EXPO Exponent
Exponent is an engineering and scientific consulting firm providing solutions to complex problems. Exponent's interdisciplinary organization of scientists, physicians, engineers, and business consultants draws from more than 90 technical disciplines to solve the most pressing and complicated challenges facing stakeholders today. The firm leverages over 50 years of experience in analyzing accidents and failures to advise clients as they innovate their technologically complex products and processes, ensure the safety and health of their users, and address the challenges of sustainability.
Company profile
Ticker
EXPO
Exchange
Website
CEO
Catherine Corrigan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FAILURE GROUP INC
SEC CIK
Corporate docs
IRS number
770218904
EXPO stock data
()
Press releases
Calendar
7 May 21
13 Jun 21
1 Jan 22
Financial summary
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Apr 21 | Jan 21 | Oct 20 | Jul 20 | |
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Annual (USD) |
Jan 21 | Jan 20 | Dec 18 | Dec 17 | |
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Financial data from Exponent 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) | 184.52M | 184.52M | 184.52M | 184.52M | 184.52M | 184.52M |
| Cash burn (monthly) | 4.33M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 10.36M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 174.16M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 40.2 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Jun 21 | John Joseph Doyle | RSU Common Stock | Grant | Aquire A | No | No | 0 | 8,389 | 0 | 8,389 |
| 3 Jun 21 | George H. Brown | RSU Common Stock | Grant | Aquire A | No | No | 0 | 1,474 | 0 | 1,474 |
| 3 Jun 21 | Shoven John B | RSU Common Stock | Grant | Aquire A | No | No | 0 | 1,474 | 0 | 1,474 |
| 3 Jun 21 | Richardson Karen A | RSU Common Stock | Grant | Aquire A | No | No | 0 | 1,474 | 0 | 1,474 |
| 3 Jun 21 | Johnston Paul R | RSU Common Stock | Grant | Aquire A | No | No | 0 | 1,474 | 0 | 1,474 |
| 2 Jun 21 | Shoven John B | Common Stock | Option exercise | Aquire M | No | No | 0 | 1,675 | 0 | 69,828 |
| 2 Jun 21 | Shoven John B | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,675 | 0 | 0 |
| 2 Jun 21 | Richardson Karen A | Common Stock | Option exercise | Aquire M | No | No | 0 | 1,675 | 0 | 27,412 |
| 2 Jun 21 | Richardson Karen A | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,675 | 0 | 0 |
| 2 Jun 21 | Johnston Paul R | Common Stock | Option exercise | Aquire M | No | No | 0 | 1,675 | 0 | 66,942 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
86.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 293 |
| Opened positions | 42 |
| Closed positions | 43 |
| Increased positions | 94 |
| Reduced positions | 113 |
13F shares |
Current |
|---|---|
| Total value | 4.37B |
| Total shares | 45.13M |
| Total puts | 0 |
| Total calls | 8.7K |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 8.06M | $785.71M |
| Vanguard | 5.57M | $542.6M |
| ATAC Neuberger Berman | 3.35M | $324.59M |
| Kayne Anderson Rudnick Investment Management | 2.04M | $198.42M |
| Conestoga Capital Advisors | 2M | $194.63M |
| AMP Ameriprise Financial | 1.63M | $159.29M |
| STT State Street | 1.56M | $151.75M |
| Geneva Capital Management | 1.3M | $126.55M |
| Dimensional Fund Advisors | 1.08M | $104.84M |
| TROW T. Rowe Price | 1.01M | $97.95M |
Financial report summary
?Risks
- The unpredictable and reactive nature of our business can create uneven performance in any given quarter or year.
- Our financial results could suffer if our clients’ needs change more rapidly than we are able to secure the appropriate mix of trained, skilled and experienced personnel.
- The loss of a large client could adversely affect our business.
- Potential conflicts of interest may preclude us from accepting some engagements.
- Inherent risks related to government contracts may adversely affect our business.
- Governments may terminate, cancel, modify or curtail our contracts at any time prior to their completion.
- Failure to attract and retain key employees may adversely affect our business.
- Our engagements may result in professional or other liability.
- We are subject to security breaches that may disrupt our operations and/or lead to the inability to protect confidential information.
- Failure to protect client and employee data may have an adverse effect on our business.
- Competition could reduce our pricing and adversely affect our business.
- Impairment of goodwill may require us to record a significant charge to earnings.
- Impairment of long-lived assets or restructuring activities may require us to record a significant charge to earnings.
- Our business can be adversely affected by downturns in the overall economy.
- The market price of our common stock may be volatile.
- Climate change may disrupt our business.
