SNFI on OTC

Stark Novus Financial Inc.

American motor vehicles and passenger car bodies company, listed on OTC (SNFI).

Price unavailable

Last updated Oct 18, 2026.

Overview

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  • TickerSNFI on OTC
  • IndustryMotor Vehicles & Passenger Car Bodies
  • HeadquartersDE
  • Incorporated inDE2
  • Business address1700 Broadway, 19Th Floor, New York, Ny 100192
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-14910.2%Operating margin3
-14660.9%Net margin3
1106.2%Revenue growth, 20233
-2532.0%Return on equity4
-$147.3MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue51¢$91.5M
  • Research and development19¢$33.3M
  • Selling, general and admin30¢$54.4M

Out of $2.3M in revenue.35 The company lost money this year.

Financial statements

Revenue53$2.3M in 2023+1106% since 2022
0$1.0M$2.0M$3.0M2022: $194.0K$194.0K20222023: $2.3M$2.3M2023+1106%
Operating income6753-$348.9M in 2023+56300% since 2019
-$600.0M-$400.0M-$200.0M02019: -$618.6K-$618.6K20192020: -$102.3M-$102.3M2020+16434%2021: -$400.5M-$400.5M2021+292%2022: -$387.3M-$387.3M2022−3%2023: -$348.9M-$348.9M2023−10%
Net income6753-$343.1M in 2023
-$600.0M-$400.0M-$200.0M0$200.0M2019: $3.0M$3.0M20192020: -$124.0M-$124.0M20202021: -$410.4M-$410.4M2021+231%2022: -$282.4M-$282.4M2022−31%2023: -$343.1M-$343.1M2023+21%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Selling, general and administrative expenses$6.8M$12.9M
Legal settlement and litigation benefit, net-$3.0M-$6.0M
Reorganization items$4.0M
Total operating expense, net$3.8M$10.9M
Loss from operations-$3.8M-$10.9M
Other income (expense), net$16.0K-$251.0K
Realized gain on debt securities available for sale$1.3M$257.0K
Investment and interest income$1.8M$2.8M
Loss before income taxes-$619.0K-$8.1M
Net loss-$619.0K-$8.1M
Less accrued preferred stock dividend$2.9M$2.7M
Net loss attributable to common shareholders-$3.5M-$10.8M
Unrealized (loss) gain on debt securities available for sale-$1.1M$666.0K
Total comprehensive loss attributable to common shareholders-$4.6M-$10.2M
Basic-$0.22-$0.67
Diluted-$0.22-$0.67
Basic16.1M shares16.1M shares
Diluted16.1M shares16.1M shares

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Leadership

Who has led Stark Novus Financial Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David T. Hamamoto2019
  2. Edward T. Hightower2022–2024
  3. Alexander C. Matina2026–now

Chair

  1. David T. Hamamoto2019
  2. Angela Strand Boydston2021

President

  1. Phil Richard Schmidt2020–2021
  2. Edward T. Hightower2021–2024

Chief financial officer

  1. Kyriakos Mihalitsis2019
  2. Julio C. Rodriguez2020–2021
  3. Rebecca A. Roof2021
  4. Adam B. Kroll2021–2024

Chief operating officer

  1. John Lafleur2020
  2. Jane Ritson-Parsons2021
20202025
Board members and other officers (30)

Former names

  • NU RIDE INC.Mar 15, 2024 to Jul 7, 20262
  • Lordstown Motors Corp.Sep 17, 2020 to Mar 7, 20242
  • DiamondPeak Holdings Corp.Nov 21, 2018 to Oct 23, 20202

Timeline

  1. Jan 6, 2026New chief executive Alexander C. Matina becomes CEO12
  2. Aug 16, 2022New chief executive Edward T. Hightower becomes CEO13
  3. Feb 27, 2019New chief executive David T. Hamamoto becomes CEO14

Filings

279 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 67 major events, 103 insider forms, 16 large holders, 71 other. The latest 20:

  1. Sep 30, 20268-K/A EDGAR
  2. Sep 16, 2026ARS EDGAR
  3. Sep 16, 2026DEFA14A EDGAR
  4. Sep 16, 2026DEF 14A EDGAR
  5. Sep 1, 20268-K EDGAR
  6. Aug 28, 20264 EDGAR
  7. Aug 27, 20264 EDGAR
  8. Aug 26, 20264 EDGAR
  9. Aug 24, 20268-K EDGAR
  10. Aug 20, 20264 EDGAR
  11. Aug 14, 202610-Q EDGAR
  12. Jul 21, 20268-K EDGAR
  13. Jul 7, 20263 EDGAR
  14. Jun 30, 20268-K EDGAR
  15. Jun 4, 20268-K EDGAR
  16. May 15, 202610-Q EDGAR
  17. Apr 29, 202610-K/A EDGAR
  18. Mar 26, 202610-K EDGAR
  19. Feb 18, 20264 EDGAR
  20. Jan 23, 20268-K EDGAR

The 279 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 16 such filings since October 2021, the latest 10:

  1. Jun 21, 2023SC 13D/A
  2. May 18, 2023SC 13D/A
  3. May 5, 2023SC 13D/A
  4. May 3, 2023SC 13D/A
  5. Apr 6, 2023SC 13G/A
  6. Feb 9, 2023SC 13G/A
  7. Feb 3, 2023SC 13G
  8. Jan 10, 2023SC 13D/A
  9. Nov 17, 2022SC 13D
  10. Nov 17, 2022SC 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Horizon Financial Services, LLC133$2540.0%No change
Huntington National Bank93$1780.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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