STCN - Dividend announcements

First Quarter 2025 Results Steel Connect, Inc. (the "Company") (NASDAQ:STCN) today announced financial results for its first quarter ended October 31, 2024. Results of Operations     Three Months Ended October 31,       2024       2023       (in thousands) Net revenue   $ 50,487     $ 41,341   Net income     2,365       4,436   Net income attributable to common stockholders     1,828       3,900   Adjusted EBITDA*  

Steel Connect, Inc. (the "Company") (NASDAQ:STCN) today announced financial results for its fourth quarter and fiscal year ended July 31, 2024. Results of Operations Due to the previously disclosed application of pushdown accounting, the Company's consolidated financial statements include a black line division between the two distinct periods to indicate the application of two different bases of accounting, which may not be comparable, between the periods presented. The pre-exchange period through April 30, 2023, is referred to as the "Predecessor" period. The post-exchange period, May 1, 2023, and onward, includes the impact of pushdown accounting and is referred to as the "Successor" pe

Steel Connect, Inc. (the "Company") (NASDAQ:STCN) today announced financial results for its third quarter ended April 30, 2024. Results of Operations During the current quarter, the Company booked a $71.5 million non-cash accounting adjustment to net income as a result of a release of a portion of its valuation allowance for certain pre-existing Company deferred tax assets. The release resulted in a one-time non-cash adjustment to income tax benefit of $71.5 million for the quarter ended April 30, 2024. This adjustment to net income has no cash impact and is not expected to reoccur. Due to the previously disclosed application of pushdown accounting, the Company's consolidated financia

Second Quarter 2024 Results Net revenue totaled $43.0 million, as compared to $50.8 million in the same period of the prior fiscal year. Net income was $5.3 million, as compared to a net loss of $0.5 million in the same period of the prior fiscal year. Net income available to common stockholders was $4.8 million, as compared to a net loss available to common stockholders of $1.1 million in the same period of the prior fiscal year. Adjusted EBITDA* was $3.7 million, as compared to $4.6 million in the same period of the prior fiscal year. Net cash provided by operating activities was $0.1 million. Free Cash Flow* totaled $(1.1) million. Total debt was $12.9 million; Net C

First Quarter 2024 Results Net revenue totaled $41.3 million, as compared to $51.4 million in the same period of the prior fiscal year. Net income was $4.4 million, as compared to of $5.0 million in the same period of the prior fiscal year. Net income attributable to common stockholders was $3.9 million, as compared to $4.4 million in the same period of the prior fiscal year. Adjusted EBITDA* was $3.3 million, as compared to $7.3 million in the same period of the prior fiscal year. Net cash provided by operating activities was $6.6 million. Free Cash Flow* totaled $6.0 million. Total debt was $12.3 million; Net Debt* totaled $(264.4) million. Steel Connect, Inc. (the

Fourth Quarter 2023 Results Net revenue from continuing operations totaled $40.8 million, as compared to $53.0 million in the prior year. Net income from continuing operations was $8.1 million, as compared to $2.9 million in the prior year. Net income attributable to common stockholders was $7.6 million, as compared to $0.8 million in the prior year. Adjusted EBITDA* was $10.6 million, as compared to $4.7 million in the prior year. Net cash provided by operating activities was $8.5 million. Free Cash Flow* totaled $5.3 million. Total debt was $12.5 million; Net Debt* totaled $(108.9) million. Fiscal Year 2023 Financial Results Net revenue from continuing ope

Third Quarter 2023 Results Net revenue from continuing operations totaled $46.1 million, as compared to $51.5 million in the same period in the prior year. Net income from continuing operations was $3.0 million, as compared to net loss from continuing operations of $9.7 million in the same period in the prior year. Net income attributable to common stockholders was $2.5 million, as compared to net income attributable to common stockholders of $29.7 million in the same period in the prior year. Adjusted EBITDA* was $5.2 million, as compared to $0.9 million in the same period in the prior year. Net cash used in operating activities was $0.6 million. Free Cash Flow* totaled $

Steel Partners Holdings L.P. (NYSE:SPLP), a diversified global holding company ("Steel Partners") and Steel Connect, Inc. (NASDAQ:STCN) ("Steel Connect") today announced that Steel Partners and certain of its affiliates (the "Steel Partners Group") have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the "Preferred Stock", and, such transfer and related transactions, the "Transaction"). Upon approval by the Steel Connect stockholders pursuant to NASDAQ Marketplace Rules, the Preferred Stock will be convertible into an aggregate of 184,891,318 shares of Ste

Second Quarter 2023 Results Net revenue from continuing operations totaled $50.8 million, as compared to $54.3 million in the prior year. Net loss from continuing operations was $0.5 million, as compared to net loss from continuing operations of $1.5 million in the prior year. Net loss attributable to common stockholders was $1.1 million, as compared to net loss attributable to common stockholders of $23.5 million in the prior year. Adjusted EBITDA* was $4.6 million, as compared to $1.8 million in the prior year. Net cash provided by operating activities was $1.3 million. Free Cash Flow* totaled $1.0 million. Total debt, net of unamortized discounts and issuance costs, was $12

