Private company

Andover National Corp

Andover National Corp is an American business services company, incorporated in Delaware.¹ It is headquartered in Miami, Florida.¹

Last updated Oct 21, 2026.

Overview

$18.7MRevenue, fiscal 2021²

-$8.3MNet income, fiscal 2021²

IndustryServices-Business Services, NEC¹
HeadquartersMiami, Florida¹
Incorporated inDE³
Business address333 Avenue Of The Americas, Suite 2000, Miami, Fl 33131³
Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company³

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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 2021

-63.8%Operating margin²

-44.5%Net margin²

142.6%Revenue growth, 2021²

-34.7%Return on equity²

0.08×Debt to equity²

-$3.6MFree cash flow²

Where the money goes

Where each dollar of revenue went, fiscal 2021

Cost of revenueOther costs

Cost of revenue64¢$11.9M
Other costs36¢$6.6M
Interest1¢$112.9K

Out of $18.7M in revenue.² The company lost money this year.

Financial statements

Revenue⁴⁵²$18.7M in 2021+46822% since 2017

Operating income⁴⁵²-$11.9M in 2021+19811% since 2017

Net income⁴⁵²-$8.3M in 2021+9677% since 2017

Fiscal year	2017	2018	2020	2021
Revenue	$39.8K⁴	$2.2M⁵	$7.7M²	$18.7M²
Cost of revenue		$1.2M⁵	$5.0M²	$11.9M²
Operating income	-$59.9K⁴	$433.9K⁵	-$3.3M²	-$11.9M²
Interest	$25.1K⁴	$1.1K⁵	$7.2K²	$112.9K²
Income tax			$0⁶
Net income	-$85.0K⁴	$432.8K⁵	-$3.2M²	-$8.3M²
Earnings per share			-$1.62²	-$2.33²
Earnings per share (diluted)			-$1.62²	-$2.33²
Shares (weighted, basic)				3.6M shares²
Shares (weighted, diluted)				3.6M shares²

Total assets⁴⁵⁶²$35.1M in 2021+212175% since 2017

Total liabilities⁴⁵⁶²$6.4M in 2021+1526% since 2017

Shareholders’ equity⁴⁵⁶²$23.9M in 2021

Cash⁴⁵⁶²$19.0M in 2021+13736333% since 2016

Long-term debt²$1.9M in 2021+150% since 2020

Fiscal year	2016	2017	2018	2019	2020	2021
Cash	$138⁴	$534.6K⁵	$899.7K⁵	$11.4M⁶	$14.3M²	$19.0M²
Receivables						$1.6M²
Inventory						$341.0K²
Current assets		$16.5K⁴	$1.0M⁵	$11.6M⁶	$14.8M²	$22.8M²
Property, plant and equipment						$3.5M²
Goodwill						$3.7M²
Intangible assets						$4.6M²
Total assets		$16.5K⁴	$1.3M⁵	$18.3M⁶	$29.1M²	$35.1M²
Accounts payable						$1.3M²
Current liabilities		$394.3K⁴	$70.5K⁵	$830.6K⁶	$2.7M²	$3.9M²
Long-term debt					$753.5K²	$1.9M²
Long-term liabilities						$2.5M²
Total liabilities		$394.3K⁴	$70.5K⁵	$1.3M⁶	$4.0M²	$6.4M²
Retained earnings						-$14.9M²
Shareholders’ equity	-$319.7K⁴	$841.6K⁵	$1.2M⁶	$14.2M⁶	$19.1M²	$23.9M²
Shares outstanding				600 shares⁵	600 shares⁶

Cash from operations⁴⁵²-$3.1M in 2021+7368% since 2017

Capital spending⁵²$508.5K in 2021+589% since 2018

Free cash flow⁵²-$3.6M in 2021

Fiscal year	2017	2018	2020	2021
Cash from operations	-$41.3K⁴	$481.6K⁵	-$1.3M²	-$3.1M²
Depreciation and amortization				$1.8M²
Stock-based compensation				$1.1M²
Capital spending		$73.8K⁵	$996.8K²	$508.5K²
Free cash flow		$407.9K	-$2.3M	-$3.6M
Cash from investing				-$2.9M²
Cash from financing				$10.6M²

Compare Andover National Corp with another company

What it owns

What Andover National Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$4.7M² Dec 31, 2021	$2.6M² Dec 31, 2020	+83.3%
Accumulated depreciation	$1.3M² Dec 31, 2021	$435.9K² Dec 31, 2020	+187.7%
Property and equipment, net	$3.5M² Dec 31, 2021	$2.1M² Dec 31, 2020	+62.2%
Operating-lease assets (leased space)	$549.7K² Dec 31, 2021	$200.0K² Jan 20, 2021	+174.9%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$19.0M² Dec 31, 2021	$14.3M² Dec 31, 2020	+32.5%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$3.7M² Dec 31, 2021	$7.9M² Dec 31, 2020	−52.8%
Intangible assets, net (excluding goodwill)	$4.6M² Dec 31, 2021	$4.0M² Dec 31, 2020	+15.1%
Finite-lived intangibles, gross	$6.6M² Dec 31, 2021	$4.8M² Dec 31, 2020	+37.2%
Accumulated amortization	$1.8M² Dec 31, 2021	$817.3K² Dec 31, 2020	+121.3%
Finite-lived intangibles, net	$4.6M² Dec 31, 2021	$4.0M² Dec 31, 2020	+15.1%

