WESTELL TECHNOLOGIES INC
Technology · Telephone & Telegraph Apparatus · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | |
|---|---|---|---|---|---|---|
| Revenue | $29.9M | $30.0M | $43.6M | $58.6M | $63.0M | $88.2M |
| Operating income | −$4.7M | −$10.5M | −$11.6M | −$1.5M | −$16.1M | −$16.8M |
| Net income | −$2.7M | −$10.1M | −$11.4M | $31,000 | −$15.9M | −$16.2M |
| Total assets | $32.3M | $37.5M | $48.9M | $60.5M | $65.5M | $86.0M |
| Total liabilities | $10.1M | $5.9M | $7.7M | $8.2M | $13.4M | $19.3M |
| Equity | $22.2M | $31.7M | $41.2M | $52.3M | $52.2M | $66.7M |
| EPS (diluted) | $-0.20 | $-0.65 | $-0.73 | $0.00 | $-0.26 | $-0.27 |
| Shares out. | 13.3M | 15.5M | 15.5M | 15.7M | 15.3M | 60.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- −15.6%
- Net margin
- −9.1%
- Return on equity
- −12.3%
- Return on assets
- −8.5%
- Return on capital (ROCE)
- −17.9%
- Liabilities / assets
- 31.3%
- Debt / equity
- 0.46×
- Book value / share
- $1.66
- Revenue growth (YoY)
- −0.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2021- Altman Z″ (distress)
- -30.03distress
- Accruals / assets
- −8.8%clean
- Beneish M-Score
- -2.96normal
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Jul 1, 2002
- NT 10-Kmissed a reporting deadline ↗Jul 2, 2001
- NT 10-Qmissed a reporting deadline ↗Feb 15, 2001
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligationMar 19, 2021
- Director / officer changeDec 14, 2020
- Director / officer changeNov 5, 2020
- Entered a material agreement · Terminated a material agreement · Delisting / listing-standard notice · Shareholder vote · Other material eventSep 29, 2020
- Results of operationsAug 14, 2020
- Other material eventAug 3, 2020
- Other material eventJul 10, 2020
- Results of operations · Regulation FD disclosureJun 17, 2020
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.