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VirnetX Holding

AMEX:VHC
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VHC
AMEX
$420M
Market Cap
  1. Home
  2. US
  3. Software
Company description

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc., operates as an Internet security software and technology company primarily in the United States. The last earnings update was 12 days ago. More info.


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VHC Share Price and Events
7 Day Returns
-7.4%
AMEX:VHC
3.9%
US Software
1.6%
US Market
1 Year Returns
87%
AMEX:VHC
27%
US Software
2.6%
US Market
VHC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VirnetX Holding (VHC) -7.4% -0.6% 19.6% 87% 19.8% -60.7%
US Software 3.9% 3.4% 10.7% 27% 125.5% 158.5%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • VHC outperformed the Software industry which returned 27% over the past year.
  • VHC outperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
VHC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is VirnetX Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for VirnetX Holding. This is due to cash flow or dividend data being unavailable. The share price is $6.17.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for VirnetX Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VirnetX Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:VHC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.36
AMEX:VHC Share Price ** AMEX (2019-05-21) in USD $6.17
United States of America Software Industry PE Ratio Median Figure of 81 Publicly-Listed Software Companies 55.75x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of VirnetX Holding.

AMEX:VHC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:VHC Share Price ÷ EPS (both in USD)

= 6.17 ÷ -0.36

-17.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VirnetX Holding is loss making, we can't compare its value to the US Software industry average.
  • VirnetX Holding is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does VirnetX Holding's expected growth come at a high price?
Raw Data
AMEX:VHC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.16x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for VirnetX Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VirnetX Holding's assets?
Raw Data
AMEX:VHC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.13
AMEX:VHC Share Price * AMEX (2019-05-21) in USD $6.17
United States of America Software Industry PB Ratio Median Figure of 222 Publicly-Listed Software Companies 5.72x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
AMEX:VHC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:VHC Share Price ÷ Book Value per Share (both in USD)

= 6.17 ÷ 0.13

48.13x

* Primary Listing of VirnetX Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VirnetX Holding is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess VirnetX Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. VirnetX Holding has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is VirnetX Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 VirnetX Holding 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.4%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VirnetX Holding expected to grow at an attractive rate?
  • Unable to compare VirnetX Holding's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare VirnetX Holding's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare VirnetX Holding's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:VHC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.4%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:VHC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:VHC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 0 -22 -23
2018-12-31 0 -22 -25
2018-09-30 0 -21 -25
2018-06-30 1 -17 -24
2018-03-31 1 -14 -21
2017-12-31 2 -15 -17
2017-09-30 2 -18 -18
2017-06-30 2 -17 -22
2017-03-31 2 -20 -24
2016-12-31 2 -22 -29
2016-09-30 2 -20 -29
2016-06-30 2 -27 -28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if VirnetX Holding is high growth as no earnings estimate data is available.
  • Unable to determine if VirnetX Holding is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:VHC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from VirnetX Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:VHC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.36
2018-12-31 -0.40
2018-09-30 -0.41
2018-06-30 -0.40
2018-03-31 -0.36
2017-12-31 -0.30
2017-09-30 -0.32
2017-06-30 -0.39
2017-03-31 -0.42
2016-12-31 -0.51
2016-09-30 -0.53
2016-06-30 -0.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if VirnetX Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine VirnetX Holding's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. VirnetX Holding's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. VirnetX Holding's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess VirnetX Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
VirnetX Holding has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has VirnetX Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare VirnetX Holding's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • VirnetX Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare VirnetX Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare VirnetX Holding's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
VirnetX Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from VirnetX Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:VHC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 0.07 -23.41 18.80 4.75
2018-12-31 0.06 -25.41 20.71 4.82
2018-09-30 0.43 -25.02 22.35 3.14
2018-06-30 0.80 -23.64 21.48 2.99
2018-03-31 1.18 -20.99 17.85 4.35
2017-12-31 1.55 -17.28 14.71 4.16
2017-09-30 1.55 -18.48 16.31 3.76
2017-06-30 1.55 -22.31 19.47 3.44
2017-03-31 1.55 -23.85 21.60 2.86
2016-12-31 1.55 -28.57 25.02 4.16
2016-09-30 1.55 -29.07 27.28 2.40
2016-06-30 1.55 -27.78 25.95 2.40
2016-03-31 1.56 -31.99 25.99 2.34
2015-12-31 1.56 -29.23 23.19 2.28
2015-09-30 1.59 -14.17 25.23 2.21
2015-06-30 1.51 -12.55 26.42 2.12
2015-03-31 1.37 -9.67 27.20 2.05
2014-12-31 1.25 -9.90 28.31 2.00
2014-09-30 1.10 -24.78 25.97 1.85
2014-06-30 2.42 -25.44 26.23 1.79
2014-03-31 2.15 -25.80 26.34 1.83
2013-12-31 2.20 -27.61 29.00 1.78
2013-09-30 1.92 -27.29 31.92 1.77
2013-06-30 0.68 -26.88 34.98 1.71
2013-03-31 0.71 -30.11 40.27 1.60
2012-12-31 0.41 -26.92 37.72 1.56
2012-09-30 0.40 -25.90 33.88 1.54
2012-06-30 0.04 -15.31 28.30 1.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if VirnetX Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if VirnetX Holding has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if VirnetX Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess VirnetX Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
VirnetX Holding has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is VirnetX Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up VirnetX Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VirnetX Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VirnetX Holding has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VirnetX Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • VirnetX Holding has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from VirnetX Holding Company Filings, last reported 1 month ago.

