Ticker
SXCL
Exchange
Incorporated in
Location
Fiscal year end
Former names
Adaptec Inc, ADPT Corp
SEC CIK
IRS number
942748530
Steel Excel Inc. and its subsidiaries (“Steel Excel”, the “Company”, “we”, “us”, “our”) currently operate in two reporting segments - Energy and Sports. Through its wholly-owned subsidiary Steel Energy Services Ltd. ("Steel Energy Services"), the Company’s Energy business provides drilling and production services to the oil and gas industry. Through its wholly-owned subsidiary Steel Sports Inc., the Company’s Sports business is a social impact organization that strives to provide a first-class youth sports experience emphasizing positive experiences and instilling the core values of discipline, teamwork, safety, respect, and integrity. The Company also makes significant non-controlling investments in entities in industries related to its reporting segments as well as entities in other unrelated industries. The Company continues to identify business acquisition opportunities in both the Energy and Sports industries as well as in other unrelated industries. Steel Partners Holdings L.P. (“Steel Partners”), an affiliate, beneficially owned approximately 58.3% of the Company’s outstanding common stock as of December 31, 2015. Through September 2010, the Company provided enterprise-class external storage products and software to original equipment manufacturers, at which time the Company wound down its remaining business operations. At such time the Company focused on capital redeployment and identification of new business opportunities in which it could utilize existing working capital and maximize the use of net operating losses.
Quarter (USD) Dec 15 Sep 15 Jun 15 Mar 15
Revenue 24.65M 33.48M 35.61M 38.89M
Net income -65.15M -14.47M -10.54M -7.25M
Diluted EPS -5.74 -1.27 -0.91 -0.63
Net profit margin -264% -43.23% -29.59% -18.64%
Operating income -32.21M -3.11M -1.84M -3.5M
Net change in cash -38.04M 5.84M -169K 12.17M
Cash on hand 31.71M 69.75M 63.91M 64.08M
Cost of revenue 19.95M 26.49M 27.38M 32.19M
Annual (USD) Dec 15 Dec 14
Revenue 132.62M 210.15M
Net income -97.41M -23.81M
Diluted EPS -8.5 -2.04
Net profit margin -73.45% -11.33%
Operating income -40.67M -23.4M
Net change in cash -20.2M
Cash on hand 31.71M 51.91M
Cost of revenue 106.01M 152.12M

Financial data from Steel Excel earnings reports

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