Annuncio • May 23
Startek Launches Generative AI Platform to Empower Agents and Enhance Customer Experience Startek announced the launch of Startek Generative AI, a comprehensive suite of Generative AI solutions designed to expedite and enhance business processes, ensuring greater efficiency and effectiveness. Startek Generative AI goes beyond simple automation. It empowers businesses with a strategic approach that enhances agent productivity, streamlines operations and personalizes the customer journey. Startek Generative AI utilizes generative AI tools to swiftly identify and address customer needs across various touchpoints. By optimizing HR, training, and operational functions, agents can prioritize responses with enhanced empathy and speed, thus elevating the overall customer experience. From transforming agent training to automating tasks and analyzing sentiment for personalization, Startek Generative AI empowers organizations to enhance every aspect of their CX journey. Key features of Startek Generative AI include: Agent Experience: Revamp agent onboarding and training with interactive modules and tailored coaching. Boost performance through personalised insights and in-the-moment support for exceptional customer experiences. Self Service: Empower customers with voice and text-based self-service options for quick query resolution and enhanced satisfaction. WFH and Compliance: Ensure workforce efficiency and compliance by accurately predicting call volumes and automating quality assurance processes with advanced analytics. Startek GPT: Streamline operations and enhance engagement with concise insights and real-time sentiment analysis for personalised service adjustments. At the core of Startek Generative AI lies Startek GPT, a powerful engine leveraging generative pre-trained transformers. Startek GPT automates tasks, summarizes interactions and analyzes customer sentiment. This enables agents focus on complex issues and deliver a more personalised customer experience. Startek Generative AI has already demonstrated remarkable results for a multinational electronics and hardware manufacturer with a 20% improvement in First Call Resolution (FCR) for 50% of agents, along with a 15% improvement in Voice Average Handling Time (AHT) for 60% of agents. Startek Generative AI isn't just for today's challenges; it's a peek into the future of CX. With a deeply human-centric approach, as businesses adopt Generative AI, Startek Generative AI is poised to redefine customer expectations at every touchpoint. Annuncio • Jan 20
Startek, Inc. Files Form 15 Startek, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share. Annuncio • Oct 12
Startek to Be Delisted Upon Completion of Transaction Startek, Inc. has agreed to be acquired by funds managed by CSP Management Ltd. via an all-cash deal valued at USD 217 million (EUR 205.1 million) in enterprise terms and USD 174 million in equity terms. The deal, which is subject to customary closing conditions, is seen to be finalised by the end of 2023. Upon completion, Startek will be delisted. New Risk • Oct 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$0.001 loss per share (vs US$0.046 profit in 2Q 2022) Second quarter 2023 results: US$0.001 loss per share (down from US$0.046 profit in 2Q 2022). Revenue: US$91.2m (down 46% from 2Q 2022). Net loss: US$31.0k (down 102% from profit in 2Q 2022). Profit margin: 0% (down from 1.1% in 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annuncio • Aug 03
Startek, Inc. to Report Q2, 2023 Results on Aug 10, 2023 Startek, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 New Risk • Jul 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Annuncio • Jun 07
Startek, Inc. Announces Executive Changes Startek, Inc. announced that on May 30, 2023, Nishit Shah gave notice of his intention to resign from his position as Chief Financial Officer. Mr. Shah’s resignation is effective as of June 2, 2023. Also on May 30, 2023, Mr. Shah entered into a Separation Agreement and General Release (the “Separation Agreement”), which addresses the payments and benefits to which Mr. Shah is entitled in connection with his resignation. Under the terms and conditions of the Separation Agreement, Mr. Shah is entitled to receive a payment of INR 8.24 million (approximately $99,619) in connection with his separation from service. The Separation Agreement contains a general release of any claims Mr. Shah may have relating to his employment. In addition, the Separation Agreement contains customary confidentiality and non-disparagement provisions, as well a covenant not to hire, solicit or engage with employees and customers for a period of 24 months. On June 1, 2023, the Company announced the appointment of Mr. Neeraj Jain, age 46, as Chief Financial Officer. Mr. Jain is a Chartered Accountant with over 22 years of extensive experience in areas of global transformations, financial leadership, corporate development & integrations, funding & private equity investments. Prior to joining Startek, Mr. Jain was EVP & CFO at Comviva. He also spearheaded business transformations at Tech Mahindra Global delivering process excellence as a key strategic initiative for growth and profitability and led Enterprise Risk Management for group. Prior to this, Mr. Jain has held key leadership portfolios at Microsoft Corporation, Convergys and Jubilant. Reported Earnings • May 12
