Announcement • Jan 09
Kaspien Holdings Files Form 15 Kaspien Holdings 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. Announcement • Dec 19
Kaspien Holdings' Delisting of Common Stock from OTCQB Expected to Become Effective on or About January 8, 2024 On December 18, 2023, Kaspien Holdings Inc., pursuant to an authorization by its board of directors (the “Board”), issued a press release regarding its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) on or about December 28, 2023. As a result, the Company expects the delisting of its common stock from the OTCQB to become effective on or about January 8, 2024. The Company also will be taking steps to deregister as a public company under the Securities Exchange Act of 1934 (the “Securities Act”). Announcement • Dec 13
Kaspien Holdings Inc. announced delayed 10-Q filing On 12/12/2023, Kaspien Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Jun 15
First quarter 2024 earnings released: US$0.43 loss per share (vs US$1.78 loss in 1Q 2023) First quarter 2024 results: US$0.43 loss per share (improved from US$1.78 loss in 1Q 2023). Revenue: US$32.9m (up 3.6% from 1Q 2023). Net loss: US$2.15m (loss narrowed 51% from 1Q 2023). Announcement • May 27
Kaspien Holdings Inc., Annual General Meeting, Jun 28, 2023 Kaspien Holdings Inc., Annual General Meeting, Jun 28, 2023, at 10:00 Pacific Standard Time. Agenda: To elect four directors to serve one-year terms and until their successors are chosen and qualified; to ratify the appointment of fruci & associates ii, pllc as our independent registered public accounting firm for the fiscal year ending February 3, 2024; and; to transact such other business as may properly come before the meeting or any adjournment or adjournments thereof. Announcement • May 24
Kaspien Holdings Announces Voluntary Delisting from The Nasdaq Stock Market LLC and Intent to File Form 25 with the U.S. Securities and Exchange Commission On May 22, 2023, Kaspien Holdings Inc. notified The Nasdaq Stock Market LLC (‘Nasdaq’) of the company's decision to voluntarily delist its common stock from The Nasdaq Capital Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the ‘SEC’) on or about June 1, 2023. As a result, the Company expects the delisting of its common stock to become effective on or about June 12, 2023. As previously noted on the Company's Current Report on Form 8-K filed with the SEC on December 15, 2022 and on the Company's Current Report on Form 8-K filed with the SEC on May 8, 2023, the Company had received written notices from Nasdaq that the Company was not in compliance with the minimum bid price and minimum stockholders' equity requirements, respectively, for continued listing on The Nasdaq Capital Market. After careful evaluation of the options available to the Company, the Company's board of directors (the ‘Board’) has determined that the voluntary delisting of the Company's common stock from The Nasdaq Capital Market is in the best interests of the Company and its stockholders. The Board's decision was based on careful review of several factors, including the likely inability of the Company to regain compliance with the foregoing Nasdaq listing rules and the significant costs associated therewith. In addition, the Board believes a delisting provides the Company and its stockholders lower operating costs and management time commitment for compliance activities. The Company anticipates that its common stock will be quoted on the OTCQB or other market operated by OTC Markets Group Inc. (the ‘OTC’), and it intends to take such actions to enable its common stock to be quoted on the OTCQB or on another OTC market so that a trading market may continue to exist for its common stock. There is no guarantee, however, that a broker will continue to make a market in the common stock and that trading of the common stock will continue on an OTC market or otherwise. At this time, the Company is not taking steps to deregister as a public company under the Securities Exchange Act of 1934. Announcement • May 10
