Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

GX Acquisition

Nasdaq:GXGX
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GXGX
Nasdaq
$84M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

GX Acquisition Corp. does not have significant operations. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
GXGX Share Price and Events
7 Day Returns
3.1%
NasdaqCM:GXGX
12.4%
US Capital Markets
9.9%
US Market
1 Year Returns
-
NasdaqCM:GXGX
-11.3%
US Capital Markets
-11.9%
US Market
GXGX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GX Acquisition (GXGX) 3.1% -3.2% - - - -
US Capital Markets 12.4% -17.6% -23.7% -11.3% 0.1% 20.2%
US Market 9.9% -15% -21.5% -11.9% 5.1% 18.1%
1 Year Return vs Industry and Market
  • No trading data on GXGX.
  • No trading data on GXGX.

GXGX Value

 Is GX Acquisition undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GX Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GX Acquisition.

NasdaqCM:GXGX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.33 * 50%
$0.17
Book Value of Equity per Share Median Book Value from the past 5 years. $0.33
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:GXGX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.754 (1 + (1- 21%) (0%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.835 * 5.44%)
6.28%

Discounted Cash Flow Calculation for NasdaqCM:GXGX using Excess Returns Model Model

The calculations below outline how an intrinsic value for GX Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:GXGX Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (50% – 6.28%) * $0.33)
$0.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.15 / (6.28% - 1.74%)
$3.21
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.33 + $3.21
$3.54
NasdaqCM:GXGX Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.54
Current discount Discount to share price of $9.72
= -1 x ($9.72 - $3.54) / $3.54
-174.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of GX Acquisition is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GX Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GX Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:GXGX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.03
NasdaqCM:GXGX Share Price ** NasdaqCM (2020-03-26) in USD $9.72
United States of America Capital Markets Industry PE Ratio Median Figure of 92 Publicly-Listed Capital Markets Companies 33.16x
United States of America Market PE Ratio Median Figure of 2,945 Publicly-Listed Companies 12.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GX Acquisition.

NasdaqCM:GXGX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:GXGX Share Price ÷ EPS (both in USD)

= 9.72 ÷ -0.03

-358.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GX Acquisition is loss making, we can't compare its value to the US Capital Markets industry average.
  • GX Acquisition is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does GX Acquisition's expected growth come at a high price?
Raw Data
NasdaqCM:GXGX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -358.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 1.94x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for GX Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GX Acquisition's assets?
Raw Data
NasdaqCM:GXGX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.66
NasdaqCM:GXGX Share Price * NasdaqCM (2020-03-26) in USD $9.72
United States of America Capital Markets Industry PB Ratio Median Figure of 170 Publicly-Listed Capital Markets Companies 7.11x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.26x
NasdaqCM:GXGX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:GXGX Share Price ÷ Book Value per Share (both in USD)

= 9.72 ÷ 0.66

14.64x

* Primary Listing of GX Acquisition.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GX Acquisition is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess GX Acquisition's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. GX Acquisition has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GXGX Future Performance

 How is GX Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GX Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GX Acquisition expected to grow at an attractive rate?
  • Unable to compare GX Acquisition's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare GX Acquisition's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare GX Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:GXGX Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:GXGX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:GXGX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 -1 0
2018-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if GX Acquisition is high growth as no earnings estimate data is available.
  • Unable to determine if GX Acquisition is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:GXGX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from GX Acquisition Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:GXGX Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.03
2018-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if GX Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. GX Acquisition's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  2. GX Acquisition's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess GX Acquisition's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GX Acquisition has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GXGX Past Performance

  How has GX Acquisition performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GX Acquisition's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GX Acquisition does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare GX Acquisition's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GX Acquisition's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
GX Acquisition's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GX Acquisition Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:GXGX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 -0.22
2018-12-31 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst GX Acquisition made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • It is difficult to establish if GX Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if GX Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess GX Acquisition's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GX Acquisition has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GXGX Health

 How is GX Acquisition's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GX Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GX Acquisition is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GX Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GX Acquisition's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • GX Acquisition has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GX Acquisition Company Filings, last reported 2 months ago.

NasdaqCM:GXGX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5.00 0.00 0.92
2018-12-31 0.02 0.15 0.02
  • GX Acquisition has no debt.
  • GX Acquisition currently has no debt however we can't compare to 5 years ago as we have no data for that period.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • GX Acquisition has less than a year of cash runway based on current free cash flow.
  • GX Acquisition has less than a year of cash runway if free cash flow continues to grow at historical rates of 199.5% each year.
X
Financial health checks
We assess GX Acquisition's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GX Acquisition has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GXGX Dividends

 What is GX Acquisition's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from GX Acquisition dividends.
If you bought $2,000 of GX Acquisition shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate GX Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GX Acquisition's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:GXGX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as GX Acquisition has not reported any payouts.
  • Unable to verify if GX Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GX Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GX Acquisition has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GX Acquisition's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GX Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GX Acquisition has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GXGX Management

