On Dec. 7, video-on-demand infrastructure expert SeaChangeInternational
- Sales growth was healthy and the net loss was cut in half. That's an operational tour de force, considering the narrowing gross margin.
- SeaChange has a healthy balance sheet with plenty of cash, no debt, and a rising ratio of payables to receivables. The company can survive many more quarters of losses like this one before even considering a bank loan.
- This is a four-star Motley Fool CAPS stock, and nearly half of all players with an opinion on the stock are all-star Bulls. Has the community found a diamond in the rough here? Let us know what you think.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q3 2007 |
Q3 2006 |
Change |
|
---|---|---|---|
Sales |
$42,254 |
$35,321 |
19.6% |
Net Profit |
($1,033) |
($2,108) |
N/A |
EPS |
($0.04) |
($0.07) |
N/A |
Diluted Shares |
29,031 |
28,308 |
2.6% |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2007 |
Q3 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
46.32% |
41.36% |
4.96 |
Operating Margin |
(5.15%) |
(10.26%) |
5.11 |
Net Margin |
(2.44%) |
(5.97%) |
3.53 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2007 |
Q3 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$39,051 |
$51,237 |
(23.8%) |
Accounts Rec. |
$32,243 |
$25,611 |
25.9% |
Inventory |
$18,067 |
$19,385 |
(6.8%) |
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
---|---|---|---|
Accounts Payable |
$16,332 |
$8,513 |
91.8% |
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Is it going to take a sea change to get these companies to release a cash flow statement with earnings?
Find out why Fools always follow the money.
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How can the Fool help you spruce up your portfolio for the new year? Visit our new Motley Fool CAPS investment community for stock ideas.
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 check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Fool contributor Anders Bylund had no position in any company mentioned. Fool rules are here.