Kaspien Holdings Inc. Receives Non-Compliance Written Notice from Nasdaq As previously noted on the Company's Form 8-K filed with the Securities and Exchange Commission on December 15, 2022, Kaspien Holdings Inc. (the Company") had received written notice from The Nasdaq Stock Market (Nasdaq") that the Company is not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2), and must regain compliance with that requirement by June 12, 2023. Separately, on May 4, 2023, the Company received written notice from Nasdaq that given the reported stockholders' equity on the Company's Form 10-K for the year ended January 28, 2023, the Company also is not in compliance with the minimum stockholders' equity requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1). In accordance with the Nasdaq Listing Rules, the Company has been provided a period of 45 calendar days, or until June 20, 2023, to submit a plan to Nasdaq to regain compliance with the minimum stockholders' equity requirement. If the Company's plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the date of its letter, or until October 31, 2023, for the Company to evidence compliance. If the Company's plan is not accepted, the Company expects that at that time Nasdaq will provide written notice to the Company that the Company's common stock will be subject to delisting. Neither notice has an immediate impact on the listing of the Company's common stock, which will continue to trade on The Nasdaq Capital Market. The Company continues to monitor its closing bid price for its common stock and to consider available options to resolve the Company's noncompliance with the minimum bid price requirement and noncompliance with the minimum stockholders' equity requirement. Reported Earnings • Apr 30
Full year 2023 earnings released: US$5.47 loss per share (vs US$3.28 loss in FY 2022) Full year 2023 results: US$5.47 loss per share (further deteriorated from US$3.28 loss in FY 2022). Revenue: US$128.2m (down 11% from FY 2022). Net loss: US$19.0m (loss widened 137% from FY 2022). Announcement • Dec 17
Kaspien Holdings Receives Non-Compliance Notice From Nasdaq On December 14, 2022, Kaspien Holdings Inc. (Company) received written notice (Notice) from The Nasdaq Stock Market (Nasdaq) that the closing bid price for its common stock had been below $1.00 for the previous 30 consecutive business days, and that the Company therefore is not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period of 180 calendar days, or until June 12, 2023, to regain compliance. In order to regain compliance with the minimum closing bid price rule, the closing bid price of the Company’s common stock must be at least $1.00 for a minimum of ten consecutive business days during the compliance period. If the Company does not regain compliance during the initial compliance period, the Company may be eligible for additional time to regain compliance. If the Company is not eligible, the Company expects that at that time Nasdaq will provide written notice to the Company that the Company’s common stock will be subject to delisting. The Notice has no immediate impact on the listing of the Company’s common stock, which will continue to trade on The Nasdaq Capital Market. The Company intends to monitor its closing bid price for its common stock between now and June 12, 2023 and will consider available options to resolve the Company’s noncompliance with the minimum bid price requirement, as may be necessary. Reported Earnings • Dec 15
Third quarter 2023 earnings released: US$0.92 loss per share (vs US$0.36 loss in 3Q 2022) Third quarter 2023 results: US$0.92 loss per share (further deteriorated from US$0.36 loss in 3Q 2022). Revenue: US$29.1m (down 9.4% from 3Q 2022). Net loss: US$3.56m (loss widened 302% from 3Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 8.0% growth forecast for the Software industry in Germany. Announcement • Dec 08
Kaspien Holdings Inc. to Report Q3, 2023 Results on Dec 13, 2022 Kaspien Holdings Inc. announced that they will report Q3, 2023 results on Dec 13, 2022 Announcement • Nov 02
Kaspien Holdings Inc. Appoints Mark Holliday as Director On October 26, 2022, the board of directors of Kaspien Holdings Inc. appointed Mark Holliday as a director of the Company for the term expiring at the Company’s 2023 Annual Meeting of Shareholders Meeting and appointed Mr. Holliday to the Audit, Compensation and Nominating and Governance Committees of the Board. Reported Earnings • Sep 15