First quarter 2023 earnings released: US$0.078 loss per share (vs US$0.031 loss in 1Q 2022) First quarter 2023 results: US$0.078 loss per share (further deteriorated from US$0.031 loss in 1Q 2022). Revenue: US$92.1m (down 45% from 1Q 2022). Net loss: US$3.15m (loss widened 153% from 1Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2022 earnings released: US$0.17 loss per share (vs US$0.037 profit in FY 2021) Full year 2022 results: US$0.17 loss per share (down from US$0.037 profit in FY 2021). Revenue: US$385.1m (down 45% from FY 2021). Net loss: US$6.78m (down US$8.28m from profit in FY 2021). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Jan 06
MCI Capital, LC completed the acquisition of a 7.3% stake in Startek, Inc. (NYSE:SRT) for $12.4 million. MCI Capital, LC made an offer to acquire a 9.9 % stake in Startek, Inc. (NYSE:SRT) for $16.8 million on November 22, 2022. MCI is offering to purchase up to 4,000,000 shares of common stock at a price of $4.20 per Share, net to the seller in cash. The Offeror expect to fund the offer from existing available funds. There is no financing condition to the Offer. However, the Offer is conditioned upon there being validly tendered and not withdrawn in accordance with the terms of the Offer, 2,000,000 Shares, or approximately 5.0%, of the outstanding Shares (collectively, the “Minimum Condition”). On December 15, 2022, the Offeror extended the offer period from December 20, 2022, to January 4, 2023. Peter G. Smith of Kramer Levin Naftalis & Frankel LLP acted as legal advisor to Startek. MacKenzie Partners, Inc. acted as depository and Information Agent for the Offer.
MCI Capital, LC completed the acquisition of a 7.3% stake in Startek, Inc. (NYSE:SRT) for $12.4 million on January 4, 2023. At the time of expiry of offer on January 4, 2023, 2,940,646 shares were validly tendered and not validly withdrawn. Board Change • Dec 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Chairman of the Board Albert Aboody was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 23
Startek, Inc. Approves Election of Anupam Pahuja and N S Balasubramanian as Directors On November 21, 2022, StarTek, Inc. (the “Company”) held its 2022 Annual Meeting of Stockholders, at which the Company’s stockholders voted the election of Anupam Pahuja and N S Balasubramanian as directors to the Company’s board of directors. Annuncio • Oct 27
Startek, Inc. to Report Q3, 2022 Results on Nov 09, 2022 Startek, Inc. announced that they will report Q3, 2022 results on Nov 09, 2022 Annuncio • Oct 13
Startek, Inc., Annual General Meeting, Nov 21, 2022 Startek, Inc., Annual General Meeting, Nov 21, 2022, at 09:00 Mountain Daylight. Location: 4610 South Ulster Street, Suite 150 Denver, CO 80237 Denver United States Agenda: To elect eight directors to hold office for a term of one year until the 2023 Annual Meeting of Stockholders and until their successors are elected and qualified; to ratify the appointment of BDO India LLP as company's independent registered public accounting firm for the year ending December 31, 2022; to hold a non-binding advisory vote to approve the compensation of company's named executive officers; and to consider and act upon such other business as may properly come before the Annual Meeting. Annuncio • Sep 10
Capital Square Partners Pte Ltd cancelled the acquisition of the remaining 44% stake in Startek, Inc. (NYSE:SRT). Capital Square Partners Pte Ltd made a non-binding proposal to acquire the remaining 44% stake in Startek, Inc. (NYSE:SRT) for $82.6 million on August 8, 2022. Capital Square Partners (CSP) has made a proposal to acquire all the shares of Startek for $4.65 per share in cash. This proposal constitutes a revision of CSP’s non-binding proposal, dated December 20, 2021, to acquire all the shares of Startek that CSP does not already own for $5.40 per share in cash. Post the transaction, CSP holding will increase from 56% to 100%. The transaction will be funded with equity financing. Foros acted financial advisor and Freshfields acted legal advisor to the Special Committee of Startek. Scott Petepiece and Roger Morscheiser of Shearman & Sterling LLP acted as legal advisors to CSP.
