theMaven, Inc. engages in the development of online media channels. Its channel is operated by an invite only channel partner, drawn from subject matter experts, reporters, group evangelists and social leaders. The company was founded by James C. Heckman Jr. in 1990 and is headquartered in Seattle, WA.
Company profile
Ticker
AREN
Exchange
Website
CEO
James C. Heckman
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
INTEGRATED SURGICAL SYSTEMS INC, theMaven, Inc.
SEC CIK
Corporate docs
Subsidiaries
The Arena Media • TheStreet, Inc. • The Arena Platform, Inc. • College Spun Media Incorporated ...
IRS number
680232575
AREN stock data
Latest filings (excl ownership)
NT 10-K
Notice of late annual filing
16 Mar 23
8-K
The Arena Group Reports Full Year 2022 Revenue of $221 Million
16 Mar 23
424B3
Prospectus supplement
10 Feb 23
EFFECT
Notice of effectiveness
7 Feb 23
8-K
The Arena Group Announces Preliminary and Unaudited Full Year 2022 Results Exceeding Guidance; Reaffirms 2023 Outlook
3 Feb 23
CORRESP
Correspondence with SEC
2 Feb 23
UPLOAD
Letter from SEC
1 Feb 23
S-3
Shelf registration
24 Jan 23
424B3
Prospectus supplement
21 Dec 22
8-K
Entry into a Material Definitive Agreement
20 Dec 22
Latest ownership filings
SC 13G/A
B. Riley Asset Management, LLC
16 Feb 23
SC 13G
B. Riley Asset Management, LLC
15 Feb 23
SC 13G/A
180 DEGREE CAPITAL CORP. /NY/
14 Feb 23
4
Laura Anne Lee
3 Jan 23
4
Carlo Zola
3 Jan 23
4
Herbert Hunt Allred
3 Jan 23
4
Todd D. Sims
3 Jan 23
4
Christopher Petzel
3 Jan 23
4
Daniel Shribman
3 Jan 23
SC 13D/A
B. Riley Financial, Inc.
30 Dec 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| 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) | 13.81 mm | 13.81 mm | 13.81 mm | 13.81 mm | 13.81 mm | 13.81 mm |
| Cash burn (monthly) | 512.00 k | (no burn) | 5.32 mm | 6.58 mm | 2.40 mm | 1.76 mm |
| Cash used (since last report) | 2.92 mm | n/a | 30.30 mm | 37.48 mm | 13.69 mm | 10.04 mm |
| Cash remaining | 10.89 mm | n/a | -16.50 mm | -23.68 mm | 111.19 k | 3.77 mm |
| Runway (months of cash) | 21.3 | n/a | -3.1 | -3.6 | 0.0 | 2.1 |
Institutional ownership, Q4 2022
73.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 42 |
| Opened positions | 7 |
| Closed positions | 3 |
| Increased positions | 18 |
| Reduced positions | 9 |
| 13F shares | Current |
|---|---|
| Total value | 139.58 bn |
| Total shares | 13.44 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| RILY B. Riley Financial | 4.59 mm | $48.73 bn |
| B. Riley FBR | 4.59 mm | $48.73 bn |
| 272 Capital | 1.57 mm | $16.69 bn |
| BLK Blackrock | 579.27 k | $6.15 bn |
| Vanguard | 542.74 k | $5.76 bn |
| Boothbay Fund Management | 405.20 k | $4.30 bn |
| STT State Street | 214.80 k | $2.28 bn |
| Geode Capital Management | 204.70 k | $2.17 mm |
| EAM Investors | 119.23 k | $1.26 bn |
| Equitec Proprietary Markets | 105.20 k | $1.12 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 22 | Shribman Daniel | Common Stock | Option exercise | Acquire M | No | No | 0 | 450 | 0.00 | 17,268 |
| 31 Dec 22 | Shribman Daniel | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 450 | 0.00 | 0 |
| 31 Dec 22 | Christopher Petzel | Common Stock | Option exercise | Acquire M | No | No | 0 | 450 | 0.00 | 6,821 |
| 31 Dec 22 | Christopher Petzel | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 450 | 0.00 | 0 |
| 31 Dec 22 | Sims Todd D. | Common Stock | Option exercise | Acquire M | No | No | 0 | 675 | 0.00 | 48,556 |
| 31 Dec 22 | Sims Todd D. | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 675 | 0.00 | 0 |
| 31 Dec 22 | Herbert Hunt Allred | Common Stock | Option exercise | Acquire M | No | No | 0 | 675 | 0.00 | 22,150 |
| 31 Dec 22 | Herbert Hunt Allred | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 675 | 0.00 | 0 |
| 31 Dec 22 | Carlo Zola | Common Stock | Option exercise | Acquire M | No | No | 0 | 675 | 0.00 | 11,388 |
| 31 Dec 22 | Carlo Zola | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 675 | 0.00 | 0 |
Press releases
The Arena Group Reports Full Year 2022 Revenue of $221 Million Driven by a Nearly 74% Year Over Year Increase in Digital Advertising Revenue
16 Mar 23
Esports Illustrated: A New Digital Destination for Gamers Launches, Powered By The Arena Group
9 Mar 23
The Arena Group Announces Four New Sports Properties Will Launch on the Platform
6 Mar 23
Sports Illustrated Debuts SI World Golf Rankings
22 Feb 23
Sports Illustrated Presents Kansas City Chiefs Super Bowl LVII Champions Commemorative Issue
13 Feb 23