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Sure, I can provide you with some general information about Communications Equipment company PCTEL, Inc. (PNTR). Please note that while I strive to provide accurate and up-to-date information, I highly recommend doing your own research or consulting with a financial advisor before making any investment decisions.
PCTEL, Inc. is a leading global provider of wireless technology, including antennas and testing solutions, for the public safety, industrial, healthcare, and federal markets. The company was founded in 1994 and is headquartered in Bloomingdale, Illinois.
Here are some key financial metrics for PCTEL as of its most recent financial report:
* Revenue: For the year ended December 31, 2021, PCTEL reported total revenue of $74.4 million, up from $50.2 million in 2020, representing a year-over-year increase of 48.2%.
* Net Income: PCTEL reported net income of $3.4 million for 2021, compared to a net loss of $3.3 million in 2020, representing a significant improvement in profitability.
* Earnings Per Share (EPS): PCTEL reported diluted EPS of $0.21 for 2021, compared to a loss per share of $0.21 in 2020, representing a significant improvement in earnings.
* Cash and Cash Equivalents: As of December 31, 2021, PCTEL reported cash and cash equivalents of $13.7 million, up from $11.1 million at the end of 2020.
PCTEL has demonstrated strong revenue and earnings growth over the past year, driven by its strategic focus on providing innovative wireless technology solutions for mission-critical applications. The company's cash position has also improved, providing it with greater financial flexibility to invest in growth opportunities and return value to shareholders.
That being said, investing in the stock market always carries risk, and it's important to carefully consider a company's financial health, competitive position, and market trends before making any investment decisions.