Company research
Steel Connect LLC
CIK 914712Updated Sep 27, 2026
Name history
Steel Connect, Inc. · through Jan 17, 2025ModusLink Global Solutions Inc · through Feb 26, 2018CMGI INC · through Aug 28, 2008CMG INFORMATION SERVICES INC · through Jan 7, 1999
Filing activity
Latest filing
50 filings on record · N-PX, 13F-NT, 15-12G, 4, SCHEDULE 13D, S-8 POS.
Recent filings
Show 5 more recent filings
Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 485,628,000Source | 411,181,000Source | 137,749,000Source | 676,381,000Source |
| Property, Plant and Equipment, NetUSD | 5,536,000Source | 3,698,000Source | 3,534,000Source | 58,862,000Source |
| GoodwillUSD | 19,703,000Source | 22,785,000Source | 19,655,000Source | 231,470,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 31,036,000Source | 34,589,000Source | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 248,614,000Source | 121,372,000Source | 53,142,000Source | 96,931,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 33,443,000Source | 28,616,000Source | 40,083,000Source | 69,805,000Source |
| Inventory, NetUSD | 6,733,000Source | 8,569,000Source | 8,151,000Source | 16,228,000Source |
| Assets, CurrentUSD | 295,828,000Source | 319,274,000Source | 109,830,000Source | 213,398,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 4,462,000Source | 158,686,000Source | 3,551,000Source | 22,222,000Source |
| Operating Lease, Right-of-Use AssetUSD | 20,748,000Source | 27,098,000Source | 0Source | 50,836,000Source |
| Other Assets, NoncurrentUSD | 3,086,000Source | — | — | 6,810,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 93,708,000Source | 104,818,000Source | 111,775,000Source | 634,989,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 65,000Source | 65,000Source | 605,000Source | 632,000Source |
| Additional Paid in CapitalUSD | 62,166,000Source | 61,534,000Source | 7,479,366,000Source | 7,478,638,000Source |
| Retained Earnings (Accumulated Deficit)USD | 93,457,000Source | 7,612,000Source | -7,493,317,000Source | -7,480,220,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,507,000Source | -587,000Source | 4,140,000Source | 7,162,000Source |
| Stockholders' Equity Attributable to ParentUSD | 154,181,000Source | 68,624,000Source | -9,206,000Source | 6,212,000Source |
| Liabilities and EquityUSD | 485,628,000Source | 411,181,000Source | 137,749,000Source | 676,381,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 75,055,000Source | 67,754,000Source | 83,800,000Source | 217,993,000Source |
| Operating Lease, Liability, CurrentUSD | 8,319,000Source | 7,973,000Source | 6,428,000Source | 13,617,000Source |
| Accounts Payable, CurrentUSD | 25,219,000Source | 26,514,000Source | 30,553,000Source | 55,517,000Source |
| Operating Lease, Liability, NoncurrentUSD | 12,740,000Source | 19,161,000Source | 12,945,000Source | 38,889,000Source |
| Other Liabilities, NoncurrentUSD | 5,913,000Source | 5,442,000Source | 3,983,000Source | 10,537,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 21,659,000Source | 26,774,000Source | 28,396,000Source | 106,871,000Source |
| Deferred Tax Liabilities, NetUSD | — | 489,000Source | — | 931,000Source |
| Long-term DebtUSD | 12,903,000Source | 12,461,000Source | 10,968,000Source | — |
| Long-term Debt, Current MaturitiesUSD | — | — | — | 5,602,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | 367,532,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 632,000Source | 701,000Source | 591,000Source | 720,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 5,089,000Source | 5,256,000Source | -23,505,000Source | -20,305,000Source |
| Increase (Decrease) in InventoriesUSD | -1,608,000Source | -323,000Source | 722,000Source | -8,510,000Source |
| Deferred Income Tax Expense (Benefit)USD | -68,470,000Source | 9,041,000Source | 177,000Source | 2,204,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 21,848,000Source | -3,134,000Source | 23,067,000Source | 71,624,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 108,582,000Source | -1,485,000Source | -3,326,000Source | -11,886,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 3,965,000Source | 1,485,000Source | 3,615,000Source | 12,070,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,135,000Source | -2,297,000Source | -9,837,000Source | -12,284,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 127,787,000Source | -8,284,000Source | 10,501,000Source | 48,578,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 251,190,000Source | 58,045,000Source | 105,143,000Source | 94,642,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,009,000Source | 1,237,000Source | 29,347,000Source | 32,799,000Source |
| Income Taxes Paid, NetUSD | 2,204,000Source | 2,364,000Source | 3,151,000Source | 4,991,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -508,000Source | -1,368,000Source | 597,000Source | 1,124,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | 3,554,000Source | — | — | — |
| Share-based Payment Arrangement, ExpenseUSD | — | — | 591,000Source | 720,000Source |
| Amortization of Debt Issuance CostsUSD | 0Source | 102,000Source | 571,000Source | 435,000Source |
| Amortization of Intangible AssetsUSD | 3,554,000Source | — | 20,258,000Source | 27,255,000Source |
