MERGE HEALTHCARE INC
Technology · Services-Computer Integrated Systems Design · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY14 | FY13 | FY12 | FY11 | FY10 | FY09 | |
|---|---|---|---|---|---|---|
| Revenue | $50.9M | $63.6M | $248.9M | $52.7M | $20.0M | $66.8M |
| Operating income | $23.6M | $9.8M | $6.6M | $29.2M | −$8.5M | $9.0M |
| Net income | $325,000 | −$6.5M | −$1.8M | −$1.6M | −$3.1M | $285,000 |
| Total assets | $374.3M | $382.1M | $436.9M | $450.4M | $396.6M | — |
| Total liabilities | $323.7M | $336.8M | $359.4M | $357.9M | $291.8M | — |
| Equity | $50.1M | $44.8M | $77.0M | $92.0M | $104.8M | $68.1M |
| EPS (diluted) | $0.00 | $-0.42 | $-0.31 | $-0.10 | $-0.38 | $0.00 |
| Shares out. | 97.1M | 93.5M | 1 | 90.9M | 83.3M | 62.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2014- Operating margin
- 46.4%
- Net margin
- 0.6%
- Return on equity
- 0.6%
- Return on assets
- 0.1%
- Return on capital (ROCE)
- 8.7%
- Liabilities / assets
- 86.5%
- Debt / equity
- 6.46×
- Book value / share
- $0.52
- Revenue growth (YoY)
- −20.0%
- 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 · FY2014- Altman Z″ (distress)
- -3.91distress
- Accruals / assets
- −11.3%clean
- Piotroski F-Score
- 7/9strong
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.
Signs
● 2 severe● 2 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Positive operating cash flow
- 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 ↗Mar 18, 2008
- NT 10-Qmissed a reporting deadline ↗Nov 13, 2007
- NT 10-Qmissed a reporting deadline ↗Aug 10, 2007
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2006
- NT 10-Qmissed a reporting deadline ↗May 11, 2006
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2006
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 |
|---|---|---|---|---|
| Guggenheim Capital Llc10% owner | Oct 13, 2015 | Conversion | 9.0M | — |
| Cole Michael PDirector | Oct 13, 2015 | D | 4,181 | $7.13 |
| Dearborn Justin COfficer — Chief Executive Officer | Oct 13, 2015 | D | 327,333 | $7.13 |
| Devers William J JrDirector | Oct 13, 2015 | D | 48,246 | $7.13 |
| Hammond Kurt R.Officer — President, Sales & Marketing | Oct 13, 2015 | D | 50,230 | $7.13 |
| Koenig Nancy JOfficer — Chief Operating Officer | Oct 13, 2015 | D | 186,162 | $7.13 |
| Maloney Matthew M.Director | Oct 13, 2015 | D | 43,860 | $7.13 |
| Oreskovich Steven MOfficer — CFO & Treasurer | Oct 13, 2015 | D | 175,643 | $7.13 |
| Reck Richard ADirector | Oct 13, 2015 | D | 48,863 | $7.13 |
| Stearns Neele EDirector | Oct 13, 2015 | D | 53,811 | $7.13 |
| Wells AntoniaOfficer — President, International & R&D | Oct 13, 2015 | D | 113,323 | $7.13 |
| Merrick Venture Management Holdings, LlcDirector | Oct 6, 2015 | Gift | 3.0M | $0.00 |
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- Shareholder voteOct 14, 2015
- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Unregistered equity sale · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsOct 14, 2015
- Entered a material agreement · Other material eventAug 12, 2015
- Results of operationsJul 23, 2015
- Amended charter or bylaws · Shareholder voteJun 19, 2015
- Entered a material agreementMay 29, 2015
- Other material eventMay 11, 2015
- Results of operations · Director / officer changeApr 28, 2015
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 ↗- SC 13D/AMERRICK VENTURE MANAGEMENT HOLDINGS, LLC SC 13D A NO 11 10-13-2015 (MERGE HEALTHOct 26, 2015
- 15-12BCERTIFICATION AND NOTICE OF TERMINATIONOct 23, 2015
- EFFECTOct 22, 2015
- EFFECTOct 22, 2015
- EFFECTOct 22, 2015
- EFFECTOct 22, 2015
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Event-driven situations (4)
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