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Embark Technology (EMBK)

Company Profile

Company profile

Ticker

EMBK, EMBKW

Exchange

Incorporated

Location

Fiscal year end

Sector

Professional, Scientific, and Technical Services > Computer Systems Design Services

Industry (SIC)

Services - Computer Integrated Systems Design

Kyndryl • Leidos • CERNER • Godaddy • Open Text • Parsons • Caci International Inc. - Registered Shares • Unisys • Veradigm • Light & Wonder ...

Former names

Northern Genesis Acquisition Corp. II

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

853343695

EMBK stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

Prospectus supplement

Prospectus supplement

Prospectus supplement

Quarterly report

8 Nov 22

Embark Announces Third Quarter 2022 Financial Results

Regulation FD Disclosure

Departure of Directors or Certain Officers

Prospectus supplement

Prospectus supplement

Embark Technology Announces Completion of Reverse Stock Split

Transcripts

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

View all

Stephen Meyer Houghton

Patricia Chiodo

Siddhartha Venkatesan

Patrick W Grady

Financial summary

Financial statements Chart EMBK financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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)	191.92 mm	191.92 mm	191.92 mm	191.92 mm	191.92 mm	191.92 mm
Cash burn (monthly)	9.79 mm	(no burn)	12.58 mm	16.05 mm	8.67 mm	8.19 mm
Cash used (since last report)	41.46 mm	n/a	53.30 mm	67.98 mm	36.72 mm	34.71 mm
Cash remaining	150.45 mm	n/a	138.62 mm	123.94 mm	155.20 mm	157.21 mm
Runway (months of cash)	15.4	n/a	11.0	7.7	17.9	19.2

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

EMBK institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	30	103	-70.9%
Opened positions	9	45	-80.0%
Closed positions	82	15	+446.7%
Increased positions	5	21	-76.2%
Reduced positions	11	18	-38.9%

13F shares	Current	Prev Q	Change
Total value	634.28 mm	968.93 mm	-34.5%
Total shares	92.44 mm	306.80 mm	-69.9%
Total puts	0.00	279.10 k	EXIT
Total calls	1.06 mm	487.20 k	+116.6%
Total put/call ratio	–	0.6	–

Largest owners	Shares	Value	Change
Data Collective IV	63.72 mm	$632.74 mm	0.0%
Maven Ventures Fund II	20.68 mm	$0.00	0.0%
Alberta Investment Management	2.29 mm	$160.00 k	+227.8%
Healthcare Of Ontario Pension Plan Trust Fund	2.10 mm	$146.00 k	-31.0%
Magnetar Financial	641.55 k	$45.00 k	+56.4%
Ionic Capital Management	556.21 k	$39.00 k	NEW
BLK Blackrock	356.82 k	$25.00 k	-88.8%
Point72 Asset Management	324.67 k	$23.00 k	-45.8%
K.J. Harrison & Partners	310.46 k	$22.00 k	-8.5%
Citadel Advisors	262.29 k	$18.00 k	+15.0%

Largest transactions	Shares	Bought/sold	Change
Data Collective IV GP	0.00	-63.72 mm	EXIT
SC Us (TTGP)	0.00	-53.14 mm	EXIT
Maven Ventures Partners II	0.00	-16.55 mm	EXIT
BEN Franklin Resources	0.00	-12.02 mm	EXIT
Tiger Global Management	0.00	-9.92 mm	EXIT
Vestcor	100.00 k	-9.45 mm	-99.0%
MIC Capital Management UK	0.00	-7.89 mm	EXIT
OMERS ADMINISTRATION	0.00	-6.39 mm	EXIT
D. E. Shaw & Co.	0.00	-4.65 mm	EXIT
Vanguard	0.00	-4.28 mm	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

EMBK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Oct 22	Richard Hawwa	Class A Common Stock	Option exercise	Acquire M	No	No	0	4,661	0.00	79,236
1 Oct 22	Richard Hawwa	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	4,661	0.00	0
7 Sep 22	Stephen Meyer Houghton	Class A Common Stock	Option exercise	Acquire M	No	No	0	777	0.00	37,287
7 Sep 22	Stephen Meyer Houghton	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	777	0.00	0
7 Sep 22	Herscher Penny	Class A Common Stock	Grant	Acquire A	No	No	0	7,446	0.00	26,804
7 Sep 22	Herscher Penny	Class A Common Stock	Grant	Acquire A	No	No	0	19,358	0.00	19,358
1 Sep 22	Richard Hawwa	Class A Common Stock	Option exercise	Acquire M	No	No	0	4,661	0.00	74,575
1 Sep 22	Richard Hawwa	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	4,661	0.00	149,150

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

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Press releases

From Benzinga Pro

EMBARK ALERT: Bragar Eagel & Squire, P.C. is Investigating Embark Technology, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Embark Technology, Inc. (NASDAQ:EMBK) on

Lifshitz Law PLLC Announces Investigations of Embark Technology, Inc. (NASDAQ: EMBK), Everbridge, Inc. (NASDAQ: EVBG), Playstudios, Inc. (NASDAQ: MYPS), and Stronghold Digital Mining, Inc. (NASDAQ: SDIG)

NEW YORK, Nov. 19, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (NASDAQ:EMBK) Lifshitz Law PLLC announces that a class action complaint was filed on behalf of shareholders of Embark alleging that Defendants made

Embark Announces Third Quarter 2022 Financial Results

— Embark Coverage Map Expands to Launch Coast-to-Coast Autonomous Trucking Network — — Embark Completes Reverse Stock Split at a Ratio of 1-for-20 — — Embark Appoints Penny Herscher as Independent Board Chairperson —