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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:33,64330,28729,99028,00528,32327,676
Cash and cash equivalents7,0578,7177,7365,8585,7975,107
Short-term investments26,58621,57022,25422,14722,27622,569
Other undisclosed cash, cash equivalents, and short-term investments     250 
Receivables12,85615,53118,85320,55319,31117,329
Inventory, net of allowances, customer advances and progress billings16,35717,62618,91816,73014,18912,852
Inventory16,35717,62618,91816,73014,18912,852
Other undisclosed current assets1,3721,5941,8611,3741,5241,956
Total current assets:64,22865,03869,62266,66263,34759,813
Noncurrent Assets
Property, plant and equipment9,7889,81910,00410,30010,78411,490
Long-term investments and receivables     250 
Long-term investments     250 
Intangible assets, net (including goodwill)6,7016,9146,9806,8367,2177,649
Goodwill5,8485,9465,9355,7785,9866,220
Intangible assets, net (excluding goodwill)8539681,0451,0581,2311,429
Other noncurrent assets2,8023,0853,2692,6362,3142,346
Total noncurrent assets:19,29119,81820,25319,77220,56521,485
TOTAL ASSETS:83,51984,85689,87586,43483,91281,298
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,25212,52217,25319,75317,65412,966
Taxes payable119156
Employee-related liabilities2,8222,001
Accounts payable3,6183,5204,6486,1945,6304,013
Accrued liabilities7,6349,00212,60510,6189,8678,953
Other undisclosed current liabilities    (2,941)(2,157) 
Total current liabilities:11,25212,52217,25316,81215,49712,966
Noncurrent Liabilities
Long-term debt and lease obligation4962733,3123,4433,544
Finance lease, liability496273606981
Liabilities, other than long-term debt3,2303,3693,551221289276
Deferred revenue167182181190190183
Other liabilities241543319993
Operating lease, liability3,0393,1723,3273,2523,3743,463
Total noncurrent liabilities:3,2793,4313,6243,5333,7323,820
Total liabilities:14,53115,95320,87720,34519,22916,786
Equity
Equity, attributable to parent68,98868,90368,99866,08964,68364,512
Common stock191919191918
Additional paid in capital128,533127,938128,370123,964123,844123,379
Accumulated other comprehensive loss(1,866)(1,407)(1,450)(1,978)(1,292)(586)
Accumulated deficit(57,698)(57,647)(57,941)(55,916)(57,888)(58,299)
Total equity:68,98868,90368,99866,08964,68364,512
TOTAL LIABILITIES AND EQUITY:83,51984,85689,87586,43483,91281,298

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues20,57822,97325,92225,98824,97622,542
Cost of revenue
(Cost of Goods and Services Sold)
(10,483)(11,441)(12,885)(14,052)(13,549)(13,209)
Gross profit:10,09511,53213,03711,93611,4279,333
Operating expenses(9,267)(10,214)(11,066)(10,603)(11,099)(10,900)
Operating income (loss):8281,3181,9711,333328(1,567)
Nonoperating income
(Other Nonoperating income)
34622010120511411
Interest and debt expense(1)(1)(1)(1)(1)(2)
Income (loss) from continuing operations before equity method investments, income taxes:1,1731,5372,0711,537441(1,558)
Other undisclosed income from continuing operations before income taxes111112
Income (loss) from continuing operations before income taxes:1,1741,5382,0721,538442(1,556)
Income tax expense (benefit)(175)(214)(22)434(31)(8)
Income (loss) from continuing operations:9991,3242,0501,972411(1,564)
Income (loss) before gain (loss) on sale of properties:1,972411(1,564)
Net income (loss) available to common stockholders, diluted:9991,3242,0501,972411(1,564)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):9991,3242,0501,972411(1,564)
Comprehensive income (loss):9991,3242,0501,972411(1,564)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(459)43528(686)(706)(226)
Comprehensive income (loss), net of tax, attributable to parent:5401,3672,5781,286(295)(1,790)

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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