Capital Square Partners Pte Ltd cancelled the acquisition of the remaining 44% stake in Startek, Inc. (NYSE:SRT) on September 9, 2022. The special committee of the Board of Directors of Startek has rejected the preliminary, non-binding proposal. Annuncio • Aug 11
Capital Square Partners Pte Ltd made a non-binding proposal to acquire the remaining 44% stake in Startek, Inc. (NYSE:SRT) for $82.6. Capital Square Partners Pte Ltd made a non-binding proposal to acquire the remaining 44% stake in Startek, Inc. (NYSE:SRT) for $82.6 million on August 8, 2022. Capital Square Partners (CSP) has made a proposal to acquire all the shares of Startek for $4.65 per share in cash. This proposal constitutes a revision of CSP’s non-binding proposal, dated December 20, 2021, to acquire all the shares of Startek that CSP does not already own for $5.40 per share in cash. Post the transaction, CSP holding will increase from 56% to 100%. The transaction will be funded with equity financing. Foros acted financial advisor and Freshfields acted legal advisor to the Special Committee of Startek. Scott Petepiece and Roger Morscheiser of Shearman & Sterling LLP acted as legal advisors to CSP. Annuncio • Aug 10
Capital Square Partners Pte Ltd cancelled the acquisition of the remaining 44.69% stake in StarTek, Inc. (NYSE:SRT) from Advance Crest Investments Limited and others. Capital Square Partners Pte Ltd entered into a non-binding proposal to acquire the remaining 44.69% stake in StarTek, Inc. (NYSE:SRT) from Advance Crest Investments Limited and others for $98.5 million on December 20, 2021. As per the terms of the transaction, Capital Square Partners shall acquire the remaining 18.2 million shares of StarTek at $5.40 per share. The proposed transaction and all related costs and expenses will be funded by such $20 million of equity financing, with the balance to be funded by debt financing. The transaction may result in a change to the present Board of Directors of StarTek and the delisting of StarTek’s securities from the New York Stock Exchange. The transaction is subject to the approval of the Board of Directors of StarTek and the execution of the definitive agreement. The board of directors of Startek, Inc. (NYSE: SRT) has formed a special committee of independent directors that is authorized, among other things, to evaluate the non-binding proposal, dated December 20, 2021, by CSP Management Limited to acquire all the shares of Startek that it does not already own for $5.40 in cash per share. Shearman & Sterling LLP acted as legal advisor to Capital Square Partners. The special committee has engaged Freshfields as its counsel and Foros as financial advisor
Capital Square Partners Pte Ltd cancelled the acquisition of the remaining 44.69% stake in StarTek, Inc. (NYSE:SRT) from Advance Crest Investments Limited and others effective on August 8, 2022. CSP was not able to arrange a debt and equity financing package on terms acceptable to CSP for its proposal, at $5.40 per share. Annuncio • Jul 28
Startek, Inc. to Report Q2, 2022 Results on Aug 08, 2022 Startek, Inc. announced that they will report Q2, 2022 results on Aug 08, 2022 Annuncio • Jul 27
Startek, Inc. Expands Product Platform to Enhance Employee Experience for Stronger Customer Engagement Startek, Inc. announced the launch of Startek Agent AI, a modular platform combining three AI-powered solutions designed to enhance employee experience (EX) and deliver a superior CX. Together, Startek Coach, Startek Gamification and Startek Knowledge Management will support 43,000 CX experts across the globe to onboard faster, upskill more efficiently and deliver greater value to the customer by reducing the burden of repetitive manual tasks that traditionally fall on contact center agents. Startek Coach brings on-demand training to contact center teams. By simulating real-life customer contacts, including live chat and voice interactions, agents perfect their skills in a safe environment. High-grade speech-to-text transcription and AI models enable Startek AI Coach to prompt best practice actions in real-time, increasing speed to proficiency. A powerful coaching tool, Startek Coach, tracks agent progress over time delivering automated coaching sessions, providing insights and recommending development areas to maximize time spent with live coaches. Startek Coach increases speed to proficiency by as much as 50% . Startek Gamification connects data across contact center metrics to identify agent behaviors and employs AI to provide insights on agent performance. A real-time view of individual performance drives employee engagement while gamification modules drive desired behaviors, leading to operational efficiencies. Startek Gamification can reduce average handle time (AHT) by as much as 10 percent, improve first contact resolution (FCR) by up to 10% and increase customer satisfaction (CSAT) by 5% or more. Startek Knowledge Management combines cognitive algorithms, which continuously learn from enterprise knowledge sources, and enables Startek agents to instantly access the most current information. Without the need to memorize or search for information, agents deliver faster and more consistent resolutions to customer queries and are relieved of the burden of searching for information. This allows agents to focus more of their time on the customer and deliver a more personalized experience. Startek Knowledge Management reduces ticket creation and triage times by up to 35%, reduces manual effort in email customer support by as much as 50% and reduces AHT by up to 20% across all omnichannel interactions. Deployed as a single solution or individual modules, Startek Agent AI improves both the agent and customer experience to deliver superior CX and builds on the success of the Startek Cloud. Startek Cloud combines technology and a process framework, to enable agents to work remotely on any device, while built-in security governance safeguards operations at all times. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 21% share price gain to €3.18, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 20x in the IT industry in Germany. Total loss to shareholders of 45% over the past three years. Annuncio • Jul 06
