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Last $0.67 USD
Change Today +0.021 / 3.24%
Volume 11.7K
CHCI On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 4:30 PM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

comstock holding companies (CHCI) Snapshot

Open
$0.65
Previous Close
$0.65
Day High
$0.70
Day Low
$0.60
52 Week High
08/13/14 - $1.42
52 Week Low
05/19/15 - $0.50
Market Cap
15.7M
Average Volume 10 Days
16.6K
EPS TTM
$-0.19
Shares Outstanding
20.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for COMSTOCK HOLDING COMPANIES (CHCI)

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comstock holding companies (CHCI) Details

Comstock Holding Companies, Inc. operates as a real estate development and construction services company in the United States. The company operates through three segments: Homebuilding, Multi-Family, and Real Estate Services. The company builds single-family homes, townhouses, mid-rise condominiums, high-rise multi-family condominiums, multi-family units, and residential and commercial developments. It also provides real estate management services, including strategic planning, land development, entitlement, property management, sales and marketing, workout and turnaround strategies, financing, and general construction services; and construction management and general contracting services to other property owners. The company was formerly known as Comstock Homebuilding Companies, Inc. and changed its name to Comstock Holding Companies, Inc. in June 2012. Comstock Holding Companies, Inc. was founded in 1985 and is headquartered in Reston, Virginia.

58 Employees
Last Reported Date: 04/15/15
Founded in 1985

comstock holding companies (CHCI) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $548.0K
Chief Financial Officer
Total Annual Compensation: $300.7K
General Counsel and Secretary
Total Annual Compensation: $334.2K
Compensation as of Fiscal Year 2014.

comstock holding companies (CHCI) Key Developments

Comstock Holding Companies, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Comstock Holding Companies, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net loss attributable to the company narrowed to $943,000, or $0.04 per share, from a $1.6 million and $0.08 per share loss last year. Total revenue rose 28.8% to $10.3 million during the quarter from $8 million in revenue last year. Operating loss was $930,000 compared to $824,000 a year ago. Loss before income tax benefit was $738,000 compared to loss before income tax expense of $769,000 a year ago.

Comstock Holding Companies, Inc. Receives Non-Compliance Notice From Nasdaq

On April 28, 2015, Comstock Holding Companies, Inc. received a deficiency letter from The Nasdaq Stock Market LLC (Nasdaq) advising the company that based on the company’s financial statements included in its most recent 10-K that the company’s reported stockholders’ equity of $1,855,000 did not meet the minimum of $2,500,000 required under Nasdaq Listing Rule 5550(b)(1). The deficiency is primarily the result of the company’s redemption of non-controlling interests (included as equity in the company’s financial statements) during 2014 of $14.6 million coupled with an operating loss of $3.1 million incurred during 2014. The $3.1 million operating loss for 2014 is largely the result of a non-cash impairment charge of $2.7 million and a restructuring charge of $0.6 million. The Notice Letter has no immediate effect on the listing of the company’s shares of Class A common stock on Nasdaq. The company intends to submit its plan for addressing the subject listing deficiency within the 45 calendar days provided under Nasdaq rules. If the company’s plan is not accepted by Nasdaq, the company will have an opportunity to appeal the decision to a Hearings Panel. The company plans to take additional actions during the second quarter of 2015 with the intention of ensuring its ability to regain compliance with this listing requirement. These actions may include issuance of common or preferred equity, additional project specific capital raises and the potential conversion of existing unsecured shareholder debt to equity.

Comstock Holding Companies, Inc. Proposes Amendment to the Restated Certificate of Incorporation

Comstock Holding Companies, Inc. proposed amendment to the Company's restated certificate of incorporation (as amended, the Restated Certificate of Incorporation) providing for an adjustment to the voting power of Class B common stock if the rights under the Rights Agreement become exercisable or are exchanged for shares of Class A common stock in accordance with the terms of the Rights Agreement and to reduce the total number of shares of common stock that the Company is authorized to issue, corresponding, proportionately, with a contemplated reverse stock split of common stock in the range of approximately 1-for-5 to 1-for-7, but subject to Board of Directors' discretion to effect or abandon such amendment (and such reverse stock split).

 

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Industry Analysis

CHCI

Industry Average

Valuation CHCI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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