Second quarter 2023 earnings released: US$1.69 loss per share (vs US$0.033 profit in 2Q 2022) Second quarter 2023 results: US$1.69 loss per share (down from US$0.033 profit in 2Q 2022). Revenue: US$33.9m (down 2.8% from 2Q 2022). Net loss: US$4.42m (down US$4.50m from profit in 2Q 2022). Announcement • Sep 08
Kaspien Holdings Inc. to Report Q2, 2023 Results on Sep 13, 2022 Kaspien Holdings Inc. announced that they will report Q2, 2023 results on Sep 13, 2022 Announcement • Jul 15
Kaspien Holdings Inc. announced that it has received $6.000001 million in funding from Empery Asset Management, LP On July 14, 2022, Kaspien Holdings Inc. closed the transaction. Reported Earnings • Jun 15
First quarter 2023 earnings released: US$1.78 loss per share (vs US$0.61 loss in 1Q 2022) First quarter 2023 results: US$1.78 loss per share (down from US$0.61 loss in 1Q 2022). Revenue: US$31.8m (down 22% from 1Q 2022). Net loss: US$4.43m (loss widened 213% from 1Q 2022). Announcement • Jun 08
Kaspien Holdings Inc. to Report Q1, 2023 Results on Jun 14, 2022 Kaspien Holdings Inc. announced that they will report Q1, 2023 results After-Market on Jun 14, 2022 Announcement • Jun 01
Kaspien Holdings Inc., Annual General Meeting, Jun 29, 2022 Kaspien Holdings Inc., Annual General Meeting, Jun 29, 2022, at 10:00 Pacific Standard Time. Agenda: To elect three Directors to serve one-year terms and until their successors are chosen and qualified; to discuss Advisory Vote to Approve Named Executive Officer Compensation; to ratify the appointment of Fruci & Associates II, PLLC as independent registered public accounting firm for the fiscal year ending January 28, 2023; and to transact such other business as may properly come before the meeting or any adjournment or adjournments thereof. Reported Earnings • May 01
Full year 2022 earnings released: US$3.28 loss per share (vs US$2.11 loss in FY 2021) Full year 2022 results: US$3.28 loss per share (down from US$2.11 loss in FY 2021). Revenue: US$143.7m (down 9.2% from FY 2021). Net loss: US$8.03m (loss widened 106% from FY 2021). Over the next year, revenue is forecast to grow 6.6%, compared to a 14% growth forecast for the industry in Germany. Announcement • Apr 21
Kaspien Holdings Inc. to Report Fiscal Year 2022 Results on Apr 29, 2022 Kaspien Holdings Inc. announced that they will report fiscal year 2022 results After-Market on Apr 29, 2022 Breakeven Date Change • Dec 14
No longer forecast to breakeven The analyst covering Kaspien Holdings no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$794.0k in 2023. New forecast suggests the company will make a loss of US$1.11m in 2023. Reported Earnings • Dec 12
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: US$0.36 loss per share (down from US$1.40 profit in 3Q 2021). Revenue: US$32.2m (down 17% from 3Q 2021). Net loss: US$886.0k (down 135% from profit in 3Q 2021). Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €14.10, the stock trades at a trailing P/E ratio of 37x. Average forward P/E is 33x in the Software industry in Germany. Total returns to shareholders of 126% over the past year. Reported Earnings • Sep 15
Second quarter 2022 earnings released: EPS US$0.033 (vs US$0.49 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: US$34.9m (down 18% from 2Q 2021). Net income: US$82.0k (up US$981.0k from 2Q 2021). Profit margin: 0.2% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Announcement • Aug 21
Kaspien Releases Sponsored Brands Video Campaign Management in AdManager Software Kaspien Holdings Inc. released a new feature within their Amazon PPC software, AdManager. This new feature enables AdManager software users to manage another campaign type, Sponsored Brands Video, directly within AdManager. By managing this ad type within AdManager, as opposed to exclusively in Amazon's Advertising portal within Seller Central, advertisers can automate optimizations (including bid-up and bid-down optimizations), add new high-converting keywords from the Search Term Report, and add low-converting keywords as negative keywords. It also saves time for manual optimizations by allowing users to adjust all keywords, ads, ad groups, or campaigns at once via a centralized keywords table. AdManager also enhances the efficiency of Sponsored Brands Video campaigns through a combination of value-based and rule-based bidding, which enables optimizations to be more nuanced, precise, and efficient. Budget