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Star Equity Holdings will release its financial results for Q4 and YE December 31, 2020, on March 9, 2021. The conference call to discuss these results will be held at 10:00 a.m. ET. Investors can access the call by dialing 1-877-407-9039, and a webcast will also be available on the company's website.
The company operates in three main divisions: Healthcare, Building & Construction, and Real Estate & Investments, showcasing a diverse portfolio.
Digirad Corporation, now renamed Star Equity Holdings effective January 1, 2021, continues operations under existing brand names in Healthcare, Building & Construction, and Real Estate sectors. The company will trade under new ticker symbols STRR and STRRP. CEO Matt Molchan will lead Digirad Health, while the company plans to enhance its growth strategy post-sale of its Mobile Healthcare Business for $18.75 million. The headquarters will relocate to Old Greenwich, CT, but no staff relocations will occur.
Digirad Corporation (Nasdaq: DRAD; DRADP) announced its participation in two upcoming virtual investor conferences: the Craig-Hallum Alpha Select Virtual Conference on November 17 and The Benchmark Company Discovery One on One Virtual Investor Conference on November 18. During these events, Digirad’s management will engage with investors through virtual meetings. Investors can access a PDF of the presentation on Digirad’s Investor Relations website.
Digirad operates through three divisions: Healthcare, Building & Construction, and Real Estate & Investments, focusing on diagnostic medical imaging and modular housing solutions.
Digirad Corporation (Nasdaq: DRAD; DRADP) reported Q3 2020 revenue of $30.4 million, up 7.1% from Q3 2019. However, gross profit fell to $4.8 million, a decline of 6.9%, and the net loss was $1.8 million ($0.37 per share), worsening from a loss of $1.5 million in Q3 2019. Total revenue for the first nine months of 2020 reached $81.6 million, a 4.5% rise year-over-year, but the company recorded a net loss of $6.0 million. The Building & Construction division saw a 70% revenue surge from Q2 2020, driven by increased production and demand. The sale of DMS Health is anticipated to improve the balance sheet significantly.
Digirad Corporation (Nasdaq: DRAD; DRADP) announced it will release its third-quarter financial results before market opening on November 13, 2020. The earnings call is set for 11:00 a.m. ET the same day, accessible via phone or live webcast. Digirad operates in three divisions: Healthcare, Building & Construction, and Real Estate & Investments, creating varied revenue streams. The release indicates the company's commitment to transparency and investor communication, crucial for maintaining shareholder confidence during uncertain times.
Digirad Corporation (Nasdaq: DRAD; DRADP) announced the sale of its DMS Health Technologies business unit for $18.75 million, expected to close in January 2021. This unit, part of the Healthcare division, generated $41.3 million in revenue in 2019, accounting for 40.1% of total healthcare revenue. The divestiture aims to streamline operations and improve the balance sheet, enabling focused investment in high-return growth opportunities. CEO Matt Molchan emphasized the strategy to enhance core imaging services, while Chairman Jeff Eberwein mentioned pursuing further acquisitions.
Digirad Corporation (Nasdaq: DRAD; DRADP) announced the signing of Phase 3 of a project with KBS Builders, Inc. and Tocci Building Corporation, valued at $1.5 million. This phase increases the total project value to $6.7 million for manufacturing 124 building modules for the U.S. Army. Phase 1 is complete, and Phase 2 is underway, with onsite installations starting. KBS increased its workforce by over 20% to meet demand for new commercial projects, positioning the company for significant growth.
Digirad Corporation (Nasdaq: DRAD; DRADP) announced its participation in the Best Ideas Virtual Conference scheduled for October 13, 2020. The company will present at 12:30 PM ET, with investors able to access the live presentation online. Key business areas of Digirad include Healthcare, Building & Construction, and Real Estate & Investments. The Healthcare division focuses on diagnostic medical imaging products, while the Building & Construction division manufactures modular housing units. Presentation details can be found on Digirad's Investor Relations website.
Digirad Corporation has announced that its subsidiary KBS Builders, Inc. has re-opened its Oxford, Maine plant for manufacturing wall panels, marking a new business line. This facility, which was purchased in April 2019, will produce structural wall panels for the New England market, with production having started in September 2020. KBS plans to enhance modular production capabilities in 2021, targeting an output of 750-1000 modules annually. Additionally, the company has launched updated websites to improve customer engagement.
Digirad Corporation (NASDAQ:DRAD; DRADP) will present at the LD 500 Virtual Conference on September 1, 2020, at 10:00 am ET. Investors can access the live presentation online via this link. The conference will run from September 1-4, providing a platform for microcap companies. Chris Lahiji from LD Micro emphasized the conference's accessibility amid COVID-19 challenges. Digirad operates in Healthcare, Building & Construction, and Real Estate & Investments sectors.
