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KSPN Kaspien

Kaspien Holdings, Inc.Trans World Entertainment Corp. engages in the retail of entertainment products. It operates through the FYE and etailz segments. The FYE segment includes retail stores and e-commerce sites, which sell entertainment products including trend, video, music, electronics, and related products in the United States. The etailz segment refers to an online marketplace retailer that partners with companies to expand its brand. The company was founded by Robert J. Higgins in 1972 and is headquartered in Albany, NY.

Company profile

Ticker
KSPN
Exchange
CEO
Michael Feurer
Employees
Incorporated
Location
Fiscal year end
Former names
TRANS WORLD ENTERTAINMENT CORP, TRANS WORLD MUSIC CORP
SEC CIK
IRS number
141541629

KSPN stock data

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Calendar

15 Dec 20
17 Apr 21
1 Feb 22
Quarter (USD)
Oct 20 Aug 20 May 20 Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Feb 20 Feb 19 Feb 18 Jan 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Kaspien earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.43M 7.43M 7.43M 7.43M 7.43M 7.43M
Cash burn (monthly) 407K 208.5K 331K 865.17K 2.46M 2.59M
Cash used (since last report) 2.26M 1.16M 1.84M 4.81M 13.7M 14.44M
Cash remaining 5.16M 6.27M 5.59M 2.61M -6.27M -7.01M
Runway (months of cash) 12.7 30.1 16.9 3.0 -2.5 -2.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Nov 20 Tom Simpson Common stock, par value $0.1 per share Aquire X Yes No 0.01 8,395 83.95 8,395
25 Nov 20 Tom Simpson Common stock, par value $0.1 per share Aquire X Yes No 0.01 12,593 125.93 12,593
25 Nov 20 Tom Simpson Warrant to purchase Common Stock, par value $0.01 per share Common Stock, par value $0.01 per share Dispose X Yes No 0 8,395 0 965
25 Nov 20 Tom Simpson Warrant to purchase Common Stock, par value $0.01 per share Common Stock, par value $0.01 per share Dispose X Yes No 0 12,593 0 1,448
5 Nov 20 Edwin Sapienza Employee Stock Options Common Stock, par value $.01 per share Grant Aquire A No No 10.75 8,496 91.33K 16,021
22 Jul 20 Kunal Chopra Employee Stock Option Common Stock $0.01 per share Grant Aquire A No No 6.4 20,000 128K 25,000
9 Apr 20 Jonathan Anthony Marcus Director Stock Option Common Stock $0.01 per share Grant Aquire A No No 3.68 750 2.76K 750

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Competition
TargetWalmartTargetBEST
Risks
  • Risks Related to Our Business and Industry
  • If we cannot successfully implement our business strategy our growth and profitability could be adversely impacted.
  • A pandemic, epidemic or outbreak of an infectious disease, such as COVID-19, may materially and adversely affect our business.
  • Continued increases in Amazon Marketplace fulfillment and storage fees could have an adverse impact on our profit margin and results of operations.
  • The Company’s business is influenced by general economic conditions.
  • Disruption of global capital and credit markets may have a material adverse effect on the Company’s liquidity and capital resources.
  • Because of our floating rate credit facility, we may be adversely affected by interest rate changes.
  • The Company is dependent upon access to capital, including bank credit facilities and short-term vendor financing, for its liquidity needs.
  • Historically, we have experienced declines and we may continue to experience fluctuation in our level of sales and results from operations.
  • A change in one or more of the Company’s partners’ policies or the Company’s relationship with those partners could adversely affect the Company’s results of operations.
  • etailz revenue is dependent upon maintaining etailz’s relationship with Amazon and failure to do so, or any restrictions on our ability to offer products on the Amazon Marketplace, could have an adverse impact on our business, financial condition and results of operations.
  • Parties with whom the Company does business may be subject to insolvency risks or may otherwise become unable or unwilling to perform their obligations to the Company.
  • Breach of data security could harm our business and standing with our customers.
  • Our hardware and software systems are vulnerable to damage, theft or intrusion that could harm our business.
  • Our inability or failure to protect our intellectual property rights, or any claimed infringement by us of third-party intellectual rights, could have a negative impact on our operating results.
  • Loss of key personnel or the inability to attract, train and retain qualified employees could adversely affect the Company’s results of operations.
  • Failure to comply with legal and regulatory requirements could adversely affect the Company’s results of operations.
  • We may face difficulties in meeting our labor needs to effectively operate our business.
  • Our business could be adversely affected by increased labor costs, including costs related to an increase in minimum wage and health care.
  • Litigation may adversely affect our business, financial condition and results of operations.
  • An impairment of the carrying value of fixed assets, intangible assets and goodwill has negatively affected and may in the future negatively affect our financial results.
  • The effects of natural disasters, terrorism, acts of war, and public health issues may adversely affect our business.
  • The terms of our asset-based revolving credit agreement impose certain restrictions on us that may impair our ability to respond to changing business and economic conditions, which could have a significant adverse impact on our business. Additionally, our business could suffer if our ability to acquire financing is reduced or eliminated.
  • Risks Related to Ownership of Our Common Stock.
  • The ownership of our Common Stock is extremely concentrated, and entities affiliated with members of our Board of Directors have significant influence and control over the outcome of any vote of the Company’s Shareholders and may have competing interests.
  • The Company’s stock price has experienced and could continue to experience volatility and could decline, resulting in a substantial loss on your investment.
  • If we do not meet the continued listing standards of the NASDAQ, our Common Stock could be delisted from trading, which could limit investors’ ability to make transactions in our Common Stock and subject us to additional trading restrictions.
  • The limited public float and trading volume for our Common Stock may have an adverse impact and cause significant fluctuation of market price.
  • The Company intends to continue to undertake one or more corporate initiatives to reduce costs which may include deregistering the Company’s Common Stock under the Exchange Act.
Content analysis
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Positive
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Legalese
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Readability
H.S. freshman Avg
New words: decision, reorganization, request, requested, requesting, SBA, structure
Removed: implemented, improvement