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Steel Connect Inc - STCN STOCK NEWS

Welcome to our dedicated news page for Steel Connect (Ticker: STCN), a resource for investors and traders seeking the latest updates and insights on Steel Connect.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Steel Connect's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Steel Connect's position in the market.

Rhea-AI Summary
Steel Connect, Inc. (STCN) reported Q2 2024 results with a net revenue of $43.0 million, a decrease from $50.8 million in the same period last year. Net income was $5.3 million, compared to a net loss of $0.5 million in the prior year. Adjusted EBITDA was $3.7 million, down from $4.6 million. Total debt was $12.9 million, with net cash totaling $263.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.72%
Tags
earnings
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Rhea-AI Summary
ModusLink Corporation has been honored with Intel's EPIC Distinguished Supplier Award, showcasing exceptional performance in the semiconductor industry. Only 22 suppliers globally received this prestigious recognition in 2023, highlighting ModusLink's commitment to excellence and customer orientation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.78%
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none
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Rhea-AI Summary
Steel Connect, Inc. (STCN) Extends Tax Benefits Preservation Plan to 2027
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End-of-Day
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Rhea-AI Summary
Steel Connect, Inc. (STCN) reported a net revenue of $41.3 million for Q1 2024, down from $51.4 million in the same period in the prior fiscal year. Net income was $4.4 million, compared to $5.0 million in the same period of the prior fiscal year. The net income attributable to common stockholders was $3.9 million, down from $4.4 million in the same period of the prior fiscal year. Adjusted EBITDA was $3.3 million, compared to $7.3 million in the same period of the prior fiscal year. The company's total debt was $12.3 million, with a net debt of $(264.4) million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.08%
Tags
earnings
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Rhea-AI Summary
Steel Connect, Inc. (NASDAQ: STCN) announced Q4 2023 net revenue of $40.8M, down 23.1% YoY, with net income of $8.1M. For FY 2023, net revenue was $189.1M, down 7.0% YoY, with net income of $15.6M. The company underwent a reverse/forward stock split and disposed of all interest in Aerojet common stock, receiving $207.8M in proceeds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
earnings
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
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earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
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none
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.91%
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none
Rhea-AI Summary
Steel Partners Holdings and Steel Connect announce transfer of marketable securities in exchange for Preferred Stock. Preferred Stock will be convertible into 184,891,318 shares of Steel Connect common stock. Transaction aims to provide Steel Connect with $200 million in new capital for working capital and acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
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none
Steel Connect Inc

Nasdaq:STCN

STCN Rankings

STCN Stock Data

59.65M
2.37M
29.73%
47.7%
0.2%
Data Processing, Hosting, and Related Services
Information
Link
US
Waltham

About STCN

moduslink global solutions, inc. (nasdaq: mlnk) executes comprehensive supply chain and logistics services that improve clients’ revenue, cost, sustainability and customer experience objectives. moduslink is a trusted and integrated provider to the world’s leading companies in consumer electronics, communications, computing, medical devices, software and retail. the company’s operating infrastructure annually supports more than $80 billion of its clients’ revenue and manages approximately 451 million product shipments through more than 25 sites across north america, europe, and the asia/pacific region. for details on moduslink's flexible and scalable solutions visit www.moduslink.com and www.valueunchained.com, the blog for supply chain professionals.