Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Cost of revenue54¢$53.7M
- Research and development13¢$12.8M
- Other costs30¢$29.7M
- Income tax0¢$374.0K
- Profit3¢$2.9M
Out of $99.4M in revenue.3
Where each dollar of operating cash went, fiscal 2022
- Capital spending20¢$809.0K
- Kept or used elsewhere80¢$3.3M
Out of $4.1M of cash from operations.3
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $85.0M4 | $91.4M5 | $83.0M6 | $90.6M7 | $77.5M8 | $87.8M3 | $99.4M3 |
| Cost of revenue | $50.6M4 | $52.6M4 | $51.9M6 | $49.1M7 | $39.5M8 | $47.3M3 | $53.7M3 |
| Gross profit | $34.4M4 | $38.8M5 | $31.1M6 | $41.5M7 | $37.9M8 | $40.5M3 | $45.7M3 |
| Research and development | $10.2M4 | $11.1M5 | $11.9M6 | $12.3M7 | $12.5M8 | $13.4M3 | $12.8M3 |
| Operating expenses | $40.2M3 | $43.7M3 | |||||
| Operating income | -$1.1M4 | $1.4M5 | -$5.6M6 | $2.8M7 | $3.3M8 | $239.0K3 | $2.1M3 |
| Income before tax | $192.0K3 | $2.5M3 | |||||
| Income tax | $11.8M4 | -$2.5M5 | $7.8M6 | $40.0K7 | $29.0K8 | $39.0K3 | -$374.0K3 |
| Net income | -$17.7M4 | $3.8M5 | -$12.9M6 | $3.8M7 | $2.9M3 | $153.0K3 | $2.9M3 |
| Earnings per share | -$1.094 | $0.235 | -$0.756 | $0.217 | $0.198 | $0.013 | $0.163 |
| Earnings per share (diluted) | -$1.094 | $0.235 | -$0.756 | $0.217 | $0.198 | $0.013 | $0.153 |
| Shares (weighted, basic) | 18.0M shares3 | 18.2M shares3 | |||||
| Shares (weighted, diluted) | 18.1M shares3 | 18.5M shares3 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $14.9M5 | $5.6M5 | $4.3M6 | $7.1M7 | $5.8M8 | $8.2M3 | $7.7M3 |
| Receivables | $18.9M3 | $18.9M3 | |||||
| Inventory | $13.7M3 | $18.9M3 | |||||
| Current assets | $68.4M4 | $71.0M5 | $65.3M6 | $70.8M7 | $64.6M8 | $65.1M3 | $69.6M3 |
| Property, plant and equipment | $11.9M3 | $10.0M3 | |||||
| Goodwill | $6.3M3 | $5.9M3 | |||||
| Intangible assets | $1.6M3 | $1.0M3 | |||||
| Total assets | $92.2M4 | $96.7M5 | $81.9M6 | $89.2M7 | $87.5M8 | $87.4M3 | $89.9M3 |
| Accounts payable | $5.4M3 | $4.6M3 | |||||
| Current liabilities | $13.2M4 | $13.0M5 | $11.9M6 | $12.6M7 | $11.7M8 | $16.5M3 | $17.3M3 |
| Long-term liabilities | $4.0M3 | $3.6M3 | |||||
| Total liabilities | $13.6M4 | $13.3M5 | $12.3M6 | $15.9M7 | $16.1M8 | $20.5M3 | $20.9M3 |
| Retained earnings | -$56.7M3 | -$57.9M3 | |||||
| Shareholders’ equity | $78.5M5 | $83.3M6 | $69.6M7 | $73.3M8 | $71.4M3 | $66.9M3 | $69.0M3 |
| Shares outstanding | 17.3M shares5 | 17.8M shares6 | 18.3M shares7 | 18.6M shares8 | 18.4M shares3 | 18.2M shares3 | 18.7M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $3.9M6 | $10.9M7 | $13.4M8 | $5.7M3 | $4.1M3 | ||
| Depreciation and amortization | $3.0M3 | $2.8M3 | |||||
| Stock-based compensation | $2.9M3 | $4.0M3 | |||||
| Capital spending | $1.7M4 | $2.7M5 | $2.8M6 | $2.3M7 | $4.1M8 | $2.3M3 | $809.0K3 |
| Free cash flow | $1.2M | $8.7M | $9.3M | $3.3M | $3.3M | ||
| Cash from investing | $4.1M3 | -$501.0K3 | |||||
| Share buybacks | $4.1M4 | $04 | $07 | $3.8M8 | $3.2M3 | $03 | |
| Cash from financing | -$7.2M3 | -$3.8M3 | |||||
| Dividend per share | $0.204 | $0.215 | $0.226 | $0.227 | $0.228 | $0.223 | $0.223 |
Corporate structure
PC TEL INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of PC TEL INC
