StarTek

Startek, Inc. is a global business process outsourcing company that provides Omni channel customer interactions, technology and back-office support solutions. It operates under the Startek and Aegis brands, which helps the large global companies to connect emotionally with their customers, solve issues, and improve net promoter scores and other customer-facing performance metrics. The company offers multiple services, including sales, order management and provisioning, customer care, technical support, receivables management, and retention programs. It also manages programs using a variety of multi-channel customer interactions, including voice, chat, email, social media and back-office support. It operates through the following segments: Americas, Middle East, Malaysia, India and Srilanka, Argentina and Peru, and Rest of World. The company was founded by A. Emmet Stephenson and Michael W. Morgan in 1987 and is headquartered in Denver, CO.

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q1 2024

StarTek reports robust Q4 earnings, strengthens balance sheet for growth

StarTek's Q4 2022 earnings call highlighted strong financial performance, strategic decisions to strengthen the balance sheet, and positive recognition for leadership initiatives. While facing challenges in exiting certain ventures, the company is well-positioned to leverage opportunities in expanding geographies and high-value client segments.

StarTek reports solid Q1 results, eyes operational optimization for growth

StarTek's Q1 performance reflects revenue growth, margin improvement, and debt reduction, underpinned by strategic wins and operational enhancements.
While facing challenges in net income and market-specific operations, the company is poised to capitalize on opportunities for growth and efficiency.
By maintaining a focus on operational optimization, market expansion, and debt reduction, StarTek aims to drive sustainable value creation and financial performance.

StarTek reports resilient Q2 performance amidst revenue challenges and opportunities

StarTek's Q2 performance reflects resilience in financial metrics and strategic positioning despite revenue challenges, showcasing operational strength and financial stability.
The company's focus on client wins, innovation, and security underscores its commitment to excellence and long-term sustainability in a competitive market landscape.
While facing challenges in revenue growth and margin management, StarTek has opportunities to capitalize on strategic initiatives, shareholder value, and technology advancements for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

StarTek is a business process outsourcing company dedicated to service. For over 20 years, the company has been committed to serving the needs of its clients and their customers. StarTek helps its clients manage the customer experience across the customer life cycle, resulting in improved customer retention, increased revenue, and greater cost efficiencies. Its comprehensive suite of solutions includes sales, order management, and provisioning, customer care, technical support, receivables management, and retention programs.

DENVER , Jan. 5, 2024 /PRNewswire/ -- Startek, Inc. (NYSE: SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, today announced the successful completion of its take-private acquisition by funds managed by Capital Square Partners ("CSP"), effective today, January 5, 2024. Under the terms of the definitive agreement for the transaction that was previously announced on October 10, 2023, CSP will acquire all shares of Startek common stock not already owned by CSP, for $4.30 per share in cash.

Startek Announces Completion of Take-Private Acquisition by Funds Managed by CSP Management Limited

Imperial Oil

Insight Enterprises

MOD,SRT and NSIT made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 29, 2023.

Best Value Stocks to Buy for December 29th

StarTek (SRT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

StarTek (SRT) Shows Fast-paced Momentum But Is Still a Bargain Stock

ExlService Holdings

Investors interested in stocks from the Outsourcing sector have probably already heard of StarTek (SRT) and ExlService Holdings (EXLS). But which of these two stocks is more attractive to value investors?

SRT vs. EXLS: Which Stock Is the Better Value Option?

BrightSpire Capital

Fluor

FlexShopper

James Hardie Industries

FLR, SRT, JHX, FPAY and BRSP have been added to the Zacks Rank #1 (Strong Buy) List on December 21, 2023.

New Strong Buy Stocks for December 21st

PLDT

SRT, PHI and FLR made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 21, 2023.

Best Value Stocks to Buy for December 21st

NEW YORK , Dec. 19, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who hold stock of Startek, Inc. ("SRT" or the "Company") (NYSE: SRT). You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of SRT to funds managed by Capital Square Partners ("CSP") in an all-cash transaction with a total enterprise value of approximately $217 million and total equity value of approximately $174 million.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation into Startek, Inc.

PHILADELPHIA , Dec. 18, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating potential legal claims against Startek, Inc. (NYSE: SRT) on behalf of the company's shareholders.  On October 10, 2023, Startek announced that it would be acquired by Capital Square Partners ("CSP") at a price of $4.30 per share in cash, which is below the company's 52-week high share price.

STARTEK INVESTIGATION NOTICE: Kaskela Law LLC Announces Investigation of Startek, Inc. (SRT) and Encourages Investors to Contact the Firm

DENVER , Dec. 14, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, is proud to announce its recent recognition with two prestigious Comparably Awards: Best Company for Women and Best Company for Diversity. Comparably, a leading workplace culture and compensation monitoring site, collects and analyzes employee feedback to determine the recipients of its awards.

