Last $8.18 USD
Change Today 0.00 / 0.00%
Volume 1.2K
VISI On Other Exchanges
Symbol
Exchange
OTC US
As of 1:56 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

volt info sciences inc (VISI) Snapshot

Open
$8.16
Previous Close
$8.18
Day High
$8.18
Day Low
$8.16
52 Week High
12/12/13 - $10.15
52 Week Low
07/12/13 - $6.62
Market Cap
170.7M
Average Volume 10 Days
29.2K
EPS TTM
$-0.79
Shares Outstanding
20.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VOLT INFO SCIENCES INC (VISI)

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volt info sciences inc (VISI) Details

Volt Information Sciences, Inc. provides staffing and telecommunication services, call center computer systems, and other information solutions primarily in the United States and Europe. It operates in three segments: Staffing Services, Computer Systems, and Other. The Staffing Services segment provides contingent staffing, master staffing vendor contracting and management, direct placement, and other employment services and workforce solutions; and technology consulting and outsourcing services and solutions, such as software application lifecycle development and hardware testing, technical documentation and communications, electronic game testing, IT infrastructure outsourcing, customer call center solutions, data center management, enterprise technology implementation and integration, and corporate help desk services. The Computer Systems segment provides operator services, information services, computer hardware and software, hosted OnDemand contact center service solutions, and database services to telephone companies and inter-exchange carriers. The Other segment provides IT infrastructure services, including hardware maintenance and computer/network operations support in large data centers, as well as management of large-scale corporate technology refresh programs; and designs, engineers, constructs, installs, and maintains voice, data, video, and utility infrastructure for telecommunication and cable industries and their utilities, and corporations and governmental entities. This segment also publishes telephone directories; and prints white pages, the Uruguay telephone directories, directories for other publishers, books, magazines, periodicals, and advertising material. The company serves multinational, national, and local clients in technology, telecommunication, and financial industries. Volt Information Sciences, Inc. was founded in 1950 and is headquartered in New York, New York.

34,700 Employees
Last Reported Date: 01/31/14
Founded in 1950

volt info sciences inc (VISI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Founder, Executive Vice President, Secretary ...
Total Annual Compensation: $526.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $1.1M
President of Volt Delta - Computer Systems
Total Annual Compensation: $300.0K
Senior Vice President and Managing Director o...
Total Annual Compensation: $306.9K
Compensation as of Fiscal Year 2013.

volt info sciences inc (VISI) Key Developments

Volt Information Sciences Inc. - Shareholder/Analyst Call

To discuss the company's strategic priorities and business outlook

Volt Information Sciences Reports Unaudited Consolidated Earnings Results for the First Quarter Ended February 2, 2014

Volt Information Sciences reported unaudited consolidated earnings results for the first quarter ended February 2, 2014. The company reported a net loss in the first quarter of 2014 of $17.1 million or $0.82 per share, unchanged from the first quarter of 2013. On a pro forma basis the company reported a net loss in the first quarter of 2014 of $16.0 million compared to a pro forma net loss in the first quarter of 2013 of $19.6 million. Net revenue in the first quarter of fiscal 2014 decreased $83.1 million to $437.1 million from $520.2 million in fiscal 2013, and pro forma net revenue decreased $79.4 million or 15.3% to $438.3 million from $517.7 million in fiscal 2013. The change in revenue was the result of decreased Staffing Services revenues of $82.1 million (pro forma of $78.4 million) resulting primarily from fewer contingent workers on assignment at a few large customers whose current demand levels are lower than in the prior year, lower revenues resulting from company’s exit of certain customers as part of continued focus on exiting or reducing business levels with customers where profitability or business terms are unfavorable, slightly lower managed services revenue, and $3.7 million higher net staffing Unrecognized Revenue. Operating loss in the first quarter of fiscal 2014 of $15.0 million included restatement, investigations and remediation costs of $4.7 million and restructuring costs of $1.4 million as company reduced headcount in response to lower revenue levels and the sale of its vendor management system software related assets. Without these items company would have had an operating loss of $8.9 million and a pro forma loss of $7.8 million. Operating loss in the first quarter of fiscal 2013 was $16.8 million. Net cash provided by operating activities was $22.7 million against $11.8 million of prior year period. Non-GAAP pro forma operating loss was $13.9 million against $19.3 million of prior year period.

Volt Information Sciences Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Fiscal Year Ended November 3, 2013

Volt Information Sciences Inc. reported unaudited earnings results for the fourth quarter and fiscal year ended November 3, 2013. The company reported net income in the fourth quarter of 2013 of $1.6 million, or $0.08 per share, compared to a net loss of $2.0 million, or $0.10 per share, in the fourth quarter of 2012, and a pro-forma net loss in the fourth quarter of 2013 of $0.3 million compared to a pro-forma net loss in the fourth quarter of 2012 of $4.4 million. Operating income of $2.8 million in the fourth quarter of 2013 included restructuring costs of $2.8 million, restatement and associated investigation expenses of $2.5 million and recognition of previously deferred software systems revenues and costs, net of current period deferrals, of $4.6 million. Without these items the company would have had operating income of $3.5 million and a pro-forma operating income of $1.6 million. Net revenue in the fourth quarter of 2013 decreased $24.8 million to $546.8 million from $571.6 million in 2012, and pro-forma net revenue decreased by $24.3 million, or 4.3%, to $544.9 million from $569.2 million in the fourth quarter of 2012. The change in revenue was primarily the result of decreased Staffing Services revenues by $26.2 million (pro-forma of $25.7 million) resulting from the company's increased focus on exiting or reducing business levels with customers where profitability or business terms are unfavorable, lower staffing levels at a few large customers related to their particular business demand level, slightly lower managed services revenue, and from lower computer systems revenues from several large implementations reaching the end of the maintenance periods over which the projects were being amortized and lower transaction volumes, pricing and maintenance levels. Net cash used in operating activities was $7,400,000 against $9,816,000 a year ago. For the full fiscal year the company reported a net loss in 2013 of $30.9 million, or $1.48 per share compared to a net loss of $13.6 million, or $0.65 per share, in fiscal 2012. Operating loss of $28.6 million included restatement and associated investigation expenses of $24.8 million, restructuring costs of $4.7 million and recognition of previously deferred software systems revenues and costs of $7.9 million. Net revenue in fiscal 2013 decreased $155.2 million to $2,090.9 million from $2,246.1 million in fiscal 2012, and pro-forma net revenue decreased by $143.2 million, or 6.4%, to $2,084.6 million from $2,227.8 million in fiscal 2012. The change in revenue, including the impact of fiscal 2013 consisting of 53 weeks while fiscal 2012 consisted of 52 weeks, was primarily the result of decreased Staffing Services revenues by $127.9 million (pro-forma of $115.8 million) resulting from the company's increased focus on exiting or reducing business levels with customers where profitability or business terms are unfavorable, lower staffing levels at a few large customers related to their particular business demand level, slightly lower managed services revenue, and $12.1 million lower recognition of previously unrecognized staffing revenues, and from lower Computer Systems revenues of $26.2 million from lower transaction volumes, pricing and maintenance levels as well as several large implementations reaching the end of the maintenance periods over which the projects were being amortized. Net cash used in operating activities was $29,711,000 against $40,797,000 a year ago.

 

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Industry Analysis

VISI

Industry Average

Valuation VISI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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