494.08M 437.42M 427.18M 410.4M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Jun 20 Marshall S Geller Common Stock Grant Aquire A No 0 2,374 0 161,115
30 Jun 20 Manardo Jacques Common Stock Grant Aquire A No 0 1,942 0 8,997
30 Jun 20 Koonin Steven Elliot Common Stock Grant Aquire A No 0 2,086 0 16,436
30 Jun 20 Pfenniger Richard C JR Common Stock Grant Aquire A No 0 2,403 0 50,456
30 Jun 20 Robinson Samuel D. Common Stock Grant Aquire A No 0 2,992 0 15,223
48.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 65 67 -3.0%
Opened positions 5 8 -37.5%
Closed positions 7 8 -12.5%
Increased positions 22 25 -12.0%
Reduced positions 25 16 +56.3%
13F shares
Current Prev Q Change
Total value 80.33M 149.83M -46.4%
Total shares 8.36M 8.2M +2.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Royce & Associates 1.45M $9.44M +17.7%
Dimensional Fund Advisors 1.23M $7.98M +0.1%
BLK BlackRock 917.35K $5.97M +0.5%
Vanguard 777.86K $5.06M +10.4%
NWQ Investment Management 505.21K $3.29M -21.2%
Rutabaga Capital Management 420.51K $2.74M +3.5%
FMR 361.77K $2.36M +19.9%
Hotchkis & Wiley Capital Management 283.62K $1.85M +1.8%
STT State Street 235.98K $1.54M -0.2%
Geode Capital Management 190.05K $1.24M +6.1%
Largest transactions
Shares Bought/sold Change
Royce & Associates 1.45M +218.19K +17.7%
NWQ Investment Management 505.21K -136.03K -21.2%
Vanguard 777.86K +73.55K +10.4%
Minerva Advisors 136.64K +62.95K +85.4%
FMR 361.77K +60.04K +19.9%
Kennedy Capital Management 0 -56.35K EXIT
THB Asset Management 0 -35.03K EXIT
Invenomic Capital Management 33.63K +33.63K NEW
Russell Investments 132.78K -28.45K -17.6%
Citadel Advisors 21.2K -25.42K -54.5%

Financial report summary

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Competition
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Risks
  • Changing economic conditions in the United States, the United Kingdom and the other countries in which we conduct our operations could harm our business, results of operations and financial condition.
  • Our revenue and financial condition could be adversely affected by the loss of business from significant customers, including financial services institutions and automotive manufacturers.
  • Our successful performance of learning services under our Global Master Agreement with HSBC is subject to many risks.
  • The price of our common stock is highly volatile and could decline regardless of our operating performance.
  • A substantial portion of our assets consists of goodwill and intangible assets, which are subject to impairment. We could incur material asset impairment charges in future periods.
  • Our financial results are subject to quarterly fluctuations, which may result in volatility or declines in our stock price.
  • We are vulnerable to the cyclical nature of the markets we serve.
  • We may continue making acquisitions as part of our growth strategy, which subjects us to numerous risks that could have a material adverse effect on our business, financial condition and results of operations.
  • Future acquisitions may require that we incur debt or issue dilutive equity.
  • Difficulties in integrating acquired businesses could result in reduced revenues and income.
  • Our leverage could adversely affect our financial condition or operating flexibility if we fail to comply with certain covenants under the Credit Agreement.
  • Our business and financial condition could be adversely affected by government limitations on contractor profitability.
  • A negative audit or other actions by the U.S. Government could adversely affect our future operating performance.
  • We are a party to fixed price contracts and may enter into similar contracts in the future, which could result in reduced profits or losses if we are not able to accurately estimate or control costs or meet specific service levels.
  • Our revenues may be adversely affected if we fail to win competitively awarded contracts or to receive renewal or follow-on contracts.
  • Our backlog is subject to reduction and cancellation, which could negatively impact our future revenues or earnings.
  • We maintain a workforce based upon anticipated staffing needs. If we do not receive future contract awards or if these awards are delayed or reduced in scope or funding, we could incur significant costs.
  • Failure to continue to attract and retain qualified personnel could harm our business.
  • The loss of our key personnel, including our executive management team, could harm our business.
  • Competition could materially and adversely affect our performance.
  • Failure to keep pace with technology and changing market needs could harm our business.
  • We have only a limited ability to protect the intellectual property rights that are important to our success, and we face the risk that our services or products may infringe upon the intellectual property rights of others.
  • Our information technology systems are subject to risks that we cannot control.
  • We identified material weaknesses in our internal control over financial reporting related to our implementation of a new global enterprise resource planning system (ERP) on October 1, 2018, and subsequent post-implementation processing as well as our risk assessment over certain key financial processes. Until remediated, there is the possibility that a material misstatement in our consolidated financial statements may not be prevented or detected on a timely basis, which could result in loss of investor confidence and adversely impact our stock price.
  • A breach of our security measures (or security measures of third-parties we have engaged) could harm our business, results of operations and financial condition.
  • Our international sales and operations expose us to various political and economic risks, which could have a material adverse effect on our business, results of operations and financial condition.
  • We are subject to risks associated with currency fluctuations, which could have a material adverse effect on our results of operations and financial condition.
  • Business disruptions could adversely affect our future sales, financial condition, reputation or stock price or increase costs and expenses.
  • Our financial condition and results of operations for fiscal 2020 could be adversely affected by the recent coronavirus outbreak.
  • We are subject to potential liabilities which are not covered by our insurance.
  • Our restated certificate allows us to redeem or otherwise dispose shares of our common stock owned by a foreign stockholder if certain U.S. Government agencies threaten termination of any of our contracts as a result of such an ownership interest.
Management Discussion
  • We are a global performance improvement solutions provider of training, digital learning solutions, management consulting and engineering services that seeks to improve the effectiveness of organizations by providing services and products that are customized to meet the specific needs of clients. Clients include Fortune 500 companies and governmental and other commercial customers in a variety of industries. We believe we are a global leader in performance improvement, with over five decades of experience in providing solutions to optimize workforce performance.
  • In March 2020, the World Health Organization declared the Coronavirus (COVID-19) a pandemic. The outbreak has become increasingly widespread around the world, including virtually every geography in which the Company operates. The pandemic has created uncertainty about the impact on the global economy. Governments have implemented various restrictions around the world, including closure of non-essential businesses, travel restrictions, shelter-in-place requirements and other restrictions.
  • The Company has taken a number of precautionary steps to safeguard its business and employees from COVID-19, including, but not limited to, implementing travel restrictions, arranging work from home capabilities and flexible work policies. We were able to make the transition to a remote workforce in response to the COVID-19 pandemic and its effects without incurring material expenses by implementing existing business continuity plans using existing resources. The safety and well-being of our employees is our first priority.
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