Management Discussion
- The increase in revenues for our Engineering and Other Scientific segment was due to an increase in billable hours and an increase in billing rates. During 2019, billable hours for this segment increased by 9.3% to 1,084,000 as compared to 992,000 during 2018. This segment had strong growth in its biomedical engineering, buildings & structures, construction consulting, human factors, materials & corrosion engineering, thermal sciences, and polymer science & materials chemistry practices. We continued to see strong demand from multinational companies for our scientific expertise and advice regarding their products. Safety concerns regarding energy storage systems drove increased demand for risk assessments in the consumer products, transportation, utility and medical device industries. The increase in billable hours was also due to fiscal 2019 having one additional week of activity than fiscal 2018. Utilization decreased to 73% for 2019 as compared to 75% for 2018. The decrease in utilization was due to the completion of a large human factors’ assessment in the third quarter of 2018. Technical full-time equivalents increased 9.2% to 699 for 2019 as compared to 640 for 2018 due to our recruiting and retention efforts.
Content analysis
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| Legalese | ||
| Litigous | ||
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H.S. freshman Avg
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New words:
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Removed:
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Financial reports
10-Q
2021 Q1
Quarterly report
7 May 21
10-K
2020 FY
Annual report
26 Feb 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
9 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
27 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
22 Feb 19
Current reports
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 21
8-K
Exponent Reports First Quarter of Fiscal Year 2021 Financial Results
29 Apr 21
8-K
Exponent Reports Fourth Quarter and Fiscal Year 2020 Financial Results
4 Feb 21
8-K
Exponent Reports Third Quarter of Fiscal Year 2020 Financial Results
29 Oct 20
8-K
Departure of Directors or Certain Officers
27 Oct 20
8-K
Exponent Reports Second Quarter of Fiscal Year 2020 Financial Results
30 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
29 May 20
8-K
Exponent Reports First Quarter of Fiscal Year 2020 Financial Results
30 Apr 20
8-K
Exponent Reports Fourth Quarter and Fiscal Year 2019 Financial Results
6 Feb 20
8-K
Exponent Reports Third Quarter of Fiscal Year 2019 Financial Results
17 Oct 19
Registration and prospectus
S-8
Registration of securities for employees
18 Mar 18
S-8
Registration of securities for employees
23 Sep 12
S-8
Registration of securities for employees
28 May 08
S-8
Registration of securities for employees
12 Nov 06
S-8
Registration of securities for employees
6 Sep 05
S-8
Registration of securities for employees
1 Jul 04
S-8
Registration of securities for employees
12 Jun 03
S-8
Registration of securities for employees
5 Sep 02
REGDEX
Notice of sale of securities
11 Jun 02
S-8
Registration of securities for employees
16 Aug 01
Proxies
DEF 14A
Definitive proxy
21 Apr 21
DEFA14A
Additional proxy soliciting materials
6 May 20
DEF 14A
Definitive proxy
15 Apr 20
DEF 14A
Definitive proxy
16 Apr 19
DEF 14A
Definitive proxy
16 Apr 18
PRE 14A
Preliminary proxy
5 Apr 18
DEF 14A
Definitive proxy
17 Apr 17
DEF 14A
Definitive proxy
12 Apr 16
DEF 14A
Definitive proxy
15 Apr 15
PRE 14A
Preliminary proxy
5 Apr 15
Other
UPLOAD
Letter from SEC
3 Dec 20
CORRESP
Correspondence with SEC
24 Nov 20
UPLOAD
Letter from SEC
16 Nov 20
UPLOAD
Letter from SEC
16 Sep 15
CORRESP
Correspondence with SEC
23 Aug 15
UPLOAD
Letter from SEC
16 Aug 15
UPLOAD
Letter from SEC
19 Jan 09
UPLOAD
Letter from SEC
22 Dec 08
CORRESP
Correspondence with SEC
9 Dec 08
CORRESP
Correspondence with SEC
20 Oct 08
Ownership
4
EXPONENT / John Joseph Doyle ownership change
7 Jun 21
4
EXPONENT / George H. Brown ownership change
7 Jun 21
4
EXPONENT / Carol Lindstrom ownership change
4 Jun 21
4
EXPONENT / PAUL R JOHNSTON ownership change
4 Jun 21
4
EXPONENT / Debra Zumwalt ownership change
4 Jun 21
4
EXPONENT / JOHN B SHOVEN ownership change
4 Jun 21
4
EXPONENT / KAREN A RICHARDSON ownership change
4 Jun 21
4
EXPONENT / Harri Kytomaa ownership change
2 Jun 21
4
EXPONENT / Bradley A James ownership change
1 Jun 21
3
EXPONENT / John Joseph Doyle ownership change
27 May 21
Transcripts
2021 Q1
Earnings call transcript
1 May 21
2020 Q4
Earnings call transcript
5 Feb 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
1 Aug 20
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
6 Feb 20
2019 Q3
Earnings call transcript
17 Oct 19
2019 Q2
Earnings call transcript
18 Jul 19
2019 Q1
Earnings call transcript
18 Apr 19
2018 Q4
Earnings call transcript
31 Jan 19
Reddit threads
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10 Jun 21
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