OTCPK:RSTN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Sunrise Bidders, Inc. operates an online auction and fixed price marketplace for selling new, excess, closeout, and recertified products. More Details


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has RDE's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine RSTN's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine RSTN's volatility change over the past year.


Market Performance


7 Day Return

-14.1%

RSTN

1.3%

US Online Retail

-0.06%

US Market


1 Year Return

1.4%

RSTN

71.0%

US Online Retail

19.0%

US Market

Return vs Industry: RSTN underperformed the US Online Retail industry which returned 71% over the past year.

Return vs Market: RSTN underperformed the US Market which returned 19% over the past year.


Shareholder returns

RSTNIndustryMarket
7 Day-14.1%1.3%-0.06%
30 Day-15.0%-1.5%4.4%
90 Day41.7%-1.3%6.3%
1 Year1.4%1.4%71.1%71.0%21.7%19.0%
3 Yearn/a98.8%98.6%46.4%36.7%
5 Yearn/a255.2%254.5%91.0%69.9%

Long-Term Price Volatility Vs. Market

How volatile is RDE's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is RDE undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether RDE is trading at an attractive price based on the cash flow it is expected to produce in the future. But as RDE has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of RSTN's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through RDE regulatory filings here.
  • Explore potentially undervalued companies in the Retail industry.

Future Growth

How is RDE forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

34.1%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RDE has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of RSTN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access RDE's filings and announcementshere.
  • Explore growth companies in the Retail industry.

Past Performance

How has RDE performed over the past 5 years?

-483.9%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: RSTN is currently unprofitable.

Growing Profit Margin: RSTN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if RSTN's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare RSTN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RSTN is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (29.3%).


Return on Equity

High ROE: RSTN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is RDE's financial position?


Financial Position Analysis

Short Term Liabilities: RSTN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: RSTN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: RSTN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: RSTN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: RSTN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RSTN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.3% each year


Next Steps

Dividend

What is RDE current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RSTN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RSTN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RSTN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RSTN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RSTN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Ketan Thakker (52 yo)

6.25yrs

Tenure

US$200,000

Compensation

Mr. Ketan Thakker has been Chairman, President and Chief Executive Officer at uBid Holdings, Inc (aka Incumaker, Inc) since August 2014. Mr. Thakker joined uBid Holdings, Inc as Chief Financial Officer in ...


CEO Compensation Analysis

Compensation vs Market: Ketan's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD562.26K).

Compensation vs Earnings: Ketan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ketan Thakker
Chairman6.25yrsUS$200.00k6.95%
$ 523.7k
Michael Hering
Chief Merchandising Officer2yrsUS$20.89k9.72%
$ 732.0k
Salvatore Esposito
Chief Operating Officer2yrsno data1.02%
$ 76.7k
Nancy Ragont
Vice President of Marketingno datano datano data

2.0yrs

Average Tenure

61yo

Average Age

Experienced Management: RSTN's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ketan Thakker
Chairman6.25yrsUS$200.00k6.95%
$ 523.7k
Howard Tullman
Member of Board of Advisorsno datano datano data
Kevin Harrington
Independent Director1.75yrsno data0.056%
$ 4.2k
Mitchell Wingo
Independent Director1.75yrsno data0.056%
$ 4.2k
Paul Danner
Independent Director1.75yrsno data0.056%
$ 4.2k

1.8yrs

Average Tenure

62yo

Average Age

Experienced Board: RSTN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 195.5%.


Top Shareholders

Company Information

RDE, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: RDE, Inc.
  • Ticker: RSTN
  • Exchange: OTCPK
  • Founded: 1997
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: US$7.534m
  • Shares outstanding: 8.86m
  • Website: https://www.ubid.com

Number of Employees


Location

  • RDE, Inc.
  • 566 West Adams Street
  • Chicago
  • Illinois
  • 60661
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RSTNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2018

Biography

Sunrise Bidders, Inc. operates an online auction and fixed price marketplace for selling new, excess, closeout, and recertified products. It offers computer products, including components, desktop computer...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 00:58
End of Day Share Price2020/11/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.