NATIONAL HOLDINGS CORP
Financials · Security & Commodity Brokers, Dealers, Exchanges & Services · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|---|
| Revenue | $224.0M | $207.9M | $60.3M | $189.9M | $174.1M | $163.0M |
| Operating income | −$8.5M | $2.1M | $4.7M | $8.0M | −$2.5M | — |
| Net income | −$5.9M | −$819,000 | −$2.3M | $12.5M | −$5.6M | $285,000 |
| Total assets | $107.2M | $81.2M | $68.4M | $64.4M | $60.5M | $63.4M |
| Total liabilities | $60.6M | $29.6M | $21.5M | $25.5M | $34.8M | $18.1M |
| Equity | $46.6M | $49.8M | $46.9M | $38.9M | $25.8M | $45.2M |
| EPS (diluted) | $-0.44 | $-0.06 | $-0.18 | $1.00 | $-0.45 | $0.02 |
| Shares out. | 13.6M | 13.2M | 12.5M | 12.4M | 12.4M | 12.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2020- Operating margin
- −3.8%
- Net margin
- −2.7%
- Return on equity
- −12.7%
- Return on assets
- −5.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 56.5%
- Debt / equity
- 1.30×
- Book value / share
- $3.42
- Revenue growth (YoY)
- 7.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2020- Accruals / assets
- −4.2%clean
- Piotroski F-Score
- 1/8weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 3 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Dec 30, 2011
- NT 10-Qmissed a reporting deadline ↗Feb 18, 2004
- NT 10-Qmissed a reporting deadline ↗May 16, 2003
- NT 10-Kmissed a reporting deadline ↗Dec 28, 2001
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2001
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Creagh BarbaraDirector | Feb 25, 2021 | U | 16,667 | $3.25 |
| Desena John C.Officer — Chief Operating Officer | Feb 25, 2021 | U | 75,626 | $3.25 |
| Gary JeffDirector | Feb 25, 2021 | U | 16,667 | $3.25 |
| Hume DanielDirector | Feb 25, 2021 | U | 62,151 | $3.25 |
| Singer Michael EvanDirector | Feb 25, 2021 | U | 33,397 | $3.25 |
| Mullen Michael AOfficer — CEO and Chairman of the Board | Feb 25, 2021 | U | 236,045 | $3.25 |
| Worman Glenn C.Officer — President and CFO | Feb 25, 2021 | U | 118,502 | $3.25 |
| Fagenson Robert BDirector | Feb 25, 2021 | U | 407,010 | $3.25 |
| Desena John C.Officer — Chief Operating Officer | Dec 31, 2020 | Tax withholding | 6,777 | $1.79 |
| Worman Glenn C.Officer — President and CFO | Dec 31, 2020 | Tax withholding | 11,294 | $1.79 |
| Mullen Michael AOfficer — CEO and Chairman of the Board | Dec 31, 2020 | Tax withholding | 16,264 | $1.79 |
| Mullen Michael AOfficer — CEO and Chairman of the Board | Jan 3, 2021 | Option exercise | 78,125 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer changeFeb 25, 2021
- Entered a material agreement · Terminated a material agreement · Director / officer change · Amended charter or bylaws · Other material eventJan 11, 2021
- Results of operationsDec 30, 2020
- Other material eventSep 17, 2020
- Delisting / listing-standard notice · Director / officer changeSep 11, 2020
- Results of operationsAug 13, 2020
- Results of operationsMay 15, 2020
- Other material eventMay 6, 2020
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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