On March 15, venture capital investment firm Harris & Harris
- The Motley Fool Rule Breakers recommendation recorded six new investments in "tiny technology" (mostly nanotech) companies in 2006, with 14 additional follow-on investment rounds.
- The firm now has a stake in 31 different companies.
- Because Harris & Harris' purpose is "to achieve long-term capital appreciation, rather than current income, by making venture capital investments in early-stage companies" some of the traditional numbers below aren't a lot of help in describing the state of the company. The "Net asset value per outstanding share" row is a better measure.
- The stock carries a solid four-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$719.0 |
$801.7 |
(10.3%) |
|
Net Profit |
($6,248.0) |
($5,389.0) |
N/A |
|
EPS |
($0.30) |
($0.29) |
N/A |
|
Diluted Shares |
20,759.5 |
18,471.8 |
12.4% |
|
Net asset value per outstanding share |
$5.42 |
$5.68 |
(4.6%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Operating Margin |
(439.8%) |
230.9% |
(670.8) |
|
Net Margin |
(869.0%) |
(672.2%) |
(196.8) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$2,071.8 |
$1,213.3 |
70.8% |
|
Accounts Rec. |
$1,445.3 |
$323.6 |
346.6% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$4,115.3 |
$3,174.2 |
29.6% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($14,955.3) |
($2,914.3) |
N/A |
|
Capital Expenditures |
$15.1 |
$45.7 |
(67.0%) |
|
Free Cash Flow |
($14,970.4) |
($2,960.0) |
N/A |
Free cash flow is a Fool's best friend.
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 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.
