Ecoark Holdings, Inc. ("Ecoark") is a holding company that manages a diversified portfolio of growth-oriented companies. The holdings are in diverse industries and at various stages of development, as they look to maximize shareholder return. Ecoark invests in undervalued business opportunities and then assists in the growth and development of those businesses. The three primary businesses are Banner Midstream, Trend Discovery and Zest Labs. Banner Midstream, an oil and gas exploration, production, and drilling operations with a growing asset base that include 20,000 cumulative acres of active mineral leases in Texas, Louisiana, and Mississippi. Trend Discovery invests in a select number of early stage startups each year as part of the fund’s Venture Capital strategy; we are open-minded investors with a founder-first mentality. Zest Labs, offers the Zest Fresh™ solution, a breakthrough approach to quality management of fresh food, is specifically designed to help substantially reduce the $161 billion amount of food loss the U.S. experiences each year.
Company profile
Ticker
ZEST
Exchange
Website
CEO
Randy Scott May
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Magnolia Solar Corp, Mobilis Relocation Services Inc.
SEC CIK
ZEST stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
27 Jan 23
8-K
Entry into a Material Definitive Agreement
24 Jan 23
424B5
Prospectus supplement for primary offering
24 Jan 23
8-K
Departure of Directors or Certain Officers
6 Jan 23
8-K
Entry into a Material Definitive Agreement
30 Dec 22
8-K
Entry into a Material Definitive Agreement
13 Dec 22
8-K
Amendments to Articles of Incorporation or Bylaws
30 Nov 22
8-K
Entry into a Material Definitive Agreement
29 Nov 22
10-Q
2022 Q2
Quarterly report
21 Nov 22
NT 10-Q
Notice of late quarterly filing
15 Nov 22
Latest ownership filings
SC 13D/A
Nepsis Inc.
23 Jan 23
SC 13D
ENVIRO TECHNOLOGIES U.S., INC.
16 Sep 22
4
ENVIRO TECHNOLOGIES U.S., INC.
16 Sep 22
3
ENVIRO TECHNOLOGIES U.S., INC.
16 Sep 22
SC 13D/A
Nepsis, Inc.
14 Apr 22
SC 13D/A
Nepsis, Inc.
13 Apr 22
4
Randy May
23 Nov 21
4
Jay M. Puchir
23 Nov 21
4
William B. Hoagland
23 Nov 21
4
Emily Lederer Pataki
18 Nov 21
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Mar 22 | Mar 21 | Mar 20 | Mar 19 | |
|---|---|---|---|---|---|
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 986.30 k | 986.30 k | 986.30 k | 986.30 k | 986.30 k | 986.30 k |
| Cash burn (monthly) | 2.43 mm | 453.60 k | 8.24 mm | 4.47 mm | 2.18 mm | 1.11 mm |
| Cash used (since last report) | 10.48 mm | 1.96 mm | 35.63 mm | 19.30 mm | 9.41 mm | 4.80 mm |
| Cash remaining | -9.49 mm | -973.69 k | -34.64 mm | -18.31 mm | -8.43 mm | -3.81 mm |
| Runway (months of cash) | -3.9 | -2.1 | -4.2 | -4.1 | -3.9 | -3.4 |
Institutional ownership, Q3 2022
18.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 47 |
| Opened positions | 3 |
| Closed positions | 4 |
| Increased positions | 9 |
| Reduced positions | 9 |
| 13F shares | Current |
|---|---|
| Total value | 7.24 mm |
| Total shares | 5.49 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Nepsis | 2.79 mm | $3.63 mm |
| Vanguard | 567.27 k | $737.00 k |
| Hexagon Capital Partners | 485.88 k | $632.00 k |
| Advisor | 314.43 k | $411.00 k |
| Geode Capital Management | 179.09 k | $232.00 k |
| Hudson Portfolio Management | 149.68 k | $194.00 k |
| Pacific Capital Wealth Advisors | 109.37 k | $142.00 k |
| Susquehanna International | 106.04 k | $138.00 k |
| Heritage Wealth Management | 63.04 k | $82.00 k |
| HighTower Advisors | 60.51 k | $78.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Sep 22 | Ecoark | Common Stock | Other | Acquire J | No | No | 0 | 12,996,958 | 0.00 | 12,996,958 |
| 23 Nov 21 | William B. Hoagland | Common Stock | Buy | Acquire P | No | No | 2.85 | 14,500 | 41.33 k | 14,500 |
| 23 Nov 21 | Jay M. Puchir | Common Stock | Buy | Acquire P | No | No | 2.77 | 3,612 | 10.01 k | 551,558 |
| 23 Nov 21 | Randy May | Common Stock | Buy | Acquire P | No | No | 2.85 | 45,000 | 128.25 k | 641,000 |
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