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UPDC Upd Holding

UPD Holding Corp. engages in the provision of metabolic products. It will operates through the the following brands: iMetabolic Catalyst, iMetabolic Mini-Meal, iMetabolic Multi-Pro, and iMetabolic BittX. The iMetabolic Catalyst brand will provides essential vitamins and plant compounds that are necessary to aid in metabolic functions such as B-Complex Vitamins, as well as Green Tea Extract, and Resveratrol. The iMetabolic Mini-Meal brand intends to provide whey protein isolate intake for a person who is on a four-to-five meal per day diet or needs a snack that will act as a low-calorie, high nutritional value appetite suppressant. The iMetabolic Multi-Pro brand has a an objective of providing vitamins and minerals that are typically marketed as multi-vitamin supplements dovetail with the Catalyst to eliminate the duplicate consumption of overlapping ingredients that routinely plagues supplement users. The iMetabolic BittX brand is intended to reform the body's disposition toward bitter foods. The company was founded in June 1988 and is headquartered in Reno, NV.

Company profile

Ticker
UPDC
Exchange
CEO
Mark W. Conte
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
BARRIE RICHARD FRAGRANCES INC, Esio Water & Beverage Development Corp., FBR CAPITAL CORP /NV/, NETtime Solutions, Inc, Tempco, Inc., TIME AMERICA INC, VITRIX INC /NV/
SEC CIK
IRS number
133465289

UPDC stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

21 May 21
13 Jun 21
30 Jun 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 17 Jun 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Upd Holding 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) 52.83K 52.83K 52.83K 52.83K 52.83K 52.83K
Cash burn (monthly) 2.5K (positive/no burn) 66.85K 28.45K 41.5K 18.93K
Cash used (since last report) 6.14K n/a 164.05K 69.82K 101.85K 46.46K
Cash remaining 46.69K n/a -111.22K -16.99K -49.03K 6.36K
Runway (months of cash) 18.7 n/a -1.7 -0.6 -1.2 0.3

Beta Read what these cash burn values mean

Financial report summary

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Competition
Avon Products
Management Discussion
  • The Company did not generate material revenues from its RSB operations through its disposal in December 2020. The Company has focused on entering into the rehabilitation services industry in the second half of fiscal 2021. The Company has focused its efforts on obtaining the necessary licenses to operate various rehabilitation facilities and, if successful, expects to commence operations in fiscal 2022.
  • During the three and nine months ended March 31, 2021, the Company recognized professional fees of approximately $76,000 and $143,000, respectively, representing an increase of approximately 160% and 25%, respectively, from the prior comparable periods. This increase is the result of the Company’s change in business industry, diligence procedures associated with seeking acquisition targets, and legal and accounting fees associated with the disposal of its former food and beverage operations.
  • The Company expects its professional fees to increase throughout the remainder of fiscal 2021 and into fiscal 2022 as it develops its rehabilitation facilities and service which requires significant additional regulatory compliance.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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