Startek, Inc. Appoints Sudip Bannerjee as Director and Member of Nominating and Governance Committee On June 28, 2022, the Board of Directors of StarTek, Inc. (the “Company”) appointed Sudip Bannerjee to serve as a director of the Company effective as of July 1, 2022. Mr. Bannerjee has also been appointed to serve as a member of the Nominating and Governance Committee of the Board effective as of July 1, 2022. Mr. Bannerjee fills a vacancy on the Board created on June 28, 2022, when Aparup Sengupta notified the Company of his resignation from the Board effective as of July 1, 2022. Mr. Sengupta’s decision to resign from the Board was a result of his desire to focus his attention on other business matters and was not due to any disagreement with the Company. Sudip Banerjee is an Operating Partner of Capital Square Partners. He is currently on the board of directors of L&T Technologies Ltd, Kesoram Industries Limited and IFB Industries Limited. He is also a member of the advisory board of TAPMI Business School, Jaipur, India. He was the chief executive officer of Larsen & Toubro Infotech Limited between 2008-2011. Prior to that, he worked with Wipro Limited (“Wipro”) from 1983 to 2008 and was the President of the Enterprise Solutions Division at Wipro and a member of the Corporate Executive Council of Wipro between 2002 and 2008. He was a member of the Executive Council of National Association of Software and Service Companies of India during 2000 to 2002 and again from 2009 to 2011. He also served as a member on the Board of Governors of Indian Institute of Information Technology, Allahabad, India. Mr. Banerjee holds a graduate degree in Arts (honours course) in economics from University of Delhi, New Delhi, and a diploma in management from the All India Management Association, New Delhi. In his capacity as a director of the Company, Mr. Bannerjee will be entitled to compensation in accordance with the Company’s policy regarding the compensation of directors and its 2008 Equity Incentive Plan. The Company’s policy regarding the compensation of directors provides for compensation entirely with equity awards. At the start of each quarter, members of the Board, at their option, may elect to receive (1) stock options to purchase shares of common stock with a fair value equivalent to $90,000 (calculated using the Black-Scholes pricing model), (2) common stock with a grant date fair value of $90,000, (3) deferred stock units with a fair value equivalent to $90,000 or (4) any combination of options, stock and deferred stock units. Upon the date of grant, the members of the Board are immediately vested in the stock options, stock and deferred stock units. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 23% share price gain to €3.84, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 23x in the IT industry in Germany. Total loss to shareholders of 47% over the past three years. Reported Earnings • May 11
First quarter 2022 earnings released: US$0.031 loss per share (vs US$0.30 loss in 1Q 2021) First quarter 2022 results: US$0.031 loss per share (up from US$0.30 loss in 1Q 2021). Revenue: US$167.3m (up 2.6% from 1Q 2021). Net loss: US$1.24m (loss narrowed 90% from 1Q 2021). Over the next year, revenue is expected to shrink by 2.9% compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Annuncio • May 03
StarTek, Inc. to Report Q1, 2022 Results on May 09, 2022 StarTek, Inc. announced that they will report Q1, 2022 results on May 09, 2022 Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Gerald Schafer was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.037 (up from US$0.99 loss in FY 2020). Revenue: US$703.6m (up 9.9% from FY 2020). Net income: US$1.50m (up US$40.5m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annuncio • Feb 25
StarTek, Inc. to Report Q4, 2021 Results on Mar 10, 2022 StarTek, Inc. announced that they will report Q4, 2021 results After-Market on Mar 10, 2022 Annuncio • Dec 21
Capital Square Partners Pte Ltd entered into a non-binding proposal to acquire the remaining 44.69% stake in StarTek, Inc. (NYSE:SRT) from Advance Crest Investments Limited and others for $98.5 million. Capital Square Partners Pte Ltd entered into a non-binding proposal to acquire the remaining 44.69% stake in StarTek, Inc. (NYSE:SRT) from Advance Crest Investments Limited and others for $98.5 million on December 20, 2021. As per the terms of the transaction, Capital Square Partners shall acquire the remaining 18.2 million shares of StarTek at $5.40 per share. The transaction may result in a change to the present Board of Directors of StarTek and the delisting of StarTek’s securities from the New York Stock Exchange. The transaction is subject to the approval of the Board of Directors of StarTek and the execution of the definitive agreement. Shearman & Sterling LLP acted as legal advisor to Capital Square Partners. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The analyst covering StarTek expects the company to break even for the first time. New forecast suggests the company will make a profit of US$17.3m in 2022. Average annual earnings growth of 191% is required to achieve expected profit on schedule. Breakeven Date Change • Aug 11
