Poly creates premium audio and video products so people can have the best meeting -- anywhere, anytime, every time. Its headsets, video and audio-conferencing products, desk phones, analytics software and services are beautifully designed and engineered to connect people with incredible clarity. They're pro-grade, easy to use and work seamlessly with all the best video and audio conferencing services. With Poly (Plantronics, Inc. - formerly Plantronics and Polycom), people will do more than just show up, it will stand out.

Company profile
Ticker
POLY
Exchange
Website
CEO
Robert Hagerty
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
CIENA • Netgear • Adtran • Infinera • Fabrinet • Westell • Audiocodes • Pineapple Energy • DZS • Sonim ...
SEC CIK
Corporate docs
Subsidiaries
Plantronics Canada, Inc. • Polycom Australia Pty Ltd. • Frederick Electronics Corp. • Plamex S.A. de C.V. • Polycom, Inc. • Plantronics International Ltd. • Poly Communications International Unlimited Company • Polycom Global (Singapore) Pte. Ltd. • Plantronics Europe Ltd. • Polycom (France) S.A.R.L. ...
IRS number
770207692
POLY stock data
Press releases
HP Announces Extension of the Expiration Date for Exchange Offer for Plantronics Notes
1 Aug 22
Ribbon, Poly and TD SYNNEX Launch Microsoft Teams Enablement Bundle to Simplify and Protect Connections for Hybrid and Other Work Environments
27 Jul 22
HP Announces Early Participation Results in Exchange Offer and Consent Solicitation for Plantronics Notes and Extends Deadline for Early Participation Premium
19 Jul 22
HP Announces Further Extension of Exchange Offer and Consent Solicitation for Plantronics Notes
13 Jul 22
HP Announces Amendment and Extension of Exchange Offer and Consent Solicitation for Plantronics Notes
12 Jul 22
Calendar
27 May 22
9 Aug 22
2 Apr 23
Financial summary
Quarter (USD) | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
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Diluted EPS |
Annual (USD) | Apr 22 | Apr 21 | Mar 20 | Mar 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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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) | 170M | 170M | 170M | 170M | 170M | 170M |
Cash burn (monthly) | 4.23M | 43.87M | 11.54M | 7.17M | 2.57M | 647.42K |
Cash used (since last report) | 17.95M | 186.07M | 48.94M | 30.42M | 10.91M | 2.75M |
Cash remaining | 152.05M | -16.07M | 121.06M | 139.58M | 159.09M | 167.25M |
Runway (months of cash) | 35.9 | -0.4 | 10.5 | 19.5 | 61.8 | 258.3 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Aug 22 | Jouret Guido | COMMON STOCK | Sell | Dispose S | No | No | 39.8 | 800 | 31.84K | 20,026 |
1 Jun 22 | Jouret Guido | COMMON STOCK | Sell | Dispose S | No | Yes | 39.48 | 400 | 15.79K | 20,826 |
17 May 22 | Jouret Guido | COMMON STOCK | Sell | Dispose S | No | Yes | 39.35 | 800 | 31.48K | 21,226 |
10 May 22 | Shull David M | COMMON STOCK | Payment of exercise | Dispose F | No | No | 39.62 | 46,018 | 1.82M | 319,562 |
10 May 22 | Shull David M | COMMON STOCK | Grant | Acquire A | No | No | 0 | 107,866 | 0 | 365,580 |
10 May 22 | Shull David M | COMMON STOCK | Payment of exercise | Dispose F | No | No | 39.62 | 8,969 | 355.35K | 257,714 |
10 May 22 | Shull David M | COMMON STOCK | Grant | Acquire A | No | No | 0 | 97,123 | 0 | 266,683 |
10 May 22 | Carl Wiese | COMMON STOCK | Payment of exercise | Dispose F | No | No | 39.62 | 9,621 | 381.18K | 94,819 |
9 May 22 | Carl Wiese | COMMON STOCK | Grant | Acquire A | No | No | 0 | 24,449 | 0 | 104,440 |
Institutional ownership, Q1 2022
98.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 187 |
Opened positions | 53 |
Closed positions | 19 |
Increased positions | 48 |
Reduced positions | 63 |
13F shares | Current |
---|---|
Total value | 1.7B |
Total shares | 43.15M |
Total puts | 281.5K |
Total calls | 811.1K |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.8M | $267.93M |
Primecap Management | 6.33M | $249.56M |
Vanguard | 4.65M | $183.03M |
Disciplined Growth Investors | 2.62M | $103.22M |
Magnetar Financial | 1.99M | $78.31M |
STT State Street | 1.48M | $58.31M |
AMP Ameriprise Financial | 1.45M | $57.15M |
Marshall Wace | 1.16M | $45.6M |
Water Island Capital | 1.11M | $43.85M |
Schroder Investment Management | 1.08M | $42.62M |
Financial report summary
?Competition
Apple • ClearOne • Cisco Systems • Logitech International • Audiocodes • Avaya • Zte • Turtle Beach • RazerManagement Discussion
- Total net revenues for Fiscal Year 2022 were $1,681.1 million, a decrease of $46.5 million or 2.7%, compared to Fiscal Year 2021, primarily driven by decreased sales in our Headsets and Services product categories, partially offset by increased sales in our Video and Voice product categories.
