View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsStartek 향후 성장Future 기준 점검 4/6Startek은 연간 수입과 매출이 각각 160.3%와 5.9% 증가할 것으로 예상되고 EPS는 연간 155.8%만큼 증가할 것으로 예상됩니다.핵심 정보160.3%이익 성장률155.79%EPS 성장률Professional Services 이익 성장11.4%매출 성장률5.9%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트10 Nov 2023최근 향후 성장 업데이트Breakeven Date Change • Sep 23Forecast to breakeven in 2022The 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 11Forecast breakeven moved forward to 2021The 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.모든 업데이트 보기Recent updates공시 • May 23Startek Launches Generative AI Platform to Empower Agents and Enhance Customer ExperienceStartek 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.공시 • Jan 20Startek, Inc. Files Form 15Startek, 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.공시 • Jan 05+ 2 more updatesCSP Fund II LP, managed by Capital Square Partners Pte Ltd completed the acquisition of remaining 42.87% stake in Startek, Inc. (NYSE:SRT) from MCI Capital, LC, MCI, LC, Iowa City Capital Partners, LC and others.CSP Fund II LP, managed by Capital Square Partners Pte Ltd submitted a proposal to acquire remaining 42.87% stake in Startek, Inc. (NYSE:SRT) from MCI Capital, LC, MCI, LC, Iowa City Capital Partners, LC and others for $65.7 million on July 18, 2023. CSP to pay $3.80 per share in cash under the proposal. Startek entered into a definitive agreement to be acquired by funds managed by Capital Square Partners ("CSP") in an all-cash transaction with a total enterprise value of approximately $217 million and total equity value of approximately $174 million on October 10, 2023. Under the terms of the agreement, CSP will acquire all shares of Startek common stock not already owned by CSP for $4.30 per share in cash. CSP intends to finance the Proposed Transaction with fully committed equity capital, which will be provided by one or more investment funds affiliated with. The Proposed Transaction would result in a de-listing and de-registration of the Common Stock of Startek. Remaining shares are directly owned by CSP Alpha Holdings Parent Pte Ltd and by CSP Victory Limited. Upon termination of the Merger Agreement under certain circumstances, Startek would be obligated to pay Parent a termination fee of $1,850,000. As of August 25, 2023, The board of directors of Startek, Inc. has formed a special committee of independent directors that is authorized to evaluate the non-binding proposal by CSP. CSP has received all internal approvals necessary to submit our Proposal and proceed with negotiating the Potential Transaction. This includes approvals to immediately begin with the preparation of definitive documentation containing terms and conditions customary for a transaction of this type. CSP expects to execute Definitive Agreements before the end of August 2023. Startek and the special committee do not intend to comment further about this proposal or any other potential transaction, unless and until a specific transaction is approved by the special committee. Transaction is also approved the Parent Board. Shareholders which collectively hold approximately 56% of the outstanding shares of Common Stock, executed and delivered to the Company an irrevocable written consent adopting the Merger Agreement and approving the Merger. The transaction is expected to close by the end of calendar year 2023, subject to the satisfaction of customary closing conditions. Sidharth Bhasin and Robert Katz of Latham & Watkins LLP acted as legal advisors to CSP. The special committee has engaged Gibson, Dunn & Crutcher LLP as its counsel and Houlihan Lokey Capital, Inc. as its financial advisor to assist in its consideration of the proposal and fairness opinion provider. Sherman & Howard LLC acted as legal advisor to Startek. Houlihan is entitled to an aggregate fee of $2.4 million for its services upon the consummation of the merger, a portion of which became payable upon the execution of Houlihan’s engagement letter, an additional portion of which became payable upon the delivery of Houlihan’s opinion (which portion is not contingent upon consummation of the merger), and $1.35 million of which will become payable upon consummation of the merger. Computershare Trust Company, N.A. acted as Transfer Agent for Startek. CSP Fund II LP, managed by Capital Square Partners Pte Ltd completed the acquisition of remaining 42.87% stake in Startek, Inc. (NYSE:SRT) from MCI Capital, LC, MCI, LC, Iowa City Capital Partners, LC and others on January 5, 2024. With the completion of the take-private acquisition, Startek’s common stock ceased trading before market open on January 5, 2024 and will no longer be listed on the New York Stock Exchange.공시 • Oct 12Startek to Be Delisted Upon Completion of TransactionStartek, 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 11New major risk - Share price stabilityThe 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 11Second 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.공시 • Aug 03Startek, Inc. to Report Q2, 2023 Results on Aug 10, 2023Startek, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023New Risk • Jul 20New major risk - Share price stabilityThe 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.공시 • Jun 07Startek, Inc. Announces Executive ChangesStartek, 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 12First 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 28Full 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.공시 • Jan 06MCI 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 09Less than half of directors are independentFollowing 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.공시 • Nov 23Startek, Inc. Approves Election of Anupam Pahuja and N S Balasubramanian as DirectorsOn 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.공시 • Oct 27Startek, Inc. to Report Q3, 2022 Results on Nov 09, 2022Startek, Inc. announced that they will report Q3, 2022 results on Nov 09, 2022공시 • Oct 13Startek, Inc., Annual General Meeting, Nov 21, 2022Startek, 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.공시 • Sep 10Capital 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.공시 • Aug 11Capital 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.공시 • Aug 10Capital 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.