Inventory

Item	Latest	A year before	Change
Inventory, total	$341.0K² Dec 31, 2021

Leadership

Who has led Andover National Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

20202025

Chief executive officerPeter A. Cohen Nov 26, 2019 to Nov 23, 2021⁷
Chief executive officerDaniel E. Schmerin Oct 5, 2018 to Sep 5, 2019⁸
PresidentJeffrey Charles Piermont Oct 5, 2018 to Nov 2, 2021⁹
Chief financial officerMilun Patel Nov 26, 2019 to Oct 5, 2021¹⁰
Chief operating officerJeffrey Charles Piermont Oct 5, 2018 to Nov 2, 2021⁹

Board members and other officers (6)

Board memberJoshua S. Pechter Feb 3, 2021 to Oct 5, 2021¹¹
Board memberWilliam Mitchell Greenblatt Feb 3, 2021 to Oct 5, 2021¹²
Board memberRehana Farrell Feb 25, 2019 to Oct 5, 2021¹³
Board memberPeter A. Cohen Sep 5, 2019 to Nov 23, 2021¹⁴
Board memberDaniel E. Schmerin Oct 5, 2018 to Sep 5, 2019⁸
Board memberJeffrey Charles Piermont Oct 5, 2018 to Nov 2, 2021⁹

Former names

Edgar Express, Inc.Jul 21, 2017 to Feb 1, 2019³

Timeline

Nov 23, 20218-K Regulation FD disclosure¹⁵
Nov 1, 20218-K Executive or director change¹⁶
Oct 19, 20218-K Regulation FD disclosure¹⁷
Oct 5, 20218-K Executive or director change¹⁸
Nov 26, 2019New chief executive Peter A. Cohen becomes CEO⁷
Oct 5, 2018New chief executive Daniel E. Schmerin becomes CEO⁸

Filings

22 filings to the SEC since October 2021: 1 annual reports, 1 quarterly reports, 4 major events, 11 insider forms, 5 other. The latest 20:

The 22 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Nov 23, 2021	COHEN PETER AChief Executive Officer	Sale	20,299	$11.00	$223.3K	Form 4

From Forms 4 filed with the SEC.

SEC filer profile

How Andover National Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARAndover National Corp¹
CIK0001712543
Employer ID (EIN)83-2216345¹
Filer statusNon-accelerated filer<br>smaller reporting company<br>emerging growth company¹
Incorporated inDelaware¹
Fiscal year endsDecember 31¹
Industry code (SIC)7389 Services-Business Services, NEC¹
SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance¹
Business address333 Avenue Of The Americas, Suite 2000, Miami, FL 33131¹
Phone(786) 871-3333¹
Public float$0 as of Jun 30, 2020²
On EDGAR sinceJul 21, 2017¹
Filings144 in all: 4 (37), 8-K (36), 10-Q (12), 3 (9), SC 13D (8), 10-K (5), SC 13D/A (5), 10-K/A (3)¹
All 27 form types
8-K/A (3), D (3), 40-17F2 (2), CORRESP (2), NT 10-K (2), S-1/A (2), S-8 (2), S-8 POS (2), 15-12G (1), 4/A (1), 8-A12G (1), 8-A12G/A (1), D/A (1), DEF 14C (1), EFFECT (1), NT 10-Q (1), PRE 14C (1), S-1 (1), UPLOAD (1)
Latest filingsAnnual report (10-K) May 25, 2022
Quarterly report (10-Q) Nov 22, 2021
Latest 8-K (8-K) Nov 23, 2021

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARAndover National Corp filings on SEC EDGAR
2
SEC EDGARAndover National Corp 10-K for fiscal 2021
3
SEC EDGARAndover National Corp filings on SEC EDGAR
4
SEC EDGARAndover National Corp 10-K for fiscal 2017
5
SEC EDGARAndover National Corp 10-K for fiscal 2018
6
SEC EDGARAndover National Corp 10-K for fiscal 2020
7
SEC EDGARPeter A. Cohen, Chief executive officer
8
SEC EDGARDaniel E. Schmerin, Chief executive officer
9
SEC EDGARJeffrey Charles Piermont, President
10
SEC EDGARMilun Patel, Chief financial officer
11
SEC EDGARJoshua S. Pechter, Board member
12
SEC EDGARWilliam Mitchell Greenblatt, Board member
13
SEC EDGARRehana Farrell, Board member
14
SEC EDGARPeter A. Cohen, Board member
15
SEC EDGARRegulation FD disclosure
16
SEC EDGARExecutive or director change
17
SEC EDGARRegulation FD disclosure
18
SEC EDGARExecutive or director change