View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 EventsStarry Group Holdings 과거 순이익 실적과거 기준 점검 0/6Starry Group Holdings 의 수입은 연평균 -24.4%의 비율로 감소해 온 반면, Telecom 산업은 연평균 17%의 비율로 증가했습니다. 매출은 연평균 49%의 비율로 증가해 왔습니다.핵심 정보-24.45%순이익 성장률-15.08%주당순이익(EPS) 성장률Telecom 산업 성장률6.72%매출 성장률49.03%자기자본이익률n/a순이익률-661.14%최근 순이익 업데이트30 Sep 2022최근 과거 실적 업데이트공시 • Oct 27Starry Group Holdings, Inc. to Report Q3, 2022 Results on Nov 02, 2022Starry Group Holdings, Inc. announced that they will report Q3, 2022 results on Nov 02, 2022Reported Earnings • Aug 10Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: US$0.22 loss per share. Revenue: US$7.75m (up 52% from 2Q 2021). Net loss: US$36.3m (loss narrowed 5.8% from 2Q 2021). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 171% compared to a 3.5% decline forecast for the industry in the US.공시 • Jul 23Starry Group Holdings, Inc. to Report Q2, 2022 Results on Aug 09, 2022Starry Group Holdings, Inc. announced that they will report Q2, 2022 results on Aug 09, 2022공시 • Apr 16Starry Group Holdings, Inc. to Report Q1, 2022 Results on May 12, 2022Starry Group Holdings, Inc. announced that they will report Q1, 2022 results Pre-Market on May 12, 2022모든 업데이트 보기Recent updates공시 • Dec 18+ 13 more updatesStarry Group Holdings, Inc.(OTCPK:STRY) dropped from Russell Small Cap Comp Growth IndexStarry Group Holdings, Inc.(OTCPK:STRY) dropped from Russell Small Cap Comp Growth Index공시 • Dec 17Starry Announces the NYSE Has Commenced Delisting ProceedingsStarry Group Holdings, Inc. announced that on December 14, 2022, the New York Stock Exchange (the “NYSE”) notified the Company, and publicly announced, that it has determined to commence proceedings to delist the Company’s Class A Common Stock (the “Class A Common Stock”) and warrants to purchase shares of Class A Common Stock (the “Warrants”) from the NYSE and that trading in the Class A Common Stock and Warrants would be suspended immediately, due to trading price levels pursuant to Section 802.01D of the NYSE Listed Company Manual (“Section 802.01D”). The Company has a right to an appeal of this determination by the NYSE, provided that the Company files a written request for such review within seven calendar days after receiving the notice. The Company’s Board of Directors is currently considering whether to appeal the NYSE’s determination to commence delisting proceedings. To effect the delisting, the NYSE will apply to the Securities and Exchange Commission (the “SEC”) to delist the Class A Common Stock and Warrants pending completion of applicable procedures. In addition, on December 9, 2022, the NYSE notified the Company that it is not in compliance with Section 802.01B of the NYSE Listed Company Manual (“Section 802.01B”) because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported stockholders’ equity was less than $50 million. Pursuant to the NYSE’s rules, the Company has 45 days from the receipt of the Section 802.01B notice to submit a plan advising the NYSE of definitive action the Company has taken, or is taking, which would bring the Company into compliance with the minimum global market capitalization listing standard within 18 months of receipt of the notice. The Company’s Board of Directors is currently considering whether to submit such a plan. If the NYSE accepts a plan submitted by the Company, and assuming that the Company is successful in its appeal of the NYSE’s decision to suspend trading in the Class A Common Stock and Warrants and initiate delisting proceedings pursuant to Section 802.01D and that the Company is in compliance with other NYSE continued listing standards, the Class A Common Stock and Warrants may resume trading on the NYSE.공시 • Dec 16NYSE to Suspend Trading Immediately in Starry Group Holdings and Commence Delisting ProceedingsThe New York Stock Exchange (“NYSE” or “Exchange”) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock, par value $0.0001 per share; Warrants to purchase 1.2415 shares of Class A common stock, each at an exercise price of $9.13 per 1.2415 shares of Class A common stock of Starry Group Holdings, Inc. (the “Company”) from the Exchange. Trading in the Company’s Securities will be suspended immediately. NYSE Regulation has determined that the Company’s Securities are no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.