- Product gross margin for Fiscal Year 2022 decreased from 41.3% in the prior year to 37.0%, primarily driven by increased component costs, unfavorable product mix, and increased transportation costs.
- In May 2021, we redeemed the outstanding principal and accrued interest on the 5.50% Senior Notes of $493.9 million. In June 2021, the Company entered into a three-year amortizing interest rate swap agreement with Bank of America, N.A. The swap has an initial notional amount of $680 million and matures on July 31, 2024. Refer to further discussion in Note 8, Debt, and Note 13, Derivatives, of the accompanying notes to the consolidated financial statements included within “Item 8. Financial Statements and Supplementary Data” of this Annual Report on Form 10-K.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
absence, aforementioned, AI, al, allegedly, analyst, Annex, Appspace, arisen, awaiting, Britain, burdensome, Colombia, compounded, contemplated, contemporary, Continental, declaratory, deeply, Del, depth, derecognition, dismissed, drawdown, DTEN, duly, false, forever, forge, freely, freezing, Germany, Great, Hansen, hast, Hoffman, HP, Huddly, Hue, illegal, impression, inflation, inflationary, ingrained, invasion, Lenovo, lien, lineup, merit, misleading, neutral, OS, paragraph, pendency, Pennsylvania, pm, Prism, proceeding, relax, remanded, requisite, rescind, respectfully, restraining, restraint, Rodino, RSU, Russian, sanctioning, signage, smooth, Southern, spot, Stein, text, thereunder, treated, Ukraine, unusual, Vaddio, Vicknair, Voyager, wage, waiting, Whitfield, workspace
Removed:
advertising, applying, architecture, arrive, assembled, assume, calculating, ClearOne, composition, concurrent, consistent, convey, Cooperation, coverage, developer, discovered, Erosion, finalized, footprint, GmbH, guaranteeing, informational, interpret, LifeSize, Manager, measure, NA, naturally, Netcom, netted, OECD, opening, participant, participating, prepaid, prepayment, promoted, promulgation, reached, recommended, reflected, saved, scale, Sennheiser, shared, Snom, span, speed, today, Topic, unaudited, unpredictability, unsecured, unsubordinated, utilized, Vidyo, worked, xxi, xxii, ZTE
Current reports
8-K
Entry into a Material Definitive Agreement
27 Jul 22
8-K
Poly Announces Stockholder
23 Jun 22
8-K
Poly Announces Fourth Quarter and Full-Year Fiscal 2022 Financial Results
27 May 22
8-K
HP Inc. to Acquire Poly
28 Mar 22
8-K
Departure of Directors or Certain Officers
18 Feb 22
8-K
Poly Announces Third Quarter Fiscal 2022 Financial Results
8 Feb 22
8-K
Entry into a Material Definitive Agreement
29 Dec 21
8-K
Poly Announces Second Quarter Fiscal 2022 Financial Results
28 Oct 21
8-K
Departure of Directors or Certain Officers
30 Sep 21
8-K
Poly Announces First Quarter Fiscal 2022 Financial Results
29 Jul 21
Registration and prospectus
S-8
Registration of securities for employees
30 Jul 21
S-8
Registration of securities for employees
14 Sep 20
S-8
Registration of securities for employees
28 Jul 20
S-8
Registration of securities for employees
5 Nov 19
S-3ASR
Automatic shelf registration
17 May 19
S-8
Registration of securities for employees
11 Sep 18
S-8
Registration of securities for employees
30 Oct 17
S-8
Registration of securities for employees
30 Jan 17
S-8
Registration of securities for employees
4 Nov 15
S-8
Registration of securities for employees
5 Aug 13
Proxies
DEF 14A
Definitive proxy
25 Jul 22
DEFR14A
Revised proxy
