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WSTG Wayside Technology

Wayside Technology Group, Inc. engages in the distribution of software developed by others through resellers indirectly to customers. It operates through the Lifeboat Distribution and TechXtend segments. The Lifeboat Distribution segment supplies technical software to corporate resellers, value added resellers, consultants, and systems integrators. The TechXtend segment resells software, hardware, and services for corporations, government organizations, and academic institutions. The company was founded by Edwin Huffman Morgens in 1982 and is headquartered in Eatontown, NJ.

Company profile

Ticker
WSTG
Exchange
CEO
Dale Ricahrd Foster
Employees
Incorporated
Location
Fiscal year end
Former names
PROGRAMMERS PARADISE INC
SEC CIK
IRS number
133136104

WSTG stock data

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Calendar

16 Mar 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 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) 29.35M 29.35M 29.35M 29.35M 29.35M 29.35M
Cash burn (monthly) 3.65M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 12.57M n/a n/a n/a n/a n/a
Cash remaining 16.78M n/a n/a n/a n/a n/a
Runway (months of cash) 4.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Mar 21 Carol A DiBattiste Common Stock Buy Aquire P No No 25.68 1,105 28.38K 5,000
23 Feb 21 Dale Richard Foster Common Stock Grant Aquire A No No 0 16,040 0 65,139
23 Feb 21 Legrottaglie Vito Common Stock Payment of exercise Dispose F No No 20.265 94 1.9K 56,786
23 Feb 21 Legrottaglie Vito Common Stock Grant Aquire A No No 0 8,330 0 56,880
23 Feb 21 Bass Charles Edward Common Stock Payment of exercise Dispose F No No 20.265 79 1.6K 25,669
23 Feb 21 Bass Charles Edward Common Stock Grant Aquire A No No 0 9,250 0 25,748
23 Feb 21 Vesey Michael Common Stock Payment of exercise Dispose F No No 20.265 226 4.58K 45,435
23 Feb 21 Vesey Michael Common Stock Grant Aquire A No No 0 13,570 0 45,661

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

39.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 28 28
Opened positions 4 5 -20.0%
Closed positions 4 2 +100.0%
Increased positions 9 6 +50.0%
Reduced positions 11 11
13F shares
Current Prev Q Change
Total value 33.34M 37.88M -12.0%
Total shares 1.75M 1.64M +6.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
FMR 528.99K $10.1M +5.2%
Renaissance Technologies 291.8K $5.57M +6.3%
Vanguard 217.64K $4.16M -13.1%
BLK Blackrock 149.95K $2.87M -0.8%
Dimensional Fund Advisors 129.31K $2.47M -4.0%
Ancora Advisors 83.52K $1.6M +543.9%
Zenith Sterling Advisers 70K $1.34M NEW
Bridgeway Capital Management 53.3K $1.02M +5.3%
Albert D Mason 37.49K $716K -0.2%
LSV Asset Management 34.2K $653K 0.0%
Largest transactions
Shares Bought/sold Change
Ancora Advisors 83.52K +70.55K +543.9%
Zenith Sterling Advisers 70K +70K NEW
Vanguard 217.64K -32.7K -13.1%
Steamboat Capital Partners 0 -31.09K EXIT
EAM Investors 0 -28.95K EXIT
FMR 528.99K +26.09K +5.2%
Susquehanna International 21.7K +21.7K NEW
Renaissance Technologies 291.8K +17.2K +6.3%
Punch & Associates Investment Management 18.7K +6.7K +55.8%
Dimensional Fund Advisors 129.31K -5.43K -4.0%

Financial report summary

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Competition
Arrow ElectronicsTech DataSynnex
Management Discussion
  • On April 30, 2020 we completed the acquisition of Interwork Technologies Inc. (“Interwork”) for a purchase price of $3.6 million, subject to certain working capital adjustments, and a potential earnout of $0.8 million payable approximately one year after the acquisition date. The operating results of Interwork are included in our operating results effective May 1, 2020. See further information on acquisition accounting in Note 6 to the Consolidated Financial Statements in Item 1 of this report.
  • On November 6, 2020 we completed the acquisition of CDF Group Limited (“CDF”) for a purchase price of $17.4 million, subject to certain working capital adjustments. The operating results of CDF are included in our operating results effective November 7, 2020. See further information on acquisition accounting in Note 6 to the Consolidated Financial Statements in Item 1 of this report.
  • Operating results of Interwork are included in our Distribution segment. Operating results of CDF are included in either our Distribution segment or Solutions segment.
Content analysis
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Positive
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