Mon, Jun 30, 10:02 AM (13 days ago)
### Summary of Old Market Capital Corporation (OMCC) 10-K **Company Overview:** Old Market Capital Corporation (NASDAQ: OMCC) transitioned from a specialized consumer finance company to a holding company with a controlling interest in Amplex, a broadband service provider. The company is based in Omaha, Nebraska. **Financial Performance:** - **Revenue:** $9.4 million for the fiscal year ended March 31, 2025, compared to $0 for the previous year. The increase is due to the acquisition of Amplex, which provides wireless and fiber internet services. - **Net Income (Loss):** The company reported a net loss of $5.1 million for the fiscal year ended March 31, 2025, compared to a net loss of $20.8 million for the previous year. - **Earnings Per Share (EPS):** Basic and diluted loss per share attributable to common shareholders was $0.77 for the fiscal year ended March 31, 2025, compared to $2.86 for the previous year. **Strategic Overview:** - **Acquisition of Amplex:** On June 15, 2024, OMCC acquired a majority interest in Amplex, a provider of broadband internet, VOIP, and video services in Northwest and North Central Ohio. As of March 31, 2025, Amplex had approximately 13,000 broadband customers and over 12,000 fiber passings completed. - **Future Outlook:** OMCC plans to continue pursuing additional controlling interests in other companies and sectors to drive growth in intrinsic value per share. **Risk Factors:** - **Economic Conditions:** Weak economic conditions may negatively impact Amplex's revenue and results of operations. - **Regulatory Risks:** Amplex is subject to various federal, state, and local laws and regulations, which could significantly affect its business, legal, and compliance costs. - **Competition:** Amplex faces strong competition from established cable and wireless providers, which may enable them to offer a broader array of products and services, invest more aggressively in customer acquisition, and retain existing customers more effectively. - **Cybersecurity Threats:** OMCC and Amplex are vulnerable to cybersecurity threats and IT system disruptions, which could significantly impact their business, financial condition, and operations. **Financial Condition:** - **Cash and Cash Equivalents:** $24.5 million as of March 31, 2025. - **Total Assets:** $77.7 million as of March 31, 2025. - **Total Liabilities:** $10.7 million as of March 31, 2025. **Market Position Changes:** - **Shareholders' Equity:** $53.1 million as of March 31, 2025, compared to $58.8 million as of March 31, 2024. - **Market Capitalization:** The aggregate market value of Common Stock held by non-affiliates was $42.3 million as of September 30, 2024. **Amendment Information:** - This is not an amendment, but a comprehensive summary of the 10-K filing.