onvia inc (ONVI) Key Developments
Onvia Inc. Appoints George I. Stoeckert as Member of the Board
Jul 2 15
On June 30, 2015, the board of directors of Onvia Inc. appointed George I. Stoeckert as a member of the board, effective on that date. Mr. Stoeckert was appointed as a Class III director. He will hold office until the company’s 2018 annual meeting of stockholders or until his successor is appointed and duly qualified or his earlier resignation or removal. Mr. Stoeckert is an independent investor and advisor. He most recently served as president, North America and Internet Solutions at Dun & Bradstreet Inc. from 2009 until mid-2011. Previously, Mr. Stoeckert was an Executive Officer at Automatic Data Processing Inc. for 16 years in general management, strategy and financial roles. Mr. Stoeckert has served on the boards of several venture capital stage and joint venture companies including as an interim director of Careerbuilder Inc. and member of the board of Capital Re Corporation. Mr. Stoeckert presently serves on the board of Theragenics Corporation and Open Book Ben LLC.
Onvia Appoints Chris Woerner as Senior Vice President of Product Management
Jul 2 15
Onvia announced the appointment of Chris Woerner to the company's executive management team as the Senior Vice President of Product Management. In his role, Woerner will lead Onvia's Product and User Experience teams in the continued development and management of Onvia's business intelligence platform for state and local government contractors. Prior to joining Onvia, Woerner served as VP Product Management at CDK Global. Woerner has also held software management positions with InstallShield Software, Quaker Oats and Andersen Consulting.
Onvia, Inc. Adopts Amendments to Bylaws
May 7 15
On May 6, 2015, the Board of Directors of Onvia Inc. adopted amendments to Article III of the corporation's bylaws to reduce the size of the Board of Directors from six to five members.
Onvia Inc. Reports Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015
May 4 15
Onvia Inc. reported unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company’s total revenue was $5,845,000 against $5,616,000 a year ago. Loss from operations was $479,000 against $92,000 a year ago. Net loss was $477,000 against $89,000 a year ago. Basic and diluted net loss per common share was $0.06 against $0.01 a year ago. Adjusted EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization, and non-cash stock-based compensation) for the quarter ended March 31, 2015 decreased to $192,000 from $778,000 in the first quarter of 2014. Adjusted EBITDA for the first quarter of 2015 was negatively impacted by the unusual expenses. Due to company’s small size, increased variable sales costs may exceed the incremental revenue generated each period, which may negatively impact the short term Adjusted EBITDA. Net cash provided by operating activities was $749,000 against $722,000 a year ago. Additions to property and equipment were $68,000 against $97,000 a year ago.
Onvia Inc. to Report Q1, 2015 Results on May 04, 2015
Apr 21 15
Onvia Inc. announced that they will report Q1, 2015 results at 4:30 PM, US Eastern Standard Time on May 04, 2015