PCTEL, Inc. (PCTI) Financial Statements (2025 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: | 29,990 | 30,754 | 40,983 | 39,650 | 35,199 | 38,058 | |||
| Cash and cash equivalent | 7,736 | 8,192 | 5,761 | 7,094 | 4,329 | 5,559 | |||
| Short-term investments | 22,254 | 22,562 | 30,582 | 32,556 | 30,870 | 32,499 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 4,640 | ||||||||
| Receivables | 18,853 | 18,905 | 16,601 | 17,380 | 15,864 | 18,427 | |||
| Inventory, net of allowances, customer advances and progress billings | 18,918 | 13,691 | 9,984 | 11,935 | 12,848 | 12,756 | |||
| Inventory | 18,918 | 13,691 | 9,984 | 11,935 | 12,848 | 12,756 | |||
| Other undisclosed current assets | 1,861 | 1,747 | (2,955) | 1,842 | 1,416 | 1,605 | |||
| Total current assets: | 69,622 | 65,097 | 64,613 | 70,807 | 65,327 | 70,846 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 10,004 | 11,949 | 12,505 | 11,985 | 12,138 | 12,369 | |||
| Long-term investments and receivables | 4,640 | ||||||||
| Long-term investments | 4,640 | ||||||||
| Intangible assets, net (including goodwill) | 6,980 | 7,913 | 3,332 | 3,476 | 4,361 | 5,445 | |||
| Goodwill | 5,935 | 6,334 | 3,332 | 3,332 | 3,332 | 3,332 | |||
| Intangible assets, net (excluding goodwill) | 1,045 | 1,579 | 144 | 1,029 | 2,113 | ||||
| Other noncurrent assets | 3,269 | 2,438 | 2,441 | 2,969 | 45 | 72 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 7,734 | |||
| Total noncurrent assets: | 20,253 | 22,300 | 22,918 | 18,430 | 16,544 | 25,620 | |||
| TOTAL ASSETS: | 89,875 | 87,397 | 87,531 | 89,237 | 81,871 | 96,466 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 17,253 | 16,477 | 11,746 | 12,572 | 11,884 | 12,755 | |||
| Accounts payable | 4,648 | 5,360 | 4,430 | 3,190 | 6,083 | 5,471 | |||
| Accrued liabilities | 12,605 | 11,117 | 7,316 | 9,382 | 5,801 | 7,284 | |||
| Total current liabilities: | 17,253 | 16,477 | 11,746 | 12,572 | 11,884 | 12,755 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 73 | 3,692 | 4,045 | 3,185 | 132 | 180 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 132 | 180 | ||
| Finance lease, liability | 73 | 92 | 96 | 164 | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 3,551 | 307 | 99 | 130 | 249 | 212 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 131 | ||
| Deferred revenue | 181 | 181 | 76 | 119 | ✕ | ✕ | |||
| Deferred rent credit | 87 | ✕ | |||||||
| Restructuring reserve | 81 | ||||||||
| Other liabilities | 43 | 126 | 23 | 11 | 162 | ||||
| Operating lease, liability | 3,327 | 3,600 | 3,949 | 3,021 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 243 | ||||||||
| Total noncurrent liabilities: | 3,624 | 3,999 | 4,387 | 3,315 | 381 | 392 | |||
| Total liabilities: | 20,877 | 20,476 | 16,133 | 15,887 | 12,265 | 13,147 | |||
| Equity | |||||||||
| Equity, attributable to parent | 68,998 | 66,921 | 71,398 | 73,350 | 69,606 | 83,319 | |||
| Common stock | 19 | 18 | 18 | 19 | 18 | 18 | |||
| Additional paid in capital | 128,370 | 123,998 | 128,250 | 133,954 | 133,859 | 134,505 | |||
| 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: | 68,998 | 66,921 | 71,398 | 73,350 | 69,606 | 83,319 | |||
| TOTAL LIABILITIES AND EQUITY: | 89,875 | 87,397 | 87,531 | 89,237 | 81,871 | 96,466 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 99,428 | 87,807 | 77,456 | 90,617 | 82,979 | 91,437 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 91,437 | |
| Cost of revenue | (53,695) | (47,329) | (39,529) | (49,105) | (51,898) | (52,626) | ||
| Cost of product and service sold | (53,695) | (47,329) | (39,529) | (49,105) | (51,898) | |||
| Gross profit: | 45,733 | 40,478 | 37,927 | 41,512 | 31,081 | 38,811 | ||
| Operating expenses | (43,669) | (40,239) | (34,587) | (38,704) | (36,707) | (37,378) | ||
| Operating income (loss): | 2,064 | 239 | 3,340 | 2,808 | (5,626) | 1,433 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 431 | (47) | 106 | 982 | 564 | 105 | ||
| Interest and debt expense | (5) | (7) | (8) | (9) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,490 | 185 | 3,438 | 3,781 | (5,062) | 1,538 | ||
| Other undisclosed income from continuing operations before income taxes | 5 | 7 | 8 | 9 | ||||
| Income (loss) from continuing operations before income taxes: | 2,495 | 192 | 3,446 | 3,790 | (5,062) | 1,538 | ||
| Income tax expense (benefit) | 374 | (39) | (29) | (40) | (7,827) | 2,471 | ||
| Income (loss) from continuing operations: | 2,869 | 153 | 3,417 | 3,750 | (12,889) | 4,009 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 153 | 3,417 | 3,750 | (12,889) | 3,822 | |
| Loss from discontinued operations | (187) | |||||||
| Net income (loss) available to common stockholders, diluted: | 2,869 | 153 | 3,417 | 3,750 | (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): | 2,869 | 153 | 3,417 | 3,750 | (12,889) | 3,822 | ||
| Comprehensive income (loss): | 2,869 | 153 | 3,417 | 3,750 | (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) | 3,753 | 3,648 | (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.