MVEN theMaven
theMaven, Inc. engages in the development of online media channels. Its channel is operated by an invite only channel partner, drawn from subject matter experts, reporters, group evangelists and social leaders. The company was founded by James C. Heckman Jr. in 1990 and is headquartered in Seattle, WA.
Company profile
Ticker
MVEN
Exchange
Website
CEO
James C. Heckman
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
INTEGRATED SURGICAL SYSTEMS INC
SEC CIK
Corporate docs
IRS number
680232575
MVEN stock data
()
Press releases
iHeartMedia, Sports Illustrated and Sports Illustrated Studios Ink Robust, Multi-Year, Audio Content Deal, Launching Slate of Original Podcasts
26 Jul 21
TRX Training Club and Sports Illustrated Swimsuit Partner to Create One-of-a-Kind Virtual Training Experience
22 Jul 21
Maven Supports Unified ID 2.0 Initiative
2 Jul 21
Sports Illustrated and Morning Read Partner to Launch the Ultimate Golf Media Destination
14 Jun 21
FaZe Clan Reaches Beyond World of Esports Onto Cover of Sports Illustrated's July Issue
10 Jun 21
Investment data
Securities sold
Number of investors
Calendar
18 May 21
29 Jul 21
31 Dec 21
Financial summary
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Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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Financial data from theMaven 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) | 5.73M | 5.73M | 5.73M | 5.73M | 5.73M | 5.73M |
| Cash burn (monthly) | (positive/no burn) | (positive/no burn) | 7.09M | 7.19M | 950.91K | 2.04M |
| Cash used (since last report) | n/a | n/a | 70.83M | 71.86M | 9.5M | 20.39M |
| Cash remaining | n/a | n/a | -65.09M | -66.13M | -3.77M | -14.65M |
| Runway (months of cash) | n/a | n/a | -9.2 | -9.2 | -4.0 | -7.2 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Jun 21 | Shribman Daniel | Common Stock | Grant | Aquire A | No | No | 0 | 41,079 | 0 | 41,079 |
| 8 Jun 21 | Semler Eric | Common Stock | Sale back to company | Dispose D | No | No | 0 | 38,616 | 0 | 16,549 |
| 20 May 21 | B. Riley Financial | Common Stock, par value $0.01 per share | Buy | Aquire P | Yes | No | 0.7 | 2,857,143 | 2M | 63,025,483 |
| 20 May 21 | Semler Eric | Common Stock | Buy | Aquire P | Yes | No | 0.7 | 5,714,286 | 4M | 20,714,286 |
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.
16.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 3 |
| Opened positions | 1 |
| Closed positions | 1 |
| Increased positions | 0 |
| Reduced positions | 0 |
13F shares |
Current |
|---|---|
| Total value | 45.62M |
| Total shares | 43.67M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| TURN 180 Degree Capital | 22.93M | $13.99M |
| TCS Capital Management | 20.71M | $12.63M |
| HBC Financial Services, PLLC | 23.75K | $19M |
Financial report summary
?Management Discussion
- For the three months ended September 30, 2020, the total net loss was approximately $21.4 million. The total net loss increased by approximately $1.7 million as compared to the three months ended September 30, 2019 which had a net loss of approximately $19.7 million. Despite the fact that our operations continued to rapidly expand during the three months ended September 30, 2020, we did not have a significant net loss change, from the comparable period in 2019. In particular, during the three months ended September 30, 2020 we operated our Sports Illustrated media business that we acquired after September 30, 2019. For the three months ended September 30, 2019, we operated our legacy business and also our previously acquired businesses that included HubPages, Inc. (“HubPages”) and Say Media, Inc. (“Say Media”). The basic and diluted net loss per common share for the three months ended September 30, 2020 of $0.55 decreased from $0.54 for the three months ended September 30, 2019, primarily because of our net loss per common share decrease along with the increase of the daily weighted average shares outstanding to 39,186,432 shares from 36,240,837 shares.