공시 • Jul 28Startek, Inc. to Report Q2, 2022 Results on Aug 08, 2022Startek, Inc. announced that they will report Q2, 2022 results on Aug 08, 2022공시 • Jul 27Startek, Inc. Expands Product Platform to Enhance Employee Experience for Stronger Customer EngagementStartek, 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 20Investor sentiment improved over the past weekAfter 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.공시 • Jul 06Startek, Inc. Appoints Sudip Bannerjee as Director and Member of Nominating and Governance CommitteeOn 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.공시 • Jun 26+ 1 more updateStartek, Inc.(NYSE:SRT) dropped from Russell 2000 Dynamic IndexStartek, Inc.(NYSE:SRT) dropped from Russell 2000 Dynamic IndexValuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter 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 11First 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.공시 • May 03StarTek, Inc. to Report Q1, 2022 Results on May 09, 2022StarTek, Inc. announced that they will report Q1, 2022 results on May 09, 2022Board Change • Apr 27Less than half of directors are independentNo 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 12Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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.공시 • Feb 25StarTek, Inc. to Report Q4, 2021 Results on Mar 10, 2022StarTek, Inc. announced that they will report Q4, 2021 results After-Market on Mar 10, 2022공시 • Feb 17+ 1 more updateStartek® Appoints Jayanta Lahiri as Global Chief Information OfficerStartek® announced the appointment of Jayanta Lahiri as Global Chief Information Officer. Lahiri report directly to Global CEO Bharat Rao. Lahiri has joined Startek as Global Chief Information Officer. Lahiri will continue the organization’s IT transformation, embracing new technologies to drive greater agility and ensure a secure and resilient IT environment for Startek and its clients. Prior to joining Startek, Lahiri was Executive Vice President and Chief Information Officer at Firstsource, where he drove technology strategy, architecture, cloud and contact center transformation, customer experience, automation and cybersecurity. In his earlier roles, Lahiri held senior leadership positions at Accenture, AXA Technologies, Infosys and Wipro Technologies. Throughout his career, Lahiri has been instrumental in migrating technologies to cloud-based digital platforms across multiple geographies.공시 • Feb 02+ 1 more updateStarTek, Inc. Appoints Bharat Rao as Head of Business TransformationStarTek, Inc. appointed Bharat Rao as Head of Business Transformation.공시 • Dec 21Capital 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 23Forecast to breakeven in 2022The 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 11Forecast breakeven moved forward to 2021The 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 10Second 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 10Executive Chairman & Global CEO recently bought €57k worth of stockOn 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 06Executive Chairman & Global CEO recently bought €57k worth of stockOn 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 12First 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 06President Rajiv Ahuja has left the companyOn 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 17Full 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).공시 • Mar 03StarTek, Inc. to Report Q4, 2020 Results on Mar 15, 2021StarTek, Inc. announced that they will report Q4, 2020 results on Mar 15, 2021Executive Departure • Mar 02Chief Financial Officer has left the companyOn 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.공시 • Feb 26Startek Appoints Vikash Sureka as Global Chief Financial OfficerStartek 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 30New 90-day high: €6.95The 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 11Revenue beats expectationsRevenue 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 11New 90-day high: €5.05The 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 11Third quarter 2020 earnings released: EPS US$0.009The 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.공시 • Nov 05StarTek, Inc. to Report Q3, 2020 Results on Nov 09, 2020StarTek, Inc. announced that they will report Q3, 2020 results on Nov 09, 2020공시 • Aug 06StarTek, Inc. to Report Q2, 2020 Results on Aug 10, 2020StarTek, Inc. announced that they will report Q2, 2020 results on Aug 10, 2020공시 • Jul 08StarTek, Inc. announced that it has received $7.5 million in funding from CSP Victory LimitedStarTek, 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.이익 및 매출 성장 예측DB:K2R - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202439811N/AN/A212/31/20233776N/AN/A19/30/2023370-34-58N/A6/30/2023371-9116N/A3/31/2023376-7619N/A12/31/2022385-71325N/A9/30/2022238-21319N/A6/30/2022315-21926N/A3/31/20224082211N/A12/31/2021470-91828N/A9/30/2021699-131132N/A6/30/2021689-121128N/A3/31/2021642-255774N/A12/31/2020640-394966N/A9/30/2020637-377087N/A6/30/2020639-406683N/A3/31/2020658-382439N/A12/31/2019658-151228N/A9/30/2019645-19-58N/A6/30/2019632-28-19-3N/A3/31/2019581-28-101N/A12/31/2018535-30-55N/A9/30/2018508-2328N/A6/30/2018476-10211N/A3/31/2018480-4615N/A12/31/20174778834N/A3/31/201741530N/A25N/A3/31/20163044N/A9N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: K2R 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(0.5%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: K2R (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: K2R 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: K2R 의 수익(연간 5.9%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: K2R 의 수익(연간 5.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: K2R의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YCommercial-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/01/05 10:34종가2024/01/05 00:00수익2023/09/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Startek, Inc.는 4명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관David KoningBairdAlexander ParisBarrington Research Associates, Inc.Zachary CumminsB. Riley Securities, Inc.1명의 분석가 더 보기
Breakeven Date Change • Sep 23Forecast to breakeven in 2022The 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 11Forecast breakeven moved forward to 2021The 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.
