iPass Inc. (IPAS) Financial Statements (2025 and earlier)
Company Profile
Business Address |
3800 BRIDGE PARKWAY REDWOOD SHORES, CA 94065 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 5,159 | 16,072 | 20,294 | 33,814 | 24,017 | 26,822 | |||
Cash and cash equivalents | 5,159 | 16,072 | 20,294 | 33,814 | 24,017 | 26,822 | |||
Receivables | 8,717 | 12,361 | 9,746 | 10,063 | 15,297 | 17,260 | |||
Prepaid expense | 1,641 | 1,344 | 2,762 | ✕ | |||||
Other current assets | 712 | 225 | 342 | ✕ | |||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,058 | ||
Other undisclosed current assets | 4,318 | 4,329 | |||||||
Total current assets: | 16,229 | 30,002 | 33,144 | 48,195 | 43,643 | 49,140 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 1,334 | 2,485 | 4,009 | 6,213 | 8,442 | 6,549 | |||
Prepaid expense | 55 | ✕ | |||||||
Deposits noncurrent assets | 563 | 808 | 854 | ||||||
Restricted cash and investments | 150 | 250 | 970 | ||||||
Other noncurrent assets | 840 | 688 | 690 | 847 | 2,831 | ✕ | |||
Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,671 | ||
Other undisclosed noncurrent assets | (713) | (1,113) | (2,060) | ||||||
Total noncurrent assets: | 2,174 | 3,173 | 4,699 | 7,060 | 11,273 | 10,984 | |||
TOTAL ASSETS: | 18,403 | 33,175 | 37,843 | 55,255 | 54,916 | 60,124 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 12,778 | 10,943 | 11,647 | 17,832 | 21,873 | 19,757 | |||
Taxes payable | 1,300 | 1,044 | 1,080 | ||||||
Employee-related liabilities | 2,043 | 2,395 | 2,550 | ||||||
Accounts payable | 9,044 | 7,069 | 6,291 | 7,301 | 9,334 | 7,496 | |||
Accrued liabilities | 3,734 | 3,874 | 5,356 | 7,188 | 9,100 | 8,631 | |||
Restructuring reserve | 160 | ✕ | ✕ | ||||||
Liability for uncertainty in income taxes | 900 | 800 | |||||||
Deferred revenue and credits | ✕ | 3,723 | 2,412 | 2,321 | 437 | 3,212 | 3,787 | ||
Other undisclosed current liabilities | (4,403) | (4,239) | (3,630) | ||||||
Total current liabilities: | 16,501 | 13,355 | 13,968 | 14,926 | 21,646 | 19,914 | |||
Noncurrent Liabilities | |||||||||
Liabilities, other than long-term debt | 1,111 | 1,190 | 1,274 | 994 | 2,442 | 3,309 | |||
Deferred revenue and credits | ✕ | 102 | 67 | 231 | 115 | 2,191 | 2,834 | ||
Other liabilities | 1,009 | 1,123 | 1,043 | 879 | 251 | 475 | |||
Other undisclosed noncurrent liabilities | 854 | 1,586 | |||||||
Total noncurrent liabilities: | 1,111 | 1,190 | 1,274 | 1,848 | 4,028 | 3,309 | |||
Total liabilities: | 17,612 | 14,545 | 15,242 | 16,774 | 25,674 | 23,223 | |||
Equity | |||||||||
Equity, attributable to parent | 791 | 18,630 | 22,601 | 38,481 | 29,242 | 36,901 | |||
Common stock | 71 | 68 | 65 | 65 | 65 | 61 | |||
Additional paid in capital | 226,490 | 223,777 | 219,981 | 220,368 | 218,103 | 213,454 | |||
Accumulated deficit | (225,770) | (205,215) | (197,445) | (181,952) | (188,926) | (176,614) | |||
Total equity: | 791 | 18,630 | 22,601 | 38,481 | 29,242 | 36,901 | |||
TOTAL LIABILITIES AND EQUITY: | 18,403 | 33,175 | 37,843 | 55,255 | 54,916 | 60,124 |
Income Statement (P&L) ($ in thousands)
9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|---|---|
Revenues (Revenue, Net) | 54,401 | 63,222 | 62,564 | 69,804 | 111,115 | 126,078 | ||
Cost of revenue | (44,573) | (40,550) | (38,170) | (67,896) | (49,490) | (53,640) | ||
Cost of goods and services sold | (38,548) | (33,150) | (28,472) | (29,608) | (49,490) | (53,640) | ||
Policyholder dividends, expense | 40,000 | |||||||
Gross profit: | 9,828 | 22,672 | 24,394 | 1,908 | 61,625 | 72,438 | ||
Operating expenses | (29,890) | (30,021) | (39,305) | (21,357) | (121,700) | (129,400) | ||
Other undisclosed operating income | 48,875 | 53,483 | ||||||
Operating loss: | (20,062) | (7,349) | (14,911) | (19,449) | (11,200) | (3,479) | ||
Nonoperating income (expense) | 12 | (234) | (134) | 329 | (18) | 12 | ||
Investment income, nonoperating | (119) | (18) | 19 | |||||
Loss, foreign currency transaction, before tax | (378) | (234) | (87) | (67) | (507) | (288) | ||
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (311) | 36 | (141) | (186) | (525) | (269) | ||
Loss from continuing operations before income taxes: | (20,361) | (7,547) | (15,186) | (19,306) | (11,743) | (3,736) | ||
Income tax expense (benefit) | (194) | (223) | (307) | 7,101 | (569) | (642) | ||
Loss from continuing operations: | (20,555) | (7,770) | (15,493) | (12,205) | (12,312) | (4,378) | ||
Loss before gain (loss) on sale of properties: | (20,555) | (7,770) | (15,493) | (12,405) | (12,312) | (4,378) | ||
Loss from discontinued operations | (200) | |||||||
Net loss: | (20,555) | (7,770) | (15,493) | (12,405) | (12,312) | (4,378) | ||
Other undisclosed net income attributable to parent | 19,379 | |||||||
Net income (loss) available to common stockholders, diluted: | (20,555) | (7,770) | (15,493) | 6,974 | (12,312) | (4,378) |
Comprehensive Income ($ in thousands)
9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|---|---|
Net loss: | (20,555) | (7,770) | (15,493) | (12,405) | (12,312) | (4,378) | ||
Comprehensive loss: | (20,555) | (7,770) | (15,493) | (12,405) | (12,312) | (4,378) | ||
Other undisclosed comprehensive income, net of tax, attributable to parent | 19,379 | |||||||
Comprehensive income (loss), net of tax, attributable to parent: | (20,555) | (7,770) | (15,493) | 6,974 | (12,312) | (4,378) |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.