Same Sad Story at GlobeTel: Fool by Numbers

On Aug.14, GlobeTel (AMEX: GTE  ) released Q2 2006 earnings for the period ending June 30.
  • Revenues rise 9.8% and net loss narrows to $4 million.
  • Share count balloons nearly 40%.
  • Cash used by operations comes to $7.8 million versus $4.6 million in the prior, year-to-date period.
  • Cash position dwindles to $1.9 million.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q2 2006

Q2 2005

Change

Sales

$21,629

$19,701

9.8%

Net Profit

($3,969)

($5,957)

N/A

EPS

($0.04)

($0.08)

N/A

Diluted Shares

104,468

75,004

39.3%



Get back to basics with a look at the income statement.

Margin Checkup

Q2 2006

Q2 2005

Change*

Gross Margin

1.87%

(0.42%)

2.29

Operating Margin

(18.38%)

(30.32%)

11.94

Net Margin

(18.35%)

(30.24%)

11.89

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q2 2006

Q2 2005

Change

Cash + ST Invest.

$1,869

$3,537

(47.1%)

Accounts Rec.

$1,575

$1,076

46.4%

Inventory

$368

$61

502.8%



Liabilities

Q2 2006

Q2 2005

Change

Accounts Payable

$1,179

$784

50.5%

Long-Term Debt

$0

$0

N/A



Learn the ways of the balance sheet.

Cash Flow Highlights

Q2 2006

Q2 2005

Change

Cash From Ops.

($7,768)

($4,619)

N/A

Capital Expenditures

$610

$5,939

(89.7%)

Free Cash Flow

($8,378)

($10,558)

N/A



Find out why Fools always follow the money.

Related Companies:

  • Nokia (NYSE: NOK  )
  • Motorola (NYSE: MOT  )
  • Lockheed Martin (NYSE: LMT  )
  • AT&T (NYSE: T  )
  • Verizon (NYSE: VZ  ) )

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.com for more of our in-depth discussion of what the numbers mean.

AT&T was a formerMotley Fool Stock Advisorpick.

At the time of publication, Seth Jayson had no positions in any company mentioned. Fool rules are here.


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