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Raven Industries (RAVN)

Raven Industries provides innovative, high-value products and systems that solve great challenges throughout the world. Raven is a leader in precision agriculture, high-performance specialty films, and aerospace and defense solutions, and the company's groundbreaking work in autonomous systems is unlocking new possibilities in areas like farming, national defense, and scientific research. Since 1956, Raven has designed, produced, and delivered exceptional solutions, earning the company a reputation for innovation, product quality, and unmatched service.

Company profile

Ticker
RAVN
Exchange
CEO
Daniel Rykhus
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Aerostar International, Inc. • Aerostar Technical Solutions, Inc. • Dot Technology • Raven Engineered Films, Inc. • Raven Industries Canada, Inc. • Raven International Holding Company B.V. • Raven CLI Construction, Inc. • Raven Europe, B.V. • Raven do Brasil Participacoes E Servicos Technicos LTDA • Raven Slingshot, Inc. ...
IRS number
460246171

RAVN stock data

Calendar

25 Aug 21
12 Aug 22
31 Jan 23
Quarter (USD) Jul 21 Apr 21 Jan 21 Oct 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 21 Jan 20 Jan 19 Jan 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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) 13.08M 13.08M 13.08M 13.08M 13.08M 13.08M
Cash burn (monthly) 1.56M 228K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 19.41M 2.83M n/a n/a n/a n/a
Cash remaining -6.33M 10.24M n/a n/a n/a n/a
Runway (months of cash) -4.1 44.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Nov 21 Parod Rick Common Stock Sale back to company Dispose D No No 0 5,800 0 0
30 Nov 21 Parod Rick Deferred Stock Units Common Stock Sale back to company Dispose D No No 0 10,287 0 0
30 Nov 21 Andringa Jason M Common Stock Sale back to company Dispose D No No 0 15,000 0 0
30 Nov 21 Andringa Jason M Deferred Stock Units Common Stock Sale back to company Dispose D No No 0 36,846 0 0
30 Nov 21 LeBaron Marc E Common Stock Sale back to company Dispose D Yes No 0 19,662 0 0
30 Nov 21 LeBaron Marc E Common Stock Sale back to company Dispose D No No 0 11,151 0 0
30 Nov 21 LeBaron Marc E Deferred Stock Units Common Stock Sale back to company Dispose D No No 0 34,903 0 0
30 Nov 21 Taimur Sharih RSU Common Stock Sale back to company Dispose D No No 0 9,094 0 0
30 Nov 21 Taimur Sharih RSU Common Stock Sale back to company Dispose D No No 0 4,547 0 0
30 Nov 21 Taimur Sharih RSU Common Stock Sale back to company Dispose D No No 0 4,873 0 0
5.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 2 189 -98.9%
Opened positions 1 28 -96.4%
Closed positions 188 39 +382.1%
Increased positions 1 60 -98.3%
Reduced positions 0 71 EXIT
13F shares Current Prev Q Change
Total value 109.31M 1.73B -93.7%
Total shares 1.9M 29.81M -93.6%
Total puts 5.3K 47.6K -88.9%
Total calls 12.3K 214.9K -94.3%
Total put/call ratio 0.4 0.2 +94.5%
Largest owners Shares Value Change
Glazer Capital 1.9M $109.31M +166.7%
Simplex Trading 0 $0
Largest transactions Shares Bought/sold Change
BLK Blackrock 0 -5.3M EXIT
Vanguard 0 -3.8M EXIT
Magnetar Financial 0 -2.14M EXIT
Spring Creek Capital 0 -1.36M EXIT
FIL 0 -1.35M EXIT
STT State Street 0 -1.21M EXIT
Glazer Capital 1.9M +1.19M +166.7%
Millennium Management 0 -1.06M EXIT
Arp Americas 0 -1.01M EXIT
Dimensional Fund Advisors 0 -946.34K EXIT

Financial report summary

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Risks
  • The novel coronavirus (COVID-19) has adversely impacted, and could continue to impact the Company, including possible material adverse effects on our business, financial position, and cash flow. Further spread of COVID-19, as well as outbreaks or epidemics of other infectious diseases, may have a similar or worse impact on the Company.
  • The loss, disruption, or material change in the Company's business relationship with single source suppliers for particular materials, components, or services, could cause a disruption in supply, or substantial increase in cost of any such products or services, and therefore could result in harm to the Company's sales, profitability, cash flows and financial condition.
  • Price fluctuations in, and shortages of, raw materials could have a significant impact on the Company's ability to sustain and grow earnings.
  • Failure to develop and market new technologies and products could impact the Company's competitive position and have an adverse effect on the Company's financial results.
  • Failure to develop and maintain partnerships, alliances, and other distribution or supplier relationships could adversely impact the Company's financial results.
  • The Company's sales of products that are specialized and highly technical in nature are subject to uncertainties, start-up costs and inefficiencies, as well as market, competitive, and compliance risks.
  • The Company's Aerostar segment depends on the U.S. government for a significant portion of its sales, creating uncertainty in the timing of and funding for projected contracts.
  • The Company derives a portion of its revenues from foreign markets, which subjects the Company to business risks, including risk of changes in government policies, laws, regulation compliance, or changes in worldwide economic conditions.
  • The Company may pursue or complete acquisitions, which represent additional risk and could impact future financial results.
  • The Company may fail to continue to attract, develop, and retain key management and other key employees, which could negatively impact operating results.
  • Weather conditions or natural disasters could affect certain Company markets, such as agriculture, construction, geomembrane installation, or the Company's primary manufacturing facilities.
  • Fluctuations in commodity prices can increase the Company's costs and decrease sales.
  • Adverse economic conditions in the major industries the Company serves may materially affect segment performance and consolidated results of operations.
  • The Company could be impacted by unfavorable results or material settlement of legal proceedings.
  • Raven is subject to governmental laws, regulations and other legal obligations related to privacy and data protection.
  • Technology failures or cyber-attacks on the Company's systems could disrupt the Company's operations or the functionality of its products and negatively impact the Company's business.
Management Discussion
  • The Company’s effective tax rates for the three-month periods ended July 31, 2021 and 2020, were 15.0% and 10.8%, respectively. The Company’s effective tax rates for the six-month periods ended July 31, 2021 and 2020, were 16.2% and 2.2%, respectively. The year-over-year volatility in the effective tax rate for the three and six-month periods was driven primarily by an increase in the current year profitability.
  • The Company's strong performance in the first quarter continued into the second quarter with strong sales growth in the Applied Technology and Engineered Films divisions.
  • Demand across Applied Technology's product portfolio remained very strong in the second quarter resulting in year-over-year revenue growth in both the OEM and aftermarket channels despite navigating global supply chain constraints. Additionally in Raven Autonomy™ the Company achieved significant milestones while executing on its strategy. Applied Technology commercialized the OMNiDRIVE™ system and is on track to sell its limited release out in the first fiscal year. The solutions being developed are significant advancements in ag technology that will help solve labor shortages, provide greater efficiencies and enhance sustainability in agriculture across the world.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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