Star Equity Holdings

Star Equity Holdings, Inc. engages in the business of healthcare and construction. It operates through the following segments: Diagnostic Services, Diagnostic Imaging, Construction, and Investments. The Diagnostic Services segment offers a convenient and economically efficient imaging services program as an alternative to purchasing equipment or outsourcing the procedures to another physician or imaging center. The Diagnostic Imaging segment sells its internally developed solid-state gamma cameras, imaging systems, and camera maintenance contracts. The Construction segment manufactures modular housing units, structural wall panels, permanent wood foundation systems, other engineered wood products, and supply general contractors with building materials. The Investment segment operates real estate assets that were acquired and minority investments. The company was founded in 1997 and is headquartered in Suwanee, GA.

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Star Equity Holdings (STRR) reports Q1 decline but eyes growth through Timber Technologies acquisition

Star Equity Holdings (STRR) reported a decline in financial performance in Q1 2024, marked by lower revenue, gross margin, and net income. However, the acquisition of Timber Technologies signals a strategic move towards growth and value creation. Challenges include financial losses and increased debt, but opportunities lie in leveraging the acquisition for future expansion.

Star Equity Holdings reports strong revenue growth amidst margin challenges

Star Equity Holdings reported robust revenue growth driven by acquisitions but faced challenges with declining gross margin and rising SG&A expenses.
The company's strategic initiatives, including share buyback and entry into new sectors, indicate a focus on enhancing shareholder value and diversification.
Addressing operational efficiency, cost management, and transparency in financial reporting will be crucial for improving profitability and investor confidence.
Exploration of further acquisitions and revenue diversification presents opportunities for sustained growth and market expansion.

Star Equity Holdings reports revenue growth amidst margin challenges

Star Equity Holdings showed strong revenue growth but faced challenges with declining gross margin and increased expenses.
Despite reporting a net loss in Q3, the company remains optimistic about future financial performance and growth prospects.
Diversification efforts, project pipeline, and strategic investments position Star Equity for potential opportunities ahead.

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Star Equity Holdings, Inc. is a holding company. It operates under the Construction and Investments segments. The Construction segment is involved in manufacturing modular housing units and providing other building components for commercial and residential real estate projects. The Investments segment focuses on managing and financing the company's real estate assets as well as its investment positions in private and public companies. The company was founded in 1997 and is headquartered in Old Greenwich, CT.

OLD GREENWICH, Conn., March 18, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the fourth quarter ended December 31, 2023, before the market opens on Friday, March 22, 2024.

Star Equity Holdings to Release Fourth Quarter 2023 Financial Results on March 22nd

OLD GREENWICH, Conn., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that Star Real Estate Holdings USA, Inc. (“SRE”), the real estate arm of the Company's Investments division, has entered into a sale-leaseback agreement for its South Paris, Maine facility. This facility will continue to be used by KBS Builders, Inc., Star's wholly owned modular manufacturing business (“KBS”). The transaction is subject to customary due diligence and is expected to close in the first quarter of 2024.

Star Equity Holdings Announces $5.9 Million Sale-Leaseback Transaction

OLD GREENWICH, Conn., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business has signed a $2 million contract to manufacture 14 modular units to provide seasonal workforce housing for the Town of Nantucket, MA.

KBS Builders Wins $2 Million Contract for Nantucket Workforce Housing Project

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q3 2023 Earnings Conference Call November 8, 2023 10:00 AM ET Company Participants Rick Coleman - CEO & Director Dave Noble - CFO Jeff Eberwein - Executive Chairman Conference Call Participants Theodore O'Neill - Litchfield Hills Research Justin Smith - Maxim Group Devon Xu - North First Capital Management Operator Greetings, ladies and gentlemen, and welcome to the Star Equity Holdings, Inc's third quarter 2023 results conference call. Please be advised the discussions on today's call may include forward-looking statements such forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q3 2023 Earnings Call Transcript

Ended the third quarter with cash and cash equivalents of $20.7 million; well positioned to expand existing businesses organically or grow through acquisitions of bolt-ons or new verticals Ended the third quarter with cash and cash equivalents of $20.7 million; well positioned to expand existing businesses organically or grow through acquisitions of bolt-ons or new verticals

Star Equity Holdings, Inc. Announces 2023 Third Quarter Financial Results

Accretive Bolt-On Acquisition Positions Star's Glenbrook Business as a Twin Cities Regional Player Accretive Bolt-On Acquisition Positions Star's Glenbrook Business as a Twin Cities Regional Player

Star Equity Holdings Announces Acquisition of Big Lake Lumber

OLD GREENWICH, Conn., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business has signed an approximately $1.9 million initial contract to manufacture 12 modules as part of a multi-phase project designed to bring affordable housing to rural Maine.

KBS Builders Wins $1.9 Million Initial Contract for a Multi-Phase Affordable Housing Project in Maine

OLD GREENWICH, Conn., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the third quarter ended September 30, 2023, before the market opens on Wednesday, November 8, 2023.

