Welcome to our dedicated page for Star Equity Holdings news (Ticker: STRRP), a resource for investors and traders seeking the latest updates and insights on Star Equity Holdings stock.
Star Equity Holdings Inc (STRRP) operates as a diversified holding company with strategic focuses in modular construction manufacturing and real estate investments. This news hub provides investors and industry observers with centralized access to official corporate communications and market-relevant updates.
Our curated collection features press releases detailing operational developments across both core segments: the Construction Division specializing in modular building solutions, and the Investments Division managing real estate assets and strategic holdings. Users will find updates including earnings reports, partnership announcements, and manufacturing innovations.
This resource serves as your primary channel for tracking STRRP's progress in commercial modular construction technologies and investment portfolio management. Content is organized chronologically with clear sourcing to ensure transparency and compliance with financial disclosure standards.
For stakeholders monitoring the company's expansion into energy services and transportation logistics, this page offers timely updates on strategic initiatives. Bookmark this page or check regularly for verified information directly related to STRRP's operational and financial trajectory.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) will be represented by CEO Rick Coleman at the Industrial Tech Virtual Conference on March 21, 2023. The company will participate in a panel focused on Modular Construction Technology & Trends at 1:00 pm ET. Interested attendees can register via M-Vest, the hosting platform. Star Equity is a diversified holding company with divisions in Healthcare, Construction, and Investments, specializing in medical imaging, modular housing units, and real estate asset management.
Star Equity Holdings (STRR, STRRP) reported robust financial results for Q4 2022 and FY 2022, showcasing operational recovery and growth across divisions. Q4 2022 revenues rose 8.8% to $32.1 million, with gross profit soaring 34.8% to $9.3 million. Net income flipped to $1.9 million, compared to a loss of $4.4 million in Q4 2021. Non-GAAP adjusted EBITDA also surged to $3.1 million. Full-year revenues increased by 5.2% to $112.2 million, while gross profit jumped 69.8% to $25.9 million. Notably, the Construction division drove significant growth. However, the Healthcare segment faced a 6.7% revenue decline amidst labor challenges. The company remains optimistic about future acquisitions.
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) is set to release its financial results for the fourth quarter and full year ending December 31, 2022, before markets open on March 15, 2023. A conference call is scheduled for 10:00 a.m. ET that day to discuss the results and company outlook. Participants can join the call by dialing (800) 715-9871 (or (646) 307-1963 for international callers) with Conference ID: 2378853. A webcast of the call will also be available on the company's Investor Relations page. Star Equity operates in Healthcare, Construction, and Investments.
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