Company profile

Ticker
DRAD
Exchange
CEO
Matthew Gabel Molchan
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
330145723

DRAD stock data

(
)

Calendar

13 Aug 19
17 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 25.8M 23.91M 25.93M 25.71M
Net income -1.21M -1.66M -1.59M -1.43M
Diluted EPS -0.59 -0.08 -0.08 -0.07
Net profit margin -4.69% -6.93% -6.15% -5.55%
Operating income -1.15M -1.14M -1.4M -1.29M
Net change in cash 67K -748K 582K -447K
Cash on hand 864K 797K 1.55M 963K
Cost of revenue 20.79M 19.93M 22.19M 21.35M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 104.18M 104.63M 125.47M 60.83M
Net income 736K -35.73M 14.3M 21.64M
Diluted EPS 0.04 -1.79 0.71 1.1
Net profit margin 0.71% -34.15% 11.40% 35.58%
Operating income -4.55M -5.3M 3.09M 2.77M
Net change in cash -332K -326K -13.67M 1.82M
Cash on hand 1.55M 1.88M 2.2M 15.87M
Cost of revenue 85.91M 89.94M 89.69M 42.92M

Financial data from Digirad earnings reports

Financial report summary

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Risks
  • Our HoldCo Conversion and related acquisitions or investments could involve unknown risks that could harm our business and adversely affect our financial condition.
  • We are subject to particular risks associated with real estate ownership, which could result in unanticipated losses or expenses.
  • We rely on information technology in our operations, and any material failure, inadequacy, interruption or security failure of that technology could materially harm our business.
  • We may not be able to achieve the anticipated synergies and benefits from business acquisitions
  • There can be no assurances that we will successfully complete our planned conversion into a diversified holding company or complete its proposed acquisition of ATRM
  • Our indebtedness could restrict our operations and make us more vulnerable to adverse economic conditions.
  • The SNB Loan Agreement governing our indebtedness contains restrictive covenants that will restrict our operating flexibility and require that we maintain specified financial ratios. If we cannot comply with these covenants, we may be in default under the SNB Loan Agreement.
  • Substantially all of our assets have been pledged to SNB as security for our indebtedness under the SNB Loan Agreement.
  • If we are unable to generate or borrow sufficient cash to make payments on our indebtedness, our financial condition would be materially harmed, our business could fail, and stockholders may lose all of their investment.
  • Increases in interest rates could adversely affect our results from operations and financial condition.
Management Discussion
  • Revenues for continuing operations were $104.2 million for the year ended December 31, 2018. This is a decrease of $0.5 million, or 0.4%, compared to the prior year due to the following:
  • Gross profit for continuing operations decreased $2.9 million, or 13.8%, compared to the prior year mainly due to a $2.5 million decrease in Mobile Healthcare segment, which was driven by lower utilization of the owned assets and higher equipment maintenance costs.
  • Total operating expenses decreased $3.7 million, or 13.9%, for the year ended December 31, 2018 compared to the prior year, primarily due to lower litigation-related costs of $1.5 million related to the settlement of a wage and hour lawsuit in the prior year, lower employee related costs of $0.7 million due to reductions in headcount, higher gains on equipment and vehicle sales of $0.5
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