Docoh
Loading...

HGBL Heritage Global

Heritage Global Inc. is a value-driven, innovative leader in corporate and financial asset liquidation transactions, valuations and advisory services. Heritage Global focuses on identifying, valuing, acquiring and monetizing underlying tangible and intangible assets in twenty-eight global manufacturing and technology sectors. Heritage Global acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, accounts receivable portfolios, intellectual property, and entire business enterprises.

Company profile

Ticker
HGBL
Exchange
Website
CEO
Ross M. Dove
Employees
Incorporated
Location
Fiscal year end
Former names
ACCERIS COMMUNICATIONS INC, C2 Global Technologies Inc, Counsel RB Capital Inc., I LINK INC, MEDCROSS INC
SEC CIK
IRS number
592291344

HGBL stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 May 21
24 Jun 21
31 Dec 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)
Dec 20 Dec 19 Dec 18 Dec 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 company 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) 15.85M 15.85M 15.85M 15.85M 15.85M 15.85M
Cash burn (monthly) 2.51M (positive/no burn) (positive/no burn) (positive/no burn) 1.94M (positive/no burn)
Cash used (since last report) 7M n/a n/a n/a 5.41M n/a
Cash remaining 8.85M n/a n/a n/a 10.44M n/a
Runway (months of cash) 3.5 n/a n/a n/a 5.4 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 21 Ludwig David Van Option to purchase common stock Common Stock Grant Aquire A No No 2.81 40,000 112.4K 40,000
17 May 21 Dove Ross Common Stock Payment of exercise Dispose F No No 2.95 144,771 427.07K 2,024,314
17 May 21 Dove Ross Common Stock Option exercise Aquire M No No 0.45 325,000 146.25K 2,169,085
17 May 21 Dove Ross Option to purchase common stock Common Stock Option exercise Dispose M No No 0.45 325,000 146.25K 0
31 Mar 21 Kelly S Sharpe Option to purchase common stock Common Stock Grant Aquire A No No 2.85 10,000 28.5K 10,000
31 Mar 21 Ryan James Brendan Option to purchase common stock Common Stock Grant Aquire A No No 2.85 10,000 28.5K 10,000
31 Mar 21 Michael Hexner Option to purchase common stock Common Stock Grant Aquire A No No 2.85 10,000 28.5K 10,000

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

36.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 24 2 +1100.0%
Opened positions 22 1 +2100.0%
Closed positions 0 10 EXIT
Increased positions 1 1
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 37.58M 17.5M +114.7%
Total shares 13.14M 6.58M +99.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Topline Capital Partners 4.42M $11.76M 0.0%
Silber Allan C 3.56M $11.12M NEW
Punch & Associates Investment Management 2.24M $6.4M +4.0%
Vanguard 1.26M $3.61M NEW
Koshinski Asset Management 912.32K $2.6M NEW
Perritt Capital Management 249.19K $710K NEW
Geode Capital Management 130.82K $372K NEW
Ridgewood Investments 130K $371K NEW
CIBC World Markets 80.39K $229K NEW
NTRS Northern Trust 46.09K $131K NEW
Largest transactions
Shares Bought/sold Change
Silber Allan C 3.56M +3.56M NEW
Vanguard 1.26M +1.26M NEW
Koshinski Asset Management 912.32K +912.32K NEW
Perritt Capital Management 249.19K +249.19K NEW
Geode Capital Management 130.82K +130.82K NEW
Ridgewood Investments 130K +130K NEW
Punch & Associates Investment Management 2.24M +85.56K +4.0%
CIBC World Markets 80.39K +80.39K NEW
NTRS Northern Trust 46.09K +46.09K NEW
VIRT Virtu Financial 28.91K +28.91K NEW

Financial report summary

?
Risks
  • We face significant competition in our asset liquidation business.
  • Our asset liquidation business is subject to inventory risk and credit risk.
  • Our operating results are subject to significant fluctuation.
  • We are subject to the risks associated with managing growth.
  • A portion of our asset liquidation business is conducted through Joint Ventures.
  • We are dependent upon key personnel.
  • Disruptions to information systems and those of certain third-party service providers utilized by us could adversely impact our operations, reputation and brand.
  • The auction portion of our asset liquidation business may be subject to a variety of additional costly government regulations.
  • Certain categories of merchandise that we sell are subject to government restrictions.
  • We are subject to the U.S. Foreign Corrupt Practices Act (“FCPA”).
  • Our asset liquidation business is subject to environmental risk.
  • Changes in tax laws or their interpretations, or becoming subject to additional foreign, U.S. federal, state or local taxes, could negatively affect our business, financial condition and results of operations.
  • If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud.
  • We may require additional financing in the future, which may not be available, or may not be available on favorable terms.
  • Provisions in our organizational documents and Florida or certain other state laws could delay or prevent a change in control of our company, which could adversely affect the price of our common stock.
  • Our Board of Directors may issue additional shares of preferred stock without stockholder approval.
  • We may conduct future offerings of our common stock and preferred stock that may diminish our investors’ pro rata ownership and depress our stock price.
  • The market price of our common stock may be volatile and this may adversely affect our stockholders.
  • We have a material amount of goodwill which, if it becomes impaired, would result in a reduction in our net income.
  • We may not be able to utilize income tax loss carry forwards.
  • We have not declared any dividends on our common stock to date and have no expectation of doing so in the foreseeable future.
  • Our executive officers, directors and their affiliates hold a large percentage of our common stock and their interests may differ from other stockholders.
  • There is a limited public trading market for our common stock. Our stock price could be extremely volatile and may decline substantially from the public offering price. As a result, you may not be able to resell your shares at or above the price you paid for them.
  • We could be delisted from Nasdaq, which could seriously harm the liquidity of our stock and our ability to raise capital.
  • The financial reporting obligations of being a public company in the United States are expensive and time consuming and place significant additional demands on our management.
Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • Please see “Item 1. Business” of this Report for an overview of our business and recent developments. Please see “Item 1A. Risk Factors” of this Report for a discussion of the risk factors that may impact our current and future operations, and financial condition.
  • In September 2019, we entered into an Amendment (the “Mann Amendment”) to the Employment Agreement (the “Mann Employment Agreement”) for Kenneth Mann, a named executive officer of the Company and the Senior Managing Director of Equity Partners. Pursuant to the terms of the Mann Amendment, Mr. Mann continued his current employment with Equity Partners until December 31, 2019, after which time the Mann Employment Agreement and Mann Amendment terminated and Mr. Mann’s employment with Equity Partners ceased (the “Resignation Time”).
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: appointed, approach, attached, confidentiality, creation, description, entirety, entry, Exhibit, forfeited, fourth, hand, health, hereto, indirect, Nick, qualified, recurring, Scott, summary, text, thereof, Vice, West
Removed: accessing, Aid, alternative, approved, calculating, cancelled, closed, commencing, consulting, deficit, detailed, disaggregate, duration, elimination, Emmett, employee, enable, enacted, field, finalized, focused, half, implied, investment, main, manager, moment, paying, performed, precedence, purpose, reached, Relief, response, separated, step, test, transferred, unit, unrelated, USA, utilizing, wholly