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Last $1.01 USD
Change Today -0.006 / -0.59%
Volume 3.0K
COVR On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

cover-all technologies inc (COVR) Snapshot

Open
$0.99
Previous Close
$1.02
Day High
$1.01
Day Low
$0.99
52 Week High
05/5/14 - $1.55
52 Week Low
03/4/15 - $0.92
Market Cap
27.3M
Average Volume 10 Days
10.2K
EPS TTM
$0.03
Shares Outstanding
27.0M
EX-Date
03/25/09
P/E TM
33.8x
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. It offers Cover-All Policy platform, a customizable and configurable Web-based, data-centric hub and spoke software platform built around a shared information hub; and a suite of pre-built commercial insurance products, including commercial automobile, commercial package, and business owners policy, as well as workers compensation. The company also provides Studio products, such as Dev Studio, Test Studio, and Conversion Studio for managing development, testing, and configuration aspects of insurance products for Cover-All Policy. In addition, it offers business intelligence suite of products to enable its customers to leverage their information assets for real time business insights and for better risk selection, pricing, and financial reporting. Further, the company provides a range of professional services comprising 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; ongoing support services, including incorporating recent insurance rates, rules, and forms changes. It markets its products to insurance companies, agents, brokers, and managing general agents, as well as 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: 03/31/15
Founded in 1971

cover-all technologies inc (COVR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $440.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $242.2K
Senior Vice President of Product Management &...
Total Annual Compensation: $273.5K
Compensation as of Fiscal Year 2014.

cover-all technologies inc (COVR) Key Developments

Cover-All Technologies Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Sales Guidance for the Year 2015

Cover-All Technologies Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues of $5.265 million compared to $4.534 million a year ago. Operating loss was $0.477 million compared to $1.338 million a year ago. Loss before income taxes was $0.554 million compared to $1.526 million a year ago. Net loss was $0.560 million or $0.02 per basic and diluted share compared to $1.538 million or $0.06 per basic and diluted share a year ago. LBITDA was $0.032 million compared to $0.065 million a year ago. EBITDA (excluding acquisition and restructuring costs) was $0.373 million or $0.01 per basic and diluted share compared to LBITDA (excluding acquisition and restructuring costs) of $0.065 million or $0.00 per basic and diluted share a year ago. Net loss (excluding acquisition and restructuring costs) was $0.153 million or $0.01 per basic and diluted share compared to $1.538 million or $0.06 per basic and diluted share a year ago. For the year, the company reported total revenues of $20.478 million compared to $20.482 million a year ago. Operating income was $0.781 million compared to operating loss of $2.407 million a year ago. Income before income taxes was $0.418 million compared to loss before income taxes of $2.867 million a year ago. Net income was $0.366 million or $0.01 per basic and diluted share compared to net loss of $2.898 million or $0.11 per basic and diluted share a year ago. EBITDA was $2.593 million or $0.10 per basic and diluted share compared to $2.603 million or $0.10 per basic and diluted share a year ago. EBITDA (excluding acquisition and restructuring costs) was $2.999 million or $0.11 per basic and diluted share compared to $2.922 million or $0.11 per basic and diluted share a year ago. Net income (excluding acquisition and restructuring costs) was $0.772 million or $0.03 per basic and diluted share compared to net loss (excluding acquisition and restructuring costs) of $2.579 million or $0.10 per basic and diluted share a year ago. Most importantly, the profitability contribution from these 2 segments improved meaningfully during the year. Pro forma revenue for 2014 for the combined company is $106 million. Net cash provided by operating activities was $2.851 million compared to $2.777 million a year ago. Capital expenditures were $20,590,000 compared to $37,562,000 a year ago. Pro forma EBITDA before R&D was $16.6 million and pro forma EBITDA after R&D was $6.9 million. The company is starting 2015 with positive sales momentum that has been intensified by the proposed merger with Majesco.

Cover-All Technologies Inc. to Report Q4, 2014 Results on Feb 19, 2015

Cover-All Technologies Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 19, 2015

Cover-All Technologies Inc., Q4 2014 Earnings Call, Feb 19, 2015

Cover-All Technologies Inc., Q4 2014 Earnings Call, Feb 19, 2015

 

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COVR

Industry Average

Valuation COVR Industry Range
Price/Earnings 73.7x
Price/Sales 1.3x
Price/Book 2.3x
Price/Cash Flow 14.7x
TEV/Sales 1.0x
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