Forecast breakeven moved forward to 2021 The 2 analysts covering StarTek previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of US$373.5k in 2021. Earnings growth of 185% is required to achieve expected profit on schedule. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS US$0.17 (vs US$0.14 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$189.0m (up 33% from 2Q 2020). Net income: US$6.89m (up US$12.1m from 2Q 2020). Profit margin: 3.6% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 10
Executive Chairman & Global CEO recently bought €57k worth of stock On the 2nd of June, Aparup Sengupta bought around 10k shares on-market at roughly €5.71 per share. This was the largest purchase by an insider in the last 3 months. This was Aparup's only on-market trade for the last 12 months. Recent Insider Transactions • Jun 06
Executive Chairman & Global CEO recently bought €57k worth of stock On the 2nd of June, Aparup Sengupta bought around 10k shares on-market at roughly €5.71 per share. This was the largest purchase by an insider in the last 3 months. This was Aparup's only on-market trade for the last 12 months. Reported Earnings • May 12
First quarter 2021 earnings released: US$0.30 loss per share (vs US$0.69 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$163.1m (up 1.3% from 1Q 2020). Net loss: US$12.2m (loss narrowed 54% from 1Q 2020). Executive Departure • Apr 06
President Rajiv Ahuja has left the company On the 6th of April, Rajiv Ahuja's tenure as President ended after 1.0 years in the role. We don't have any record of a personal shareholding under Rajiv's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 17
Full year 2020 earnings released: US$0.99 loss per share (vs US$0.39 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$640.2m (down 2.7% from FY 2019). Net loss: US$39.0m (loss widened 160% from FY 2019). Annuncio • Mar 03
StarTek, Inc. to Report Q4, 2020 Results on Mar 15, 2021 StarTek, Inc. announced that they will report Q4, 2020 results on Mar 15, 2021 Executive Departure • Mar 02
Chief Financial Officer has left the company On the 25th of February, Ramesh Kamath's tenure as Chief Financial Officer ended after 2.6 years in the role. We don't have any record of a personal shareholding under Ramesh's name. Ramesh is the only executive to leave the company over the last 12 months. Annuncio • Feb 26
Startek Appoints Vikash Sureka as Global Chief Financial Officer Startek announced the appointment of Vikash Sureka as Global Chief Financial Officer (CFO), effective February 25, 2021. Vikash Sureka will succeed Ramesh Kamath, who is transitioning to a new role as Senior Advisor, M&A and Strategy. Vikash comes with 25 years of rich and extensive finance experience. He previously served as the Chief Financial Officer at IBS Software (IBS), a SaaS-enabled software solutions company for the travel industry. At IBS, Vikash was responsible for driving key improvements across multiple finance functions, including accounting, risk management, value creation, strategic planning, financing & fund raising, board reporting and governance, and direct taxation. Before IBS, Vikash also held finance leadership positions at Wipro Limited and App Labs Technologies (a CSC company). Is New 90 Day High Low • Jan 30
New 90-day high: €6.95 The company is up 58% from its price of €4.40 on 30 October 2020. The German market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.02 per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 2.3%, compared to a 9.2% growth forecast for the IT industry in Germany. Is New 90 Day High Low • Nov 11
New 90-day high: €5.05 The company is up 17% from its price of €4.32 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.29 per share. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.009 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$162.7m (down 1.2% from 3Q 2019). Net income: US$367.0k (up US$3.15m from 3Q 2019). Profit margin: 0.2% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Annuncio • Nov 05
StarTek, Inc. to Report Q3, 2020 Results on Nov 09, 2020 StarTek, Inc. announced that they will report Q3, 2020 results on Nov 09, 2020 Annuncio • Aug 06
StarTek, Inc. to Report Q2, 2020 Results on Aug 10, 2020 StarTek, Inc. announced that they will report Q2, 2020 results on Aug 10, 2020 Annuncio • Jul 08
StarTek, Inc. announced that it has received $7.5 million in funding from CSP Victory Limited StarTek, Inc. (NYSE:SRT) announced that it has entered into a stock purchase agreement with CSP Victory Limited on June 29, 2020. The company issued 1,540,041 shares at a price of $4.87 per share for gross proceeds of $7,499,999.67. The transaction has been approved by the audit committee of the company’s board of directors. The shares were sold in reliance on the exemptions provided by section 4(2) of the securities act of 1933, as amended, and rule 506 of Regulation D.