AMEX:VHC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 8.73 0.00 8.26
2018-12-31 9.89 0.00 9.41
2018-09-30 13.36 0.00 12.04
2018-06-30 3.65 0.00 4.69
2018-03-31 4.17 0.00 6.13
2017-12-31 1.55 0.00 4.59
2017-09-30 2.68 0.00 4.31
2017-06-30 5.17 0.00 6.45
2017-03-31 8.08 0.00 9.74
2016-12-31 11.15 0.00 15.88
2016-09-30 12.40 0.00 17.77
2016-06-30 17.48 0.00 18.21
2016-03-31 14.54 0.00 17.87
2015-12-31 15.10 0.00 18.68
2015-09-30 18.33 0.00 20.79
2015-06-30 21.66 0.00 28.08
2015-03-31 29.34 0.00 34.70
2014-12-31 32.63 0.00 41.23
2014-09-30 22.86 0.00 24.44
2014-06-30 25.05 0.00 25.74
2014-03-31 29.82 0.00 30.94
2013-12-31 34.02 0.00 38.99
2013-09-30 39.32 0.00 44.27
2013-06-30 42.38 0.00 46.26
2013-03-31 47.65 0.00 38.67
2012-12-31 53.94 0.00 46.15
2012-09-30 56.23 0.00 52.92
2012-06-30 58.58 0.00 63.75
  • VirnetX Holding has no debt.
  • VirnetX Holding has not taken on any debt in the past 5 years.
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.

  • VirnetX Holding has less than a year of cash runway based on current free cash flow.
  • VirnetX Holding has less than a year of cash runway if free cash flow continues to reduce at historical rates of -8.7% each year.
X
Financial health checks
We assess VirnetX Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. VirnetX Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is VirnetX Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from VirnetX Holding dividends.
If you bought $2,000 of VirnetX Holding shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate VirnetX Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate VirnetX Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:VHC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as VirnetX Holding has not reported any payouts.
  • Unable to verify if VirnetX Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of VirnetX Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as VirnetX Holding has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
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Income/ dividend checks
We assess VirnetX Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can VirnetX Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VirnetX Holding has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of VirnetX Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kendall Larsen
COMPENSATION $1,853,067
AGE 61
TENURE AS CEO 11.8 years
CEO Bio

