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Plantronics (POLY)

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
SEC CIK
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

Calendar

27 May 22
9 Aug 22
2 Apr 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Apr 22 Apr 21 Mar 20 Mar 19
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) 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

Beta Read what these cash burn values mean

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
98.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 187 153 +22.2%
Opened positions 53 16 +231.3%
Closed positions 19 26 -26.9%
Increased positions 48 56 -14.3%
Reduced positions 63 50 +26.0%
13F shares Current Prev Q Change
Total value 1.7B 2.14B -20.3%
Total shares 43.15M 43.59M -1.0%
Total puts 281.5K 141.8K +98.5%
Total calls 811.1K 287.5K +182.1%
Total put/call ratio 0.3 0.5 -29.6%
Largest owners Shares Value Change
BLK Blackrock 6.8M $267.93M +1.6%
Primecap Management 6.33M $249.56M -0.0%
Vanguard 4.65M $183.03M -8.7%
Disciplined Growth Investors 2.62M $103.22M +2.3%
Magnetar Financial 1.99M $78.31M NEW
STT State Street 1.48M $58.31M +2.9%
AMP Ameriprise Financial 1.45M $57.15M -79.4%
Marshall Wace 1.16M $45.6M +46.2%
Water Island Capital 1.11M $43.85M NEW
Schroder Investment Management 1.08M $42.62M -7.6%
Largest transactions Shares Bought/sold Change
AMP Ameriprise Financial 1.45M -5.6M -79.4%
FMR 1.66K -2M -99.9%
Magnetar Financial 1.99M +1.99M NEW
Water Island Capital 1.11M +1.11M NEW
IVZ Invesco 279.62K -791.1K -73.9%
Arp Americas 701.51K +701.51K NEW
Jacobs Levy Equity Management 39.04K -694.32K -94.7%
Schonfeld Strategic Advisors 655.49K +562.99K +608.6%
JPM JPMorgan Chase & Co. 672.72K +548.1K +439.8%
GS Goldman Sachs 622.63K +501.44K +413.8%

Financial report summary

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Management 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.

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