STCN Steel Connect Dashboard

Steel Connect, Inc. is a diversified holding company with two wholly-owned subsidiaries, IWCO Direct Holdings, Inc. and ModusLink Corporation, that serve the direct marketing and supply chain management markets, respectively.

Company profile

Ticker

STCN

Exchange

NASDAQ

Website

www.moduslink.com

CEO

Ralph Scobie

Incorporated

Delaware

Location

Massachusetts

Fiscal year end

Jul 31

Sector

Information > Data Processing, Hosting, and Related Services

Industry (SIC)

Services - Business Services, NEC

Alibaba Group Holding • Visa • Uber • EBay • PayPal • Accenture • Nielsen • Conduent • Mastercard • MultiPlan ...

Former names

CMG INFORMATION SERVICES INC, CMGI INC, ModusLink Global Solutions Inc

SEC CIK

0000914712

Corporate docs

Articles of Incorporation & Bylaws

IRS number

42921333

STCN stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

12 Information Technology Stocks Moving In Friday's Pre-Market Session

18 Jun 21

Steel Connect Q3 EPS $(0.45) Down From $(0.11) YoY, Sales $151.80M Down From $177.35M YoY

3 Jun 21

Steel Connect (NASDAQ:STCN) reported quarterly losses of $(0.45) per share. This is a 309.09 percent decrease over losses of $(0.11) per share from the same period last year. The company reported $151.80 million in

Press releases

Pro users get this 30m faster

IWCO Direct Announces Historic Strategic Investment

11 Jun 21

CHANHASSEN, Minn., June 11, 2021 /PRNewswire/ -- IWCO Direct, a leading provider of data-driven direct marketing solutions, today announced a new strategic plan that features the largest investment in the history of the

Steel Connect Reports Third Quarter Financial Results

3 Jun 21

Third Quarter 2021 Results Net revenue totaled $151.8 million, as compared to $177.4 million in the prior year Net loss was $27.6 million, as compared to net loss of $6.2 million in the prior year Net loss

Calendar

3 Jun 21

29 Jul 21

31 Jul 21

Financial summary

Financial statements Chart STCN financial data

Quarter (USD)	Apr 21	Jan 21	Oct 20	Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jul 20	Jul 19	Jul 18	Jul 17
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)	105.98M	105.98M	105.98M	105.98M	105.98M	105.98M
Cash burn (monthly)	(positive/no burn)	117.33K	6.33M	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	n/a	351.23K	18.96M	n/a	n/a	n/a
Cash remaining	n/a	105.63M	87.02M	n/a	n/a	n/a
Runway (months of cash)	n/a	900.2	13.7	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

STCN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jul 21	John Ashe	Common Stock, $0.01 par value	Payment of exercise	Dispose F	No	No	2	65,300	130.6K	334,700
1 Jul 21	Jeffrey J Fenton	Common Stock, $0.01 par value	Grant	Aquire A	No	No	0	11,891	0	402,897
1 Jul 21	Howard Jack L	Common Stock, $0.01 par value	Grant	Aquire A	No	No	0	11,891	0	1,870,686
1 Jul 21	Glen M Kassan	Common Stock, $0.01 par value	Grant	Aquire A	No	No	0	11,891	0	357,141
1 Jul 21	Fawaz Khalil	Common Stock, $0.01 par value	Payment of exercise	Dispose F	No	No	2	15,188	30.38K	84,812

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

STCN institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

45.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	36	1	+3500.0%
Opened positions	35	0	NEW
Closed positions	0	29	EXIT
Increased positions	0	1	EXIT
Reduced positions	1	0	NEW

13F shares	Current	Prev Q	Change
Total value	57.33M	29.85M	+92.1%
Total shares	28.96M	42.33M	-31.6%
Total puts	0	0
Total calls	25.9K	0	NEW
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
SPLP Steel Partners	18.18M	$36M	-57.0%
Renaissance Technologies	2.64M	$5.23M	NEW
Vanguard	1.76M	$3.49M	NEW
Gabelli Funds	1.62M	$3.2M	NEW
GBL Gamco Investors	1.19M	$2.37M	NEW
BLK Blackrock	1.1M	$2.19M	NEW
Solas Capital Management	799.37K	$1.58M	NEW
Geode Capital Management	219.29K	$434K	NEW
NJ State Employees Deferred Compensation Plan	210K	$416K	NEW
Bridgeway Capital Management	206.15K	$408K	NEW

Largest transactions	Shares	Bought/sold	Change
SPLP Steel Partners	18.18M	-24.15M	-57.0%
Renaissance Technologies	2.64M	+2.64M	NEW
Vanguard	1.76M	+1.76M	NEW
Gabelli Funds	1.62M	+1.62M	NEW
GBL Gamco Investors	1.19M	+1.19M	NEW
BLK Blackrock	1.1M	+1.1M	NEW
Solas Capital Management	799.37K	+799.37K	NEW
Geode Capital Management	219.29K	+219.29K	NEW
NJ State Employees Deferred Compensation Plan	210K	+210K	NEW
Bridgeway Capital Management	206.15K	+206.15K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net revenue decreased by approximately $25.6 million during the three months ended April 30, 2021, as compared to the same period in the prior year. During the three months ended April 30, 2021, net revenue for the Direct Marketing segment increased by approximately $4.1 million primarily driven by higher volume, partially offset by a slightly lower average price per package mailed. The increase in net revenue was primarily associated with customers in the financial industry. Within the Supply Chain segment, net revenues decreased by approximately $29.6 million. This decrease in net revenue was primarily driven by lower volume associated with clients in the computing and consumer electronics markets. Fluctuations in foreign currency exchange rates had an insignificant impact on the Supply Chain segment's net revenues for the three months ended April 30, 2021, as compared to the same period in the prior year.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: anticipated, CIP, EBITDA, function, inserting, insertion, JASON, landscape, Mexico, platform, Saleslink, significantly, Sol, summary, upgrade, WONG

Removed: reserve, variable

From filing 10-Q 2021 Q3