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 5,15916,07220,29433,81424,01726,822
Cash and cash equivalents 5,15916,07220,29433,81424,01726,822
Receivables 8,71712,3619,74610,06315,29717,260
Prepaid expense 1,6411,3442,762  
Other current assets 712225342  
Prepaid expense and other current assets5,058
Other undisclosed current assets    4,3184,329 
Total current assets: 16,22930,00233,14448,19543,64349,140
Noncurrent Assets
Property, plant and equipment 1,3342,4854,0096,2138,4426,549
Prepaid expense     55
Deposits noncurrent assets    563808854
Restricted cash and investments    150250970
Other noncurrent assets 8406886908472,831
Prepaid expense and other noncurrent assets4,671
Other undisclosed noncurrent assets    (713)(1,113)(2,060)
Total noncurrent assets: 2,1743,1734,6997,06011,27310,984
TOTAL ASSETS: 18,40333,17537,84355,25554,91660,124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 12,77810,94311,64717,83221,87319,757
Taxes payable    1,3001,0441,080
Employee-related liabilities    2,0432,3952,550
Accounts payable 9,0447,0696,2917,3019,3347,496
Accrued liabilities 3,7343,8745,3567,1889,1008,631
Restructuring reserve    160
Liability for uncertainty in income taxes    900800 
Deferred revenue and credits3,7232,4122,3214373,2123,787
Other undisclosed current liabilities    (4,403)(4,239)(3,630)
Total current liabilities: 16,50113,35513,96814,92621,64619,914
Noncurrent Liabilities
Liabilities, other than long-term debt 1,1111,1901,2749942,4423,309
Deferred revenue and credits102672311152,1912,834
Other liabilities 1,0091,1231,043879251475
Other undisclosed noncurrent liabilities    8541,586 
Total noncurrent liabilities: 1,1111,1901,2741,8484,0283,309
Total liabilities: 17,61214,54515,24216,77425,67423,223
Equity
Equity, attributable to parent 79118,63022,60138,48129,24236,901
Common stock 716865656561
Additional paid in capital 226,490223,777219,981220,368218,103213,454
Accumulated deficit (225,770)(205,215)(197,445)(181,952)(188,926)(176,614)
Total equity: 79118,63022,60138,48129,24236,901
TOTAL LIABILITIES AND EQUITY: 18,40333,17537,84355,25554,91660,124

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)
 54,40163,22262,56469,804111,115126,078
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: 9,82822,67224,3941,90861,62572,438
Operating expenses (29,890)(30,021)(39,305)(21,357)(121,700)(129,400)
Other undisclosed operating income     48,87553,483
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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: