PCTEL, Inc. (PCTI) financial statements (2022 and earlier)

Company profile

Business Address 471 BRIGHTON DRIVE
BLOOMINGDALE, IL 60108
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:30,75440,98339,65035,19938,05833,31131,783
Cash and cash equivalents8,1925,7617,0944,3295,55914,8557,055
Short-term investments22,56230,58232,55630,87032,49918,45624,728
Other undisclosed cash, cash equivalents, and short-term investments 4,640     
Receivables18,90516,60117,38015,86418,42719,10121,001
Inventory, net of allowances, customer advances and progress billings13,6919,98411,93512,84812,75614,44217,596
Inventory13,6919,98411,93512,84812,75614,44217,596
Other undisclosed current assets1,747(2,955)1,8421,4161,6051,5481,586
Total current assets:65,09764,61370,80765,32770,84668,40271,966
Noncurrent Assets
Property, plant and equipment11,94912,50511,98512,13812,36912,60913,839
Long-term investments and receivables 4,640     
Long-term investments 4,640     
Intangible assets, net (including goodwill)7,9133,3323,4764,3615,4456,60714,710
Goodwill6,3343,3323,3323,3323,3323,3323,332
Intangible assets, net (excluding goodwill)1,579 1441,0292,1133,27511,378
Other noncurrent assets2,4382,4412,96945723640
Deferred tax assets, net 7,7344,51213,155
Total noncurrent assets:22,30022,91818,43016,54425,62023,76441,744
TOTAL ASSETS:87,39787,53189,23781,87196,46692,166113,710
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,47711,74612,57211,88412,75513,25012,925
Accounts payable5,3604,4303,1906,0835,4716,0736,735
Accrued liabilities11,1177,3169,3825,8017,2847,1776,190
Total current liabilities:16,47711,74612,57211,88412,75513,25012,925
Noncurrent Liabilities
Long-term debt and lease obligation3,6924,0453,185132180157107
Finance lease, liability9296164
Capital lease obligations132180157107
Operating lease, liability3,6003,9493,021
Liabilities, other than long-term debt30799130249212234281
Deferred revenue and credits131164281
Deferred revenue18176119
Deferred rent credit   87
Restructuring reserve    8170 
Other liabilities1262311162   
Other undisclosed noncurrent liabilities 243     
Total noncurrent liabilities:3,9994,3873,315381392391388
Total liabilities:20,47616,13315,88712,26513,14713,64113,313
Stockholders' equity
Stockholders' equity attributable to parent66,92171,39873,35069,60683,31978,525100,397
Common stock18181918181718
Additional paid in capital123,998128,250133,954133,859134,505134,480135,714
Accumulated other comprehensive income (loss)(360)18(318)(216)54(382)(15)
Accumulated deficit(56,735)(56,888)(60,305)(64,055)(51,258)(55,590)(35,320)
Total stockholders' equity:66,92171,39873,35069,60683,31978,525100,397
TOTAL LIABILITIES AND EQUITY:87,39787,53189,23781,87196,46692,166113,710

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues87,80777,45690,61782,97991,43796,713106,615
Revenue, net91,43796,713106,615
Cost of revenue(47,329)(39,529)(49,105)(51,898)(52,626)(61,507)(69,354)
Cost of goods and services sold(47,329)(39,529)(49,105)(51,898) (61,507)(69,354)
Gross profit:40,47837,92741,51231,08138,81135,20637,261
Operating expenses(40,239)(34,587)(38,704)(36,707)(37,378)(44,119)(43,017)
Operating income (loss):2393,3402,808(5,626)1,433(8,913)(5,756)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(47)1069825641051123,287
Interest and debt expense(7)(8)(9)    
Income (loss) from continuing operations before equity method investments, income taxes:1853,4383,781(5,062)1,538(8,801)(2,469)
Other undisclosed income from continuing operations before income taxes789    
Income (loss) from continuing operations before income taxes:1923,4463,790(5,062)1,538(8,801)(2,469)
Income tax expense (benefit)(39)(29)(40)(7,827)2,471(8,880)901
Income (loss) from continuing operations:1533,4173,750(12,889)4,009(17,681)(1,568)
Loss from discontinued operations    (187)  
Net income (loss) available to common stockholders, diluted:1533,4173,750(12,889)3,822(17,681)(1,568)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1533,4173,750(12,889)3,822(17,681)(1,568)
Comprehensive income (loss):1533,4173,750(12,889)3,822(17,681)(1,568)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(378)336(102)(270)436(367)(150)
Comprehensive income (loss), net of tax, attributable to parent:(225)3,7533,648(13,159)4,258(18,048)(1,718)

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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