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
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,88122,39519,41325,66430,93834,654
Cash and cash equivalents14,88122,39519,41325,66430,93834,654
Receivables11,8918,47312,64910,22617,08810,592
Inventory, net of allowances, customer advances and progress billings8,9825,8736,6297,9377,2306,164
Inventory8,9825,8736,6297,9377,2306,164
Prepaid expense and other current assets1,679
Other undisclosed current assets1,5022,0981,710908998 
Total current assets:37,25638,83940,40144,73556,25453,089
Noncurrent Assets
Property, plant and equipment1,8792,1052,2442,4552,4512,209
Long-term investments and receivables 1,3001,3001,3001,3001,300 
Long-term investments 1,3001,3001,3001,3001,300 
Intangible assets, net (including goodwill) 1,6581,6581,6931,7461,7981,851
Goodwill 1,6581,6581,6581,6581,6581,658
Intangible assets, net (excluding goodwill)   3588140193
Other noncurrent assets1,9371,9591,9831,9721,934 
Prepaid expense and other noncurrent assets1,927
Other undisclosed noncurrent assets (1,300)(1,300)(1,300)(1,300)(1,300) 
Total noncurrent assets:5,4745,7225,9206,1736,1835,987
TOTAL ASSETS:42,73044,56146,32150,90862,43759,076
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,82313,71413,29714,57323,62114,641
Taxes payable 531   525 
Employee-related liabilities 2,167   4,422 
Accounts payable7,9023,4784,7384,3566,1392,606
Accrued liabilities10,22310,2368,55910,21712,53512,035
Debt2,8033,7844,0043,8583,7183,581
Deferred compensation liability      
Deferred revenue and credits12,78112,93512,09013,16413,73013,395
Other undisclosed current liabilities(2,698)   (4,947) 
Total current liabilities:33,70930,43329,39131,59536,12231,617
Noncurrent Liabilities
Long-term debt and lease obligation   7251,7802,7973,775
Long-term debt, excluding current maturities   7251,7802,7973,775
Liabilities, other than long-term debt6,9248,3858,2327,2617,2637,051
Deferred revenue and credits6,8866,6106,5745,7505,8765,923
Other liabilities381,7751,6581,5111,3871,128
Total noncurrent liabilities:6,9248,3858,9579,04110,06010,826
Total liabilities:40,63338,81838,34840,63646,18242,443
Equity
Equity, attributable to parent2,0975,7437,97310,27216,25516,633
Common stock121212111111
Additional paid in capital289,023287,315286,152284,195282,168280,443
Accumulated other comprehensive loss(688)(582)(520)(501)(553)(582)
Accumulated deficit(286,250)(281,002)(277,671)(273,433)(265,371)(263,239)
Total equity:2,0975,7437,97310,27216,25516,633
TOTAL LIABILITIES AND EQUITY:42,73044,56146,32150,90862,43759,076

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Revenues21,70525,01523,57120,60030,16124,400
Revenue, net21,70525,01523,57120,60030,16024,386
Cost of revenue(9,033)(9,490)(8,801)(7,777)(10,640)(8,428)
Cost of goods and services sold(9,033)(9,490)(8,801)(7,777)(10,640)(8,420)
Gross profit:12,67215,52514,77012,82319,52115,972
Operating expenses(17,553)(18,378)(18,558)(20,379)(21,127)(19,068)
Operating loss:(4,881)(2,853)(3,788)(7,556)(1,606)(3,096)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
29(68)15(16)2524
Interest and debt expense(22)     
Other undisclosed loss from continuing operations before equity method investments, income taxes (233)(280)(329)(378)(433)(414)
Loss from continuing operations before equity method investments, income taxes:(5,107)(3,201)(4,102)(7,950)(2,014)(3,486)
Other undisclosed loss from continuing operations before income taxes      
Loss from continuing operations before income taxes:(5,107)(3,201)(4,102)(7,950)(2,014)(3,486)
Income tax expense(141)(130)(136)(112)(119)(97)
Loss from continuing operations:(5,248)(3,331)(4,238)(8,062)(2,133)(3,583)
Loss before gain (loss) on sale of properties:(5,248)(3,331)(4,238)(8,062)(2,133)(3,583)
Net loss available to common stockholders, diluted:(5,248)(3,331)(4,238)(8,062)(2,133)(3,583)

Comprehensive Income ($ in thousands)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net loss:(5,248)(3,331)(4,238)(8,062)(2,133)(3,583)
Comprehensive loss:(5,248)(3,331)(4,238)(8,062)(2,133)(3,583)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(106)(62)(19)5229(104)
Comprehensive loss, net of tax, attributable to parent:(5,354)(3,393)(4,257)(8,010)(2,104)(3,687)

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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