NETWORK EQUIPMENT TECHNOLOGIES INC
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Financials
SEC XBRL · annual| FY12 | FY11 | FY10 | |
|---|---|---|---|
| Revenue | $50.2M | $60.1M | $74.5M |
| Operating income | −$31.8M | −$24.8M | −$18.1M |
| Net income | −$34.1M | −$26.3M | −$17.8M |
| Total assets | $55.8M | $89.4M | — |
| Total liabilities | — | — | — |
| Equity | $6.9M | $38.2M | $60.1M |
| EPS (diluted) | — | — | — |
| Shares out. | 30.6M | 30.4M | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2012- Operating margin
- −63.4%
- Net margin
- −68.1%
- Return on equity
- −491.8%
- Return on assets
- −61.2%
- Return on capital (ROCE)
- −75.1%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $0.23
- Revenue growth (YoY)
- −16.6%
- 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 · FY2012- Accruals / assets
- −16.2%clean
- Piotroski F-Score
- 2/8weak
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. What these scores mean →
Signs
● 1 severe● 4 warning● 1 good- 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
- Negative 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-Qmissed a reporting deadline ↗Aug 13, 1998
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.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Slattery Frank PaulOfficer — V.P. & General Counsel | Aug 24, 2012 | J | 11,016 | $1.35 |
| Dalessio Frederick DDirector | Aug 24, 2012 | J | 55,000 | $1.35 |
| Patel Praheladbhai SOfficer — Vice President, Operations | Aug 24, 2012 | J | 7,103 | $1.35 |
| Fitzpatrick James ThomasOfficer — Vice President | Aug 24, 2012 | J | 3,666 | $1.35 |
| Wagenseller DavidOfficer — President and CEO | Aug 24, 2012 | J | 8,527 | $1.35 |
| Le Francois POfficer — Vice President, Sales | Aug 24, 2012 | J | 12,691 | $1.35 |
| Doll DixonDirector | Aug 24, 2012 | J | 185,797 | $1.35 |
| Keating C Nicholas JrDirector | Aug 24, 2012 | J | 74,837 | $1.35 |
| Isacks Kevin NeilOfficer — Chief Development Officer | Aug 24, 2012 | J | 11,704 | $1.35 |
| Laube DavidDirector | Aug 24, 2012 | J | 89,729 | $1.35 |
| Laube DavidDirector | Aug 5, 2012 | Option exercise | 15,000 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Completed an acquisition or disposition · Debt acceleration / triggering event · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsAug 27, 2012
- Shareholder vote · Other material eventAug 24, 2012
- Other material eventAug 16, 2012
- Regulation FD disclosureAug 3, 2012
- Results of operationsAug 2, 2012
- Entered a material agreementJun 20, 2012
- Director / officer changeJun 19, 2012
- Other material eventJun 19, 2012
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SC 13GNWK 13G STAFFORD CAPITAL MGMTSep 5, 2012
- 15-12GSep 4, 2012
- EFFECTAug 31, 2012
- S-8 POSAug 27, 2012
- S-8 POSAug 27, 2012
- S-8 POSAug 27, 2012
- S-8 POSAug 27, 2012
- S-8 POSAug 27, 2012
- S-8 POSAug 27, 2012
- POS AMAug 27, 2012
- 8-KFORM 8-KAug 27, 2012
- 4PRIMARY DOCUMENTAug 24, 2012
- 4PRIMARY DOCUMENTAug 24, 2012
- 4PRIMARY DOCUMENTAug 24, 2012
- 4PRIMARY DOCUMENTAug 24, 2012
Event-driven situations (2)
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