Nuvera Communications, Inc. operates as a diversified communications company, which engages in the operation of five local telephone companies and incumbent local exchange carriers and the operation of two competitive local exchange carrier's telephone companies. It offers local service, network access, cellular services, long distance, internet services, TV programming, directory publishing, sales and service of customer premise equipment and bill processing services. The company was founded on May 1, 1905 and is headquartered in New Ulm, MN.
Company profile
Ticker
NUVR
Exchange
Website
CEO
Glenn Zerbe
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
NEW ULM TELECOM INC
SEC CIK
Corporate docs
Subsidiaries
Hutchinson Cellular, Inc. • Hutchinson Telecommunications, Inc. • Hutchinson Telephone Company • Peoples Telephone Company • Scott Rice Telephone Co. • Sleepy Eye Telephone Company • TechTrends, Inc. • Western Telephone Company ...
IRS number
410440990
NUVR stock data
Calendar
9 Aug 22
12 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 906.87K | 906.87K | 906.87K | 906.87K | 906.87K | 906.87K |
Cash burn (monthly) | (no burn) | 116.61K | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 167.37K | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 739.5K | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 6.3 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 May 22 | Meyer Perry | Common Stock | Grant | Acquire A | No | No | 19.55 | 4,347 | 84.98K | 77,354 |
31 May 22 | Miller Dennis | Common Stock | Grant | Acquire A | No | No | 19.55 | 3,324 | 64.98K | 35,220 |
31 May 22 | Schultz Wesley E | Common Stock | Grant | Acquire A | No | No | 19.55 | 3,324 | 64.98K | 28,480 |
31 May 22 | Otis Bill D | Common Stock | Grant | Acquire A | No | No | 19.55 | 2,046 | 40K | 229,122 |
31 May 22 | Seifert James J | Common Stock | Grant | Acquire A | No | No | 19.55 | 2,685 | 52.49K | 12,711 |
Institutional ownership, Q1 2021
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 35K |
Total shares | 1.5K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Cove Street Capital | 1.5K | $35K |
Financial report summary
?Competition
PlatoManagement Discussion
- Nuvera has an advanced fiber communications network and offers a diverse array of communications products and services. We provide broadband Internet access, video services and managed and hosted solutions services. In addition, we provide local voice service and network access to other communications carriers for connections to our networks as well as long distance service.
- Our operations consist primarily of providing services to customers for a monthly charge. Because many of these services are recurring in nature, backlog orders and seasonality are not significant factors. Our working capital requirements include financing the construction of our advanced fiber networks. We also require capital to maintain our advanced fiber networks and infrastructure; fund the payroll costs of our highly skilled labor force; maintain inventory to service capital projects, our advanced fiber network and our communication equipment customers; pay dividends and provide for the carrying value of trade accounts receivable, some of which may take several months to collect in the normal course of business.
- We continue to closely monitor the impact on our business of the outbreak of the COVID-19 pandemic. We have and are continuing to take precautions to ensure the safety of our employees, customers and business partners, while assuring business continuity and reliable service and support to our customers. Health and safety measures implemented include transitioning to remote work-from-home policies, proof of COVID-19 vaccination and mandatory testing for our employees that are not vaccinated, redesigning and investing in our office spaces to accommodate a more healthy air quality environment, providing our field technicians and customer-facing personnel with personal protective equipment and additional safety training, practicing social distancing and adding calling in advance for work that must be performed inside customer premises. We are proactively monitoring and augmenting our network capacity, to meet the higher demands for data usage during the pandemic as a result of increased usage from work from home and remote learning applications. As a result of the pandemic, the demand for bandwidth upgrades have increased for our consumer, commercial and carrier customers. Our existing network enables us to efficiently respond and adapt to the increase in Internet traffic during this time.
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Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
20 Jul 22
8-K
Departure of Directors or Certain Officers
27 May 22
8-K
Departure of Directors or Certain Officers
12 Apr 22
8-K
Entry into a Material Definitive Agreement
21 Mar 22
8-K
Other Events
2 Mar 22
8-K
Amendments to Articles of Incorporation or Bylaws
21 Dec 21
8-K
Other Events
15 Dec 21
8-K
Submission of Matters to a Vote of Security Holders
1 Jun 21
8-K
Termination of a Material Definitive Agreement
4 Feb 21
8-K
Nuvera Communications, Inc. Declares a 4th Quarter 2020 Dividend
1 Dec 20
Other
UPLOAD
Letter from SEC
9 Oct 12
CORRESP
Correspondence with SEC
3 Oct 12
UPLOAD
Letter from SEC
26 Sep 12
UPLOAD
Letter from SEC
9 Nov 10
CORRESP
Correspondence with SEC
31 Oct 10
UPLOAD
Letter from SEC
18 Oct 10
UPLOAD
Letter from SEC
20 Feb 08
CORRESP
Correspondence with SEC
7 Feb 08
CORRESP
Correspondence with SEC
30 Jan 08
UPLOAD
Letter from SEC
23 Jan 08
Ownership
4/A
Nuvera Communications / BILL D OTIS ownership change
1 Jun 22
4
Nuvera Communications / Suzanne M. Spellacy ownership change
31 May 22
4
Nuvera Communications / Colleen R. Skillings ownership change
31 May 22
4
Nuvera Communications / JAMES J SEIFERT ownership change
31 May 22
4
Nuvera Communications / BILL D OTIS ownership change
31 May 22
4
Nuvera Communications / WESLEY E SCHULTZ ownership change
31 May 22
4
Nuvera Communications / Dennis Miller ownership change
31 May 22
4
Nuvera Communications / PERRY MEYER ownership change
31 May 22
4/A
Nuvera Communications / Glenn Zerbe ownership change
19 May 22
4/A
Nuvera Communications / BILL D OTIS ownership change
18 May 22