Meru Networks Inc (MERU) financial statements (2022 and earlier)

Company profile

Business Address 894 ROSS DRIVE
SUNNYVALE, CA 94089
State of Incorp. DE
Fiscal Year End December 31
SIC 3576 - Computer Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,88130,93822,855
Cash and cash equivalents14,88130,93822,855
Receivables11,89117,08815,040
Inventory, net of allowances, customer advances and progress billings8,9827,2308,852
Inventory8,9827,2308,852
Deferred costs  55
Prepaid expense and other current assets829
Other undisclosed current assets1,502998 
Total current assets:37,25656,25447,631
Noncurrent Assets
Property, plant and equipment1,8792,4512,473
Long-term investments and receivables1,3001,300 
Long-term investments1,3001,300 
Intangible assets, net (including goodwill)1,6581,7982,061
Goodwill1,6581,6581,658
Intangible assets, net (excluding goodwill) 140403
Other noncurrent assets1,9371,934
Prepaid expense and other noncurrent assets2,024
Other undisclosed noncurrent assets(1,300)(1,300) 
Total noncurrent assets:5,4746,1836,558
TOTAL ASSETS:42,73062,43754,189
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,82323,62121,127
Accounts payable7,9026,1393,027
Accrued liabilities10,22312,53513,053
Employee-related liabilities2,1674,4224,757
Taxes payable531525290
Debt2,8033,7183,197
Deferred revenue and credits12,78113,73012,183
Other undisclosed current liabilities(2,698)(4,947)(5,047)
Total current liabilities:33,70936,12231,460
Noncurrent Liabilities
Long-term debt and lease obligation 2,7976,499
Long-term debt, excluding current maturities 2,7976,499
Liabilities, other than long-term debt6,9247,2636,637
Deferred revenue and credits6,8865,8766,107
Other liabilities381,387530
Total noncurrent liabilities:6,92410,06013,136
Total liabilities:40,63346,18244,596
Stockholders' equity
Stockholders' equity attributable to parent2,09716,2559,593
Common stock12119
Additional paid in capital289,023282,168262,887
Accumulated other comprehensive loss(688)(553)(298)
Accumulated deficit(286,250)(265,371)(253,005)
Total stockholders' equity:2,09716,2559,593
TOTAL LIABILITIES AND EQUITY:42,73062,43754,189

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

12/31/2014
12/31/2013
12/31/2012
Revenues90,891105,74797,510
Revenue, net90,891105,65597,331
Cost of revenue(35,101)(37,455)(35,445)
Cost of goods and services sold(35,101)(37,408)(35,342)
Gross profit:55,79068,29262,065
Operating expenses(74,868)(78,203)(91,006)
Operating loss:(19,078)(9,911)(28,941)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(40)(2)58
Interest and debt expense(128)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(1,114)(2,010)(1,656)
Loss from continuing operations before income taxes:(20,360)(11,923)(30,539)
Income tax expense(519)(443)(549)
Net loss available to common stockholders, diluted:(20,879)(12,366)(31,088)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net loss:(20,879)(12,366)(31,088)
Comprehensive loss:(20,879)(12,366)(31,088)
Other undisclosed comprehensive loss, net of tax, attributable to parent(135)(255)(101)
Comprehensive loss, net of tax, attributable to parent:(21,014)(12,621)(31,189)

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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