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Starry Group Holdings, Inc.OTCPK:STRY.Q Stock Report

Market Cap US$53.2k
Share Price
n/a
1Y-100.0%
7D0%
1D0%
Portfolio Value
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Starry Group Holdings, Inc.

OTCPK:STRY.Q Stock Report

Market Cap: US$53.2k

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Starry Group Holdings (STRY.Q) Stock Overview

Starry Group Holdings, Inc. operates as a next generation licensed fixed wireless technology developer and internet service provider. More details

STRY.Q fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

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Starry Group Holdings, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Starry Group Holdings
Historical stock prices
Current Share PriceUS$0.0003
52 Week HighUS$2.43
52 Week LowUS$0.0002
Beta2.11
1 Month Change0%
3 Month Change-92.31%
1 Year Change-99.99%
3 Year Changen/a
5 Year Changen/a
Change since IPO-100.00%

Recent News & Updates

Seeking Alpha Nov 14

NYSE notifies Starry of non-compliance with minimum bid price requirement

Wireless 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

Recent updates

Seeking Alpha Nov 14

NYSE notifies Starry of non-compliance with minimum bid price requirement

Wireless 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 02

Starry Group GAAP EPS of -$0.37 misses by $0.01, revenue of $7.96M misses by $0.8M

Starry 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.
Seeking Alpha Oct 20

Starry Group to cut 50% of workforce, withdraws guidance

Starry 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.
Seeking Alpha Aug 09

Starry Group GAAP EPS of -$0.22, revenue of $7.75M

Starry 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.

Shareholder Returns

STRY.QUS TelecomUS Market
7D0%-10.8%-0.9%
1Y-100.0%-10.1%19.4%

Return vs Industry: STRY.Q underperformed the US Telecom industry which returned -16.7% over the past year.

Return vs Market: STRY.Q underperformed the US Market which returned 13.2% over the past year.

Price Volatility

Is STRY.Q's price volatile compared to industry and market?
STRY.Q volatility
STRY.Q Average Weekly Movement40.3%
Telecom Industry Average Movement8.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: STRY.Q's share price has been volatile over the past 3 months.

Volatility Over Time: STRY.Q's weekly volatility has decreased from 93% to 40% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20141,000Alex Moulle-Berteauxstarry.com

Starry Group Holdings, Inc. operates as a next generation licensed fixed wireless technology developer and internet service provider. The company is deploying gigabit capable broadband to the home using its hybrid fiber fixed wireless technology. It serves approximately 5.3 million households through deploying its gigabit network in six U.S. cities, including Boston, Massachusetts; New York, New York; Los Angeles, California; Washington D.C.; Denver, Colorado; and Columbus, Ohio.

Starry Group Holdings, Inc. Fundamentals Summary

How do Starry Group Holdings's earnings and revenue compare to its market cap?
STRY.Q fundamental statistics
Market capUS$53.22k
Earnings (TTM)-US$197.42m
Revenue (TTM)US$29.86m
0.0x
P/S Ratio
0.0x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
STRY.Q income statement (TTM)
RevenueUS$29.86m
Cost of RevenueUS$78.31m
Gross Profit-US$48.45m
Other ExpensesUS$148.97m
Earnings-US$197.42m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.11
Gross Margin-162.26%
Net Profit Margin-661.14%
Debt/Equity Ratio-457.0%

How did STRY.Q perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/09/03 01:17
End of Day Share Price 2023/08/31 00:00
Earnings2022/09/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Starry Group Holdings, Inc. is covered by 4 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael RollinsCitigroup Inc
Brett FeldmanGoldman Sachs
Timothy HoranOppenheimer & Co. Inc.