공시 • Nov 18+ 1 more updateStarry Group Holdings, Inc. Announces Management ChangesOn November 9, 2022, Komal Misra informed Starry Group Holdings, Inc. (the “Company”) of her voluntary resignation from her position as Executive Vice President of the Company effective November 15, 2022. Ms. Misra resigned to pursue other business opportunities and her resignation is not related to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including accounting principles and practices. Effective November 15, 2022, the Board of Directors of the Company has appointed Michael Pasciak, the Company’s Vice President, Finance and Corporate Controller, as interim Principal Financial Officer in addition to his current roles at the Company. Mr. Pasciak will not receive any additional compensation for assuming the duties of interim Principal Financial Officer. Mr. Pasciak, age 54, has served as the Company’s Vice President, Finance and Corporate Controller since October 2019. Prior to that, Mr. Pasciak served as the Chief Financial Officer of Xpress Natural Gas, from January 2019 to September 2019 and Senior Director, Finance of Brooks Automation, from February 2015 to January 2019.공시 • Nov 15Starry Receives Notice of NYSE Trading Share Price Listing Rule Non-ComplianceStarry Group Holdings, Inc. announced that on November 8, 2022, it had received a deficiency letter from the New York Stock Exchange (the “NYSE”) notifying the Company that it is not in compliance with applicable price criteria in the NYSE’s continued listing standards because, as of November 7, 2022, the average closing price of the Starry’s Class A Common Stock was less than $1.00 per share over a consecutive 30 trading-day period. Pursuant to the NYSE’s rules, Starry has a six-month period following receipt of the deficiency letter to bring its share price and average share price back above $1.00. The NYSE rules require Starry to notify the NYSE within 10 business days of receipt of the NYSE notice of its intent to cure this deficiency. Starry plans to notify the NYSE of its intent to cure within the applicable time period. Pursuant to the NYSE’s rules, Starry has a six-month period following receipt of the deficiency letter to bring its share price and average share price back above $1.00. The NYSE rules require Starry to notify the NYSE within 10 business days of receipt of the NYSE notice of its intent to cure this deficiency. Starry plans to notify the NYSE of its intent to cure within the applicable time period. Starry’s Class A Common Stock will continue to be listed and trade on the NYSE during this period, subject to Starry’s compliance with other NYSE continued listing standards. Starry’s receipt of the deficiency letter does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission.Seeking Alpha • Nov 14NYSE notifies Starry of non-compliance with minimum bid price requirementWireless technology developer Starry Group Holdings (NYSE:STRY) said it received a deficiency letter from the NYSE over non-compliance with the stock exchange's minimum bid price requirement. The average closing price of the company's class A common stock was less than $1 per share over a consecutive 30 trading-day period. The company now has a six months to bring its share price and average share price back to above $1. The stock exchange requires Starry to notify within 10 business days its intent to cure the deficiency. The company plans to notify the stock exchange of its intent to cure within the applicable time period. Source: Press ReleaseSeeking Alpha • Nov 02Starry Group GAAP EPS of -$0.37 misses by $0.01, revenue of $7.96M misses by $0.8MStarry Group press release (NYSE:STRY): Q3 GAAP EPS of -$0.37 misses by $0.01. Revenue of $7.96M (+35.6% Y/Y) misses by $0.8M. Adjusted EBITDA loss of $39.7M, compared to an Adjusted EBITDA loss of $26.0M in the third quarter of 2021. Capital expenditures were $19.7M, compared to capital expenditures of $19.3M in the third quarter of 2021. Business Outlook: Starry is not providing guidance for full-year 2022 at this time. We will provide the market with further updates as warranted.공시 • Oct 27Starry Group Holdings, Inc. to Report Q3, 2022 Results on Nov 02, 2022Starry Group Holdings, Inc. announced that they will report Q3, 2022 results on Nov 02, 2022공시 • Oct 21Starry Group Holdings, Inc. Withdraws Guidance for the Full Year 2022Starry Group Holdings, Inc. announced that in the light of implementing cost-cutting measures to conserve capital and improve its capital runway as it explores all strategic options, it is withdrawing full year 2022 guidance.Seeking Alpha • Oct 20Starry Group to cut 50% of workforce, withdraws guidanceStarry Group Holdings (NYSE:STRY) has decided to lay off about 50% of its workforce to bring down cash burn in what the company calls "an extremely difficult economic climate and capital environment." The Massachusetts-based wireless broadband provider stated Thursday it is withdrawing its full year 2022 guidance alongside hiring freeze and exit from FCC’s RDOF program. "At present we don’t have the capital to fund our rapid growth. Because of that, we’re focusing our energies on our core business: serving multi-tenant buildings in our existing dense urban markets. Last week, we made the tough decision to withdraw from the FCC’s RDOF program," said Starry’s CEO Chet Kanojia. On operational-end, Starry has reported 18% Y/Y growth in homes serviceable to 5.96 million and customer relationships at 91,297, up 66% Y/Y, as at the end of Q3 2022. "We continue to expect customer relationships to be greater than 100,000 at the end of fiscal year ’22, reflecting growth of greater than 58% year-over-year," said the management highlighting guidance in the second quarter's earnings conference call. Ratings: While Wall Street analysts give a Buy to Starry (STRY), Seeking Alpha Quant System sets the stock analysis stand apart at Strong Sell. On Aug. 31, Seeking Alpha Quant Rating flagged a warning that STRY is at the high risk of performing badly due to decelerating momentum and inferior profitability when compared to other Communication Services stock. Starry shares have lost over 80% since its SPAC listing in March opening at $8.84. That takes the stock trading at $1.32 at pixel time on Thursday.Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$50.6m to US$41.6m. EPS estimate unchanged from -US$1.48 per share at last update. Telecom industry in the US expected to see average net income growth of 1.0% next year. Consensus price target down from US$9.13 to US$5.44. Share price fell 6.5% to US$2.72 over the past week.공시 • Aug 12Starry Group Holdings, Inc. Announces Availability of Upload BoostStarry Group Holdings, Inc. announced the availability of Upload Boost, a new add-on feature that allows customers to increase their dedicated upload capacity to symmetrical speeds starting at $5 depending on the speed tier. Upload Boost is available on a trial basis and is part of Starry’s focus on leveraging its unique network design to help consumers personalize their internet service experience. Given the increase in remote work that requires high upstream bandwidth-use applications, upload bandwidth is critical to having a great home internet experience. The focus of Starry’s Upload Boost is to provide customers an option to dynamically increase upload capacity targeted to support applications that require significant upstream capacity, to improve work from home, gaming, virtual learning, telehealth and support the myriad new bandwidth hungry applications that are powering the connected lives. Legacy broadband networks have physical limitations that inhibit their ability to deliver symmetrical upload capacity throughout their network. Starry’s unique licensed fixed wireless network is built to be dynamic and agile throughout the network stack, enabling Starry to offer personalized connectivity on a subscriber basis features such as symmetrical Upload Boost. Upload Boost is available on a trial basis in certain markets. Starry customers on the Starry Plus (up to 200Mbps download /100Mbps upload) service plan can increase their upload capacity to up to 200Mbps and new customers can opt for Upload Boost at sign up. Customers who opt to add the Upload Boost feature to their monthly service can also remove the plan at any time. Upload boost will start at $5 depending on the plan and Starry will continue to test out price points during the trial.Price Target Changed • Aug 10Price target decreased to US$7.13Down from US$9.38, the current price target is an average from 4 analysts. New target price is 86% above last closing price of US$3.83. Stock is down 51% over the past year. The company is forecast to post a net loss per share of US$1.15 next year compared to a net loss per share of US$0.68 last year.Reported Earnings • Aug 10Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: US$0.22 loss per share. Revenue: US$7.75m (up 52% from 2Q 2021). Net loss: US$36.3m (loss narrowed 5.8% from 2Q 2021). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 171% compared to a 3.5% decline forecast for the industry in the US.Seeking Alpha • Aug 09Starry Group GAAP EPS of -$0.22, revenue of $7.75MStarry Group press release (NYSE:STRY): Q2 GAAP EPS of -$0.22. Revenue of $7.75M (+52.3% Y/Y). Adjusted EBITDA loss of $33.9M, compared to an Adjusted EBITDA loss of $23.5M in the second quarter of 2021. Starry continues to expect customer relationships to be greater than 100,000 at the end of full-year 2022, reflecting growth of at least 58% year-over-year.