Star Equity Holdings to Release Third Quarter 2023 Financial Results on November 8th

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q2 2023 Results Conference Call August 11, 2023 10:00 AM ET Company Participants Rick Coleman - Chief Executive Officer Dave Noble - Chief Financial Officer Jeffrey Eberwein - Executive Chairman Conference Call Participants Tate Sullivan - Maxim Group Theodore O'Neil - Litchfield Hills Research Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings Inc. Second Quarter 2023 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q2 2023 Earnings Call Transcript

Well positioned for growth with cash and cash equivalents of $21.4 million and no outstanding debt

Star Equity Holdings, Inc. Announces 2023 Second Quarter Financial Results

OLD GREENWICH, Conn., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the second quarter ended June 30, 2023, before the market opens on Friday, August 11, 2023.

Star Equity Holdings to Release Second Quarter 2023 Financial Results on August 11th

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Star Equity Holdings, Inc. (NASDAQ:STRR ) Q1 2023 Earnings Conference Call May 15, 2023 10:00 AM ET Company Participants Richard Coleman - CEO & Director David Noble - CFO Jeffrey Eberwein - Executive Chairman Conference Call Participants Theodore O'Neill - Litchfield Hills Research Tate Sullivan - Maxim Group Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings, Inc. First Quarter 2023 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q1 2023 Earnings Call Transcript

Consolidated Gross Profit increased 63% in Q1 2023 versus Q1 2022

Star Equity Holdings, Inc. Announces 2023 First Quarter Financial Results

Transformative, Value-Creating Disposition Positions Star Equity for Future Growth Transformative, Value-Creating Disposition Positions Star Equity for Future Growth

Star Equity Holdings, Inc. Announces Sale of Digirad Health, Inc. for $40 Million

OLD GREENWICH, Conn., May 04, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the first quarter ended March 31, 2023, before the market opens on Monday, May 15, 2023.

Star Equity Holdings, Inc. to Release First Quarter 2023 Financial Results on May 15th

OLD GREENWICH, Conn., April 28, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business has signed a $2.2 million contract to manufacture 24 modules for the construction of classrooms for two schools in the South Burlington School District in Burlington, Vermont. This forward-thinking project will be critical in helping the City of Burlington meet its need for permanent learning spaces in a timely, cost-effective, and environmentally friendly manner.

KBS Builders Wins $2.2 Million Contract to Manufacture Classrooms for the South Burlington School District in Burlington, Vermont

OLD GREENWICH, Conn., March 20, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that its Chief Executive Officer, Rick Coleman will present at the Industrial Tech Virtual Conference, presented by Maxim Group LLC and hosted by M-Vest, on Tuesday, March 21, 2023.

Star Equity Holdings, Inc. to Participate in the Industrial Tech Virtual Conference Presented by Maxim Group and hosted by M-Vest on Tuesday, March 21st at 1:00 pm ET

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q4 2022 Earnings Conference Call March 15, 2023 10:00 AM ET Company Participants Rick Coleman - Chief Executive Officer Jeff Eberwein - Executive Chairman Dave Noble - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Tate Sullivan - Maxim Group Operator Greetings, ladies and gentlemen and welcome to Star Equity Holdings Inc.'s Fourth Quarter 2022 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q4 2022 Earnings Call Transcript

Q4 2022 revenues and gross profit increased 8.8% and 34.8% , respectively, compared to Q4 2021

Star Equity Holdings, Inc. Announces 2022 Fourth Quarter and Full Year Financial Results

OLD GREENWICH, Conn., March 08, 2023 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the fourth quarter and full year ended December 31, 2022, before the market opens on Wednesday, March 15, 2023.

Star Equity Holdings, Inc. to Release Fourth Quarter and Full Year 2022 Financial Results on March 15th

Star Equity Holdings, Inc. (NASDAQ:STRR ) Q3 2022 Earnings Conference Call November 11, 2022 10:00 AM ET Company Participants Rick Coleman - Chief Executive Officer Jeff Eberwein - Executive Chairman Dave Noble - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Tate Sullivan - Maxim Group Operator Greetings, ladies and gentlemen and welcome to Star Equity Holdings Third Quarter 2022 Results Conference Call. Please be advised that the discussions on today's call may include forward-looking statements.

Star Equity Holdings, Inc. (STRR) Q3 2022 Earnings Call Transcript

Reported a 55% increase in Q3 2022 consolidated gross profit versus Q3 2021

Star Equity Holdings, Inc. Announces 2022 Third Quarter Financial Results

OLD GREENWICH, Conn., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the third quarter ended September 30, 2022, before the market opens on Friday, November 11, 2022.

Star Equity Holdings, Inc. to Release Third Quarter 2022 Financial Results on November 11

OLD GREENWICH, Conn., Oct. 05, 2022 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its management is scheduled to present at the Windy City Roundup Conference, which is being held in-person from October 12th to 13th at the Swissotel, Chicago.

News for Star Equity Holdings Stock (STRR)