Westell Technologies, Inc. (WSTL) Financial Statements (2024 and earlier)

Company Profile

Business Address 750 N COMMONS DRIVE
AURORA, IL 60504
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,86925,45727,74221,77829,72437,932
Cash and cash equivalents20,86925,45724,96321,77819,16914,026
Short-term investments   2,779 10,55523,906
Receivables4,0476,8658,87212,07516,36111,845
Inventory, net of allowances, customer advances and progress billings6,8079,8019,22212,51113,49816,205
Inventory6,8079,8019,22212,51113,49816,205
Other undisclosed current assets1,2981,7068161,4091,9004,522
Total current assets:33,02143,82946,65247,77361,48370,504
Noncurrent Assets
Operating lease, right-of-use asset628
Property, plant and equipment1,0761,2981,6011,9843,9773,603
Intangible assets, net (including goodwill)2,7283,27811,43515,62420,38825,942
Intangible assets, net (excluding goodwill)2,7283,27811,43515,62420,38825,942
Other noncurrent assets73492771160183258
Total noncurrent assets:4,5055,06813,80717,76824,54829,803
TOTAL ASSETS:37,52648,89760,45965,54186,031100,307
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2015,8805,2318,43613,7888,142
Employee-related liabilities     2,506974
Accounts payable1,0652,3131,9034,1637,8564,011
Accrued liabilities3,1363,5673,3284,2733,4263,157
Deferred revenue1,099
Restructuring reserve   631,1711,5371,161
Deferred revenue and credits1,7902,3591,6012,415
Other undisclosed current liabilities  1,217  3111,184
Total current liabilities:5,3007,0977,08411,96617,23712,902
Noncurrent Liabilities
Long-term debt and lease obligation:      
Liabilities, other than long-term debt5652321,0801,4012,1002,924
Deferred revenue and credits8461,1021,236751
Accounts payable and accrued liabilities 56   122
Deferred revenue221
Restructuring reserve    635501,642
Other liabilities344176234236314409
Operating lease, liability 
Other undisclosed noncurrent liabilities 388  101,297
Total noncurrent liabilities:5656201,0801,4012,1104,221
Total liabilities:5,8657,7178,16413,36719,34717,123
Equity
Equity, attributable to parent, including:31,66141,18052,29552,17466,68483,184
Treasury stock, value(37,326)(37,135)(35,907)(35,335)(35,174)(35,066)
Additional paid in capital419,630418,859417,691415,957414,374413,026
Accumulated other comprehensive income    608608608
Accumulated deficit(350,800)(340,698)(329,645)(329,676)(313,735)(295,991)
Other undisclosed equity, attributable to parent157154156620611607
Total equity:31,66141,18052,29552,17466,68483,184
TOTAL LIABILITIES AND EQUITY:37,52648,89760,45965,54186,031100,307

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

3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues29,95643,57058,57762,96588,20384,127
Revenue, net58,57762,96588,20384,127
Cost of revenue
(Cost of Goods and Services Sold)
(20,309)(25,206)(33,410)(39,216)(53,687)(57,317)
Gross profit:9,64718,36425,16723,74934,51626,810
Operating expenses(20,169)(29,988)(26,621)(39,802)(51,272)(85,155)
Operating loss:(10,522)(11,624)(1,454)(16,053)(16,756)(58,345)
Nonoperating income (expense)456626888170169(25)
Loss, foreign currency transaction, before tax      (23)
Other nonoperating income (expense)456626888170169(2)
Interest and debt expense      
Loss from continuing operations before equity method investments, income taxes:(10,066)(10,998)(566)(15,883)(16,587)(58,370)
Other undisclosed income from continuing operations before income taxes      23
Loss from continuing operations before income taxes:(10,066)(10,998)(566)(15,883)(16,587)(58,347)
Income tax expense (benefit)(36)(39)597(58)102201
Income (loss) from continuing operations:(10,102)(11,037)31(15,941)(16,485)(58,146)
Income (loss) before gain (loss) on sale of properties:(10,102)(11,382)31(15,941)(16,212)(58,007)
Income (loss) from discontinued operations  (345)  273139
Net income (loss) available to common stockholders, diluted:(10,102)(11,382)31(15,941)(16,212)(58,007)

Comprehensive Income ($ in thousands)

3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):(10,102)(11,382)31(15,941)(16,212)(58,007)
Other comprehensive loss   (608)   
Comprehensive loss, net of tax, attributable to parent:(10,102)(11,382)(577)(15,941)(16,212)(58,007)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: