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STCN Steel Connect

Steel Connect, Inc. is a company that provides supply chain management services to software companies. During the dot-com bubble, the company, which was then known as CMGI, had a market capitalization of $41 billion and owned the naming rights to the home stadium of the New England Patriots. Between 1995 and 1999, its stock was the best performing stock in the United States, returning 4,921%. After the crash of the bubble, the stock price fell 99%. The company was formerly known as College Marketing Group, CMG Information Systems, CMGI Inc., and ModusLink Global Solutions, Inc.

Company profile

Ticker
STCN
Exchange
CEO
Ralph Scobie
Employees
Incorporated
Location
Fiscal year end
Former names
CMG INFORMATION SERVICES INC, CMGI INC, ModusLink Global Solutions Inc
SEC CIK
IRS number
42921333

STCN stock data

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Calendar

10 Mar 21
13 Apr 21
31 Jul 21
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 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) 94.25M 94.25M 94.25M 94.25M 94.25M 94.25M
Cash burn (monthly) 7.58M (positive/no burn) (positive/no burn) (positive/no burn) 6.85M (positive/no burn)
Cash used (since last report) 18.62M n/a n/a n/a 16.82M n/a
Cash remaining 75.63M n/a n/a n/a 77.43M n/a
Runway (months of cash) 10.0 n/a n/a n/a 11.3 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Jeffrey J Fenton Common Stock, $0.01 par value Grant Aquire A No No 0 13,674 0 391,006
1 Apr 21 Howard Jack L Common Stock, $0.01 par value Grant Aquire A No No 0 13,674 0 1,858,795
1 Apr 21 Glen M Kassan Common Stock, $0.01 par value Grant Aquire A No No 0 13,674 0 345,250
1 Apr 21 Warren G Lichtenstein Common Stock, $0.01 par value Grant Aquire A No No 0 13,674 0 3,648,532
1 Apr 21 Maria Molland Common Stock, $0.01 par value Grant Aquire A No No 0 13,674 0 108,734

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

67.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 30 -96.7%
Opened positions 0 2 EXIT
Closed positions 29 2 +1350.0%
Increased positions 1 8 -87.5%
Reduced positions 0 7 EXIT
13F shares
Current Prev Q Change
Total value 29.85M 15.86M +88.2%
Total shares 42.33M 29.24M +44.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
SPLP Steel Partners 42.33M $29.85M +132.8%
Largest transactions
Shares Bought/sold Change
SPLP Steel Partners 42.33M +24.15M +132.8%
Renaissance Technologies 0 -2.44M EXIT
Gabelli Funds 0 -1.82M EXIT
GBL Gamco Investors 0 -1.51M EXIT
Kennedy Capital Management 0 -1.18M EXIT
BLK Blackrock 0 -1.1M EXIT
Solas Capital Management 0 -799.37K EXIT
Vanguard 0 -556.19K EXIT
Dimensional Fund Advisors 0 -508.17K EXIT
Bridgeway Capital Management 0 -287.5K EXIT

Financial report summary

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Management Discussion
  • Net revenue decreased by approximately $59.4 million during the three months ended January 31, 2021, as compared to the same period in the prior year. During the three months ended January 31, 2021, net revenue for the Direct Marketing segment decreased by approximately $32.0 million primarily driven by lower volume due to the COVID-19 pandemic, partially offset by a higher average price per package mailed. This decrease in net revenue was primarily associated with customers in the MSO and financial markets. Within the Supply Chain segment, net revenues decreased by approximately $27.4 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 January 31, 2021, as compared to the same period in the prior year.
Content analysis
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Positive
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: American, Appendix, attrition, counsel, inability, model, parent, small, trial
Removed: attached, correction, declared, entry, lieu