PCTI · Pc Tel Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $99.43M | $87.81M | $77.46M | $90.62M | $91.44M | $91.44M |
| Cost of Revenue | $53.70M | $47.33M | $39.53M | $49.10M | $52.63M | $52.63M |
| Gross Profit | $45.73M | $40.48M | $37.93M | $41.51M | $31.08M | $38.81M |
| R&D | $12.83M | $13.36M | $12.52M | $12.27M | $11.85M | $11.14M |
| SG&A | $14.52M | $12.44M | $10.81M | $13.45M | $12.36M | $13.11M |
| Total Operating Expenses | $43.67M | $40.24M | $34.59M | $38.70M | $36.71M | $37.38M |
| D&A | $2.80M | $3.00M | $3.00M | $2.90M | $2.80M | $2.60M |
| Operating Income | $2.06M | $239.0K | $3.34M | $2.81M | ($5.63M) | $1.43M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | ($374.0K) | $39.0K | $29.0K | $40.0K | $7.83M | ($2.47M) |
| Net Income | $2.87M | $153.0K | $3.42M | $3.75M | ($12.89M) | $3.82M |
| EPS - Basic | $0.16 | $0.01 | $0.19 | $0.21 | ($0.75) | $0.23 |
| EPS - Diluted | $0.15 | $0.01 | $0.19 | $0.21 | ($0.75) | $0.23 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.74M | $8.19M | $5.76M | $7.09M | $4.33M | $5.56M |
| Accounts Receivable | $18.85M | $18.91M | $16.60M | $17.38M | $15.86M | $18.43M |
| Inventory | $18.92M | $13.69M | $9.98M | $11.94M | $12.85M | $12.76M |
| Accounts Payable | $4.65M | $5.36M | $4.43M | $3.19M | $6.08M | $5.47M |
| Current Assets | $69.62M | $65.10M | $64.61M | $70.81M | $65.33M | $70.85M |
| Total Assets | $89.88M | $87.40M | $87.53M | $89.24M | $81.87M | $96.47M |
| Current Liabilities | $17.25M | $16.48M | $11.75M | $12.57M | $11.88M | $12.76M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $20.88M | $20.48M | $16.13M | $15.89M | $12.27M | $13.15M |
| Stockholders' Equity | $69.00M | $66.92M | $71.40M | $73.35M | $69.61M | $83.32M |
| Retained Earnings | ($57.94M) | ($56.73M) | ($56.89M) | ($60.30M) | ($64.06M) | ($51.26M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.15M | $5.67M | $13.42M | $3.94M | $3.94M | $9.77M |
| Investing Cash Flow | ($501.0K) | $4.05M | ($6.76M) | ($1.11M) | ($1.11M) | ($16.71M) |
| Financing Cash Flow | ($3.75M) | ($7.25M) | ($8.26M) | ($4.14M) | ($3.13M) | ($3.13M) |
| CapEx | $809.0K | $2.33M | $4.09M | $2.26M | $2.75M | $2.67M |
| Free Cash Flow | $3.34M | $3.34M | $9.33M | $1.68M | $1.19M | $7.10M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 46.0% | 46.1% | 49.0% | 45.8% | 34.0% | 42.4% |
| Operating margin | 2.1% | 0.3% | 4.3% | 3.1% | -6.2% | 1.6% |
| EBITDA margin | 4.9% | 3.7% | 8.2% | 6.3% | -3.1% | 4.4% |
| Net margin | 2.9% | 0.2% | 4.4% | 4.1% | -14.1% | 4.2% |
| Free cash flow margin | 3.4% | 3.8% | 12.0% | 1.9% | 1.3% | 7.8% |
| FCF / Net income | 1.16 | 21.85 | 2.73 | 0.45 | -0.09 | 1.86 |
| R&D / Revenue | 12.9% | 15.2% | 16.2% | 13.5% | 13.0% | 12.2% |
| SG&A / Revenue | 14.6% | 14.2% | 14.0% | 14.8% | 13.5% | 14.3% |
| Effective tax rate | -15.0% | 20.3% | 0.8% | 1.1% | - | -182.9% |
| Return on assets | 3.2% | 0.2% | 3.9% | 4.2% | -15.7% | 4.0% |
| Return on equity | 4.2% | 0.2% | 4.8% | 5.1% | -18.5% | 4.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 4.04 | 3.95 | 5.50 | 5.63 | 5.50 | 5.55 |
| Quick ratio | 2.94 | 3.12 | 4.65 | 4.68 | 4.42 | 4.55 |
| Cash ratio | 0.45 | 0.50 | 0.49 | 0.56 | 0.36 | 0.44 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.30 | 1.31 | 1.23 | 1.22 | 1.18 | 1.16 |
| Liabilities / Assets | 0.23 | 0.23 | 0.18 | 0.18 | 0.15 | 0.14 |
| Efficiency | ||||||
| Asset turnover | 1.11 | 1.00 | 0.88 | 1.02 | 1.12 | 0.95 |
| Inventory turnover | 2.84 | 3.46 | 3.96 | 4.11 | 4.10 | 4.13 |
| Days sales outstanding | 69d | 79d | 78d | 70d | 63d | 74d |
| Days inventory outstanding | 129d | 106d | 92d | 89d | 89d | 88d |
| Days payable outstanding | 32d | 41d | 41d | 24d | 42d | 38d |
| Cash conversion cycle | 166d | 143d | 130d | 135d | 110d | 124d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 13.2% | 13.4% | -14.5% | -0.9% | 0.0% | -5.5% |
| Revenue CAGR (3y) | 3.1% | -1.3% | -5.4% | -2.1% | -5.0% | -5.2% |
| Revenue CAGR (5y) | 1.7% | -1.9% | -6.2% | -3.3% | -2.6% | 0.6% |
| Gross profit growth (YoY) | 13.0% | 6.7% | -8.6% | 33.6% | -19.9% | 10.2% |
| Operating income growth (YoY) | 763.6% | -92.8% | 18.9% | - | - | - |
| Net income growth (YoY) | 1775.2% | -95.5% | -8.9% | - | - | - |
| EPS growth (YoY) | 1400.0% | -94.7% | -9.5% | - | - | - |
| EPS CAGR (3y) | -10.6% | - | -6.2% | - | - | -2.7% |
| EPS CAGR (5y) | -8.2% | - | - | -3.4% | - | - |
| FCF growth (YoY) | -0.1% | -64.2% | 455.2% | 41.3% | -83.3% | -16.4% |
| FCF CAGR (5y) | -14.0% | -17.0% | 6.0% | -14.3% | -32.4% | 33.7% |
| Book value growth (YoY) | 3.1% | -6.3% | -2.7% | 5.4% | -16.5% | 6.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$88.73M totalAntenna And Industrial Internet Of Things Devices$63.02M · 71.0%
Test And Measurement Products$25.70M · 29.0%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
2.44
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing PC TEL INC against the 5 most active filers in the same SIC group.