CDZI Cadiz, Inc.
Cadiz, Inc. is a land and water resource development company, which engages in the acquisition and development of land with water resources for various uses such as groundwater supply, groundwater storage, and agriculture. The firm's project includes the Cadiz Valley Water Conservation, Recovery and Storage. The company was founded by Keith Brackpool in 1983 and is headquartered in Los Angeles, CA.
Company profile
Ticker
CDZI
Exchange
Website
CEO
Scott S. Slater
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Cadiz Land Co Inc
SEC CIK
Corporate docs
IRS number
770313235
CDZI stock data
()
Investment data
Securities sold
Number of investors
Calendar
7 May 20
3 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 114K | 111K | 110K | 111K | |
| Net income | -20.51M | -7.35M | -7.44M | -7.48M | |
| Diluted EPS | -0.66 | -0.27 | -0.28 | -0.28 | |
| Net profit margin | -17995% | -6620% | -6767% | -6735% | |
| Operating income | -3.94M | -2.91M | -2.96M | -3.24M | |
| Net change in cash | -5.16M | 410K | -4.21M | 3.25M | |
| Cash on hand | 10.52M | 15.68M | 15.27M | 19.48M | |
| Cost of revenue |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 441K | 440K | 437K | 412K | |
| Net income | -29.53M | -26.27M | -33.86M | -26.34M | |
| Diluted EPS | -1.11 | -1.09 | -1.5 | -1.41 | |
| Net profit margin | -6696% | -5971% | -7749% | -6393% | |
| Operating income | -11.99M | -11.22M | -12.64M | -9.21M | |
| Net change in cash | 3.12M | -472K | 858K | 9.48M | |
| Cash on hand | 15.68M | 12.56M | 13.03M | 12.17M | |
| Cost of revenue |
Financial data from Cadiz earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 1 Jul 20 | Grant Geoffrey T | Common Stock | Grant | Aquire A | 10.215 | 1,224 | 12.5K | 95,537 |
| 30 Jun 20 | Echaveste Maria | Common Stock | Grant | Aquire A | 10.699 | 2,337 | 25K | 2,337 |
| 30 Jun 20 | Webb de Macias Carolyn D | Common Stock | Grant | Aquire A | 10.699 | 2,337 | 25K | 2,337 |
| 30 Jun 20 | Courter Stephen E | Common Stock | Grant | Aquire A | 10.699 | 2,337 | 25K | 28,199 |
| 30 Jun 20 | Hickox Winston H | Common Stock | Grant | Aquire A | 10.699 | 2,337 | 25K | 75,016 |
| 30 Jun 20 | Grant Geoffrey T | Common Stock | Grant | Aquire A | 10.699 | 2,337 | 25K | 94,313 |
Institutional ownership Q1 2020
18.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 65 |
| Opened positions | 11 |
| Closed positions | 13 |
| Increased positions | 22 |
| Reduced positions | 19 |
13F shares |
Current |
|---|---|
| Total value | 120.54M |
| Total shares | 6.26M |
| Total puts | 30.2K |
| Total calls | 89.3K |
| Total put/call ratio | 0.3 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 1.7M | $19.81M |
| BLK BlackRock | 1.12M | $13.03M |
| Odey Asset Management | 487.01K | $5.68M |
| KBCSF KBC | 401.32K | $4.68M |
| STT State Street | 349.91K | $4.08M |
| Geode Capital Management | 346.12K | $4.04M |
| Elkhorn Partners Limited Partnership | 319.15K | $3.72M |
| NTRS Northern Trust | 229.74K | $2.68M |
| Millennium Management | 140.32K | $1.64M |
| Marshall Wace | 131.71K | $1.54M |
Financial report summary
?Competition
Gulfport EnergyManagement Discussion
- We have not received significant revenues from our water resource and real estate development activity to date. Our revenues have been limited to rental income from our agricultural leases (see “Agricultural Development”, above). As a result, we have historically incurred a net loss from operations. We incurred a net loss of $20.5 million in the three months ended March 31, 2020, compared to a $7.3 million net loss during the three months ended March 31, 2019. The higher 2020 loss was primarily due to a loss on early extinguishment of debt in the amount of $12.4 million, which was a one-time non-cash charge, reflecting the excess of the fair value of the new preferred stock issued over the historical book value of the related convertible debt retired pursuant to Conversion and Exchange Agreements. If the related convertible debt had been recorded at fair value and marked to market over the term of the debt, the excess of the fair value of the new preferred stock issued over the value of the related convertible debt would not have been significant. (see Note 2- “Long-Term Debt”) (see “Current Financing Arrangements”, below).
