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Servotronics (SVT)

Servotronics, Inc. engages in the design, development, and manufacture of components, systems and sub-systems. It operates through the following segments: Advanced Technology Group and Consumer Products Group. The Advanced Technology Group segment is the design, manufacture and marketing of servo-control components such as torque motors, control valves, actuators, and others. The Consumer Products Group segment specializes the design, manufacture and marketing of a variety of cutlery products for use by consumers and government agencies. The company was founded by Nicholas D. Trbovich, Sr. in 1959 and is headquartered in Elma, NY.

Company profile

Ticker
SVT
Exchange
CEO
Kenneth D. Trbovich
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Ontario Knife Company • Queen Cutlery Company • G.N. Metal Products, Inc. • SVT Management, Inc. • MRO Corporation • TSV ELMA, Inc. • 87 South Main Corp. • King Cutlery, Inc. • TSV Franklinville, Inc. ...
IRS number
160837866

SVT stock data

Calendar

16 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 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) 8.86M 8.86M 8.86M 8.86M 8.86M 8.86M
Cash burn (monthly) 230.33K (no burn) (no burn) (no burn) 181.33K (no burn)
Cash used (since last report) 662.39K n/a n/a n/a 521.47K n/a
Cash remaining 8.19M n/a n/a n/a 8.33M n/a
Runway (months of cash) 35.6 n/a n/a n/a 46.0 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 May 22 Evan H Wax Common Stock Buy Acquire P No No 10.8815 2,432 26.46K 13,449
26 Apr 22 Karen L Howard Common Stock Grant Acquire A No No 11.04 118 1.3K 118
26 Apr 22 Evan H Wax Common Stock Grant Acquire A No No 11.04 118 1.3K 11,017
16.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 12 5 +140.0%
Opened positions 8 1 +700.0%
Closed positions 1 5 -80.0%
Increased positions 0 0
Reduced positions 1 3 -66.7%
13F shares Current Prev Q Change
Total value 5.71M 2.82M +102.5%
Total shares 411.17K 222.52K +84.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Wax Asset Management 158.62K $2.01M 0.0%
FMR 138.63K $2.03M NEW
Dimensional Fund Advisors 60.49K $886K -2.5%
Vanguard 27.74K $406K NEW
Bridgeway Capital Management 19.65K $288K NEW
MS Morgan Stanley 2.01K $30K NEW
James Investment Research 1.73K $25K 0.0%
HM Payson & Co 1.2K $18K NEW
WFC Wells Fargo & Co. 525 $8K NEW
UBS UBS Group AG - Registered Shares 386 $6K NEW
Largest transactions Shares Bought/sold Change
FMR 138.63K +138.63K NEW
Vanguard 27.74K +27.74K NEW
Bridgeway Capital Management 19.65K +19.65K NEW
MS Morgan Stanley 2.01K +2.01K NEW
Dimensional Fund Advisors 60.49K -1.56K -2.5%
HM Payson & Co 1.2K +1.2K NEW
WFC Wells Fargo & Co. 525 +525 NEW
UBS UBS Group AG - Registered Shares 386 +386 NEW
Tower Research Capital 79 +79 NEW
BAC Bank Of America 0 -5 EXIT

Financial report summary

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Competition
Lifetime Brands
Management Discussion
  • The Company’s consolidated revenues from operations increased approximately $2,108,000 or 23.3% for the three month period ended March 31, 2022 when compared to the same period in 2021. This is due to an increase at both the ATG of approximately $1,945,000 or 26.9% and at the CPG of approximately $163,000 or 8.9%.
  • The consolidated increase for the three month period ended March 31, 2022 when compared to the same period ended March 31, 2021 is attributable to an increase in units shipped at the ATG of approximately $424,000 and an increase in the average price due to the mix of units shipped of approximately $1,521,000. With the exception of the last quarter in 2021, the ATG is experiencing a gradual increase in revenues, quarter over quarter for the last four quarters.
  • Additionally, there was an increase in the average price due to the mix of units shipped at the CPG of approximately $158,000 despite a drop in volume and an increase in price of approximately $5,000. The CPG revenue for the three month period ended March 31, 2022 is the highest revenue recognized in the first quarter of a calendar year since the three month period ended March 31, 2012.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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