Mr. Kendall Larsen has been the Chief Executive Officer and President of VirnetX Holding Corp since June 10, 2007 and July 5, 2007 respectively and VirnetX Inc. since August 2005. Mr. Larsen served as the Chief Executive Officer of PASW Inc. From April 2003 to July 2005, he focused on pre-incorporation activities related to VirnetX. From April 2002 to April 2003, he served as a Limited Partner at Osprey Ventures, L.P. He has also held senior executive positions over a period of over twenty years at various leading technology companies, including RSA Security, Inc., Xerox Corporation, Rolm/International Business Machines Corporation, Novell, Inc., General Magic, Inc., and Ramp Networks. Mr. Larsen held various management sales positions at IBM and Xerox Corporation. From October 2000 to April 2002, he served as the Senior Vice President and General Manager of the Security Products Division of Phoenix Technologies Ltd. Before joining Phoenix, Mr. Larsen was with RSA Security, Inc. as the Senior Vice President of Worldwide Alliances and OEM Sales from May 1998 to October 2000. Prior to joining RSA, he served as the Vice President of International Sales and Vice President of Worldwide Sales at Ramp Networks from September 1996 to April 1998. From January 1994 to August 1996, he served as the Managing Director of the Americas for General Magic. From April 2003 to July 2005, Mr. Larsen focused on pre-incorporation activities related to VirnetX Inc. He has been the Chairman of VirnetX Holding Corp since July 5, 2007. He has been a Member of Advisory Board at SpaceCurve, Inc. since May 2012. He has been an Executive Director of VirnetX Holding Corp since June 10, 2007 and VirnetX since August 2005. He has been a Director of Yonder Media, Inc. since August 2009. He has also served as a Director of National Accounts, Director of OEM Sales and Director of the western area for Novell, Inc. Mr. Larsen holds a B.S. degree in Economics from the University of Utah.

CEO Compensation
  • Kendall's compensation has increased whilst company is loss making.
  • Kendall's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the VirnetX Holding management team in years:

8.5
Average Tenure
63.5
Average Age
  • The average tenure for the VirnetX Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kendall Larsen

TITLE
Chairman
COMPENSATION
$2M
AGE
61
TENURE
11.8 yrs

Richard Nance

TITLE
Chief Financial Officer
COMPENSATION
$316K
AGE
69
TENURE
7.1 yrs

Bob Short

TITLE
CTO, Chief Scientist & Director
COMPENSATION
$1M
AGE
66
TENURE
8.9 yrs

Kathleen Larsen

TITLE
Co-Founder and Chief Administration Officer & Secretary

Greg Wood

TITLE
Vice President of Corporate Communications
TENURE
8.1 yrs

Sameer Mathur

TITLE
Vice President of Corporate Development & Marketing
TENURE
11.8 yrs

Willard Thomas

TITLE
Vice President of Worldwide Sales
TENURE
3.6 yrs

Katie Martin

TITLE
Corporate Secretary
AGE
56
Board of Directors Tenure

Average tenure and age of the VirnetX Holding board of directors in years:

10.6
Average Tenure
61
Average Age
  • The average tenure for the VirnetX Holding board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bob Short

TITLE
CTO, Chief Scientist & Director
COMPENSATION
$1M
AGE
66
TENURE
8.8 yrs

Michael Angelo

TITLE
Independent Director
COMPENSATION
$114K
AGE
58
TENURE
11.8 yrs

Kendall Larsen

TITLE
Chairman
COMPENSATION
$2M
AGE
61
TENURE
11.8 yrs

Gary Feiner

TITLE
Independent Director
COMPENSATION
$115K
AGE
55
TENURE
5.3 yrs

Tom O'Brien

TITLE
Independent Director
COMPENSATION
$132K
AGE
51
TENURE
11.8 yrs

John Cronin

TITLE
Member of Advisory Board
AGE
63
TENURE
10.6 yrs

John Slitz

TITLE
Member of Advisory Board
AGE
70
TENURE
10.6 yrs

Paul Henderson

TITLE
Member of Advisory Board
TENURE
10.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess VirnetX Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. VirnetX Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could VirnetX Holding Corp's (NYSEMKT:VHC) Investor Composition Influence The Stock Price?

