Universal Display Lights the Way: Fool by Numbers

On May 10, 2006, Universal Display (Nasdaq: PANL  ) released Q1 2006 earnings for the period ended March 31.

  • Sales of $3.27 million beat estimates and represented a triple-digit year-over-year percentage gain. That's outrageous growth.
  • Net cash improved by roughly $10 million, and $4.4 million worth of debt was retired.

(Figures in thousands, except per-share data)

Income Statement Highlights

Avg. Est.

Q1 2006

Q1 2005

% Change

Sales

$3,240

$3,271

$1,467

123%

Net Profit

--

($3,522)

($4,991)

N/A

EPS

$(0.14)

($0.12)

($0.18)

N/A



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

Margin Checkup

Q1 2006

Q1 2005

Change

Gross Margin

97.6%

98.17%

(0.57%)

Op. Margin

(122.04%)

(355.13%)

233.09%

Net Margin

(107.66%)

(340.2%)

232.52%



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2006

Q1 2005

% Change

Cash+ ST Invest.

$47,703

$41,837

14%

Inventory

$39

$39

0%

Accounts Rec.

$2,276

$1,146

98.6%



Liabilities

Q1 2006

Q1 2005

% Change

Long-Term Debt

--

$4,400

(100%)

Accounts Pay.

$623

$763

(18.3%)



Learn the ways of the balance sheet.

Cash Flow Checkup

Q1 2006

Q1 2005

% Change

Cash From Ops

($3,316)

($1,173)

N/A

Capital Expend.

$430

$1,544

(72.2%)

Free Cash Flow

($3,746)

($2,717)

N/A



Find out why Fools always follow the money.

Related Companies:

  • Cambridge Display Technology (Nasdaq: OLED  )
  • Eastman Kodak (NYSE: EK  )
  • NEC (Nasdaq: NIPNY  )
  • Samsung
  • Sony (NYSE: SNE  )

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.

Universal Display is aMotley Fool Rule Breakersselection.Ask us for an all-access pass to find out what other stocks are helping David Gardner and his Foolish band of analysts beat the market's average return by more than 17%. It's free for 30 days.

Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Fool profile. The Motley Fool has an ironclad disclosure policy.


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