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PCLA

PicoCELA Inc.

PCLA

PicoCELA Inc. • NASDAQ
$0.30 ▲ 1.43% (+0.00)
Market Cap $7.38 M
52w High $9.80
52w Low $0.27
Dividend Yield 0%
P/E -2.49
Volume 90.32K
Outstanding Shares 24.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $126.29M $217.315M $-158.114M -125.199% $-6.69 $-139.072M
Q1-2025 $126.29M ▼ $217.315M ▲ $-158.114M ▼ -125.199% ▼ $-6.69 ▼ $-139.072M ▼
Q4-2024 $252.961M $202.79M $-81.052M -32.041% $-5.6 $-59.898M
Q3-2024 $252.961M ▲ $202.79M ▼ $-81.052M ▲ -32.041% ▲ $-5.6 ▲ $-59.898M ▲
Q2-2024 $139.24M $232.402M $-158.909M -114.125% $-22.34 $-153.361M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $326.633M $919.02M $468.932M $450.088M
Q1-2025 $326.633M ▼ $919.02M ▼ $468.932M ▼ $450.088M ▲
Q4-2024 $456.775M ▼ $1.235B $879.963M $354.79M
Q3-2024 $487.667M ▲ $1.235B ▲ $879.963M ▲ $354.79M ▼
Q2-2024 $407.797M $1.089B $711.308M $378.174M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-158.114M $-1.614M ▲ $-137.616K ▲ $896.34K ▼ $2.171M ▲ $-128.296M
Q1-2025 $-158.114M ▼ $-122.82M ▼ $-10.475M ▲ $68.224M ▲ $0 $-128.296M ▼
Q4-2024 $-81.052M $-31.023M $-12.181M $67.694M $0 ▲ $-34.624M
Q3-2024 $-81.052M ▲ $-31.023M ▲ $-12.181M ▼ $67.694M ▼ $-407.797M ▼ $-34.624M ▲
Q2-2024 $-158.909M $-90.383M $-9.832M $90.129M $407.797M $-96.189M

Five-Year Company Overview

Income Statement

Income Statement PicoCELA is a small but growing revenue business, with sales trending upward over the past few years. The company already generates healthy gross margins, which suggests the core technology and solutions have pricing power and add clear value. However, operating costs are still much larger than revenues, so operating and net losses remain significant. Losses deepened as the company invested for growth, then improved somewhat more recently, but there is still no sign of profitability. Overall, this looks like an early-stage growth profile: promising top-line momentum, but income statements dominated by red ink for now.

Balance Sheet

Balance Sheet The balance sheet has expanded, with total assets increasing as the business has grown and prepared for listing. Cash has been built up compared to earlier years, but not to a level that makes funding concerns disappear if losses continue for long. Debt has risen meaningfully, while equity has been pressured by ongoing losses, leading to a more leveraged capital structure. This mix suggests the company is relying more on borrowing and external capital to fund its strategy. Financial flexibility exists, but it is not unlimited, and the balance sheet will likely need support from either stronger cash generation or additional capital over time.

Cash Flow

Cash Flow PicoCELA consistently uses cash in its core operations, reflecting the gap between revenues and the cost base. Cash burn from operations was particularly heavy at one point and has since improved, but it remains clearly negative. Capital spending is relatively modest, which means most of the cash usage is tied to people, development, and go-to-market activities rather than physical assets. Free cash flow is negative across all years, highlighting that the business is not yet self-funding. The company’s future cash position will depend heavily on its ability to grow sales efficiently and keep spending in check, or to access additional external funding when needed.

Competitive Edge

Competitive Edge PicoCELA occupies a focused niche in enterprise wireless mesh networking, especially in hard-to-wire or temporary environments like construction sites and industrial facilities. Its patented backhaul engine, strong performance over many wireless “hops,” and integrated hardware-plus-cloud offering provide a clear technical edge versus generic Wi‑Fi solutions. The company also benefits from a portfolio of patents, real-world reference deployments, and a reputation in demanding use cases, which together form a meaningful but still narrow moat. On the other hand, it operates in a market with powerful global competitors in Wi‑Fi and networking, many with deeper pockets, broader product lines, and larger sales channels. The key competitive question is whether PicoCELA can scale awareness and distribution fast enough to turn its technical differentiation into durable market share outside its home base.

Innovation and R&D

Innovation and R&D Innovation is a core strength: PicoCELA’s backhaul engine, multi-hop design, dynamic routing, and edge-computing capabilities show a long-standing R&D effort and clear technical ambition. The company holds a sizable patent portfolio, reinforcing barriers to imitation and supporting technology licensing opportunities. A meaningful portion of recent funding is being directed to R&D, signaling a continued push for new products, better performance, and more advanced edge features. Future growth opportunities lie in expanding the product line, enhancing software and cloud capabilities, and embedding the technology in partner solutions through licensing. The main uncertainty is not the existence of innovation, but how effectively it can be translated into scalable, profitable commercial offerings across global markets.

Summary

PicoCELA is an early-stage, innovation-led telecoms and networking company with a distinctive technology platform and growing revenues, but still firmly in the investment and loss-making phase. Its income statement shows solid gross margins but persistent operating and net losses, while the balance sheet and cash flows underline dependence on external capital and the need to manage leverage and burn carefully. Technologically, it appears to have a real edge in enterprise wireless mesh networking, supported by patents, integrated solutions, and successful deployments in challenging environments. The big open questions center on scale: expanding internationally, building strong partner ecosystems, and converting technical superiority into sustainable, profitable growth. Outcomes are likely to be sensitive to execution, market adoption, and capital access over the next several years, leading to a naturally higher level of uncertainty around long-term financial performance.