| Over a month ago | ||||
Reports Q1 revenue… Reports Q1 revenue $22.35M, consensus $23.87M. Jeff Eberwein, Executive Chairman of Star, noted, "In Q1, our Healthcare division continued to be impacted by the COVID-19 pandemic with revenue declining slightly versus the prior year quarter. Activity levels continue to rebound toward pre-COVID levels. Our Construction division grew revenue by 65% with much of the growth attributable to significantly increased output at our KBS business. Gross margin percentage at our Construction division declined as a consequence of rising raw materials prices, but is expected to return to more normal levels in the coming quarters." | ||||
Star Equity Holdings… Star Equity Holdings announced the completion of the sale of DMS Health Technologies, the Company's Mobile Healthcare business, for $18.75M in cash, as originally announced on November 3, 2020. | ||||
| Over a quarter ago | ||||
Digirad Corporation… Digirad Corporation announced that it has changed its corporate name to Star Equity Holdings, with an effective date of January 1, 2021. In connection with the corporate name change, the company's common stock will begin trading under the new ticker symbol "STRR" at the opening of trading on January 4, 2021. The corporate name change does not affect the rights of the company's stockholders. Names of the company's customer-facing businesses will not change. The company's healthcare division, for example, will continue to operate under the brand names "Digirad" and "Digirad Health", thus there will be no noticeable change for clients or employees of Digirad. | ||||