Unico American Cp (UNAM) 11.58 $UNAM
Unico American Corporation Reports First Quarter 2016 Financial Results
BusinessWire - Wed May 11, 2:30PM CDT
Unico American Corporation (NASDAQ - "UNAM"
("Unico," the "Company", announced today its consolidated financial results for the three months ended March 31, 2016. For the three months ended March 31, 2016, revenues were $8.5 million and net loss was $0.2 million ($0.04 diluted loss per share) compared with revenues of $7.8 million and net loss of $0.4 million ($0.07 diluted loss per share) for the three months ended March 31, 2015.
UNAM: 11.58 (+0.32)
Unico American Corporation Announces Review of Strategic Alternatives
BusinessWire - Mon Apr 04, 7:30AM CDT
Unico American Corporation (NASDAQ: UNAM) ("Unico" or the "Company" today announced its Board of Directors has authorized a review of strategic alternatives for the Company aimed at enhancing shareholder value. The Board of Directors has established a Special Committee consisting entirely of independent directors to oversee the review of strategic alternatives and potential opportunities. Willis Capital Markets & Advisory has been retained as exclusive financial advisor to the Special Committee. No assurance can be given as to whether, when or on what terms any possible transaction might occur. The Company does not intend to make any further statements regarding this process unless and until a definitive agreement has been reached, or until the process of exploring strategic alternatives has ended.
UNAM: 11.58 (+0.32)
Unico American Corporation Reports Fourth Quarter and Full Year 2015 Financial Results
BusinessWire - Fri Mar 25, 3:38PM CDT
Unico American Corporation (NASDAQ: UNAM) ("Unico," the "Company", announced today its consolidated financial results for the three and twelve months ended December 31, 2015. For the three months ended December 31, 2015, revenues were $8.7 million and net loss was $0.2 million ($0.05 diluted loss per share) compared with revenues of $7.6 million and net loss of $0.05 million ($0.01 diluted loss per share) for the three months ended December 31, 2014. For the twelve months ended December 31, 2015, revenues were $33.3 million and net loss was $1.2 million ($0.22 diluted loss per share) compared with revenue of $30.5 million and net income of $0.8 million ($0.16 diluted income per share) for the twelve months ended December 31, 2014.
UNAM: 11.58 (+0.32)
Unico American Corporation Reports Third Quarter 2015 Financial Results
BusinessWire - Fri Nov 06, 8:00AM CST
Unico American Corporation (NASDAQ: UNAM) ("Unico," the "Company", announced today its consolidated financial results for the three and nine months ended September 30, 2015. For the three months ended September 30, 2015, revenues were $8.5 million and net loss was $0.7 million ($0.12 diluted loss per share) compared with revenues of $7.8 million and net income of $0.03 million ($0.01 diluted earnings per share) for the three months ended September 30, 2014. For the nine months ended September 30, 2015, revenues were $24.6 million and net loss was $0.9 million ($0.17 diluted loss per share) compared with revenues of $22.8 million and net income of $0.9 million ($0.17 diluted earnings per share) for the nine months ended September 30, 2014.
UNAM: 11.58 (+0.32)
Unico American Corporation Announces Asset Impairment and Filing of Related Lawsuit
BusinessWire - Thu Oct 15, 8:00AM CDT
Unico American Corporation (NASDAQ - UNAM) ("Unico," the "Company", announced that on October 9, 2015, the Company concluded that a charge for impairment of the Company's capitalized computer software costs, related to a contract entered into on November 1, 2012, was required under U.S. generally accepted accounting principles. The capitalized costs included $1,287,460 of paid and $223,442 of accrued unpaid invoices from the software vendor, Insurance Systems, Inc. ("ISI". The capitalized costs included licensing, configuration and customization activities, coding, testing, and installation of a new policy administration system. The impact of this impairment to the Company's consolidated statements of operations is expected to be a charge of $1,287,460 before income taxes to be recognized as a subsequent event in the quarter ended September 30, 2015. The decision to impair the asset was based on the Company's beliefs that the ISI software had not achieved and would not be able to achieve the Company's expected implementation targets and that the Company was unable to renegotiate the terms of its agreement with ISI. The Company believes that it will need to make future cash expenditures to replace its legacy system but it is unable to estimate the amount at this time. While the Company's legacy system continues to support the Company's existing operations, the Company believes it would realize more competitive parity with respect to product and service by switching to a more contemporary platform.