optimization can also be automated to ensure ads remain running through the day, an increasingly important aspect of campaign management as cost-per-click continues to rise on Amazon. Additionally, advertisers that are managing Sponsored Brands Video campaigns with Amazon's Seller Central can only view campaign performance data from the trailing 90 days. To retain access to historical data beyond 90 days, advertisers must export the data. AdManager solves these issues by not only collecting data from the lifetime of the campaign, but also by presenting it in a single place, so users can easily assess campaign performance and make strategic improvements. Kaspien's advertising team has found the eye-catching nature of Sponsored Brands Video ads enables them to highlight products' unique selling proposition better than any other ad type on Amazon. Reported Earnings • Jun 16
First quarter 2022 earnings released: US$0.61 loss per share (vs US$2.97 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: US$40.6m (up 29% from 1Q 2021). Net loss: US$1.42m (loss narrowed 74% from 1Q 2021). Reported Earnings • May 06
Full year 2021 earnings released: US$2.11 loss per share (vs US$7.93 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: US$158.3m (up 19% from FY 2020). Net loss: US$3.89m (loss narrowed 73% from FY 2020). Reported Earnings • Apr 17
Full year 2021 earnings released: US$2.11 loss per share (vs US$32.35 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: US$158.3m (down 51% from FY 2020). Net loss: US$3.89m (loss narrowed 93% from FY 2020). Announcement • Mar 17
Kaspien Holdings Inc. has completed a Follow-on Equity Offering in the amount of $13.5395 million. Kaspien Holdings Inc. has completed a Follow-on Equity Offering in the amount of $13.5395 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 416,600
Price\Range: $32.5
Discount Per Security: $2.275 Announcement • Feb 05
Kaspien Inc Appoints Scott Allen as Chief of Staff Kaspien Inc. announced that Scott Allen has joined the company as Chief of Staff. Allen is a 21-year Air Force veteran who brings a vast amount of strategic leadership experience guiding large teams through operational execution. He reports directly to Kunal Chopra, CEO of Kaspien Inc., and will focus on streamlining strategic initiatives, overseeing program management, and communicating objectives between departments. Announcement • Jan 29
Kaspien Announces Compliance with Nasdaq Listing Requirements on January 22, 2021, Kaspien Holdings Inc. received written notice from the Listing Qualifications Staff of The Nasdaq Stock Market confirming that the company had regained compliance with the continued listing requirements after the company’s market value exceeded $35 million for 10 consecutive days in January 2021. Announcement • Jan 08
Kaspien and Levin Consulting Announce Partnership to Provide Omnichannel Solutions for Consumer Technology Brands Kaspien and Levin Consulting announced a new partnership focused on providing consumer brands with omni-channel strategy and services for both online marketplaces like Amazon and traditional retailers. Kaspien is the leading ecommerce software and services provider for emerging and billion-dollar brands. With over 12 years of experience serving over 4,000 brands on Amazon, Walmart, and other major online marketplaces, Kaspien’s robust platform provides services for digital marketing, inventory and supply chain management, brand protection, and more. Levin Consulting has spent the past 33 years servicing consumer technology brands in the retail sector. Their focus has been on developing and executing strategies for profitable and scalable growth. Having worked with emerging technologies to Fortune 100 giants, the scope includes: channel, product and geographical expansion, as well as brand licensing and acquisition. Is New 90 Day High Low • Jan 06
New 90-day high: €16.30 The company is up 142% from its price of €6.73 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 16% over the same period. Reported Earnings • Dec 16
Third quarter 2021 earnings released: EPS US$1.40 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$38.9m (down 44% from 3Q 2020). Net income: US$2.55m (up US$25.7m from 3Q 2020). Profit margin: 6.6% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses.