Company profile

BBSI stock data

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Calendar

4 Nov 20
24 Jan 21
31 Dec 21

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 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 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) 188.28M 188.28M 188.28M 188.28M 188.28M 188.28M
Cash burn (monthly) (positive/no burn) 2.42M (positive/no burn) (positive/no burn) (positive/no burn) 5.02M
Cash used (since last report) n/a 9.24M n/a n/a n/a 19.17M
Cash remaining n/a 179.04M n/a n/a n/a 169.1M
Runway (months of cash) n/a 74.1 n/a n/a n/a 33.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
6 Jan 21 Meeker Anthony Common Stock Sell Dispose S No 70 312 21.84K 16,025
6 Jan 21 Meeker Anthony Common Stock Option exercise Aquire M No 16.53 1,250 20.66K 16,337
6 Jan 21 Meeker Anthony Stock Options Common Stock Option exercise Dispose M No 16.53 1,250 20.66K 1,250
4 Jan 21 Justesen Jon L Common Stock Option exercise Aquire M No 16.53 2,000 33.06K 9,421
4 Jan 21 Justesen Jon L Stock Options Common Stock Option exercise Dispose M No 16.53 2,000 33.06K 0
21 Dec 20 Meeker Anthony Common Stock Sell Dispose S No 69.21 2,500 173.02K 15,087
21 Dec 20 Meeker Anthony Common Stock Option exercise Aquire M No 16.53 2,500 41.33K 17,587
21 Dec 20 Meeker Anthony Stock Options Common Stock Option exercise Dispose M No 16.53 2,500 41.33K 2,500
9 Dec 20 Justesen Jon L Common Stock Sell Dispose S No 70.6 1,000 70.6K 7,421
9 Dec 20 Justesen Jon L Common Stock Option exercise Aquire M No 16.53 1,000 16.53K 8,421
0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 1 1
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Huntington National Bank 1 $0 0.0%
Largest transactions
Shares Bought/sold Change
Huntington National Bank 1 0 0.0%

Financial report summary

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Risks
  • Risks Relating to Our Business and Industry
  • Our ability to continue our business operations under our present service model is dependent on maintaining workers' compensation insurance coverage.
  • Collateral requirements could increase beyond our ability to satisfy those requirements.
  • Failure to manage the severity and frequency of workplace injuries will increase our workers’ compensation expenses.
  • We may be unable to draw on our revolving credit facility in the future.
  • Our business is subject to risks associated with geographic market concentration.
  • In order to continue to grow revenues, we are dependent on retaining current clients and attracting new clients.
  • Our business is subject to risks associated with healthcare reforms.
  • Changes in our income tax positions or adverse outcomes resulting from on-going or future tax audits could harm our business, operating results, financial condition and prospects.
  • If we are unable to maintain our brand image and corporate reputation, our business may suffer.
  • Because we assume the obligation to make wage, tax and regulatory payments in respect of some employees, we are exposed to client credit risks.
  • Increases in unemployment claims could raise our state and federal unemployment tax rates which we may not be able to pass on to our customers.
  • If we are determined not to be an “employer” under certain laws and regulations, our clients may stop using our services, and we may be subject to additional liabilities.
  • We are dependent upon technology services, and if we experience damage, service interruptions or failures in our computer and telecommunications systems, our client relationships and our ability to attract new clients may be adversely affected.
  • We depend on third-party software in order to provide our services and support our operations.
  • We operate in a complex regulatory environment, and failure to comply with applicable laws and regulations could adversely affect our business.
  • The tax status of our insurance subsidiaries could be challenged by taxing authorities resulting in increased or accelerated income tax payments.
  • Our wholly owned insurance companies are subject to substantial government regulation.
  • We may find it difficult to expand our business into additional states due to varying state regulatory requirements.
  • To succeed, we must constantly improve our technology to meet the expectations of our clients. If we fail to meet those expectations, we may lose clients and harm our business.
  • We are dependent upon certain key personnel and recruitment and retention of key employees may be difficult and expensive.
  • We depend on attracting and retaining qualified employees; during periods of economic growth, our costs to do so increase and attracting and retaining people becomes more difficult.
  • Our service agreements may be terminated on short notice, leaving us vulnerable to a significant loss of customers in a short period of time, if business or regulatory conditions change or events occur that negatively affect our reputation.
  • Changes in federal and state unemployment tax laws and regulations could adversely affect our business.
  • Maryland law and our Charter and bylaws contain provisions that could make the takeover of the Company more difficult.
Management Discussion
  • We report PEO revenues net of direct payroll costs because we are not the primary obligor for wage payments to our clients’ employees. However, management believes that gross billing amounts and wages are useful in understanding the volume of our business activity and serve as an important performance metric in managing our operations, including the preparation of internal operating forecasts and establishing executive compensation performance goals. We therefore present for purposes of analysis gross billing and wage information for the years ended December 31, 2019, 2018 and 2017. 
  • Because safety incentives represent consideration payable to PEO customers, safety incentive costs are netted against PEO revenue in our consolidated statements of operations. Management considers safety incentives to be an integral part of our workers’ compensation program because they encourage client companies to maintain safe-work practices and minimize workplace injuries. We therefore present below for purposes of analysis non-GAAP gross workers’ compensation expense, which represents workers’ compensation costs including safety incentive costs. We believe this non-GAAP measure is useful in evaluating the total costs of our workers’ compensation program.
  • In monitoring and evaluating the performance of our operations, management also reviews the following ratios, which represent selected amounts as a percentage of gross billings. Management believes these ratios are useful in understanding the efficiency and profitability of our service offerings.
Content analysis ?
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H.S. sophomore Avg
New words: Award, discount, foreseeable, forma, half, hearing, Mexico, Nonqualified, October, pro, reinstated, reverted, similar, strongly, Summary, window
Removed: approval, August, headcount, sheet