공시 • May 23Startek Launches Generative AI Platform to Empower Agents and Enhance Customer ExperienceStartek 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.
공시 • Jan 20Startek, Inc. Files Form 15Startek, 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.
공시 • Jan 05+ 2 more updatesCSP Fund II LP, managed by Capital Square Partners Pte Ltd completed the acquisition of remaining 42.87% stake in Startek, Inc. (NYSE:SRT) from MCI Capital, LC, MCI, LC, Iowa City Capital Partners, LC and others.CSP Fund II LP, managed by Capital Square Partners Pte Ltd submitted a proposal to acquire remaining 42.87% stake in Startek, Inc. (NYSE:SRT) from MCI Capital, LC, MCI, LC, Iowa City Capital Partners, LC and others for $65.7 million on July 18, 2023. CSP to pay $3.80 per share in cash under the proposal. Startek entered into a definitive agreement to be acquired by funds managed by Capital Square Partners ("CSP") in an all-cash transaction with a total enterprise value of approximately $217 million and total equity value of approximately $174 million on October 10, 2023. Under the terms of the agreement, CSP will acquire all shares of Startek common stock not already owned by CSP for $4.30 per share in cash. CSP intends to finance the Proposed Transaction with fully committed equity capital, which will be provided by one or more investment funds affiliated with. The Proposed Transaction would result in a de-listing and de-registration of the Common Stock of Startek. Remaining shares are directly owned by CSP Alpha Holdings Parent Pte Ltd and by CSP Victory Limited. Upon termination of the Merger Agreement under certain circumstances, Startek would be obligated to pay Parent a termination fee of $1,850,000. As of August 25, 2023, The board of directors of Startek, Inc. has formed a special committee of independent directors that is authorized to evaluate the non-binding proposal by CSP. CSP has received all internal approvals necessary to submit our Proposal and proceed with negotiating the Potential Transaction. This includes approvals to immediately begin with the preparation of definitive documentation containing terms and conditions customary for a transaction of this type. CSP expects to execute Definitive Agreements before the end of August 2023. Startek and the special committee do not intend to comment further about this proposal or any other potential transaction, unless and until a specific transaction is approved by the special committee. Transaction is also approved the Parent Board. Shareholders which collectively hold approximately 56% of the outstanding shares of Common Stock, executed and delivered to the Company an irrevocable written consent adopting the Merger Agreement and approving the Merger. The transaction is expected to close by the end of calendar year 2023, subject to the satisfaction of customary closing conditions. Sidharth Bhasin and Robert Katz of Latham & Watkins LLP acted as legal advisors to CSP. The special committee has engaged Gibson, Dunn & Crutcher LLP as its counsel and Houlihan Lokey Capital, Inc. as its financial advisor to assist in its consideration of the proposal and fairness opinion provider. Sherman & Howard LLC acted as legal advisor to Startek. Houlihan is entitled to an aggregate fee of $2.4 million for its services upon the consummation of the merger, a portion of which became payable upon the execution of Houlihan’s engagement letter, an additional portion of which became payable upon the delivery of Houlihan’s opinion (which portion is not contingent upon consummation of the merger), and $1.35 million of which will become payable upon consummation of the merger. Computershare Trust Company, N.A. acted as Transfer Agent for Startek. CSP Fund II LP, managed by Capital Square Partners Pte Ltd completed the acquisition of remaining 42.87% stake in Startek, Inc. (NYSE:SRT) from MCI Capital, LC, MCI, LC, Iowa City Capital Partners, LC and others on January 5, 2024. With the completion of the take-private acquisition, Startek’s common stock ceased trading before market open on January 5, 2024 and will no longer be listed on the New York Stock Exchange.
공시 • Oct 12Startek to Be Delisted Upon Completion of TransactionStartek, 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 11New major risk - Share price stabilityThe 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 11Second 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.