UNAM: 11.58 (+0.32)
Unico American Corporation Reports Relocation of Headquarters
BusinessWire - Thu Sep 17, 12:34PM CDT
Unico American Corporation (NASDAQ: UNAM) ("Unico," the "Company", announced today plans to relocate all operations and headquarters.
UNAM: 11.58 (+0.32)
Unico American Corporation Reports Second Quarter 2015 Financial Results
BusinessWire - Thu Aug 13, 1:30PM CDT
Unico American Corporation (NASDAQ: UNAM) ("Unico," the "Company", announced today its consolidated financial results for the three and six months ended June 30, 2015. For the three months ended June 30, 2015, revenues were $8.3 million and net income was $0.1 million ($0.02 diluted income per share) compared with revenues of $7.6 million and net income of $0.3 million ($0.05 diluted income per share) for the three months ended June 30, 2014. For the six months ended June 30, 2015, revenues were $16.1 million and net loss was $0.3 million ($0.05 diluted loss per share) compared with revenues of $15.1 million and net income of $0.9 million ($0.16 diluted income per share) for the six months ended June 30, 2014.
UNAM: 11.58 (+0.32)
Nasdaq stocks posting largest volume increases
AP - Fri Apr 17, 5:13PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
UNAM: 11.58 (+0.32), SPPR: 2.67 (-0.01), IDSA: 1.64 (unch), AKBA: 8.80 (+0.70), IPDN: 0.48 (+0.02), LCUT: 14.75 (+0.40), ATHX: 2.29 (+0.05), CZFC: 14.60 (unch), TORM: 4.59 (+0.04)
Unico American Corporation Reports Departure of Director and Amended and Restated Employee Agreement with Executive
BusinessWire - Thu Mar 19, 5:00PM CDT
Unico American Corporation (NASDAQ - "UNAM" ("Unico," the "Company", announced today that:
UNAM: 11.58 (+0.32)
A.M. Best Affirms Ratings of Crusader Insurance Company and Unico American Corporation
BusinessWire - Tue Nov 11, 2:26PM CST
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of "a-" of Crusader Insurance Company (Crusader). Additionally, A.M. Best has affirmed the ICR of "bbb-" of Crusader's parent company, Unico American Corporation (Unico) [NASDAQ:UNAM]. The outlook for all ratings is stable. Both companies are domiciled in Woodland Hills, CA.
UNAM: 11.58 (+0.32)
Unico American Corporation Reports First Quarter 2016 Financial Results
BusinessWire - Wed May 11, 2:30PM CDT
Unico American Corporation (NASDAQ - "UNAM"
("Unico," the "Company", announced today its consolidated financial results for the three months ended March 31, 2016. For the three months ended March 31, 2016, revenues were $8.5 million and net loss was $0.2 million ($0.04 diluted loss per share) compared with revenues of $7.8 million and net loss of $0.4 million ($0.07 diluted loss per share) for the three months ended March 31, 2015. UNAM: 11.58 (+0.32)
Unico American Corporation Announces Review of Strategic Alternatives
BusinessWire - Mon Apr 04, 7:30AM CDT
Unico American Corporation (NASDAQ: UNAM) ("Unico" or the "Company"
today announced its Board of Directors has authorized a review of strategic alternatives for the Company aimed at enhancing shareholder value. The Board of Directors has established a Special Committee consisting entirely of independent directors to oversee the review of strategic alternatives and potential opportunities. Willis Capital Markets & Advisory has been retained as exclusive financial advisor to the Special Committee. No assurance can be given as to whether, when or on what terms any possible transaction might occur. The Company does not intend to make any further statements regarding this process unless and until a definitive agreement has been reached, or until the process of exploring strategic alternatives has ended. UNAM: 11.58 (+0.32)
Unico American Corporation Reports Fourth Quarter and Full Year 2015 Financial Results
BusinessWire - Fri Mar 25, 3:38PM CDT
Unico American Corporation (NASDAQ: UNAM) ("Unico," the "Company"
, announced today its consolidated financial results for the three and twelve months ended December 31, 2015. For the three months ended December 31, 2015, revenues were $8.7 million and net loss was $0.2 million ($0.05 diluted loss per share) compared with revenues of $7.6 million and net loss of $0.05 million ($0.01 diluted loss per share) for the three months ended December 31, 2014. For the twelve months ended December 31, 2015, revenues were $33.3 million and net loss was $1.2 million ($0.22 diluted loss per share) compared with revenue of $30.5 million and net income of $0.8 million ($0.16 diluted income per share) for the twelve months ended December 31, 2014. UNAM: 11.58 (+0.32)
Unico American Corporation Reports Third Quarter 2015 Financial Results
