Veritec, Inc.
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Company Profile
Corporation
Independent
Website
Address
2445 Winnetka Ave N Ste 201
Golden Valley
, MN,
55427-3597
United States
Phone
(763) 253-2670
Company Description
Veritec, Inc. is located in Golden Valley, MN, United States and is part of the Software Publishers Industry. Veritec, Inc. has 3 total employees across all of its locations and generates $438,000 in sales (USD).
Key Principal
Van Thuy Tran
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Industry
Software Publishers
Publishing Industries (except Internet)
Information
Application computer software
Financial Statements
Financial data as of June 30, 2020 (12 month period) in USD
Annual Revenue 2020
$438,000 USD
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All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Net Operating Cash | -$0.38 | -$0.45 | -$0.51 |
| Net Investing Cash | $ | $ | $ |
| Net Financing Cash | $0.52 | $0.4 | $0.6 |
| Net Change in Cash | $0.14 | -$0.05 | $0.09 |
| Cash at Beginning of Period | $0.09 | $0.14 | $0.05 |
| Cash at End of Period | $0.23 | $0.09 | $0.14 |
| Capital Expenditure | $ | $ | $ |
| Assets (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $0.23 | $0.09 | $0.14 |
| Accounts Receivable | $0.01 | $0.01 | $0.01 |
| Inventories | $ | $ | $ |
| Other Current Assets | $0.01 | $ | $0.01 |
| Asset Summary | |||
| TOTAL CURRENT ASSETS | $0.24 | $0.1 | $0.15 |
| Tangible Fixed Assets | $ | $ | $ |
| Intangible Assets | $ | $ | $ |
| Total Assets | $0.24 | $0.1 | $0.15 |
| Liabilities (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $0.79 | $0.82 | $0.77 |
| Short-Term Debt | $4.99 | $4.3 | $3.6 |
| Other Current Liabilities | $0.16 | $0.13 | $0.09 |
| Liability Summary | |||
| Total Current Liabilities | $5.94 | $5.25 | $4.46 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $0.15 | $0.15 | $0.15 |
| Total Liabilities | $6.09 | $5.4 | $4.61 |
| Stakeholder's Equity (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0.4 | $0.4 | $0.4 |
| Retained Earnings | -$24.39 | -$23.82 | -$22.97 |
| Equity Summary | |||
| Total Equity | -$5.85 | -$5.3 | -$4.46 |
| Shares Outstanding | 39,738,007 | 39,538,007 | 39,538,007 |
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Company Snapshot
Essential information for a successful call
-
EMPLOYEES (All Sites)
3
- ASSETS (MIL USD) 0
-
REVENUE (USD)
438,000
- TICKER SYMBOL VRTC
- Year Started 1982
- Incorporated 1982
- FISCAL YEAR END JUN
- SALES GROWTH % 42.67%
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Get in Touch with 1 Principals* and 3 Contacts
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-
Van Thuy TranChairman of the Board and Treasurer and Chief Executive Officer
-
Joe SunSoftware Engineer
-
Laird PowersIndependent Director
-
Steve HandyIndependent Director
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