On July 18, magnetoresistive random access memory specialist NVE Corporation
- Sales, earnings, and free cash flow were all up nicely. Investors wanted more, however, and sent the stock down 14%.
- On the earnings conference call, management said manufacturing efficiencies were a major driver in the dramatic gross margin improvement.
- The stock carries a bottom-of-the-ladder one-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q1 2008 |
Q1 2007 |
Change |
|
|---|---|---|---|
|
Sales |
$4,709.3 |
$3,635.2 |
29.5% |
|
Net Profit |
$1,587.3 |
$891.8 |
78.0% |
|
EPS |
$0.33 |
$0.19 |
73.7% |
|
Diluted Shares |
4,809.9 |
4,693.1 |
2.5% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2008 |
Q1 2007 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
69.4% |
61.5% |
7.9 |
|
Operating Margin |
46.6% |
35.7% |
10.9 |
|
Net Margin |
33.7% |
24.5% |
9.2 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2008 |
Q1 2007 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$2,109.0 |
$2,486.4 |
(15.2%) |
|
Accounts Rec. |
$2,295.0 |
$1,919.8 |
19.5% |
|
Inventory |
$2,072.5 |
$2,104.0 |
(1.5%) |
|
Liabilities |
Q1 2008 |
Q1 2007 |
Change |
|---|---|---|---|
|
Accounts Payable |
$311.2 |
$287.6 |
8.2% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2008 |
YTD 2007 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$1,876.9 |
$591.6 |
217.3% |
|
Capital Expenditures |
$225.3 |
$57.3 |
293.5% |
|
Free Cash Flow |
$1,651.6 |
$534.3 |
209.1% |
Free cash flow is a Fool's best friend.
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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.
