WPT Still in the Hole: Fool by Numbers
By Motley Fool Contributors
March 14, 2007
Recommended (8)
On March 12, gaming and entertainment company WPT Enterprises (Nasdaq: WPTE) released fourth-quarter earnings for the period ended Dec. 31.
- The top line increased by 13%, primarily driven by the delivery of 24 episodes of the PPT television series.
- Domestic television licensing margin almost doubled to 62% because PPT production costs had already been expensed.
- The company plans to debut its online gaming website in the middle of 2007.
- Tell us what you think about WPT in Motley Fool CAPS, our new community intelligence database. While you're there, check out ratings for gaming companies ShuffleMaster (Nasdaq: SHFL), PokerTek (Nasdaq: PTEK), and IGT (NYSE: IGT).
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q4 2006
|
Q4 2005
|
Change
|
|
Sales
|
$5,911
|
$5,232
|
13.0%
|
|
Net Profit
|
($1,081)
|
($1,420)
|
N/A
|
|
EPS
|
($0.05)
|
($0.07)
|
N/A
|
|
Diluted Shares
|
20,064
|
19,723
|
1.7%
|
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006
|
Q4 2005
|
Change*
|
|
Gross Margin
|
66.5%
|
64.4%
|
2.1
|
|
Operating Margin
|
(10.9%)
|
(32.4%)
|
21.5
|
|
Net Margin
|
(18.3%)
|
(27.1%)
|
8.9
|
*Expressed in percentage points.
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets
|
Q4 2006
|
Q4 2005
|
Change
|
|
Cash + ST Invest.
|
$39,623
|
$28,472
|
39.2%
|
|
Accounts Rec.
|
$2,353
|
$3,091
|
(23.9%)
|
|
Inventory
|
$55
|
$45
|
22.2%
|
|
Liabilities
|
Q4 2006
|
Q4 2005
|
Change
|
|
Accounts Payable
|
$674
|
$1,550
|
(56.5%)
|
|
Long-Term Debt
|
$0
|
$0
|
N/A
|
The balance sheet reflects the company's health.
Cash Flow Highlights
No data available. Lame.
Free cash flow is a Fool's best friend.
Related Foolishness:
ShuffleMaster is a Stock Advisor recommendation. You can take the newsletter dedicated to the very best of David and Tom Gardner's selections for a 30-day free spin.
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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
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