공시 • Jul 23Starry Group Holdings, Inc. to Report Q2, 2022 Results on Aug 09, 2022Starry Group Holdings, Inc. announced that they will report Q2, 2022 results on Aug 09, 2022Price Target Changed • Jul 12Price target decreased to US$9.13Down from US$10.00, the current price target is an average from 4 analysts. New target price is 180% above last closing price of US$3.26. Stock is down 59% over the past year. The company is forecast to post a net loss per share of US$1.15 next year compared to a net loss per share of US$0.68 last year.공시 • May 13Starry Group Holdings, Inc. Provides Earnings Guidance for the Full Year 2022Starry Group Holdings, Inc. provided earnings guidance for the full year 2022. For the year, the company expects revenue to be greater than $50 million, reflecting growth of at least 125% year-over-year.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Liz Graham was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Apr 16Starry Group Holdings, Inc. to Report Q1, 2022 Results on May 12, 2022Starry Group Holdings, Inc. announced that they will report Q1, 2022 results Pre-Market on May 12, 2022공시 • Apr 12Starry Announces Ben Barrett as Head of Investor RelationsStarry announced that Ben Barrett has joined the Company as the Head of Investor Relations. Prior to joining Starry, Barrett led investor relations at the real estate technology firm, Compass, where he was responsible for building the investor relations function, helping take the company public in April 2021. Prior to Compass, Barrett served as senior director of investor relations for T-Mobile for more than seven years. He brings more than 23 years of experience in equity research and managing investor relations to his new role at Starry. At Starry, Barrett will be responsible for building and leading the Company’s investor relations team. He will be an integral part of the Starry management and finance team supporting execution of the Company’s business goals. Barrett will report to Starry's CFO, Komal Misra.공시 • Apr 04+ 1 more updateStarry, Inc. Appoints Komal Misra as Chief Financial OfficerAs previously announced, Starry Group Holdings, Inc. entered into that certain Agreement and Plan of Merger, dated as of October 6, 2021, by and among the Company, FirstMark Horizon Acquisition Corp., Sirius Merger Sub, Inc. and Starry, Inc. Additionally, upon consummation of the Business Combination, Komal Misra was appointed as Chief Financial Officer.공시 • Apr 03Starry, Inc. Announces Management ChangesAs previously announced, Starry Group Holdings, Inc. entered into that certain Agreement and Plan of Merger, dated as of October 6, 2021, by and among the Company, FirstMark Horizon Acquisition Corp., Sirius Merger Sub, Inc. and Starry, Inc. Upon the consummation of the Business Combination, William Lundregan and Brian Regan resigned from the Company's board of directors and Chaitanya Kanojia, James Chiddix, Amish Jani, Elizabeth A. Graham and Robert L. Nabors II were appointed as directors of the Company. The Company established the following three committees of the Company's board of directors: audit committee, compensation committee and nominating and corporate governance committee. Mr. Chiddix, Mr. Jani and Ms. Graham were appointed to serve on the Company's audit committee, with Mr. Chiddix serving as the chair and qualifying as an audit committee financial expert, as such term isdefined in Item 407(d)(5) of Regulation S-K. Mr. Jani, Mr. Chiddix, Mr. Nabors and Ms. Graham were appointed to serve on the Company's compensation committee, with Ms. Graham serving as the chair. Ms. Graham, Mr. Jani and Mr. Nabors were appointed to serve on the Company's nominating and corporate governance committee, with Mr. Jani serving as the chair. Additionally, upon consummation of the Business Combination, Komal Misra was appointed as Executive Vice President; Joseph Lipowski was appointed as Executive Vice President and Chief Technology Officer; Alex Moulle-Berteaux was appointed as Executive Vice President and Chief Operating Officer; Virginia Lam Abrams was appointed as Executive Vice President, Government Affairs and Strategic Advancement; William Lundregan was appointed as Executive Vice President, Chief Legal Officer and Secretary; Jeremy MacKechnie was appointed as Executive Vice President, Head of People and Customer Experience; and Brian Regan was appointed as Executive Vice President, Strategy and Chief of Staff.Board Change • Mar 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.