공시 • Aug 03Startek, Inc. to Report Q2, 2023 Results on Aug 10, 2023Startek, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023
New Risk • Jul 20New major risk - Share price stabilityThe 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.
공시 • Jun 07Startek, Inc. Announces Executive ChangesStartek, 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 12First 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 28Full 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.
공시 • Jan 06MCI 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 09Less than half of directors are independentFollowing 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.
공시 • Nov 23Startek, Inc. Approves Election of Anupam Pahuja and N S Balasubramanian as DirectorsOn 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.
공시 • Oct 27Startek, Inc. to Report Q3, 2022 Results on Nov 09, 2022Startek, Inc. announced that they will report Q3, 2022 results on Nov 09, 2022
공시 • Oct 13Startek, Inc., Annual General Meeting, Nov 21, 2022Startek, 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.
공시 • Sep 10Capital 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.
공시 • Aug 11Capital 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.
공시 • Aug 10Capital 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.
공시 • Jul 28Startek, Inc. to Report Q2, 2022 Results on Aug 08, 2022Startek, Inc. announced that they will report Q2, 2022 results on Aug 08, 2022
공시 • Jul 27Startek, Inc. Expands Product Platform to Enhance Employee Experience for Stronger Customer EngagementStartek, 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 20Investor sentiment improved over the past weekAfter 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.
공시 • Jul 06Startek, Inc. Appoints Sudip Bannerjee as Director and Member of Nominating and Governance CommitteeOn 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.
공시 • Jun 26+ 1 more updateStartek, Inc.(NYSE:SRT) dropped from Russell 2000 Dynamic IndexStartek, Inc.(NYSE:SRT) dropped from Russell 2000 Dynamic Index
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter 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 11First 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.
공시 • May 03StarTek, Inc. to Report Q1, 2022 Results on May 09, 2022StarTek, Inc. announced that they will report Q1, 2022 results on May 09, 2022
Board Change • Apr 27Less than half of directors are independentNo 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 12Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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.
공시 • Feb 25StarTek, Inc. to Report Q4, 2021 Results on Mar 10, 2022StarTek, Inc. announced that they will report Q4, 2021 results After-Market on Mar 10, 2022
공시 • Feb 17+ 1 more updateStartek® Appoints Jayanta Lahiri as Global Chief Information OfficerStartek® announced the appointment of Jayanta Lahiri as Global Chief Information Officer. Lahiri report directly to Global CEO Bharat Rao. Lahiri has joined Startek as Global Chief Information Officer. Lahiri will continue the organization’s IT transformation, embracing new technologies to drive greater agility and ensure a secure and resilient IT environment for Startek and its clients. Prior to joining Startek, Lahiri was Executive Vice President and Chief Information Officer at Firstsource, where he drove technology strategy, architecture, cloud and contact center transformation, customer experience, automation and cybersecurity. In his earlier roles, Lahiri held senior leadership positions at Accenture, AXA Technologies, Infosys and Wipro Technologies. Throughout his career, Lahiri has been instrumental in migrating technologies to cloud-based digital platforms across multiple geographies.
공시 • Feb 02+ 1 more updateStarTek, Inc. Appoints Bharat Rao as Head of Business TransformationStarTek, Inc. appointed Bharat Rao as Head of Business Transformation.
공시 • Dec 21Capital 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 23Forecast to breakeven in 2022The 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 11Forecast breakeven moved forward to 2021The 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 10Second 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 10Executive Chairman & Global CEO recently bought €57k worth of stockOn 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 06Executive Chairman & Global CEO recently bought €57k worth of stockOn 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 12First 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 06President Rajiv Ahuja has left the companyOn 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 17Full 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).
공시 • Mar 03StarTek, Inc. to Report Q4, 2020 Results on Mar 15, 2021StarTek, Inc. announced that they will report Q4, 2020 results on Mar 15, 2021
Executive Departure • Mar 02Chief Financial Officer has left the companyOn 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.
공시 • Feb 26Startek Appoints Vikash Sureka as Global Chief Financial OfficerStartek 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 30New 90-day high: €6.95The 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 11Revenue beats expectationsRevenue 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 11New 90-day high: €5.05The 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 11Third quarter 2020 earnings released: EPS US$0.009The 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.
공시 • Nov 05StarTek, Inc. to Report Q3, 2020 Results on Nov 09, 2020StarTek, Inc. announced that they will report Q3, 2020 results on Nov 09, 2020
공시 • Aug 06StarTek, Inc. to Report Q2, 2020 Results on Aug 10, 2020StarTek, Inc. announced that they will report Q2, 2020 results on Aug 10, 2020
공시 • Jul 08StarTek, Inc. announced that it has received $7.5 million in funding from CSP Victory LimitedStarTek, 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.