iPass Inc. (IPAS) financial statements (2022 and earlier)

Company profile

Business Address 3800 BRIDGE PARKWAY
REDWOOD SHORES, CA 94065
State of Incorp. DE
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,15916,07220,29433,81424,01726,822
Cash and cash equivalents5,15916,07220,29433,81424,01726,822
Receivables8,71712,3619,74610,06315,29717,260
Prepaid expense1,6411,3442,762  
Prepaid expense and other current assets5,058
Other current assets712225342  
Other undisclosed current assets   4,3184,329 
Total current assets:16,22930,00233,14448,19543,64349,140
Noncurrent Assets
Property, plant and equipment1,3342,4854,0096,2138,4426,549
Prepaid expense    55
Deposits noncurrent assets   563808854
Restricted cash and investments   150250970
Other noncurrent assets8406886908472,831
Prepaid expense and other noncurrent assets4,671
Other undisclosed noncurrent assets   (713)(1,113)(2,060)
Total noncurrent assets:2,1743,1734,6997,06011,27310,984
TOTAL ASSETS:18,40333,17537,84355,25554,91660,124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,77810,94311,64717,83221,87319,757
Accounts payable9,0447,0696,2917,3019,3347,496
Accrued liabilities3,7343,8745,3567,1889,1008,631
Employee-related liabilities   2,0432,3952,550
Taxes payable   1,3001,0441,080
Restructuring reserve   160
Liability for uncertainty in income taxes   900800 
Deferred revenue and credits3,7232,4122,3214373,2123,787
Other undisclosed current liabilities   (4,403)(4,239)(3,630)
Total current liabilities:16,50113,35513,96814,92621,64619,914
Noncurrent Liabilities
Liabilities, other than long-term debt1,1111,1901,2749942,4423,309
Deferred revenue and credits102672311152,1912,834
Other liabilities1,0091,1231,043879251475
Other undisclosed noncurrent liabilities   8541,586 
Total noncurrent liabilities:1,1111,1901,2741,8484,0283,309
Total liabilities:17,61214,54515,24216,77425,67423,223
Stockholders' equity
Stockholders' equity attributable to parent79118,63022,60138,48129,24236,901
Common stock716865656561
Additional paid in capital226,490223,777219,981220,368218,103213,454
Accumulated deficit(225,770)(205,215)(197,445)(181,952)(188,926)(176,614)
Total stockholders' equity:79118,63022,60138,48129,24236,901
TOTAL LIABILITIES AND EQUITY:18,40333,17537,84355,25554,91660,124

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
54,40163,22262,56469,804111,115126,078
Cost of revenue(44,573)(40,550)(38,170)(67,896)(49,490)(53,640)
Cost of goods and services sold(38,548)(33,150)(28,472)(29,608)(49,490)(53,640)
Policyholder dividends, expense     40,000
Gross profit:9,82822,67224,3941,90861,62572,438
Operating expenses(29,890)(30,021)(39,305)(21,357)(121,700)(129,400)
Other undisclosed operating income    48,87553,483
Operating loss:(20,062)(7,349)(14,911)(19,449)(11,200)(3,479)
Nonoperating income (expense)12(234)(134)329(18)12
Investment income, nonoperating   (119)(18)19
Foreign currency transaction loss, before tax(378)(234)(87)(67)(507)(288)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(311)36(141)(186)(525)(269)
Loss from continuing operations before income taxes:(20,361)(7,547)(15,186)(19,306)(11,743)(3,736)
Income tax expense (benefit)(194)(223)(307)7,101(569)(642)
Loss from continuing operations:(20,555)(7,770)(15,493)(12,205)(12,312)(4,378)
Loss from discontinued operations   (200)  
Net loss:(20,555)(7,770)(15,493)(12,405)(12,312)(4,378)
Other undisclosed net income attributable to parent   19,379  
Net income (loss) available to common stockholders, diluted:(20,555)(7,770)(15,493)6,974(12,312)(4,378)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(20,555)(7,770)(15,493)(12,405)(12,312)(4,378)
Comprehensive loss:(20,555)(7,770)(15,493)(12,405)(12,312)(4,378)
Other undisclosed comprehensive income, net of tax, attributable to parent   19,379  
Comprehensive income (loss), net of tax, attributable to parent:(20,555)(7,770)(15,493)6,974(12,312)(4,378)

Statements sources

The financial statements are based on the company's filings with the 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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