매출 및 비용 세부 내역Starry Group Holdings가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이OTCPK:STRY.Q 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비30 Sep 2230-197933230 Jun 2228-177812931 Mar 2225-179732731 Dec 2122-167672630 Sep 2119-157612730 Jun 2117-148592531 Mar 2115-138562331 Dec 2013-125552331 Dec 194-924524양질의 수익: STRY.Q 은(는) 현재 수익성이 없습니다.이익 마진 증가: STRY.Q는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 지난 5년 동안 STRY.Q의 연간 수익 성장률이 양(+)이었는지 판단하기에 데이터가 부족합니다.성장 가속화: 현재 수익성이 없어 지난 1년간 STRY.Q의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: STRY.Q은 수익성이 없어 지난 해 수익 성장률을 Telecom 업계(0.01%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: STRY.Q의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTelecom 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/09/03 11:55종가2023/08/31 00:00수익2022/09/30연간 수익2021/12/31데이터 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 소스Starry Group Holdings, Inc.는 4명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Michael RollinsCitigroup IncBrett FeldmanGoldman SachsTimothy HoranOppenheimer & Co. Inc.1명의 분석가 더 보기
공시 • Oct 27Starry Group Holdings, Inc. to Report Q3, 2022 Results on Nov 02, 2022Starry Group Holdings, Inc. announced that they will report Q3, 2022 results on Nov 02, 2022
Reported Earnings • Aug 10Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: US$0.22 loss per share. Revenue: US$7.75m (up 52% from 2Q 2021). Net loss: US$36.3m (loss narrowed 5.8% from 2Q 2021). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 171% compared to a 3.5% decline forecast for the industry in the US.
공시 • Jul 23Starry Group Holdings, Inc. to Report Q2, 2022 Results on Aug 09, 2022Starry Group Holdings, Inc. announced that they will report Q2, 2022 results on Aug 09, 2022
공시 • Apr 16Starry Group Holdings, Inc. to Report Q1, 2022 Results on May 12, 2022Starry Group Holdings, Inc. announced that they will report Q1, 2022 results Pre-Market on May 12, 2022
공시 • Dec 18+ 13 more updatesStarry Group Holdings, Inc.(OTCPK:STRY) dropped from Russell Small Cap Comp Growth IndexStarry Group Holdings, Inc.(OTCPK:STRY) dropped from Russell Small Cap Comp Growth Index
공시 • Dec 17Starry Announces the NYSE Has Commenced Delisting ProceedingsStarry Group Holdings, Inc. announced that on December 14, 2022, the New York Stock Exchange (the “NYSE”) notified the Company, and publicly announced, that it has determined to commence proceedings to delist the Company’s Class A Common Stock (the “Class A Common Stock”) and warrants to purchase shares of Class A Common Stock (the “Warrants”) from the NYSE and that trading in the Class A Common Stock and Warrants would be suspended immediately, due to trading price levels pursuant to Section 802.01D of the NYSE Listed Company Manual (“Section 802.01D”). The Company has a right to an appeal of this determination by the NYSE, provided that the Company files a written request for such review within seven calendar days after receiving the notice. The Company’s Board of Directors is currently considering whether to appeal the NYSE’s determination to commence delisting proceedings. To effect the delisting, the NYSE will apply to the Securities and Exchange Commission (the “SEC”) to delist the Class A Common Stock and Warrants pending completion of applicable procedures. In addition, on December 9, 2022, the NYSE notified the Company that it is not in compliance with Section 802.01B of the NYSE Listed Company Manual (“Section 802.01B”) because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported stockholders’ equity was less than $50 million. Pursuant to the NYSE’s rules, the Company has 45 days from the receipt of the Section 802.01B notice to submit a plan advising the NYSE of definitive action the Company has taken, or is taking, which would bring the Company into compliance with the minimum global market capitalization listing standard within 18 months of receipt of the notice. The Company’s Board of Directors is currently considering whether to submit such a plan. If the NYSE accepts a plan submitted by the Company, and assuming that the Company is successful in its appeal of the NYSE’s decision to suspend trading in the Class A Common Stock and Warrants and initiate delisting proceedings pursuant to Section 802.01D and that the Company is in compliance with other NYSE continued listing standards, the Class A Common Stock and Warrants may resume trading on the NYSE.