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on PC TEL INC, latest Feb 13, 2024 (3 filings since Feb 11, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on PC TEL INC, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
- Haluk L. Bayraktar Filed SC 13D on PC TEL INC, latest Oct 11, 2023
- Chain of Lakes Investment Fund, LLC Filed SC 13D/A on PC TEL INC, latest Aug 29, 2023
- RUTABAGA CAPITAL MANAGEMENT LLC/MA Filed SC 13G/A on PC TEL INC, latest Feb 13, 2023 (2 filings since Feb 8, 2022)
- ROYCE & ASSOCIATES LP Filed SC 13G/A on PC TEL INC, latest Jan 24, 2023 (2 filings since Jan 25, 2022)
- PC TEL INC Bloomingdale, Illinois
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What PC TEL INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $1.8M3 Dec 31, 2022 | $1.8M3 Dec 31, 2021 | 0% |
| Accumulated depreciation | $27.0M3 Dec 31, 2022 | $28.1M3 Dec 31, 2021 | −3.9% |
| Property and equipment, net | $10.0M3 Dec 31, 2022 | $11.9M3 Dec 31, 2021 | −16.3% |
| Finance-lease assets | $120.0K3 Dec 31, 2022 | $148.0K3 Dec 31, 2021 | −18.9% |
| Operating-lease assets (leased space) | $2.2M3 Dec 31, 2022 | $2.3M3 Dec 31, 2021 | −2.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $7.7M3 Dec 31, 2022 | $8.2M3 Dec 31, 2021 | −5.6% |
| Marketable securities, current | $22.3M3 Dec 31, 2022 | $22.6M3 Dec 31, 2021 | −1.4% |
| Long-term investments | $08 Dec 31, 2021 | $4.6M8 Dec 31, 2020 | −100.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $5.9M3 Dec 31, 2022 | $6.3M3 Dec 31, 2021 | −6.3% |
| Finite-lived intangibles, gross | $29.1M3 Dec 31, 2022 | $29.3M3 Dec 31, 2021 | −0.8% |
| Accumulated amortization | $28.0M3 Dec 31, 2022 | $27.8M3 Dec 31, 2021 | +1.0% |
| Finite-lived intangibles, net | $1.0M3 Dec 31, 2022 | $1.6M3 Dec 31, 2021 | −33.8% |
Inventory
Leadership
Who has led PC TEL INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerMartin H. Singer Feb 16, 2006 to Dec 13, 201612
- ChairMartin H. Singer Feb 16, 2006 to Dec 13, 201612
- Chief financial officerKevin J. McGowan Feb 8, 2019 to Dec 19, 202313
- Chief financial officerJohn W. Schoen Feb 15, 2006 to Sep 4, 201814
- Chief operating officerRishi Bharadwaj Feb 8, 2019 to Dec 19, 202315
- Chief operating officerAnthony Kobrinetz Mar 12, 2014 to Mar 2, 201516
- Chief operating officerJohn W. Schoen Feb 15, 2006 to Feb 13, 200914
Board members and other officers (32)
- Vice PresidentDaniel N. Laredo Mar 3, 2023 to Dec 19, 202317
- Vice PresidentPatricia J. Lancaster Mar 3, 2023 to Dec 19, 202318
- VP - Global MarketingSuzanne Cafferty Aug 10, 2020 to Dec 19, 202319
- VP & CHIEF SALES OFFICERArnt Arvik Aug 29, 2018 to Jan 3, 202320
- VICE PRESIDENT & CIOSumeet Singh Paul Dec 7, 2018 to Dec 19, 202321
- VP and General MgrAtsushi Satoh Mar 24, 2015 to Feb 17, 201622
- VP and General MgrRobert Thomas Joslin Mar 24, 2015 to Feb 17, 201623
- VP and CTO Network AnalyticsJigar (john) Thakkar Apr 9, 2015 to Sep 2, 201524
- VP Finance & Corp ControllerKevin J. McGowan Mar 17, 2014 to Dec 3, 201825
- VP Global Sales&Prod MgmtRishi Bharadwaj Mar 17, 2014 to Nov 19, 201826
- VP, Strategy and CMOCarolyn J. Dolezal Oct 7, 2014 to Feb 17, 201627
- VP and General ManagerTimothy E. Scronce Jul 10, 2012 to Nov 19, 201228
- VP Mfg and DevelopmentAnthony Kobrinetz Apr 5, 2010 to Mar 12, 201429
- Vp, General Mgr OperationsBiju Nair Feb 15, 2006 to Jan 8, 200830
