Star Equity Holdings Inc (OQ:STRR)
Business Focus: Prefabricated Homes
| Sector: Consumer Cyclicals | Industry: Homebuilding |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 53 Forest Avenue, Suite 101 OLD GREENWICH CT 06870 |
| Tel: | 1-212-8369611 |
| Website: | https://www.starequity.com |
| IR: | See website |
| Key People | ||
| Jeffrey E. Eberwein Executive Chairman of the Board | Richard K. Coleman Chief Executive Officer | David J. Noble Chief Financial Officer |
| Business Overview |
| Star Equity Holdings, Inc. is a diversified holding company. The Company operates through two divisions: Building Solutions and Investments. The Building Solutions division operates in three businesses, namely modular building manufacturing; structural wall panel, and wood foundation manufacturing, including building supply distribution operations; and glue-laminated timber (glulam) column, beam, and truss manufacturing. The Investments division manages and finances the Company's real estate assets as well as its investment positions in private and public companies. It holds three real estate assets in its portfolio, two of which it leases to KBS Builders, Inc., and the third of which it leases to Glenbrook Building Supply, Inc. These include their principal production facilities in South Paris, Maine and Big Lake, Minnesota, respectively. The Company also owns two additional facilities: glulam manufacturing facility in Colfax, Wisconsin and a manufacturing facility in Oxford, Maine. |
| Financial Overview |
| For the six months ended 30 June 2024, Star Equity Holdings Inc revenues increased 6% to $22.6M. Net loss applicable to common stockholders excluding extraordinary items increased from $2.3M to $7M. Revenues reflect Investments segment increase of 21% to $382K. Higher net loss reflects Building Solutions segment loss totaling $1.7M vs. income of $2M, Investments segment loss increase from $456K to $1.1M. |
| Employees: | 171 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $40.00M as of Jun 30, 2024 |
| Annual revenue (TTM): | $47.15M as of Jun 30, 2024 |
| EBITDA (TTM): | -$6.48M as of Jun 30, 2024 |
| Net annual income (TTM): | -$8.48M as of Jun 30, 2024 |
| Free cash flow (TTM): | -$6.10M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $8.09M as of Jun 30, 2024 |
| Shares outstanding: | 3,230,168 as of Aug 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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