VOLT · Volt Information Sciences, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Revenue	$885.39M	$822.05M	$997.09M	$1.19B	$1.50B	$1.71B
Cost of Revenue	$741.87M	$694.20M	$844.53M	-	$1.27B	$1.45B
Gross Profit	$143.52M	$127.85M	$152.56M	$153.68M	$187.40M	$259.58M
R&D	-	-	-	-	-	-
SG&A	$135.43M	$137.67M	$157.05M	$173.34M	$197.13M	$203.93M
Total Operating Expenses	-	-	-	-	$148.23M	$208.38M
D&A	$7.56M	$7.98M	$6.96M	$7.21M	$8.03M	$5.97M
Operating Income	$4.83M	($29.37M)	($9.83M)	($28.41M)	$39.16M	($5.89M)
Interest Expense	$1.80M	$2.30M	$3.16M	$2.77M	$3.79M	$3.31M
Income Tax	$1.40M	$1.04M	$978.0K	$958.0K	$3.39M	$2.17M
Net Income	$1.37M	($33.59M)	($15.19M)	($32.69M)	$27.13M	($14.57M)
EPS - Basic	$0.06	($1.56)	($0.72)	($1.55)	$1.30	($0.70)
EPS - Diluted	$0.06	($1.56)	($0.72)	($1.55)	$1.29	($0.70)

Balance Sheet

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Cash & Equivalents	$71.37M	$38.55M	$28.67M	$24.76M	$37.08M	$6.39M
Accounts Receivable	$127.21M	$121.92M	$135.95M	$157.44M	$173.82M	$193.87M
Inventory	-	-	-	-	-	-
Accounts Payable	$36.54M	$31.22M	$36.34M	$33.50M	$36.90M	$32.42M
Current Assets	$213.54M	$188.26M	$184.67M	$204.50M	$244.84M	$260.56M
Total Assets	$260.10M	$241.84M	$218.00M	$236.70M	$284.81M	$316.46M
Current Liabilities	$114.31M	$86.50M	$95.32M	$100.33M	$162.96M	$126.48M
Long-term Debt	$59.31M	$59.15M	$53.89M	$49.07M	$0	$95.00M
Total Liabilities	$229.01M	$213.97M	$181.81M	$186.20M	$200.81M	$267.50M
Stockholders' Equity	$31.09M	$27.87M	$36.19M	$50.50M	$83.99M	$48.97M
Retained Earnings	($32.21M)	($29.79M)	($10.92M)	$9.74M	$45.84M	$21.00M

Cash Flow

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Operating Cash Flow	$23.87M	$18.15M	$7.37M	$4.57M	$4.57M	($7.61M)
Investing Cash Flow	($3.06M)	($4.63M)	($8.84M)	$72.67M	$72.67M	$18.84M
Financing Cash Flow	($580.0K)	$4.58M	$3.90M	($48.29M)	($48.29M)	($11.39M)
CapEx	$3.11M	$5.27M	$9.05M	$3.56M	$9.31M	$17.55M
Free Cash Flow	$20.75M	$12.89M	($1.69M)	$1.00M	($4.74M)	($25.16M)

Ratios

Metric	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Profitability
Gross margin	16.2%	15.6%	15.3%	12.9%	12.5%	15.2%
Operating margin	0.5%	-3.6%	-1.0%	-2.4%	2.6%	-0.3%
EBITDA margin	1.4%	-2.6%	-0.3%	-1.8%	3.2%	0.0%
Net margin	0.2%	-4.1%	-1.5%	-2.7%	1.8%	-0.9%
Free cash flow margin	2.3%	1.6%	-0.2%	0.1%	-0.3%	-1.5%
FCF / Net income	15.11	-0.38	0.11	-0.03	-0.17	1.73
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	15.3%	16.7%	15.8%	14.5%	13.2%	11.9%
Effective tax rate	50.5%	-	-	-	11.1%	-
Return on assets	0.5%	-13.9%	-7.0%	-13.8%	9.5%	-4.6%
Return on equity	4.4%	-120.5%	-42.0%	-64.7%	32.3%	-29.8%
Return on invested capital	2.7%	-26.7%	-8.6%	-22.5%	41.5%	-3.2%
Liquidity
Current ratio	1.87	2.18	1.94	2.04	1.50	2.06
Quick ratio	1.87	2.18	1.94	2.04	1.50	2.06
Cash ratio	0.62	0.45	0.30	0.25	0.23	0.05
Leverage
Debt / Equity	1.91	2.12	1.49	0.97	0.00	1.94
Debt / Assets	0.23	0.24	0.25	0.21	0.00	0.30
Debt / EBITDA	4.79	-	-	-	0.00	1187.50
Interest coverage	2.7x	-12.8x	-3.1x	-10.3x	10.3x	-1.8x
Equity multiplier	8.37	8.68	6.02	4.69	3.39	6.46
Liabilities / Assets	0.88	0.88	0.83	0.79	0.71	0.85
Efficiency
Asset turnover	3.40	3.40	4.57	5.05	5.26	5.40
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	52d	54d	50d	48d	42d	41d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	18d	16d	16d	-	11d	8d
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	7.7%	-17.6%	-16.5%	-20.2%	-12.5%	-
Revenue CAGR (3y)	-9.5%	-18.1%	-16.5%	-	-	-
Revenue CAGR (5y)	-12.3%	-	-	-	-	-
Gross profit growth (YoY)	12.3%	-16.2%	-0.7%	-18.0%	-27.8%	-
Operating income growth (YoY)	-	-198.7%	65.4%	-	-	53.8%
Net income growth (YoY)	-	-121.2%	53.5%	-	-	40.8%
EPS growth (YoY)	-	-116.7%	53.5%	-	-	40.7%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	61.1%	-	-	-	81.1%	-
FCF CAGR (5y)	-	-18.0%	-	-	-	-
Book value growth (YoY)	11.5%	-23.0%	-28.3%	-39.9%	71.5%	-24.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2021-10-31.

Business segments

$885.04M total

North American Staffing$738.77M · 83.5%

International Staffing$106.96M · 12.1%

North American MSP$39.31M · 4.4%

Product / service

$885.39M total

Staffing Services$845.13M · 95.5%

Managed Service Program$23.90M · 2.7%

Direct Placement Services$16.36M · 1.8%

Geographic

$885.39M total

US$774.09M · 87.4%

Non Us$111.30M · 12.6%

Stability scores

Altman Z′

FY 2021 · bankruptcy risk

3.68

Safe

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2021 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✗Current ratio improved
✗No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Services-Help Supply Services

Company	Revenue (last FY)	Net margin	ROE
KFRC	$1.33B	2.6%	27.9%
KELYA	$4.25B	-6.0%	-26.0%
TBI	-	-	-17.5%
NSP	$6.81B	-0.1%	-15.2%
STRR	$172.16M	-3.4%	-9.0%

Comparing VOLT INFORMATION SCIENCES against the 5 most active filers in the same SIC group.