- VP of FinanceLes Sgnilek Feb 15, 2006 to Jan 3, 202331
- Genl Mgr-RF Solutions GrpLuis Rugeles Apr 12, 2006 to Feb 16, 201032
- Board memberAnthony R. Rossabi Jun 30, 2023 to Dec 19, 202333
- Board memberCynthia A. Keith Feb 16, 2018 to Dec 19, 202334
- Board memberGina Haspilaire Dec 2, 2015 to Dec 19, 202335
- Board memberMichael Jay Sinder Dec 15, 2014 to Dec 19, 202336
- Board memberCarolyn J. Dolezal Jun 12, 2013 to Jun 12, 201437
- Board memberCindy K. Andreotti Sep 26, 2013 to Dec 19, 202338
- Board memberMichael W. Davidson Nov 1, 2011 to Aug 6, 201339
- Board memberBrian J. Jackman Jan 18, 2006 to Dec 1, 201740
- Board memberCarl Thomsen Jan 18, 2006 to Jun 11, 201541
- Board memberJohn R. Sheehan Jan 18, 2006 to Jan 3, 201442
- Board memberRichard C. Alberding Jan 18, 2006 to Jun 14, 201243
- Board memberRichard Gitlin Jan 18, 2006 to Mar 24, 200644
- Board memberSteven D. Levy Mar 20, 2006 to Dec 19, 202345
- General counselFritz E. Freidinger Jun 7, 2023 to Dec 19, 202346
- General counselShelley J. Bacastow Jan 7, 2015 to Jun 5, 202347
- General counselVarda A. Goldman May 15, 2008 to Feb 12, 201548
Timeline
- Dec 15, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer49
- Dec 12, 20238-K Shareholder vote50
- Dec 5, 20238-K Other events51
- Nov 8, 20238-K Results of operations52
- Oct 17, 20238-K Entered a material agreement53
- Oct 16, 20238-K Entered a material agreement; Bylaws or fiscal year changed; Other events54
- Aug 9, 20238-K Results of operations55
- Aug 4, 20238-K Shareholder vote56
- Jul 25, 20238-K Regulation FD disclosure57
- Jun 26, 20238-K Shareholder vote58
- May 5, 20238-K Results of operations59
- Mar 8, 20238-K Results of operations; Regulation FD disclosure60
- Feb 16, 2006New chief executive Martin H. Singer becomes CEO12
Calendar
When it reported results
- Nov 8, 2023Reported quarterly or annual results52
- Aug 9, 2023Reported quarterly or annual results55
- May 5, 2023Reported quarterly or annual results59
- Mar 8, 2023Reported quarterly or annual results60
- Nov 4, 2022Reported quarterly or annual results61
- Aug 10, 2022Reported quarterly or annual results62
- May 11, 2022Reported quarterly or annual results63
- Feb 25, 2022Reported quarterly or annual results64
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
186 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 24 major events, 112 insider forms, 12 large holders, 28 other. The latest 20:
- Feb 13, 2024SC 13G/A EDGAR
- Feb 9, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
- Dec 26, 202315-12G EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 19, 20234 EDGAR
- Dec 15, 202325-NSE EDGAR
- Dec 15, 2023S-8 POS EDGAR
- Dec 15, 2023S-8 POS EDGAR
The 186 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 14, 2022 | ARVIK ARNTVP & CHIEF SALES OFFICER | Buy | 3,200 | $4.79 | $15.3K | Form 4 |
| Nov 9, 2021 | Neumann David AChief Executive Officer | Buy | 8,000 | $6.03 | $48.2K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 3 filings Feb 11, 2022 to Feb 13, 202465
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 3 filings Feb 8, 2022 to Feb 9, 202466
- Haluk L. BayraktarSC 13D, 1 filing Oct 11, 202367
- Chain of Lakes Investment Fund, LLCSC 13D/A, 1 filing Aug 29, 202368