13 Jun 22
DEFA14A
Additional proxy soliciting materials
2 Jun 22
DEFA14A
Additional proxy soliciting materials
19 May 22
DFAN14A
Additional proxy materials by non-management
18 May 22
DEFM14A
Proxy related to merger
17 May 22
PREM14A
Preliminary proxy related to merger
29 Apr 22
DEFA14A
Additional proxy soliciting materials
28 Mar 22
DEFA14A
Additional proxy soliciting materials
28 Mar 22
DEFA14A
Additional proxy soliciting materials
28 Mar 22
Other
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
29 May 20
CORRESP
Correspondence with SEC
14 Apr 20
UPLOAD
Letter from SEC
13 Apr 20
CORRESP
Correspondence with SEC
9 Apr 20
UPLOAD
Letter from SEC
5 Apr 20
CORRESP
Correspondence with SEC
9 Mar 20
UPLOAD
Letter from SEC
11 Feb 20
SD
Conflict minerals disclosure
31 May 19
Ownership
4
PLANTRONICS / GUIDO JOURET ownership change
4 Aug 22
4
PLANTRONICS / GUIDO JOURET ownership change
2 Jun 22
4
PLANTRONICS / GUIDO JOURET ownership change
18 May 22
4
PLANTRONICS / CHARLES D BOYNTON ownership change
12 May 22
4
PLANTRONICS / LISA MARIE BODENSTEINER ownership change
12 May 22
4
PLANTRONICS / CARL WIESE ownership change
12 May 22
4
PLANTRONICS / David M Shull ownership change
12 May 22
4
PLANTRONICS / CHARLES D BOYNTON ownership change
4 May 22
SC 13G/A
PLANTRONICS / AMERIPRISE FINANCIAL ownership change
11 Apr 22
4
PLANTRONICS / GUIDO JOURET ownership change
1 Mar 22
Patents
Utility
Method For Robust Directed Source Separation
4 Aug 22
An apparatus includes an interface for microphones, a separated source processor configured to analyze channels from the microphones, and a voice activity detector (VAD) circuit.
Utility
Smart audio muting in a videoconferencing system
2 Aug 22
A smart muting method for a teleconference or videoconference participant includes detecting audio of an audio-video stream; analyzing video data of the audio-video stream with respect to the detected audio; determining that the audio corresponds to an intended communication, based on the analyzing video data of the audio-video stream with respect to the detected audio; and rendering the audio, responsive to determining that the audio corresponds to an intended communication.
Utility
Headset Model Identification With A Resistor
28 Jul 22
An apparatus includes a wire connector configured to receive a connection to an external device.
Utility
Connection switching for Bluetooth headsets
5 Jul 22
A method is disclosed for switching connections of Bluetooth headsets.
Utility
Method and System for Improving Quality of Degraded Speech
23 Jun 22
A system for processing speech signals includes an audio input device configured to obtain an incoming degraded speech signal and an equalizer configured to be programmed by multiple equalizer parameter sets.
Transcripts
2022 Q3
Earnings call transcript
9 Feb 22
2022 Q2
Earnings call transcript
29 Oct 21
2022 Q1
Earnings call transcript
30 Jul 21
2021 Q4
Earnings call transcript
14 May 21
2021 Q3
Earnings call transcript
5 Feb 21
2021 Q2
Earnings call transcript
31 Oct 20
2021 Q1
Earnings call transcript
28 Jul 20
2020 Q4
Earnings call transcript
27 May 20
2020 Q3
Earnings call transcript
4 Feb 20
2020 Q2
Earnings call transcript
5 Nov 19
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Daily Discussion Thread - May 23rd, 2022
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Daily Discussion Thread - May 19th, 2022
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Daily Discussion Thread - May 18th, 2022
18 May 22