Event-Driven Stocks

Covisint Corp

Technology · Services-Computer Processing & Data Preparation · MI · SEC filings ↗ · Compare ⊕

Signs● 2 good● 4 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY17FY16FY15FY14FY13FY12
Revenue$70.2M$76.0M$88.5M$97.1M$90.7M$74.7M
Operating income−$12.7M−$14.7M−$38.5M−$35.6M−$5.5M$133,000
Net income−$12.7M−$14.9M−$38.6M−$35.7M−$5.6M−$3.3M
Total assets$85.1M$102.0M$121.8M$141.4M$98.1M—
Total liabilities$24.6M$30.7M$40.5M$39.8M$55.2M—
Equity$60.5M$71.3M$81.3M$101.6M$42.9M$33.1M
EPS (diluted)$-0.31$-0.38$-1.01$-1.06$-0.19$-0.11
Shares out.40.9M40.5M39.0M37.5M30.0M30.0M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2017
Operating margin
−18.1%
Net margin
−18.1%
Return on equity
−21.0%
Return on assets
−15.0%
Return on capital (ROCE)
−19.5%
Liabilities / assets
28.9%
Debt / equity
0.41×
Book value / share
$1.48
Revenue growth (YoY)
−7.6%
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 · FY2017
Altman Z″ (distress)
-0.51distress
Accruals / assets
−11.5%clean
Beneish M-Score
-3.31normal
Piotroski F-Score
4/9mixed

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 Score
35
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 67Financial strength 75

Our 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● 4 warning● 2 good
  • Altman Z″ in the distress zone
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Insider transactions

SEC Form 4 · most recent
1 acquisitions6 disposalsnet −587,332 shares · last 7
InsiderDateTypeSharesPrice
Digirolamo EnricoOfficer — CHIEF FINANCIAL OFFICERJul 26, 2017D26,000$2.45
Inman, Iii Samuel M.Officer — PRESIDENT &amp; CEOJul 26, 2017D163,002$2.45
Hansen Lawrence DavidDirectorJul 26, 2017D56,065$2.45
Goldsmith Bernard MDirectorJul 26, 2017D95,060$2.45
Asam Steven ROfficer — SVP, DELIVERY OPERATIONSJul 26, 2017D84,348$2.45
Grabe William ODirectorJul 26, 2017D223,588$2.45
Inman, Iii Samuel M.Officer — President and CEOJul 1, 2017Option exercise60,731$2.45

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

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 (1)

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