PCTEL, Inc. (PCTI) Financial Statements (2024 and earlier)

Company Profile

Business Address 471 BRIGHTON DRIVE
BLOOMINGDALE, IL 60108
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:29,99030,75440,98339,65035,19938,058
Cash and cash equivalents7,7368,1925,7617,0944,3295,559
Short-term investments22,25422,56230,58232,55630,87032,499
Other undisclosed cash, cash equivalents, and short-term investments   4,640   
Receivables18,85318,90516,60117,38015,86418,427
Inventory, net of allowances, customer advances and progress billings18,91813,6919,98411,93512,84812,756
Inventory18,91813,6919,98411,93512,84812,756
Other undisclosed current assets1,8611,747(2,955)1,8421,4161,605
Total current assets:69,62265,09764,61370,80765,32770,846
Noncurrent Assets
Property, plant and equipment10,00411,94912,50511,98512,13812,369
Long-term investments and receivables   4,640   
Long-term investments   4,640   
Intangible assets, net (including goodwill)6,9807,9133,3323,4764,3615,445
Goodwill5,9356,3343,3323,3323,3323,332
Intangible assets, net (excluding goodwill)1,0451,579 1441,0292,113
Other noncurrent assets3,2692,4382,4412,9694572
Deferred tax assets, net 7,734
Total noncurrent assets:20,25322,30022,91818,43016,54425,620
TOTAL ASSETS:89,87587,39787,53189,23781,87196,466
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,25316,47711,74612,57211,88412,755
Accounts payable4,6485,3604,4303,1906,0835,471
Accrued liabilities12,60511,1177,3169,3825,8017,284
Total current liabilities:17,25316,47711,74612,57211,88412,755
Noncurrent Liabilities
Long-term debt and lease obligation733,6924,0453,185132180
Capital lease obligations132180
Finance lease, liability739296164
Liabilities, other than long-term debt3,55130799130249212
Deferred revenue and credits131
Deferred revenue18118176119
Deferred rent credit     87
Restructuring reserve      81
Other liabilities431262311162 
Operating lease, liability3,3273,6003,9493,021
Other undisclosed noncurrent liabilities   243   
Total noncurrent liabilities:3,6243,9994,3873,315381392
Total liabilities:20,87720,47616,13315,88712,26513,147
Equity
Equity, attributable to parent68,99866,92171,39873,35069,60683,319
Common stock191818191818
Additional paid in capital128,370123,998128,250133,954133,859134,505
Accumulated other comprehensive income (loss)(1,450)(360)18(318)(216)54
Accumulated deficit(57,941)(56,735)(56,888)(60,305)(64,055)(51,258)
Total equity:68,99866,92171,39873,35069,60683,319
TOTAL LIABILITIES AND EQUITY:89,87587,39787,53189,23781,87196,466

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues99,42887,80777,45690,61782,97991,437
Revenue, net91,437
Cost of revenue(53,695)(47,329)(39,529)(49,105)(51,898)(52,626)
Cost of goods and services sold(53,695)(47,329)(39,529)(49,105)(51,898) 
Gross profit:45,73340,47837,92741,51231,08138,811
Operating expenses(43,669)(40,239)(34,587)(38,704)(36,707)(37,378)
Operating income (loss):2,0642393,3402,808(5,626)1,433
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
431(47)106982564105
Interest and debt expense(5)(7)(8)(9)  
Income (loss) from continuing operations before equity method investments, income taxes:2,4901853,4383,781(5,062)1,538
Other undisclosed income from continuing operations before income taxes5789  
Income (loss) from continuing operations before income taxes:2,4951923,4463,790(5,062)1,538
Income tax expense (benefit)374(39)(29)(40)(7,827)2,471
Income (loss) from continuing operations:2,8691533,4173,750(12,889)4,009
Income (loss) before gain (loss) on sale of properties:1533,4173,750(12,889)3,822
Loss from discontinued operations      (187)
Net income (loss) available to common stockholders, diluted:2,8691533,4173,750(12,889)3,822

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):2,8691533,4173,750(12,889)3,822
Comprehensive income (loss):2,8691533,4173,750(12,889)3,822
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,090)(378)336(102)(270)436
Comprehensive income (loss), net of tax, attributable to parent:1,779(225)3,7533,648(13,159)4,258

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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