Content analysis
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H.S. sophomore Avg
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New words:
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Removed:
abnormally, account, accrued, aggregating, Appeal, approach, borrowing, calculation, clarify, classification, classified, commonly, comparative, compounded, compounding, consisted, default, deficit, determinable, determining, direction, discount, earned, eliminate, embedded, entity, event, examination, excluded, exercisable, expand, expedient, faced, feature, finalizing, fixed, greater, hindsight, holding, implicit, indexed, installed, instrument, legal, meeting, opening, owing, package, performed, practical, provision, proxy, ranging, readily, Reclassification, recognize, recognizing, recording, reflective, reimbursement, relating, remained, rent, repayment, repurchase, reset, retrospective, round, September, single, Specifically, Springing, sustained, thereunder, thirty, transaction, transition, unchanged, variable, vesting, volatility
Financial reports
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
13 Mar 20
10-Q
2019 Q3
Quarterly report
12 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K/A
2018 FY
Annual report (amended)
30 Apr 19
10-K
2018 FY
Annual report
18 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
10-Q
2018 Q2
Quarterly report
6 Aug 18
10-Q
2018 Q1
Quarterly report
9 May 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
22 Jun 20
8-K
Departure of Directors or Certain Officers
22 May 20
8-K
Cadiz Inc. Completes Agreements to Exchange Outstanding
9 Mar 20
8-K
Departure of Directors or Certain Officers
20 Feb 20
8-K
Entry into a Material Definitive Agreement
3 Feb 20
8-K
Entry into a Material Definitive Agreement
12 Nov 19
8-K
Cadiz Inc. and Glass House Farms Form SoCal Hemp Co, Creating the Potential to Be the World's Largest Legal Commercial Hemp Operation
6 Aug 19
8-K
Departure of Directors or Certain Officers
18 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
12 Jul 19
8-K
Amendments to Articles of Incorporation or Bylaws
17 Jun 19
Registration and prospectus
S-3/A
Shelf registration (amended)
13 Apr 20
S-3
Shelf registration
23 Mar 20
D
$27.34M in equity, sold $27.34M, 2 investors
18 Mar 20
S-8
Registration of securities for employees
30 Aug 19
S-3
Shelf registration
16 Nov 18
424B5
Prospectus supplement for primary offering
27 Mar 18
424B5
Prospectus supplement for primary offering
3 Oct 17
424B5
Prospectus supplement for primary offering
3 May 17
424B5
Prospectus supplement for primary offering
1 Dec 16
424B5
Prospectus supplement for primary offering
30 Nov 16
Proxies
DEF 14A
Definitive proxy
22 Apr 20
DEFR14A
Revised proxy
17 Jun 19
DEFA14A
Additional proxy soliciting materials
17 Jun 19
DEFC14A
Proxy in contested situation
4 Jun 19
PRER14A
Preliminary revised proxy
31 May 19
PRER14A
Preliminary revised proxy
23 May 19
DEF 14A
Definitive proxy
12 Oct 18
DEF 14A
Definitive proxy
21 Apr 17
DEF 14A
Definitive proxy
26 Apr 16
PRE 14A
Preliminary proxy
14 Apr 16
Other
EFFECT
Notice of effectiveness
29 Apr 20
CORRESP
Correspondence with SEC
24 Apr 20
CORRESP
Correspondence with SEC
10 Apr 20
UPLOAD
Letter from SEC
7 Apr 20
EFFECT
Notice of effectiveness
27 Nov 18
CORRESP
Correspondence with SEC
21 Nov 18
UPLOAD
Letter from SEC
21 Nov 18
EFFECT
Notice of effectiveness
14 Nov 16
CORRESP
Correspondence with SEC
9 Nov 16
UPLOAD
Letter from SEC
9 Nov 16
Ownership
4
CADIZ / MURRAY H HUTCHISON ownership change
2 Jul 20
4
CADIZ / Richard Nevins ownership change
2 Jul 20
4
CADIZ / Geoffrey T Grant ownership change
2 Jul 20
4
CADIZ / Winston H Hickox ownership change
2 Jul 20
4
CADIZ / STEPHEN E COURTER ownership change
2 Jul 20
4
CADIZ / de Macias Carolyn D Webb ownership change
2 Jul 20
4
CADIZ / Maria Echaveste ownership change
2 Jul 20
3
CADIZ / STANLEY E SPEER ownership change
29 May 20
4
CADIZ / Geoffrey T Grant ownership change
3 Apr 20
4
CADIZ / MURRAY H HUTCHISON ownership change
3 Apr 20