Every investor in VirnetX Holding Corp (NYSEMKT:VHC) should be aware of the most powerful shareholder groups. … VirnetX Holding is a smaller company with a market capitalization of US$438m, so it may still be flying under the radar of many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

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Does VirnetX Holding Corp's (NYSEMKT:VHC) CEO Pay Compare Well With Peers?

How Does Kendall Larsen's Compensation Compare With Similar Sized Companies. … According to our data, VirnetX Holding Corp has a market capitalization of US$363m, and pays its CEO total annual compensation worth US$1.3m. … We looked at a group of companies with market capitalizations from US$200m to US$800m, and the median CEO compensation was US$1.5m.

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Is VirnetX Holding Corp (NYSEMKT:VHC) A Financially Sound Company?

VirnetX Holding Corp (NYSEMKT:VHC), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is financial flexibility worth the lower cost of capital. … But the downside of having debt in a company’s balance sheet is the debtholder’s higher claim on its assets in the case of liquidation, as well as stricter capital management requirements.

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Our Take On VirnetX Holding Corp's (NYSEMKT:VHC) CEO Salary

How Does Kendall Larsen's Compensation Compare With Similar Sized Companies. … According to our data, VirnetX Holding Corp has a market capitalization of US$206m, and pays its CEO total annual compensation worth US$1.3m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$666k

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Do Insiders Own Lots Of Shares In VirnetX Holding Corp (NYSEMKT:VHC)?

The big shareholder groups in VirnetX Holding Corp (NYSEMKT:VHC) have power over the company. … With a market capitalization of US$215m, VirnetX Holding is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

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Is VirnetX Holding Corp's (NYSEMKT:VHC) CEO Pay Fair?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

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Are Earnings Prospects Improving For Loss-Making VirnetX Holding Corp's (NYSEMKT:VHC)?

Measuring VirnetX Holding Corp's (NYSEMKT:VHC) track record of past performance is an insightful exercise for investors. … Below, I will assess VHC's recent performance announced on 31 March 2018 and compare these figures to its historical trend and industry movements. … VHC is loss-making, with the most recent trailing twelve-month earnings of -US$20.99m (from 31 March 2018), which compared to last year has become

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Does VirnetX Holding Corp's (NYSEMKT:VHC) Latest Financial Perfomance Look Strong?

Measuring VirnetX Holding Corp's (AMEX:VHC) track record of past performance is a useful exercise for investors. … View our latest analysis for VirnetX Holding Commentary On VHC's Past Performance I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … AMEX:VHC Income Statement Apr 19th 18 We can further examine VirnetX Holding's loss by looking at what the industry has been experiencing over the past few years.

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Company Info

Description

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc., operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet, as well as enable organizations and individuals to establish communities of secure, registered users, and transmit information between various devices, networks, and operating systems. These secure network communities are designed to support content applications, such as instant messaging, voice over Internet protocol, mobile services, streaming video, file transfer, and remote desktop. It also offers a portfolio of licenses and services, such as VirnetX technology licensing; GABRIEL Connection Technology software development kit, including object libraries, sample code, testing and quality assurance tools, and supporting documentation required for customers to implement the company’s technology; secure domain name registrar service; registrar server software; connection server software; relay server software; and secure domain name master registry and connection, and technical support services. The company serves domain infrastructure and communication service providers, and system integrators; and enterprise customers, developers, and original equipment manufacturers of chips, servers, smart phones, tablets, e-Readers, laptops, net books, and other devices in the IP-telephony, mobility, fixed-mobile convergence, and unified communications markets. VirnetX Holding Corporation was incorporated in 2005 and is based in Zephyr Cove, Nevada.

Details
Name: VirnetX Holding Corp
VHC
Exchange: AMEX
Founded: 2005
$420,201,686
68,104,001
Website: http://www.virnetx.com
Address: VirnetX Holding Corp
308 Dorla Court,
Suite 206,
Zephyr Cove,
Nevada, 89448,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX VHC Common Shares NYSE MKT LLC US USD 06. Jul 2007
DB VN2 Common Shares Deutsche Boerse AG DE EUR 06. Jul 2007
Number of employees
Current staff
Staff numbers
21
VirnetX Holding employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:02
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.