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Falconstor Software (FALC)

FalconStor is a data management software company based in Austin, Texas. FalconStor was co-founded in 2000 in New York by Computer Associates veterans ReiJane Huai and Wayne Lam. In 2007 the company started a joint-venture with the Chinese Academy of Sciences for the Blue Whale file system. The joint venture was named Tianjin Zhongke Blue Whale Information Technologies Company, located in Tianjin, China.[citation needed] FalconStor was listed at #5 in the Forbes 2008 list of 25 fastest growing technology companies. In August 2009, FalconStor, in a joint-venture with Nexsan to create the co-branded DeDupe SG. In 2011 CRN added FalconStor to their List of 25 “Need to Know: Storage Vendors”.

Company profile

FALC stock data

Calendar

11 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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) 3.38M 3.38M 3.38M 3.38M 3.38M 3.38M
Cash burn (monthly) (no burn) (no burn) 410.22K 61.97K (no burn) 67.23K
Cash used (since last report) n/a n/a 1.18M 178.13K n/a 193.25K
Cash remaining n/a n/a 2.2M 3.2M n/a 3.19M
Runway (months of cash) n/a n/a 5.4 51.7 n/a 47.4

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 May 22 Robert Todd Brooks Common Stock Buy Acquire P No No 1.31 3,500 4.59K 78,946
17 May 22 Barry Rudolph Common Stock Grant Acquire A No No 1.39 8,500 11.82K 15,116
11 Feb 22 Vincent Sita Common Stock Grant Acquire A No No 0 56,615 0 56,615
16 Nov 21 Robert Todd Brooks Common Stock Buy Acquire P No No 2.92 350 1.02K 57,047
19.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 3 1 +200.0%
Opened positions 2 1 +100.0%
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 1.51M 630K +140.0%
Total shares 1.34M 175K +668.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Nantahala Capital Management 651.55K $1.19M NEW
Bard Associates 517.95K $0 NEW
Herald Investment Management 175K $320K 0.0%
Largest transactions Shares Bought/sold Change
Nantahala Capital Management 651.55K +651.55K NEW
Bard Associates 517.95K +517.95K NEW
Herald Investment Management 175K 0 0.0%

Financial report summary

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Competition
DellDell
Risks
  • Our revenues decreased in 2021 compared to 2020. There is no guarantee that we will be able or to maintain, profitability.
  • We have undertaken a restructuring and other cost reduction initiatives to reduce our expenses and to better align our expenses with our business. There can be no assurance that we have made enough reductions or the right reductions.
  • The loss of any of our key personnel could harm our business.
  • Due to the uncertain and shifting development of the data protection and network storage software markets and our reliance on our partners, we may have difficulty accurately predicting revenue for future periods and appropriately budgeting for expenses.
  • Our products must conform to industry standards in order to be accepted by customers in our markets.
  • Our products handle mission-critical data for our end-customers and are highly technical in nature. If our products have defects, failures occur or end-customer data is lost or corrupted, our reputation and business could be harmed.
  • The failure of our resellers to sell our products effectively could have a material adverse effect on our revenue and results of operations.
  • Our growth depends in part on the success of our strategic relationships with third parties.
  • We rely on channel partners to sell our solutions, and disruptions to, or our failure to develop and manage our channel partners would harm our business.
  • We face intense competition in our market, especially from larger, well-established companies, and we may lack sufficient financial or other resources to maintain or improve our competitive position.
  • Adverse economic conditions or reduced IT spending may adversely impact our business.
  • Our future quarterly results may fluctuate significantly, which could cause our stock price to decline.
  • The ability to predict our future effective tax rates could impact our ability to accurately forecast future earnings.
  • Our business could be materially affected as a result of a natural disaster, terrorist acts, or other catastrophic events.
  • We are dependent on a variety of IT and telecommunications systems, and any failure of these systems could adversely impact our business and operating results.
  • United States government export restrictions could impede our ability to sell our software to certain end users.
  • The international nature of our business could have an adverse effect on our operating results.
  • Foreign currency fluctuations may impact our revenue.
  • If we are unable to protect our intellectual property, our business will suffer.
  • Our efforts to protect our intellectual property may cause us to become involved in costly and lengthy litigation, which could seriously harm our business.
  • Our redemption obligation under the Series A Preferred Stock and indebtedness could adversely affect our financial health.
  • To service our indebtedness, we will require a significant amount of cash. Our ability to generate cash depends on many factors beyond our control. As such, we may not be able to generate sufficient cash to service the Term Notes or our other indebtedness, and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.
  • We are subject to a number of covenants and other conditions, which may restrict our business and financing activities.
  • The likelihood of a change of control in our company could be impacted by the fact that we have a significant amount of authorized but unissued preferred stock, protective provisions in our charter, outstanding Series A Preferred Stock, a staggered board of directors and change of control agreements as well as certain provisions under Delaware law.
  • The conversion and exercise of our outstanding securities and the anticipated grant of restricted stock to our employees will dilute the then-existing stockholders’ percentage ownership of our common stock.
  • There may be a limited public market for our securities; we presently fail to qualify for listing on any national securities exchanges.
  • Our stock price may be volatile.
  • The holders of the Series A Preferred Stock are entitled to dividends on the Series A Preferred Stock they hold. Depending on whether these dividends are paid in cash or stock, the payment of these dividends will either decrease cash that is available to us to invest in our business or dilute the holdings of all other stockholders.
  • The potential concentration of equity ownership by Hale Capital and ESW Capital LLC may limit your ability to influence corporate matters.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: Alucria, Bulletin, consideration, consulting, correct, correction, earlier, entity, error, face, fact, Gladstone, healthy, incidental, joint, month, MRR, par, Peapack, previously, Regulation, reseller, revised, routine, Sita, step, strategic, understatement
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Patents

Utility
Data Deduplication Cache Comprising Solid State Drive Storage and the Like
2 Dec 21
Methods and systems for retrieving deduplicated data by a system having a first storage device and a second storage device to store deduplicated data are described, wherein data is retrievable from the first storage faster than data is retrievable from the second storage, in including receiving a request from a client machine for deduplicated data and determining a location the requested deduplicated data.
Utility
Virtual Storage Container for Data Storage and Archiving
2 Sep 21
A method of storing data, comprises extracting data from a first storage of a storage system; containerizing the data to form a container image, the container image being self-contained and configured to be moved and stored as a unit; and storing the container image in at least one second storage different from the first storage.
Utility
Automated Disaster Recovery System and Method
19 Aug 21
Methods and systems for recovering a host image of a client machine to a recovery machine comprise comparing a profile of a client machine of a first type to be recovered to a profile of a recovery machine of a second type different from the first type, to which the client machine is to be recovered, by a first processing device.
Utility
Systems and Methods for Host Image Transfer
5 Aug 21
Methods and systems for transferring a host image of a first machine to a second machine, such as during disaster recovery or migration, are disclosed.
Utility
Data deduplication cache comprising solid state drive storage and the like
15 Jun 21
Methods and systems for deduplicating data by a system having a first storage device and a second storage device to store deduplicated data are described, wherein data is retrievable from the first storage faster than data is retrievable from the second storage.