Startek Honored with Comparably Awards for Best Company for Women and Best Company for Diversity

DENVER , Dec. 13, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, has been recognized by Great Place To Work® India as one of India's Best Workplaces™ in IT & IT-BPM for the year 2023. The prestigious accolade is a testament to the Startek commitment to fostering a positive and inclusive work environment for its associates.

Startek Honored as one of India's Best Workplaces in IT & IT-BPM 2023 by Great Place To Work India

Digital transformation delivers 34% call deflection for Jemena DENVER , Dec. 12, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, and Jemena, a leading Australian energy distributor, today announced the impact of their partnership designed to modernize customer experience delivery for Jemena Customers. This strategic collaboration reflects the Startek commitment to effectively combine people, technology and data to deliver customer experience excellence for leading brands.

Leading Energy Distributor Jemena Partners with Startek to Reimagine Customer Experience

PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating the recently announced buyout of Startek, Inc. (NYSE: SRT) on behalf of the company's shareholders. On October 10, 2023, Startek announced that it would be acquired by Capital Square Partners (“CSP”) at a price of $4.30 per share in cash, which is below the company's 52-week high share price. Following the closing of the proposed transactions, Startek's shareholders will be cashed out of their investment position,.

STARTEK SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Startek, Inc. Buyout and Encourages Investors to Contact the Firm – SRT

MANILA, Philippines , Dec. 7, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, is honored to announce its latest achievement, being a Great Place To Work® Certified™ company in the Philippines based on a remarkable 79% overall associate satisfaction rate. This prestigious certification reflects our ongoing commitment to providing an exceptional work environment where associates feel valued, empowered and motivated to excel.

Startek Secures Another Prestigious Great Place to Work Certification™ in the Philippines for 2023

SRT or EXLS: Which Is the Better Value Stock Right Now?

DENVER , Nov. 22, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider announced today that Startek Agent AI has been named New Product of the Year in the Business Intelligence Group BIG Award for Business . Startek Agent AI integrates three advanced AI solutions to boost both employee (EX) and customer experience (CX).

Startek Named 2023 Winner in the BIG Award for Business

MILWAUKEE , Nov. 13, 2023 /PRNewswire/ -- Ademi LLP is investigating Startek (NYSE: SRT) for possible breaches of fiduciary duty and other violations of law in its transaction with Capital Square Partners. Click here to learn how to join the https://www.ademilaw.com/case/startek-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Startek, Inc. has obtained a Fair Price in its transaction with Capital Square Partners

PHILADELPHIA , Nov. 10, 2023 /PRNewswire/ -- Shareholder protection law firm Kaskela Law LLC announces that it is investigating Startek, Inc. (NYSE: SRT) on behalf of the company's investors.  On October 10, 2023, Startek announced that it would be acquired by Capital Square Partners ("CSP") at a price of $4.30 per share in cash, which is below the company's 52-week high share price.

Kaskela Law LLC Announces Stockholder Investigation of Startek, Inc. and Encourages Investors to Contact the Firm - SRT

- The Go-Private Transaction with Capital Square Partners Is Expected to Close by End Of 2023 - DENVER , Nov. 9, 2023 /PRNewswire/ -- Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, is reporting financial results for the third quarter ended September 30, 2023. As a result of current and planned divestitures, the Company has classified Middle East and Argentina operations as 'Held for Sale and Discontinued Operations'.

Startek Reports Third Quarter 2023 Financial Results

LOS ANGELES, CA / ACCESSWIRE / November 3, 2023 /The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK , Nov. 3, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who hold stock of Startek, Inc. ("SRT" or the "Company") (NYSE: SRT). You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of SRT to funds managed by Capital Square Partners ("CSP") in an all-cash transaction with a total enterprise value of approximately $217 million and total equity value of approximately $174 million.

SRT ALERT: Levi & Korsinsky, LLP Announces an Investigation into Startek, Inc.

LOS ANGELES, CA / ACCESSWIRE / November 2, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses to Contact the Firm

SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Startek, Inc. ("Startek" or "the Company") (NYSE: SRT) breached their fiduciary duties in connection with the proposed sale of the Company to Capital Square Partners ("CSP"). You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/startek On October 10, 2023, Startek announced that it had e.

SHAREHOLDER NEWS: Johnson Fistel Investigates Proposed Sale of Startek to Capital Square Partners

LOS ANGELES, CA / ACCESSWIRE / October 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

News for StarTek Stock (SRT)