First Quarter 2023 Results Net revenue from continuing operations totaled $51.4 million, as compared to $44.4 million in the prior year. Net income from continuing operations was $5.0 million, as compared to net loss from continuing operations of $1.0 million in the prior year. Net income attributable to common stockholders was $4.4 million, as compared to net loss attributable to common stockholders of $20.0 million in the prior year. Adjusted EBITDA* was $7.3 million, as compared to $0.6 million in the prior year. Net cash provided by operating activities was $8.3 million. Free Cash Flow* totaled $7.7 million. Total debt, net of unamortized discounts and issuance costs, was

Fourth Quarter 2022 Results Net revenue from continuing operations totaled $53.0 million, as compared to $47.7 million in the prior year. Net income from continuing operations was $2.9 million, as compared to net loss from continuing operations of $0.4 million in the prior year. Net income attributable to common stockholders was $0.8 million, as compared to net loss attributable to common stockholders of $11.6 million in the prior year. Adjusted EBITDA* was $4.7 million, as compared to $(2.5) million in the prior year. Net cash provided by operating activities was $2.1 million. Free Cash Flow* totaled $1.8 million. Total debt, net of unamortized discounts and issuance costs, w

Third Quarter Fiscal 2022 Results Net revenue totaled $51.5 million, as compared to $49.4 million in the same period in the prior year Net loss from continuing operations, net of income taxes was $9.7 million, as compared to a net loss from continuing operations of $9.3 million in the same period in the prior year Net income attributable to common stockholders was $29.7 million, as compared to a net loss of $28.1 million in the same period in the prior year Adjusted EBITDA* was $0.9 million, as compared to $(0.4) million in the same period in the prior year Net cash used in operating activities was $2.5 million Free Cash Flow* totaled $(2.9) million Total debt, net of unamorti

Second Quarter Fiscal 2022 Results Net revenue totaled $120.6 million, as compared to $156.0 million in the same period in the prior year Net loss was $23.0 million, as compared to a net loss of $2.2 million in the same period in the prior year Net loss attributable to common stockholders was $23.5 million, as compared to a net loss of $2.7 million in the same period in the prior year Adjusted EBITDA* was $1.0 million, as compared to $21.2 million in the same period in the prior year Net cash used in operating activities was $12.7 million Free Cash Flow* totaled $(16.2) million Total debt, net of unamortized discounts and issuance costs, was $371.1 million; Net Debt* tot

First Quarter 2021 Results Net revenue totaled $125.4 million, as compared to $169.9 million in the same period in the prior year Net loss was $19.5 million, as compared to net loss of $3.6 million in the same period in the prior year Net loss attributable to common stockholders was $20.0 million, as compared to net loss of $4.1 million in the same period in the prior year Adjusted EBITDA* was $3.8 million, as compared to $22.5 million in the same period in the prior year Net cash used in operating activities was $10.4 million Free Cash Flow* totaled $(15.2) million Total debt, net of unamortized discounts and issuance costs, was $372.1 million; Net Debt* totaled $296.4

Fourth Quarter 2021 Results Net revenue totaled $136.0 million, as compared to $164.9 million in the prior year Net loss was $11.0 million, as compared to net loss of $0.4 million in the prior year Net loss attributable to common stockholders was $11.6 million, as compared to net loss of $0.9 million in the prior year Adjusted EBITDA* was $7.1 million, as compared to $24.9 million in the prior year Net cash provided by operating activities was $2.1 million Free Cash Flow* totaled $1.3 million Total debt, net of unamortized discounts and issuance costs, was $373.1 million; Net Debt* totaled $282.3 million Fiscal Year 2021 Financial Results Net revenue totaled $613.8 million

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its third quarter ended April 30, 2021. “As we emerge from the pandemic, we remain focused on our highest-return priorities to generate long-term value for all stakeholders,” said Interim Chief Executive Officer and Executive Chairman Warren Lichtenstein. “The Special Committee of the Board of Directors is still evaluating Steel Partners’ proposal to purchase all outstanding shares of Steel Connect not currently owned by Steel Partners or its affiliates. In the Direct Marketing segment, the Board of Directors approved a Competitive Improvement Plan aimed at expan

Third Quarter 2021 Results Net revenue totaled $151.8 million, as compared to $177.4 million in the prior year Net loss was $27.6 million, as compared to net loss of $6.2 million in the prior year Net loss attributable to common stockholders was $28.1 million, as compared to net loss of $6.7 million in the prior year Adjusted EBITDA* was $16.5 million, as compared to $16.7 million in the prior year Net cash provided by operating activities was $15.8 million Free Cash Flow* totaled $15.2 million Total debt, net of unamortized discounts and issuance costs, was $374.2 million; Net Debt* totaled $283.2 million Nine-Month Financial Results Net revenue totaled $477.8 million, as

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its second quarter ended January 31, 2021.     Three Months Ended January 31,   Six Months Ended January 31,     2021   2020   2021   2020     (in thousands) Net revenue   $ 156,047     $ 215,452     $ 325,981     $ 440,605   Net (loss) income     (2,196 )     (3,557 )     (5,747 )     1,235   Net (loss) income attributable to common stockholders     (2,726 )     (4,088 )

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its first quarter ended October 31, 2020.     Three Months Ended October 31,     2020   2019     (in thousands) Net revenue   $ 169,934     $ 225,153   Net (loss) income   (3,551 )   4,792   Net (loss) income attributable to common stockholders   (4,088 )   4,256   Adjusted EBITDA*   22,536     22,843   Adjusted EBITDA margin*   13.3 %   10.1 % Net cash provided by operating activities   25,727