Company profile

Ticker
PRSI
Exchange
CEO
John V. Winfield
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
941674111

PRSI stock data

(
)

Calendar

18 Jun 20
8 Jul 20
30 Jun 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 11.26M 14.9M 15.43M 14.61M
Net income -1.21M 426K 925K 662K
Diluted EPS -1.53 0.52 1.13 0.81
Net profit margin -10.70% 2.86% 6.00% 4.53%
Operating income 485K 2.43M 3.33M 2.83M
Net change in cash -772K -3.27M 159K 678K
Cash on hand 5.91M 6.68M 9.95M 9.79M
Cost of revenue 10.06M 11.73M 11.35M 11.04M
Annual (USD) Jun 19 Jun 18 Jun 17 Jun 16
Revenue 59.88M 57.1M 54.33M 58.57M
Net income 2.91M 4.46M 395K -5.16M
Diluted EPS 3.54 4.96 0.33 -6.53
Net profit margin 4.87% 7.81% 0.73% -8.81%
Operating income 12.34M 19.35M 9.81M 2.36M
Net change in cash 2.17M 5.57M -1.33M 2.3M
Cash on hand 9.79M 7.62M 2.05M 3.38M
Cost of revenue 44.47M 40.1M 41.03M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
26 Jun 20 Intergroup COMMON STOCK Buy Aquire P No 36 1,040 37.44K 99,602
13 Feb 20 Babin C Jerold common stock Sell Dispose S No 92 667 61.36K 47,678

Financial report summary

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Management Discussion
  • The Company’s principal source of revenue continues to be derived from its general and limited partnership interest in the Justice Investors Limited Partnership (“Justice” or the “Partnership”) inclusive of hotel room revenue, food and beverage revenue, garage revenue, and revenue from other operating departments. Justice owns the Hotel and related facilities, including a five-level underground parking garage. The financial statements of Justice have been consolidated with those of the Company.
  • The Hotel is operated by the Partnership as a full-service Hilton brand hotel pursuant to a Franchise License Agreement (the “License Agreement”) with Hilton. The Partnership entered into the License Agreement on December 10, 2004. The term of the License Agreement was for an initial period of 15 years commencing on the opening date, with an option to extend the License Agreement for another five years, subject to certain conditions. On June 26, 2015, the Partnership and Hilton entered into an amended franchise agreement which extended the License Agreement through 2030, modified the monthly royalty rate, extended geographic protection to the Partnership and also provided the Partnership certain key money cash incentives to be earned through 2030. The key money cash incentives were received on July 1, 2015.
  • On February 1, 2017, Justice entered into a Hotel management agreement (“HMA”) with Interstate Management Company, LLC (“Interstate”) to manage the Hotel and related facilities with an effective takeover date of February 3, 2017. The term of HMA is for an initial period of ten years commencing on the takeover date and automatically renews for an additional year not to exceed five years in aggregate subject to certain conditions. The HMA also provides for Interstate to advance a key money incentive fee to the Hotel for capital improvements in the amount of $2,000,000 under certain terms and conditions described in a separate key money agreement.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Registration and prospectus

No filings