- RUTABAGA CAPITAL MANAGEMENT LLC/MASC 13G/A, 2 filings Feb 8, 2022 to Feb 13, 202369
- ROYCE & ASSOCIATES LPSC 13G/A, 2 filings Jan 25, 2022 to Jan 24, 202370
SEC filer profile
How PC TEL INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPC TEL INC1
- CIK0001057083
- Employer ID (EIN)77-03649431
- Filer statusAccelerated filer<br>smaller reporting company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address471 Brighton Drive, Bloomingdale, IL 601081
- Phone630-372-68001
- Shares outstanding19,353,641 as of Nov 9, 202311
- Public float$86.1M as of Jun 30, 202271
- On EDGAR sinceAug 6, 19991
- Filings1,671 in all: 4 (951), 8-K (247), SC 13G/A (108), 10-Q (73), SC 13G (36), 3 (30), 4/A (30), 10-K (24)1
All 39 form types
DEF 14A (24), 8-K/A (16), CORRESP (16), DEFA14A (16), S-8 (15), S-8 POS (15), UPLOAD (14), SD (10), 10-Q/A (7), S-1/A (5), 144 (3), 5 (3), ARS (3), NT 10-K (3), SC 13D/A (3), 10-K/A (2), S-1 (2), SC 13D (2), 15-12G (1), 25-NSE (1), 3/A (1), 424B2 (1), 424B4 (1), 8-A12G (1), CT ORDER (1), DEFM14A (1), NT 10-Q (1), PRE 14A (1), PREM14A (1), RW (1), S-3 (1)
- Latest filingsAnnual report (10-K) Mar 16, 2023
Quarterly report (10-Q) Nov 8, 2023
Proxy statement (DEF 14A) May 11, 2023
Latest 8-K (8-K) Dec 15, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARPC TEL INC filings on SEC EDGAR
- 2SEC EDGARPC TEL INC filings on SEC EDGAR
- 3SEC EDGARPC TEL INC 10-K for fiscal 2022
- 4SEC EDGARPC TEL INC 10-K for fiscal 2016
- 5SEC EDGARPC TEL INC 10-K for fiscal 2017
- 6SEC EDGARPC TEL INC 10-K for fiscal 2018
- 7SEC EDGARPC TEL INC 10-K for fiscal 2019
- 8SEC EDGARPC TEL INC 10-K for fiscal 2020
- 9SEC EDGARPC TEL INC 10-Q for fiscal 2023
- 10SEC EDGARPC TEL INC 10-Q for fiscal 2023
- 11SEC EDGARPC TEL INC 10-Q for fiscal 2023
- 12
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- 15
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- 17SEC EDGARDaniel N. Laredo, Vice President
- 18
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- 20SEC EDGARArnt Arvik, VP & CHIEF SALES OFFICER
- 21
- 22SEC EDGARAtsushi Satoh, VP and General Mgr
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- 31SEC EDGARLes Sgnilek, VP of Finance
- 32
- 33SEC EDGARAnthony R. Rossabi, Board member
- 34SEC EDGARCynthia A. Keith, Board member
- 35SEC EDGARGina Haspilaire, Board member
- 36SEC EDGARMichael Jay Sinder, Board member
- 37SEC EDGARCarolyn J. Dolezal, Board member
- 38SEC EDGARCindy K. Andreotti, Board member
- 39SEC EDGARMichael W. Davidson, Board member
- 40SEC EDGARBrian J. Jackman, Board member
- 41SEC EDGARCarl Thomsen, Board member
- 42SEC EDGARJohn R. Sheehan, Board member
- 43SEC EDGARRichard C. Alberding, Board member
- 44SEC EDGARRichard Gitlin, Board member
- 45SEC EDGARSteven D. Levy, Board member
- 46SEC EDGARFritz E. Freidinger, General counsel
- 47SEC EDGARShelley J. Bacastow, General counsel
- 48SEC EDGARVarda A. Goldman, General counsel
- 49
- 50SEC EDGARShareholder vote
- 51SEC EDGAROther events
- 52SEC EDGARResults of operations
- 53SEC EDGAREntered a material agreement
- 54
- 55SEC EDGARResults of operations
- 56SEC EDGARShareholder vote
- 57SEC EDGARRegulation FD disclosure
- 58SEC EDGARShareholder vote
- 59SEC EDGARResults of operations
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