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Westell (WSTL)

Westell Technologies, Inc. engages in the provision of wireless infrastructure solutions. It operates through the following segments: In-Building Wireless, Intelligent Site Management, and Communications Network Solutions. The In-Building Wireless segment refers to the solutions which enable cellular coverage in stadiums, arenas, malls, buildings, and other indoor areas. The Intelligent Site Management segment offers a suite of remote units which provide machine-to-machine communications that enable operators to monitor, manage, and control site infrastructure and support systems. The Communications Network Solutions segment includes a broad range of outdoor network infrastructure offerings consisting of integrated cabinets, power distribution products, copper and fiber connectivity panels, T1 network interface units, and tower mounted amplifiers. The company was founded in October 1980 and is headquartered in Aurora, IL.

Company profile

Ticker
WSTL
Exchange
CEO
Timothy Duitsman
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Westell, Inc. ...
IRS number
363154957

WSTL stock data

Calendar

21 May 21
28 Sep 22
31 Mar 23
Quarter (USD) Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 16.88M 16.88M 16.88M 16.88M 16.88M 16.88M
Cash burn (monthly) (no burn) 332.08K 593K 390.08K (no burn) (no burn)
Cash used (since last report) n/a 5.95M 10.63M 6.99M n/a n/a
Cash remaining n/a 10.93M 6.26M 9.89M n/a n/a
Runway (months of cash) n/a 32.9 10.6 25.4 n/a n/a

Beta Read what these cash burn values mean

13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Risks
  • We have incurred losses in the past and may incur losses in the future.
  • Our business operations and financial condition have been adversely impacted, and may continue to be materially and adversely affected, by the ongoing COVID-19 pandemic, and other outbreaks of infectious diseases may have a similar
  • We have in the past and may in the future experience significant delays or other complications in the design, manufacture, launch, and production ramp of new products, which could harm our business, prospects, reputation, financial condition, and operating results.
  • We have completed acquisitions in the past and may engage in future acquisitions that could impact our financial results or stock price.
  • We have long-term customer pricing contracts but few long-term contracts or arrangements with our suppliers, including temporary labor, which could adversely affect our ability, with certainty or economically, to purchase components and technologies used in our products or to economically manufacture products.
  • Our lack of backlog and market visibility may affect our ability to adjust for unexpected changes in customer demand.
  • We face significant inventory risk.
  • Our customers have lengthy purchase cycles and unpredictable purchasing practices that affect our ability to sell our products.
  • Our business is subject to the risks of international operations.
  • Due to the rapid pace of technological change and volatile customer demand, our products may become obsolete and could cause us to incur charges for excess and obsolete inventory, which would materially harm our business.
  • Our products and services face intense competition. Our failure to compete successfully could materially affect our profitability.
  • We are dependent on third-party technology, the loss of which would harm our business.
  • We are dependent on sole or limited source suppliers and independent contract manufacturers and the loss or disruptions of these products and services would harm our business.
  • If we are not able to effectively manage human capital resources, including retaining and hiring additional key personnel, we will not be able to successfully compete, develop and sell products and services.
  • Industry consolidation and divestiture could make competing more difficult.
  • Utilization of our deferred tax assets could be limited by an ownership change as defined by Section 382 of the Internal Revenue Code, or by a change in the tax code, or by our ability to generate future taxable income.
  • We have and may incur liabilities in connection with the sale of certain assets and discontinued operations.
  • Any restructuring activities that we have undertaken and may undertake in the future may not achieve the benefits anticipated and could result in additional unanticipated costs, which could have a material adverse effect on our business, financial condition, cash flows or results of operations.
  • An impairment of long-lived assets could adversely impact our reported financial results.
  • Our business may be affected by uncertain government regulation, and current or future laws or regulations could restrict the way we operate our business or impose additional costs on our business.
  • Our inability to successfully maintain business continuity could impair our ability to deliver our products and services and harm our business.
  • Our failure or the failure of third-party service providers to protect our sites, networks and systems against security breaches, or otherwise to protect our confidential information, could adversely affect our business and financial results as well as damage our reputation.
  • We may be subject to litigation that could be costly to defend and could impact our profitability.
  • Our indemnification obligations for infringement by our products of the rights of others could require us to pay substantial damages.
  • Potential product recalls, service failures and warranty expenses could adversely affect our profitability.
  • The Company has delisted the Class A Common Stock from the Nasdaq Stock Market and SEC reporting requirements were automatically suspended beginning with the fiscal year that commended on April 1, 2021.
  • We could be the subject of future investigation by governmental authorities that could adversely affect
  • While our Class A Common Stock is traded on the OTC Pink Open Market, its price is characterized by significant price volatility.
  • Our principal stockholders can exercise significant influence that could discourage transactions involving a change of control and may affect your ability to receive a premium for Class A Common Stock that you purchase.
Management Discussion
  • As noted above, the Company’s reporting obligations with the SEC were suspended beginning with the fiscal year that commenced on April 1, 2021; therefore, this Form 10-K will be the last Company financial document filed with the SEC unless circumstances change and reporting obligations are re-activated. The Company intends to file future quarterly, unaudited results on the OTC Market website beginning with quarter ending June 30, 2021, but could reassess in the future. Westell Technologies, Inc. (Pink: WSTL) trades on the OTC Pink Open Market and the Westell financial information can be found at: www.otcmarkets.com/stock/WSTL/financials.
  • Westell Technologies, Inc., (the “Company”) was incorporated in Delaware in 1980 and is headquartered at 750 North Commons Drive, Aurora, Illinois 60504. The Company is a leading provider of high-performance network infrastructure solutions focused on innovation and differentiation at the edge of communication networks where end users connect. The Company’s portfolio of products and solutions enable service providers and network operators to improve performance and reduce operating expenses. With millions of products successfully deployed worldwide, the Company is a trusted partner for transforming networks into high-quality reliable systems.
  • On September 29, 2020, the Company filed amendments to its amended and restated certificate of incorporation to effect a 1-for-1,000 reverse stock split of the Company’s Class A and Class B Common Stock, followed immediately by a 1,000-for-1 forward stock split (the “Transaction”). The Company's stockholders approved the Transaction at the Annual Meeting of Stockholders held on September 29, 2020. The effective date of the Transaction was October 1, 2020. As a result of the Transaction, the Company paid $7.2 million to repurchase approximately 4.9 million shares of the Class A Common Stock at a purchase price of $1.48 per share.

Content analysis

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