Meru Networks Inc (MERU) Financial Statements (2024 and earlier)

Company Profile

Business Address 894 ROSS DRIVE
SUNNYVALE, CA 94089
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3576 - Computer Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 14,88130,93822,855
Cash and cash equivalents 14,88130,93822,855
Receivables 11,89117,08815,040
Inventory, net of allowances, customer advances and progress billings 8,9827,2308,852
Inventory 8,9827,2308,852
Deferred costs   55
Prepaid expense and other current assets829
Other undisclosed current assets 1,502998 
Total current assets: 37,25656,25447,631
Noncurrent Assets
Property, plant and equipment 1,8792,4512,473
Long-term investments and receivables 1,3001,300 
Long-term investments 1,3001,300 
Intangible assets, net (including goodwill) 1,6581,7982,061
Goodwill 1,6581,6581,658
Intangible assets, net (excluding goodwill)  140403
Other noncurrent assets 1,9371,934
Prepaid expense and other noncurrent assets2,024
Other undisclosed noncurrent assets (1,300)(1,300) 
Total noncurrent assets: 5,4746,1836,558
TOTAL ASSETS: 42,73062,43754,189
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 20,82323,62121,127
Taxes payable 531525290
Employee-related liabilities 2,1674,4224,757
Accounts payable 7,9026,1393,027
Accrued liabilities 10,22312,53513,053
Debt 2,8033,7183,197
Deferred revenue and credits 12,78113,73012,183
Other undisclosed current liabilities (2,698)(4,947)(5,047)
Total current liabilities: 33,70936,12231,460
Noncurrent Liabilities
Long-term debt and lease obligation  2,7976,499
Long-term debt, excluding current maturities  2,7976,499
Liabilities, other than long-term debt 6,9247,2636,637
Deferred revenue and credits 6,8865,8766,107
Other liabilities 381,387530
Total noncurrent liabilities: 6,92410,06013,136
Total liabilities: 40,63346,18244,596
Equity
Equity, attributable to parent 2,09716,2559,593
Common stock 12119
Additional paid in capital 289,023282,168262,887
Accumulated other comprehensive loss (688)(553)(298)
Accumulated deficit (286,250)(265,371)(253,005)
Total equity: 2,09716,2559,593
TOTAL LIABILITIES AND EQUITY: 42,73062,43754,189

Income Statement (P&L) ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 90,891105,74797,510
Revenue, net 90,891105,65597,331
Cost of revenue (35,101)(37,455)(35,445)
Cost of goods and services sold (35,101)(37,408)(35,342)
Gross profit: 55,79068,29262,065
Operating expenses (74,868)(78,203)(91,006)
Operating loss: (19,078)(9,911)(28,941)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (40)(2)58
Interest and debt expense (128)  
Other undisclosed loss from continuing operations before equity method investments, income taxes (1,114)(2,010)(1,656)
Loss from continuing operations before income taxes: (20,360)(11,923)(30,539)
Income tax expense (519)(443)(549)
Loss from continuing operations: (20,879)(12,366)(31,088)
Loss before gain (loss) on sale of properties: (20,879)(12,366)(31,088)
Net loss available to common stockholders, diluted: (20,879)(12,366)(31,088)

Comprehensive Income ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net loss: (20,879)(12,366)(31,088)
Comprehensive loss: (20,879)(12,366)(31,088)
Other undisclosed comprehensive loss, net of tax, attributable to parent (135)(255)(101)
Comprehensive loss, net of tax, attributable to parent: (21,014)(12,621)(31,189)

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.

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