Last $1.18 USD
Change Today +0.02 / 1.72%
Volume 48.3K
COVR On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

cover-all technologies inc (COVR) Snapshot

Open
$1.13
Previous Close
$1.16
Day High
$1.18
Day Low
$1.09
52 Week High
03/12/14 - $1.80
52 Week Low
10/29/13 - $1.01
Market Cap
31.4M
Average Volume 10 Days
39.9K
EPS TTM
$-0.05
Shares Outstanding
26.6M
EX-Date
03/25/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for COVER-ALL TECHNOLOGIES INC (COVR)

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cover-all technologies inc (COVR) Details

Cover-All Technologies Inc., through its subsidiary, Cover-All Systems, Inc., licenses and maintains software products for the property/casualty insurance industry in the United States and Puerto Rico. The company’s software products and services focus on the functions required to underwrite, rate, quote, issue, print, bill, and support the lifecycle of insurance policies. Its products comprise Cover-All Policy platform, a customizable Web-based, data-centric ‘hub and spoke’ software platform built around a shared information hub; and Dev Studio, Test Studio, and Conversion Studio products for managing development, testing, and configuration aspects of insurance products for Cover-All Policy. The company also provides pre-built commercial insurance products, such as commercial automobile, and commercial package and business owners policy, as well as workers compensation. In addition, it offers business intelligence suite of products to enable its customers to leverage their information assets for real time business insights, risk selection, pricing, and financial reporting. Further, the company provides professional services, including Cover-All software implementations, ongoing product customizations, conversion from existing systems, data integration with other software or reporting agencies, and technical services related to Cover-All software; and ongoing support services comprising incorporating recent insurance rates, rules, and forms changes. Cover-All Technologies Inc. markets its products to insurance companies, agents, brokers, and managing general agents, as well as through consultants and other complimentary service providers. The company was formerly known as Warner Insurance Services, Inc. and changed its name to Cover-All Technologies Inc. in June 1996. Cover-All Technologies Inc. was founded in 1971 and is headquartered in Morristown, New Jersey.

60 Employees
Last Reported Date: 03/28/14
Founded in 1971

cover-all technologies inc (COVR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $424.0K
Senior Vice President of Product Support
Total Annual Compensation: $266.2K
Senior Vice President of Product Management &...
Total Annual Compensation: $253.7K
Compensation as of Fiscal Year 2013.

cover-all technologies inc (COVR) Key Developments

Cover-All Technologies Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Cover-All Technologies Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported revenue of $5,001,234, operating income of $426,980, income before income taxes of $331,709, net income of $327,789 or $0.01 per diluted share against revenue of $4,003,508, operating loss of $1,058,403, loss before income taxes of $1,145,494, net loss of $1,148,999 or $0.04 per diluted share a year ago. EBITDA was $872,000, or $0.03 per basic and diluted share, for the three months ended June 30, 2014 compared to $217,000, or $0.01 per basic and diluted share, for the three months ended June 30, 2013. For the six months, the company reported revenue of $10,208,784, operating income of $958,189, income before income taxes of $769,246, net income of $761,638 or $0.03 per diluted share against revenue of $10,889,341, operating loss of $255,900, loss before income taxes of $435,502, net loss of $443,673 or $0.02 per diluted share a year ago. EBITDA was $1.9 million, or $0.07 per basic and diluted share, compared to $2.2 million, or $0.09 per basic and diluted share, in the same period of 2013.

Cover-All Technologies Plans Acquisitions

Cover-All Technologies Inc. (AMEX:COVR) plans to make acquisitions. Manish Shah, Chief Executive Officer and President of Cover-All said: "Finally, our balance sheet and capital position have improved meaningfully since the end of 2013, providing the Company with more flexibility to invest in growth-producing strategies. As we stated in our July 15, press release, we are examining a number of merger and acquisition opportunities to grow our business, including a transformative opportunity. These initiatives will take time to develop as we strive to achieve a positive return on investment. We are committed to enhancing shareholder value and appreciate your patience as our business develops."

Cover-All Technologies Inc. to Report Q2, 2014 Results on Aug 12, 2014

Cover-All Technologies Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 12, 2014

 

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Price/Sales 1.6x
Price/Book 2.7x
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TEV/Sales 1.3x
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