공시 • Dec 16NYSE to Suspend Trading Immediately in Starry Group Holdings and Commence Delisting ProceedingsThe New York Stock Exchange (“NYSE” or “Exchange”) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock, par value $0.0001 per share; Warrants to purchase 1.2415 shares of Class A common stock, each at an exercise price of $9.13 per 1.2415 shares of Class A common stock of Starry Group Holdings, Inc. (the “Company”) from the Exchange. Trading in the Company’s Securities will be suspended immediately. NYSE Regulation has determined that the Company’s Securities are no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
공시 • Nov 18+ 1 more updateStarry Group Holdings, Inc. Announces Management ChangesOn November 9, 2022, Komal Misra informed Starry Group Holdings, Inc. (the “Company”) of her voluntary resignation from her position as Executive Vice President of the Company effective November 15, 2022. Ms. Misra resigned to pursue other business opportunities and her resignation is not related to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including accounting principles and practices. Effective November 15, 2022, the Board of Directors of the Company has appointed Michael Pasciak, the Company’s Vice President, Finance and Corporate Controller, as interim Principal Financial Officer in addition to his current roles at the Company. Mr. Pasciak will not receive any additional compensation for assuming the duties of interim Principal Financial Officer. Mr. Pasciak, age 54, has served as the Company’s Vice President, Finance and Corporate Controller since October 2019. Prior to that, Mr. Pasciak served as the Chief Financial Officer of Xpress Natural Gas, from January 2019 to September 2019 and Senior Director, Finance of Brooks Automation, from February 2015 to January 2019.
공시 • Nov 15Starry Receives Notice of NYSE Trading Share Price Listing Rule Non-ComplianceStarry Group Holdings, Inc. announced that on November 8, 2022, it had received a deficiency letter from the New York Stock Exchange (the “NYSE”) notifying the Company that it is not in compliance with applicable price criteria in the NYSE’s continued listing standards because, as of November 7, 2022, the average closing price of the Starry’s Class A Common Stock was less than $1.00 per share over a consecutive 30 trading-day period. Pursuant to the NYSE’s rules, Starry has a six-month period following receipt of the deficiency letter to bring its share price and average share price back above $1.00. The NYSE rules require Starry to notify the NYSE within 10 business days of receipt of the NYSE notice of its intent to cure this deficiency. Starry plans to notify the NYSE of its intent to cure within the applicable time period. Pursuant to the NYSE’s rules, Starry has a six-month period following receipt of the deficiency letter to bring its share price and average share price back above $1.00. The NYSE rules require Starry to notify the NYSE within 10 business days of receipt of the NYSE notice of its intent to cure this deficiency. Starry plans to notify the NYSE of its intent to cure within the applicable time period. Starry’s Class A Common Stock will continue to be listed and trade on the NYSE during this period, subject to Starry’s compliance with other NYSE continued listing standards. Starry’s receipt of the deficiency letter does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission.
Seeking Alpha • Nov 14NYSE notifies Starry of non-compliance with minimum bid price requirementWireless technology developer Starry Group Holdings (NYSE:STRY) said it received a deficiency letter from the NYSE over non-compliance with the stock exchange's minimum bid price requirement. The average closing price of the company's class A common stock was less than $1 per share over a consecutive 30 trading-day period. The company now has a six months to bring its share price and average share price back to above $1. The stock exchange requires Starry to notify within 10 business days its intent to cure the deficiency. The company plans to notify the stock exchange of its intent to cure within the applicable time period. Source: Press Release
Seeking Alpha • Nov 02Starry Group GAAP EPS of -$0.37 misses by $0.01, revenue of $7.96M misses by $0.8MStarry Group press release (NYSE:STRY): Q3 GAAP EPS of -$0.37 misses by $0.01. Revenue of $7.96M (+35.6% Y/Y) misses by $0.8M. Adjusted EBITDA loss of $39.7M, compared to an Adjusted EBITDA loss of $26.0M in the third quarter of 2021. Capital expenditures were $19.7M, compared to capital expenditures of $19.3M in the third quarter of 2021. Business Outlook: Starry is not providing guidance for full-year 2022 at this time. We will provide the market with further updates as warranted.
공시 • Oct 27Starry Group Holdings, Inc. to Report Q3, 2022 Results on Nov 02, 2022Starry Group Holdings, Inc. announced that they will report Q3, 2022 results on Nov 02, 2022
공시 • Oct 21Starry Group Holdings, Inc. Withdraws Guidance for the Full Year 2022Starry Group Holdings, Inc. announced that in the light of implementing cost-cutting measures to conserve capital and improve its capital runway as it explores all strategic options, it is withdrawing full year 2022 guidance.
