Company Information

  

Address: 5300 HICKORY PARK DRIVE
SUITE 218 
City: GLEN ALLEN 
State: VA 
Zip Code: 23059 
Telephone: 804-433-1522 

Description of Business

Primary SIC Code: 4812
(As filed with the SEC)  

Straight Path Communications Inc. is a communications asset company. We own, via intermediate wholly-owned entities, 100% of Straight Path Spectrum, Inc. ("Straight Path Spectrum") and 100% of Straight Path Ventures, LLC ("Straight Path Ventures"), and we own 84.5% of Straight Path IP Group, Inc. ("Straight Path IP Group"). Straight Path Spectrum's wholly-owned subsidiary, Straight Path Spectrum, LLC, holds fixed and mobile wireless spectrum. Straight Path Ventures is developing next generation wireless technology for 39 GHz. Straight Path IP Group owns intellectual property primarily related to communications over the Internet, and the licensing and other businesses related to this intellectual property. We were formerly a subsidiary of IDT Corporation ("IDT"). On July 31, 2013, we were spun-off from IDT to its stockholders and became an independent public company. Each of our businesses is described in more detail below.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
07/2017-3.67NAN/E
04/2017-3.25NAN/E
01/2017-2.92NAN/E
10/2016-0.99NAN/E
07/2016-0.70NAN/E
04/2016-0.65NAN/E
01/2016-0.50NAN/E
10/2015-0.28NAN/E

Key Financial Ratios and Statistics

FYE: 07/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-1.17Total Liab/Total Assets2.25
Net Inc/Total Assets-3.77Total Liab/Inv Cap-1.07
Net Inc/Inv Cap1.79Total Liab/Comm Equity0.70
Pretax Inc/Net Sales-69.37Interest Coverage Ratio-15.98
Net Inc/Net Sales-67.85Curr Debt/Equity-1.00
Cash Flow/Net Sales-31.94LTD/EquityNA
SG&A/NetSales54.36Total Debt/Equity-1.00
Asset Utilization   Liquidity  
Net Receivables Turnover14.46Quick Ratio0.39
Inventory Turnover0.14Current Ratio0.47
Inventory Day Sales0.00Net Rec/Curr Assets0.00
Net Sales/Work Cap-0.06Inv/Curr Assets0.15
Net Sales/PP&ENA  

Income Statement (Millions)

  7/31/2017 4/30/2017 1/31/2017 10/31/2016
Total Revenues(Net Sales) 0.17 0.17 0.17 0.16
Cost of Goods Sold 0.02 0.03 0.03 0.04
Selling & Admin Exps 1.75 4.00 25.80 4.24
Operating Income -8.94 -4.01 -25.79 -4.28
Interest Exp 0.49 2.20 NA NA
Pretax Income -9.43 -6.19 -25.78 -4.25
Other Income 0.01 0.01 0.01 0.03
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -9.10 -5.99 -25.43 -4.13

Balance Sheet (Millions)

Assets 7/31/2017 4/30/2017 1/31/2017 10/31/2016
Cash & Short Term Investments 8.54 14.56 7.84 9.56
Receivables - Total 0.05 0.07 0.04 0.05
Inventories - Total 1.59 1.67 0.64 NA
Total Current Assets 10.30 16.51 9.44 11.24
Net Property, Plant & Equipment NA NA NA NA
Total Assets 11.85 20.95 9.92 11.71
Liabilities        
Accounts Payable 6.71 6.15 1.61 1.81
Debt in Current Liabilities 14.77 17.26 15.00 NA
Total Current Liabilities 22.06 23.87 16.80 1.99
Long-Term Debt NA 7.20 7.20 NA
Total Liabilities 26.65 28.79 21.93 0.27
Stockholder's Equity        
Minority Interest -2.69 -2.36 -2.16 -1.80
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.13 0.13 0.13 0.13
Retained Earnings -52.87 -43.77 -37.78 -12.36
Treasury Stock -0.43 -0.43 -0.43 -0.43
Total Stockholders' Equity -14.80 -7.84 -12.01 11.44
Total Liabilities and Stockholders' Equity 11.85 20.95 9.92 11.71

Cash Flow Summary (Millions)

Categories 7/31/2017 4/30/2017 1/31/2017 10/31/2016
Net Cash Provided by Operating Activities -10.70 -6.79 -1.73 -1.80
Net Cash Provided by Investing Activities 2.88 -3.91 0.00 NA
Net Cash Provided by Financing Activities 1.79 17.42 0.01 NA

Annual Summary Data (Millions)

Year Sales Net Income EPS
07/20131.13-3.21-0.31
07/20144.802.040.18
07/201513.24-1.96-0.17
07/20162.16-8.30-0.70
07/20170.66-44.65-3.67
Growth Rates-12.65----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/171386,63455.52




Report Date : 10/16/2017

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