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Profile - Equitex, Inc. (NasdaqSC:EQTX)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC | Msgs | Insider | Financials
Location
7315 East Peakview Avenue
Englewood, CO 80111
Phone: (303) 796-8940
Fax: (303) 796-9762
Employees (last reported count): 5
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Misc. Financial Services
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 29%
·Over the last 6 months:
 · one insider sell; 4,000  shares
  (0.2% of insider shares)
·Institutional: 3% (4% of float)
(8 institutions)
·Net Inst. Buying: 11.0K shares (+4.95%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Equitex, Inc. is a holding company operating through its wholly owned subsidiaries, First TeleServices Corp. (FTC) and Meridian Services, Inc., and its majority-owned subsidiaries nMortgage and Triumph Sports, Inc. In addition, the Company also owns an interest in VP Sports. nMortgage is a business-to-consumer retail Internet mortgage banking company. Meridian Services's business is to provide the back-office support to help originate, fully process, underwrite and close residential mortgages. FTC's business plan calls for it to perform as a consumer finance company, offering an array of financial products and services to the sub-prime market.
More from Market Guide: Expanded Business Description

Financial Summary
EQTX is a holding company that operates through its wholly owned subsidiaries, First TeleServices Corp. and Meridian Services, Inc., and its majority-owned subsidiaries, nMortgage and Triumph Sports, Inc. For the three months ended 3/01, revenues fell 46% to $771 thousand. Net loss applicable to Common rose 28% to $2.5 million. Revenues reflect the absence of secondary marketing revenues. Loss reflects the inclusion of accretion of redemption value on preferred.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, revenues were 937; after tax earnings were -1,762. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers[Insider Trade Data]

Position
Henry Fong, 65Pres, Treasurer, Principal Exec., Financial, Accounting Officer, Director
Thomas Olson, 35Sec.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqSC:EQTXAs of 31-Aug-2001
Price and Volume
52-Week Low
on 29-Dec-2000
$3.875
Recent Price$5.08 
52-Week High
on 14-Sep-2000
$8.438
Beta2.04 
Daily Volume (3-month avg)24.0K
Daily Volume (10-day avg)34.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-29.3%
52-Week Change
relative to S&P500
-5.2%
Share-Related Items
Market Capitalization$35.9M
Shares Outstanding7.07M
Float5.00M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 2 on 2-Jan-1996
Per-Share Data
Book Value (mrq*)-$0.24 
Earnings (ttm)-$0.69 
Earnings (mrq)-$0.25 
Sales (ttm)$0.35 
Cash (mrq*)$0.04 
Valuation Ratios
Price/BookN/A 
Price/EarningsN/A 
Price/Sales (ttm)14.58 
Income Statements
Sales (ttm)$2.83M
EBITDA (ttm*)-$10.1M
Income available to common (ttm)-$3.97M
Profitability
Profit Margin (ttm)-87.0%
Operating MarginN/A 
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)-26.01%
Return on EquityN/A 
Financial Strength
Current Ratio (mrq*)0.49 
Debt/Equity (mrq*)0.74 
Total Cash (mrq)$0 
Short Interest
As of 8-Aug-2001
Shares Short312.0K
Percent of Float6.2%
Shares Short
(Prior Month)
311.0K
Short Ratio14.18 
Daily Volume22.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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