Duyuru • Dec 17
Starry Announces the NYSE Has Commenced Delisting Proceedings Starry 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. Duyuru • Dec 16
NYSE to Suspend Trading Immediately in Starry Group Holdings and Commence Delisting Proceedings The 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. Duyuru • Nov 15
Starry Receives Notice of NYSE Trading Share Price Listing Rule Non-Compliance Starry 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. Duyuru • Oct 27
Starry Group Holdings, Inc. to Report Q3, 2022 Results on Nov 02, 2022 Starry Group Holdings, Inc. announced that they will report Q3, 2022 results on Nov 02, 2022 Duyuru • Oct 21
Starry Group Holdings, Inc. Withdraws Guidance for the Full Year 2022 Starry 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. Major Estimate Revision • Aug 19
Consensus forecasts updated The 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. Duyuru • Aug 12
Starry Group Holdings, Inc. Announces Availability of Upload Boost Starry 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 10
Price target decreased to US$7.13 Down 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 10
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second 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. Duyuru • Jul 23
Starry Group Holdings, Inc. to Report Q2, 2022 Results on Aug 09, 2022 Starry Group Holdings, Inc. announced that they will report Q2, 2022 results on Aug 09, 2022 Price Target Changed • Jul 12
Price target decreased to US$9.13 Down 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. Duyuru • May 13
Starry Group Holdings, Inc. Provides Earnings Guidance for the Full Year 2022 Starry 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 27
No independent directors Following 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. Duyuru • Apr 16
Starry Group Holdings, Inc. to Report Q1, 2022 Results on May 12, 2022 Starry Group Holdings, Inc. announced that they will report Q1, 2022 results Pre-Market on May 12, 2022 Duyuru • Apr 12
Starry Announces Ben Barrett as Head of Investor Relations Starry 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. Duyuru • Apr 03
Starry, Inc. Announces Management Changes As 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 30
No independent directors Following 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.