Procera Networks Inc (PKT) Financial Statements (2024 and earlier)

Company Profile

Business Address 47448 FREMONT BLVD
FREMONT, CA 94538
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7371 - Computer Programming Services (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 investments102,481102,169107,137106,312106,563108,861
Cash and cash equivalents17,93914,24825,27832,87790,77477,138
Short-term investments84,54287,92181,85973,43515,78931,723
Receivables21,44719,94118,31112,96525,00820,295
Inventory, net of allowances, customer advances and progress billings, including:14,83715,91716,54320,22918,83617,048
Inventory    20,22918,83617,048
Other undisclosed inventory, net of allowances, customer advances and progress billings14,83715,91716,543 
Prepaid expense and other current assets2,0862,1283,278
Other undisclosed current assets4,9133,3512,696   
Total current assets:143,678141,378144,687141,592152,535149,482
Noncurrent Assets
Property, plant and equipment8,3227,6037,6047,6587,1216,197
Intangible assets, net (including goodwill)3,9174,28017,75717,57618,59619,970
Goodwill96096012,28611,91112,32613,089
Intangible assets, net (excluding goodwill)2,9573,3205,4715,6656,2706,881
Other noncurrent assets154120114   
Prepaid expense and other noncurrent assets918395
Other undisclosed noncurrent assets  8661,4291,2101,101891
Total noncurrent assets:12,39312,86926,90426,53526,90127,153
TOTAL ASSETS:156,071154,247171,591168,127179,436176,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,84012,53813,84312,74217,20513,194
Employee-related liabilities3,3983,0363,2313,1723,1792,630
Accounts payable5,2073,8114,2333,6517,3054,858
Accrued liabilities7,2355,6916,3795,9196,7215,706
Deferred revenue and credits11,82111,94411,95710,45811,63310,358
Other undisclosed current liabilities(3,398)(3,036)(3,231)(3,172)(3,179)(2,630)
Total current liabilities:24,26321,44622,56920,02825,65920,922
Noncurrent Liabilities
Liabilities, other than long-term debt3,6964,1045,3554,6925,1064,343
Deferred revenue and credits3,6963,2383,7323,0933,4162,572
Deferred tax liabilities, net  8661,6231,5991,6901,771
Total noncurrent liabilities:3,6964,1045,3554,6925,1064,343
Total liabilities:27,95925,55027,92424,72030,76525,265
Equity
Equity, attributable to parent128,112128,697143,667143,407148,671151,370
Common stock212121212121
Additional paid in capital225,313223,844222,285221,145219,763218,347
Accumulated other comprehensive loss(3,190)(2,856)(2,039)(2,567)(1,897)(1,084)
Accumulated deficit(94,032)(92,312)(76,600)(75,192)(69,216)(65,914)
Total equity:128,112128,697143,667143,407148,671151,370
TOTAL LIABILITIES AND EQUITY:156,071154,247171,591168,127179,436176,635

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
Revenues
(Revenue, Net)
24,15516,10920,60814,54121,33021,333
Cost of revenue
(Cost of Goods and Services Sold)
(10,293)(5,892)(8,865)(6,157)(8,967)(10,976)
Gross profit:13,86210,21711,7438,38412,36310,357
Operating expenses(15,195)(25,733)(13,209)(14,535)(15,512)(13,777)
Operating loss:(1,333)(15,516)(1,466)(6,151)(3,149)(3,420)
Nonoperating income (expense)(354)(356)8328358232
Investment income, nonoperating88  (136)462 
Loss from continuing operations before income taxes:(1,687)(15,872)(1,383)(6,123)(2,791)(3,188)
Income tax expense (benefit)(33)160(25)147(511)205
Loss from continuing operations:(1,720)(15,712)(1,408)(5,976)(3,302)(2,983)
Loss before gain (loss) on sale of properties:(1,720)(15,712)(1,408)(5,976)(3,302)(2,983)
Net loss available to common stockholders, diluted:(1,720)(15,712)(1,408)(5,976)(3,302)(2,983)

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:(1,720)(15,712)(1,408)(5,976)(3,302)(2,983)
Comprehensive loss:(1,720)(15,712)(1,408)(5,976)(3,302)(2,983)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(334)(817)528(670)(813)595
Comprehensive loss, net of tax, attributable to parent:(2,054)(16,529)(880)(6,646)(4,115)(2,388)

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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