Content analysis
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H.S. junior Avg
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New words:
fact
Removed:
travel
Financial reports
10-Q
2020 Q3
Quarterly report
18 May 21
10-Q
2020 Q2
Quarterly report
12 May 21
10-Q
2020 Q1
Quarterly report
7 May 21
10-K
2019 FY
Annual report
9 Apr 21
NT 10-K
Notice of late annual filing
29 Mar 21
10-K
2018 FY
Annual report
8 Jan 21
10-Q
2018 Q3
Quarterly report
18 May 20
10-Q/A
2018 Q2
Quarterly report (amended)
16 Aug 19
10-Q/A
2018 Q2
Quarterly report (amended)
12 Oct 18
10-Q
2018 Q2
Quarterly report
28 Sep 18
Current reports
8-K
Departure of Directors or Certain Officers
14 Jun 21
8-K
Entry into a Material Definitive Agreement
9 Jun 21
8-K
Entry into a Material Definitive Agreement
7 Jun 21
8-K
Entry into a Material Definitive Agreement
25 May 21
8-K
Entry into a Material Definitive Agreement
4 May 21
8-K
Departure of Directors or Certain Officers
12 Mar 21
8-K
Departure of Directors or Certain Officers
24 Feb 21
8-K
Departure of Directors or Certain Officers
23 Feb 21
8-K
Departure of Directors or Certain Officers
14 Jan 21
8-K
Other Events
6 Jan 21
Registration and prospectus
D
$25M in equity, sold $19.71M, 20 investors
3 Jun 21
D
$20M in equity, sold $12.04M, 19 investors
6 Nov 20
D/A
$10M in equity, sold $8.73M, 6 investors
22 Sep 20
D
$6M in equity, sold $2.73M, 4 investors
24 Aug 20
D
$20M in equity, sold $20M, 26 investors
15 Oct 19
D
$23.1M in equity, sold $23.1M, 5 investors
9 Jul 19
D
$2M in debt, sold $1.9M, 3 investors
29 Mar 19
D
$13.09M in debt, sold $13.09M, 3 investors
18 Dec 18
D
$3.5M in debt / options, sold $3.5M, 2 investors
24 Oct 18
D
$17.78M in equity, sold $17.78M
20 Aug 18
Proxies
PREC14A
Preliminary proxy with contested solicitation
1 Dec 20
DFAN14A
Additional proxy materials by non-management
30 Nov 20
DEF 14C
Information statement
24 Nov 20
PRE 14C
Preliminary information
13 Nov 20
DEF 14A
Definitive proxy
18 Mar 20
DEF 14A
Definitive proxy
24 Oct 17
DEFA14A
Additional proxy soliciting materials
11 Jun 07
DEF 14A
Definitive proxy
24 May 07
PRE 14A
Preliminary proxy
14 May 07
DEF 14A
Definitive proxy
26 Nov 02
Other
EFFECT
Notice of effectiveness
5 Nov 17
CORRESP
Correspondence with SEC
2 Nov 17
UPLOAD
Letter from SEC
2 Nov 17
EFFECT
Notice of effectiveness
26 Jul 17
CORRESP
Correspondence with SEC
25 Jul 17
UPLOAD
Letter from SEC
17 Jul 17
CORRESP
Correspondence with SEC
6 Jul 17
CORRESP
Correspondence with SEC
6 Jul 17
UPLOAD
Letter from SEC
27 Jun 17
UPLOAD
Letter from SEC
27 Jun 17
Ownership
4
theMaven / ERIC SEMLER ownership change
9 Jul 21
SC 13D
theMaven / TCS CAPITAL MANAGEMENT ownership change
9 Jul 21
4
theMaven / Daniel Shribman ownership change
21 Jun 21
3
theMaven / Daniel Shribman ownership change
21 Jun 21
4
theMaven / BRYANT R RILEY ownership change
24 May 21
4
theMaven / Jill Marchisotto ownership change
29 Mar 21
3
theMaven / Avi Zimak ownership change
25 Mar 21
3
theMaven / David F Bailey ownership change
24 Mar 21
4
theMaven / ERIC SEMLER ownership change
22 Mar 21
3
theMaven / ERIC SEMLER ownership change
22 Mar 21