Seeking Alpha • Oct 20Starry Group to cut 50% of workforce, withdraws guidanceStarry Group Holdings (NYSE:STRY) has decided to lay off about 50% of its workforce to bring down cash burn in what the company calls "an extremely difficult economic climate and capital environment." The Massachusetts-based wireless broadband provider stated Thursday it is withdrawing its full year 2022 guidance alongside hiring freeze and exit from FCC’s RDOF program. "At present we don’t have the capital to fund our rapid growth. Because of that, we’re focusing our energies on our core business: serving multi-tenant buildings in our existing dense urban markets. Last week, we made the tough decision to withdraw from the FCC’s RDOF program," said Starry’s CEO Chet Kanojia. On operational-end, Starry has reported 18% Y/Y growth in homes serviceable to 5.96 million and customer relationships at 91,297, up 66% Y/Y, as at the end of Q3 2022. "We continue to expect customer relationships to be greater than 100,000 at the end of fiscal year ’22, reflecting growth of greater than 58% year-over-year," said the management highlighting guidance in the second quarter's earnings conference call. Ratings: While Wall Street analysts give a Buy to Starry (STRY), Seeking Alpha Quant System sets the stock analysis stand apart at Strong Sell. On Aug. 31, Seeking Alpha Quant Rating flagged a warning that STRY is at the high risk of performing badly due to decelerating momentum and inferior profitability when compared to other Communication Services stock. Starry shares have lost over 80% since its SPAC listing in March opening at $8.84. That takes the stock trading at $1.32 at pixel time on Thursday.
Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$50.6m to US$41.6m. EPS estimate unchanged from -US$1.48 per share at last update. Telecom industry in the US expected to see average net income growth of 1.0% next year. Consensus price target down from US$9.13 to US$5.44. Share price fell 6.5% to US$2.72 over the past week.
공시 • Aug 12Starry Group Holdings, Inc. Announces Availability of Upload BoostStarry Group Holdings, Inc. announced the availability of Upload Boost, a new add-on feature that allows customers to increase their dedicated upload capacity to symmetrical speeds starting at $5 depending on the speed tier. Upload Boost is available on a trial basis and is part of Starry’s focus on leveraging its unique network design to help consumers personalize their internet service experience. Given the increase in remote work that requires high upstream bandwidth-use applications, upload bandwidth is critical to having a great home internet experience. The focus of Starry’s Upload Boost is to provide customers an option to dynamically increase upload capacity targeted to support applications that require significant upstream capacity, to improve work from home, gaming, virtual learning, telehealth and support the myriad new bandwidth hungry applications that are powering the connected lives. Legacy broadband networks have physical limitations that inhibit their ability to deliver symmetrical upload capacity throughout their network. Starry’s unique licensed fixed wireless network is built to be dynamic and agile throughout the network stack, enabling Starry to offer personalized connectivity on a subscriber basis features such as symmetrical Upload Boost. Upload Boost is available on a trial basis in certain markets. Starry customers on the Starry Plus (up to 200Mbps download /100Mbps upload) service plan can increase their upload capacity to up to 200Mbps and new customers can opt for Upload Boost at sign up. Customers who opt to add the Upload Boost feature to their monthly service can also remove the plan at any time. Upload boost will start at $5 depending on the plan and Starry will continue to test out price points during the trial.
Price Target Changed • Aug 10Price target decreased to US$7.13Down from US$9.38, the current price target is an average from 4 analysts. New target price is 86% above last closing price of US$3.83. Stock is down 51% over the past year. The company is forecast to post a net loss per share of US$1.15 next year compared to a net loss per share of US$0.68 last year.
Reported Earnings • Aug 10Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: US$0.22 loss per share. Revenue: US$7.75m (up 52% from 2Q 2021). Net loss: US$36.3m (loss narrowed 5.8% from 2Q 2021). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 171% compared to a 3.5% decline forecast for the industry in the US.
Seeking Alpha • Aug 09Starry Group GAAP EPS of -$0.22, revenue of $7.75MStarry Group press release (NYSE:STRY): Q2 GAAP EPS of -$0.22. Revenue of $7.75M (+52.3% Y/Y). Adjusted EBITDA loss of $33.9M, compared to an Adjusted EBITDA loss of $23.5M in the second quarter of 2021. Starry continues to expect customer relationships to be greater than 100,000 at the end of full-year 2022, reflecting growth of at least 58% year-over-year.