BusinessWire - Fri Nov 06, 8:00AM CST
Unico American Corporation (NASDAQ: UNAM) ("Unico," the "Company"
, announced today its consolidated financial results for the three and nine months ended September 30, 2015. For the three months ended September 30, 2015, revenues were $8.5 million and net loss was $0.7 million ($0.12 diluted loss per share) compared with revenues of $7.8 million and net income of $0.03 million ($0.01 diluted earnings per share) for the three months ended September 30, 2014. For the nine months ended September 30, 2015, revenues were $24.6 million and net loss was $0.9 million ($0.17 diluted loss per share) compared with revenues of $22.8 million and net income of $0.9 million ($0.17 diluted earnings per share) for the nine months ended September 30, 2014. UNAM: 11.58 (+0.32)
Unico American Corporation Announces Asset Impairment and Filing of Related Lawsuit
BusinessWire - Thu Oct 15, 8:00AM CDT
Unico American Corporation (NASDAQ - UNAM) ("Unico," the "Company"
, announced that on October 9, 2015, the Company concluded that a charge for impairment of the Company's capitalized computer software costs, related to a contract entered into on November 1, 2012, was required under U.S. generally accepted accounting principles. The capitalized costs included $1,287,460 of paid and $223,442 of accrued unpaid invoices from the software vendor, Insurance Systems, Inc. ("ISI". The capitalized costs included licensing, configuration and customization activities, coding, testing, and installation of a new policy administration system. The impact of this impairment to the Company's consolidated statements of operations is expected to be a charge of $1,287,460 before income taxes to be recognized as a subsequent event in the quarter ended September 30, 2015. The decision to impair the asset was based on the Company's beliefs that the ISI software had not achieved and would not be able to achieve the Company's expected implementation targets and that the Company was unable to renegotiate the terms of its agreement with ISI. The Company believes that it will need to make future cash expenditures to replace its legacy system but it is unable to estimate the amount at this time. While the Company's legacy system continues to support the Company's existing operations, the Company believes it would realize more competitive parity with respect to product and service by switching to a more contemporary platform. UNAM: 11.58 (+0.32)
Unico American Corporation Reports Relocation of Headquarters
BusinessWire - Thu Sep 17, 12:34PM CDT
Unico American Corporation (NASDAQ: UNAM) ("Unico," the "Company"
, announced today plans to relocate all operations and headquarters. UNAM: 11.58 (+0.32)
Unico American Corporation Reports Second Quarter 2015 Financial Results
BusinessWire - Thu Aug 13, 1:30PM CDT
Unico American Corporation (NASDAQ: UNAM) ("Unico," the "Company"
, announced today its consolidated financial results for the three and six months ended June 30, 2015. For the three months ended June 30, 2015, revenues were $8.3 million and net income was $0.1 million ($0.02 diluted income per share) compared with revenues of $7.6 million and net income of $0.3 million ($0.05 diluted income per share) for the three months ended June 30, 2014. For the six months ended June 30, 2015, revenues were $16.1 million and net loss was $0.3 million ($0.05 diluted loss per share) compared with revenues of $15.1 million and net income of $0.9 million ($0.16 diluted income per share) for the six months ended June 30, 2014. UNAM: 11.58 (+0.32)
Nasdaq stocks posting largest volume increases
AP - Fri Apr 17, 5:13PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
UNAM: 11.58 (+0.32), SPPR: 2.67 (-0.01), IDSA: 1.64 (unch), AKBA: 8.80 (+0.70), IPDN: 0.48 (+0.02), LCUT: 14.75 (+0.40), ATHX: 2.29 (+0.05), CZFC: 14.60 (unch), TORM: 4.59 (+0.04)
Unico American Corporation Reports Departure of Director and Amended and Restated Employee Agreement with Executive
BusinessWire - Thu Mar 19, 5:00PM CDT
Unico American Corporation (NASDAQ - "UNAM"
("Unico," the "Company", announced today that: UNAM: 11.58 (+0.32)
A.M. Best Affirms Ratings of Crusader Insurance Company and Unico American Corporation
BusinessWire - Tue Nov 11, 2:26PM CST
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of "a-" of Crusader Insurance Company (Crusader). Additionally, A.M. Best has affirmed the ICR of "bbb-" of Crusader's parent company, Unico American Corporation (Unico) [NASDAQ:UNAM]. The outlook for all ratings is stable. Both companies are domiciled in Woodland Hills, CA.
UNAM: 11.58 (+0.32)
