TSR below peersNo
2 of 5 years
3+ of last 5 years
High CEO pay despite TSRNo
$2M median
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
187% of net income
Cash flow under 80% of net income
Dilutive SBCNo
4% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
99% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
1% of assets
Over 40% of assets
Shareholder dissentNo
88% lowest support
Any vote under 80% support
Buyer economics 2 of 4
Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AIYes
0.4 per 10K words · 18th pct
Bottom quartile of AI mentions in 10-Ks
Net cashYes
Net cash · 4.8× EBITDA
More cash than debt, positive EBITDA
Buyout-sizedNo
$218M market cap
Market cap $500M–$5B
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY | Trend |
|---|
| Revenue | $134M | $111M | $140M | $139M | $95M | ▼ 32% | |
|---|
| Operating income | $89M | $43M | $84M | $70M | $24M | ▼ 66% | |
|---|
| Net income | $69M | $34M | $68M | $59M | $23M | ▼ 61% | |
|---|
| Operating cash flow | $11M | $42M | $95M | $49M | $43M | ▼ 11% | |
|---|
| Stock-based comp | $1M | $2M | $2M | $4M | $4M | ▲ 1.2% | |
|---|
| Buybacks | $26M | $13M | $11M | $0 | $0 | | |
|---|
| Dividends | $0 | $33M | $32M | $43M | $43M | ▲ 1.1% | |
|---|
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|
| Nov 22, 2021 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES A | SC 13D/A | 4.2% | Passive |
| Sep 17, 2021 | MacAndrews & Forbes Inc. | SC 13D/A | 32.2% | Passive |
| Aug 17, 2021 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES A | SC 13D/A | 3.2% | Active |
| Feb 23, 2021 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES A | SC 13D | 7.0% | Active |
| May 14, 2020 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES A | SC 13D/A | 4.3% | Passive |
| Feb 25, 2020 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES A | SC 13D/A | 4.3% | Passive |
| Feb 13, 2020 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES A | SC 13D/A | 8.6% | Passive |
| Feb 13, 2020 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES A | SC 13D | 8.6% | Passive |
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|
| FY2025 | $3M | $4M | 116 | 120 |
| FY2024 | $5M | $6M | 104 | 91 |
| FY2023 | $2M | $2M | 88 | 92 |
| FY2022 | $2M | $2M | 107 | 89 |
| FY2021 | $2M | $2M | 103 | 99 |