공시 • Jul 23Starry Group Holdings, Inc. to Report Q2, 2022 Results on Aug 09, 2022Starry Group Holdings, Inc. announced that they will report Q2, 2022 results on Aug 09, 2022
Price Target Changed • Jul 12Price target decreased to US$9.13Down from US$10.00, the current price target is an average from 4 analysts. New target price is 180% above last closing price of US$3.26. Stock is down 59% over the past year. The company is forecast to post a net loss per share of US$1.15 next year compared to a net loss per share of US$0.68 last year.
공시 • May 13Starry Group Holdings, Inc. Provides Earnings Guidance for the Full Year 2022Starry Group Holdings, Inc. provided earnings guidance for the full year 2022. For the year, the company expects revenue to be greater than $50 million, reflecting growth of at least 125% year-over-year.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Liz Graham was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Apr 16Starry Group Holdings, Inc. to Report Q1, 2022 Results on May 12, 2022Starry Group Holdings, Inc. announced that they will report Q1, 2022 results Pre-Market on May 12, 2022
공시 • Apr 12Starry Announces Ben Barrett as Head of Investor RelationsStarry announced that Ben Barrett has joined the Company as the Head of Investor Relations. Prior to joining Starry, Barrett led investor relations at the real estate technology firm, Compass, where he was responsible for building the investor relations function, helping take the company public in April 2021. Prior to Compass, Barrett served as senior director of investor relations for T-Mobile for more than seven years. He brings more than 23 years of experience in equity research and managing investor relations to his new role at Starry. At Starry, Barrett will be responsible for building and leading the Company’s investor relations team. He will be an integral part of the Starry management and finance team supporting execution of the Company’s business goals. Barrett will report to Starry's CFO, Komal Misra.
공시 • Apr 04+ 1 more updateStarry, Inc. Appoints Komal Misra as Chief Financial OfficerAs previously announced, Starry Group Holdings, Inc. entered into that certain Agreement and Plan of Merger, dated as of October 6, 2021, by and among the Company, FirstMark Horizon Acquisition Corp., Sirius Merger Sub, Inc. and Starry, Inc. Additionally, upon consummation of the Business Combination, Komal Misra was appointed as Chief Financial Officer.
공시 • Apr 03Starry, Inc. Announces Management ChangesAs previously announced, Starry Group Holdings, Inc. entered into that certain Agreement and Plan of Merger, dated as of October 6, 2021, by and among the Company, FirstMark Horizon Acquisition Corp., Sirius Merger Sub, Inc. and Starry, Inc. Upon the consummation of the Business Combination, William Lundregan and Brian Regan resigned from the Company's board of directors and Chaitanya Kanojia, James Chiddix, Amish Jani, Elizabeth A. Graham and Robert L. Nabors II were appointed as directors of the Company. The Company established the following three committees of the Company's board of directors: audit committee, compensation committee and nominating and corporate governance committee. Mr. Chiddix, Mr. Jani and Ms. Graham were appointed to serve on the Company's audit committee, with Mr. Chiddix serving as the chair and qualifying as an audit committee financial expert, as such term isdefined in Item 407(d)(5) of Regulation S-K. Mr. Jani, Mr. Chiddix, Mr. Nabors and Ms. Graham were appointed to serve on the Company's compensation committee, with Ms. Graham serving as the chair. Ms. Graham, Mr. Jani and Mr. Nabors were appointed to serve on the Company's nominating and corporate governance committee, with Mr. Jani serving as the chair. Additionally, upon consummation of the Business Combination, Komal Misra was appointed as Executive Vice President; Joseph Lipowski was appointed as Executive Vice President and Chief Technology Officer; Alex Moulle-Berteaux was appointed as Executive Vice President and Chief Operating Officer; Virginia Lam Abrams was appointed as Executive Vice President, Government Affairs and Strategic Advancement; William Lundregan was appointed as Executive Vice President, Chief Legal Officer and Secretary; Jeremy MacKechnie was appointed as Executive Vice President, Head of People and Customer Experience; and Brian Regan was appointed as Executive Vice President, Strategy and Chief of Staff.
Board Change • Mar 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.