 What is the CEO of GX Acquisition's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jay Bloom
AGE 63
CEO Bio

Mr. Jay R. Bloom J.D. is a Co-Founder and Managing Partner of Trimaran Capital Partners. He serves as a Co-Portfolio Manager of Trian Credit Partners. He serves as the Co-Chairman of the Board and Chief Executive Officer at GX Acquisition Corp. Mr. Bloom serves as a Vice President at EPL Intermediate, Inc. Mr. Bloom serves as Manager of Norcraft GP L.L.C. He is the General partner of Norcraft Holdings LP. He is a Member of the Executive Board of CIBC. Mr. Bloom served as Co-President and Co-Chief Investment Officer of Trian Capital Corporation. He served as a Principal of Trimaran Advisors, L.L.C. Mr. Bloom served as Co-Head of the CIBC Argosy Merchant Banking Funds. Prior to joining CIBC World Markets Corp. in 1995, Mr. Bloom Founded and served as Managing Director at The Argosy Group L.P. Prior to this, he served as a Managing Director at Drexel Burnham Lambert Incorporated. Prior to that, he worked with Lehman Brothers Kuhn Loeb Incorporated. In addition, Mr. Bloom practiced law at Paul Weiss Rifkind Wharton & Garrison. He served as a Company Secretary of EPL Intermediate, Inc. He served as a Manager of Norcross Safety Products L.L.C. from December 2001 to July 19, 2005. Previously, he served as the Vice Chairman of CIBC World Markets Corp. He has been Director of Norcraft GP, L.L.C., the General Partner of Norcraft Companies, L.P. since October 21, 2003. Additionally, Mr. Bloom serves as a Member of the Board of Directors of Brite Media, Level 3 GC Limited, Norcraft Companies, L.P., Educational Services of America, Inc.; PrimeCo Wireless Communications LLC; JAC Holdings International Inc.; Heating Oil Partners L.P.; Standard Steel, L.L.C.; Millennium Digital Media, L.L.C.; Johnstown America Corp; El Pollo Loco, Inc.; and Fortunoff. He serves as a Director of Global Crossing Ltd. Mr. Bloom has been a Director of EPL Intermediate, Inc., since December 2007 and Lancer Industries, Inc. since October 1999. He is also a Member of the Cornell University Council and Cornell University Undergraduate Business Program Advisory Council. Mr. Bloom is a Member of the Johnson Graduate School of Management Advisory Council. He served as Non-Independent Director of KCAP Financial, Inc. since February 2012 until December 1, 2014. Mr. Bloom served as a Director at Transportation Technologies Industries, Inc., since March 2000. He served as Director of Trian Capital Corporation. He served as a Member of the Board of Directors of Accuride Corp. from February 2005 to December 16, 2005. Mr. Bloom served as a Member of the Board of Directors of FreightCar America Inc. from February 2001 to November 16, 2005. Mr. Bloom served as a Member of the Board of Directors of IASIS Healthcare Corp, since October 1999. Mr. Bloom was a Member of the Board of Editors of the Columbia Law Review. He holds a J.D. from Columbia University School of Law, an M.B.A. degree and a B.S. degree from Cornell University, graduating summa cum laude

CEO Compensation
  • Insufficient data for Jay to compare compensation growth.
  • Insufficient data for Jay to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Jay Bloom

TITLE
Co-Chairman & CEO
AGE
63

Dean Kehler

TITLE
Co-Chairman & CEO
AGE
62

Andrea Kellett

TITLE
Chief Financial Officer
AGE
62

Michael Maselli

TITLE
Vice President of Acquisitions
AGE
59
Board of Directors

Jay Bloom

TITLE
Co-Chairman & CEO
AGE
63

Dean Kehler

TITLE
Co-Chairman & CEO
AGE
62

Hillel Weinberger

TITLE
Independent Director
AGE
65

Marc Mazur

TITLE
Independent Director
AGE
60

Paul Levy

TITLE
Independent Director
AGE
72
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess GX Acquisition's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GX Acquisition has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GXGX News

Simply Wall St News

GXGX Company Info

Description

GX Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in New York, New York.

Details
Name: GX Acquisition Corp.
GXGX
Exchange: NasdaqCM
Founded: 2018
$84,117,045
8,654,017
Website: http://
Address: GX Acquisition Corp.
1325 Avenue of the Americas,
25th Floor,
New York,
New York, 10019,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM GXGX Class A Common Stock Nasdaq Capital Market US USD 15. Jul 2019
NasdaqCM GXGX.U Units Nasdaq Capital Market US USD 21. May 2019
Number of employees
Current staff
Staff numbers
0
GX Acquisition employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 03:45
End of day share price update: 2020/03/26 00:00
Last earnings filing: 2020/03/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.