MachTen is a holding company for Upper Peninsula Telephone Company (UPTC), Michigan Central Broadband Company (MCBC), and Alpha Communications. MachTen’s subsidiaries provide regulated and unregulated broadband internet access and communications services, including voice, video, home automation and managed hosting services. Investors should refer to public filings that have been posted to www.machteninc.com.
Company profile
Ticker
MACT
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
15-12G
Securities registration termination
7 Feb 24
8-K
Other Events
7 Feb 24
8-K
MachTen, Inc. Reports Results for the Third Quarter 2023
14 Nov 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K/A
Completion of Acquisition or Disposition of Assets
24 Oct 23
8-K
MachTen, Inc. to Participate in Enhanced-ACAM & RUS ReConnect Programs
11 Oct 23
8-K
Entry into a Material Definitive Agreement
5 Sep 23
8-K
MachTen, Inc. Reports Results for the Second Quarter 2023
29 Aug 23
10-Q
2023 Q2
Quarterly report
28 Aug 23
8-K
Entry into a Material Definitive Agreement
14 Aug 23
Latest ownership filings
4
MARIO J GABELLI
7 Dec 23
SC 13D/A
GAMCO INVESTORS, INC. ET AL
15 Nov 23
4
MARIO J GABELLI
10 Oct 23
SC 13D
GAMCO INVESTORS, INC. ET AL
8 Sep 23
4/A
MARIO J GABELLI
5 Sep 23
4
MARIO J GABELLI
5 Sep 23
4
Daniel M. Miller
15 Aug 23
3
Katherine Tansey
4 Aug 23
3
PATRICK J HANSEN
3 Aug 23
4
Philip J. Lombardo
3 Aug 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | |
---|---|---|---|
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) | |||
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.57 mm | 1.57 mm | 1.57 mm | |||
Cash burn (monthly) | 292.00 k | (no burn) | (no burn) | |||
Cash used (since last report) | 2.09 mm | n/a | n/a | |||
Cash remaining | -519.83 k | n/a | n/a | |||
Runway (months of cash) | -1.8 | n/a | n/a |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Dec 23 | Gabelli Mario J | Common Stock | Gift | Dispose G | No | No | 0 | 11,500 | 0.00 | 724,250 |
10 Oct 23 | GGCP | Common Stock | Buy | Acquire P | No | No | 5.75 | 467 | 2.69 k | 227,000 |
9 Oct 23 | GGCP | Common Stock | Buy | Acquire P | No | No | 5.75 | 183 | 1.05 k | 226,533 |
31 Aug 23 | Lynch Interactive | Common Stock | Other | Acquire J | No | No | 0 | 4,200 | 0.00 | 605,980 |
14 Aug 23 | Daniel M. Miller | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 100,000 |