| DepreciationUSD | 1,826,000Source | 2,220,000Source | 23,289,000Source | 23,075,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 989,000Source | — | — | — |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 453,000Source | — | — | — |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 536,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | 900,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -154,000Source | 2,389,000Source | -1,907,000Source | 890,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | 0Source |
| GoodwillUSD | 19,703,000Source | 19,655,000Source | 231,470,000Source | 257,128,000Source |
| Goodwill, Impairment LossUSD | — | — | 25,658,000Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | -11,385,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 87,980,000Source | -9,256,000Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | -1,712,000Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | -67,023,000Source | 11,388,000Source | 1,611,000Source | 5,917,000Source |
| InterestExpenseNonoperatingUSD | 996,000Source | — | — | — |
| Investment Income, InterestUSD | 13,716,000Source | 58,000Source | 14,000Source | 61,000Source |
| Net Income (Loss) Attributable to ParentUSD | 87,980,000Source | -10,968,000Source | -44,391,000Source | -5,284,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 85,845,000Source | -13,097,000Source | -46,520,000Source | -7,413,000Source |
| Nonoperating Income (Expense)USD | 13,496,000Source | 969,000Source | -29,949,000Source | -31,810,000Source |
| Operating ExpensesUSD | 41,032,000Source | 40,373,000Source | 142,444,000Source | 130,516,000Source |
| Payments of Financing CostsUSD | 0Source | 95,000Source | 0Source | 914,000Source |
| Payments to Acquire InvestmentsUSD | 45,377,000Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 4,000Source | 19,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 174,109,000Source | 203,272,000Source | 613,766,000Source | 782,813,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 37,478,000Source | 40,373,000Source | 96,528,000Source | 103,261,000Source |
| Operating Income (Loss)USD | 7,461,000Source | 1,163,000Source | -12,831,000Source | 32,443,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 20,957,000Source | 2,132,000Source | -42,780,000Source | — |
| Income Tax Expense (Benefit)USD | -67,023,000Source | 11,388,000Source | 1,611,000Source | 5,917,000Source |
| Net Income (Loss) Attributable to ParentUSD | 87,980,000Source | -10,968,000Source | -44,391,000Source | -5,284,000Source |
| Earnings Per Share, BasicUSD per share | 3.3Source | -0.22Source | -0.75Source | -0.12Source |
| Earnings Per Share, DilutedUSD per share | 3.11Source | -0.22Source | -0.75Source | -0.12Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 6,218,000Source | 59,964,000Source | 62,142,000Source | 61,644,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 28,589,000Source | 59,964,000Source | 62,142,000Source | 61,644,000Source |
| Interest Expense (non-operating)USD | 996,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,554,000Source | — | 20,258,000Source | 27,255,000Source |
| Current Income Tax Expense (Benefit)USD | 1,447,000Source | 2,347,000Source | 1,434,000Source | 3,713,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 453,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | 900,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -154,000Source | 2,389,000Source | -1,907,000Source | 890,000Source |
| Goodwill, Impairment LossUSD | — | — | 25,658,000Source | 0Source |
| Gross ProfitUSD | 48,493,000Source | 41,536,000Source | 129,613,000Source | 162,959,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | -11,385,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 14,460,000Source | -5,189,000Source | -49,372,000Source | -9,168,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 87,980,000Source | -9,256,000Source | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 3.3Source | -0.19Source | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 3.11Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | -1,712,000Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source |
| Interest ExpenseUSD | — | 3,120,000Source | 31,139,000Source | 33,969,000Source |
| Interest Expense, DebtUSD | 996,000Source | — | — | — |
| Investment Income, InterestUSD | 13,716,000Source | 58,000Source | 14,000Source | 61,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 85,845,000Source | -13,097,000Source | -46,520,000Source | -7,413,000Source |
| Nonoperating Income (Expense)USD | 13,496,000Source | 969,000Source | -29,949,000Source | -31,810,000Source |
| Operating ExpensesUSD | 41,032,000Source | 40,373,000Source | 142,444,000Source | 130,516,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 65,336,000Source | — | — | — |
Filing attachments
ea022628901ex99-1_steel.htm · 8-K · 2025-01-02
EX-99.1 2 ea022628901ex99-1_steel.htm CONTINGENT VALUE RIGHTS AGREEMENT, BY AND AMONG STEEL PARTNERS HOLDINGS L.P. AND EQUINITI TRUST COMPANY, LLC, DATED AS OF JANUARY 2, 2025 Exhibit 99.1 CONTINGENT VALUE RIGHTS AGREEMENT BY AND AMONG STEEL PARTNERS HOLDINGS L.P. AND EQUINITI TRUST COMPANY, LLC, AS RIGHTS AGENT DATED AS OF JANUARY 2, 2025 TABLE OF CONTENTS …
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