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Motley Fool Contributors
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April 26, 2007
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On April 25, robotics specialist and Rule Breakers recommendation iRobot (Nasdaq: IRBT ) released first-quarter earnings for the period ended March 31.
- Revenue increased by 3.3% to $39.5 million, mainly because of an increase in government business.
- During the quarter, the company received an order from the German Federal Defense Forces to supply 22 iRobot PackBot EOD robots and spare parts in a deal valued at more than $2.8 million. It also expanded its family of home robots with the introduction of its Verro Pool Cleaning Robots.
- Motley Fool CAPS investors rate the stock below average, at two stars (out of five).
(Figures in thousands, except per-share data)
Income Statement Highlights
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Q1 2007
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Q1 2006
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Change
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Sales
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$39,487
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$38,209
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3.3%
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Net Profit
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($5,501)
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($2,917)
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N/A
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EPS
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($0.23)
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($0.12)
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N/A
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Diluted Shares
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23,903
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23,375
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2.3%
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Get back to basics with the income statement.
Margin Checkup
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Q1 2007
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Q1 2006
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Change*
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Gross Margin
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28.2%
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31.9%
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(3.8)
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Operating Margin
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(16.3%)
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(10.0%)
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(6.2)
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Net Margin
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(13.9%)
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(7.6%)
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(6.3)
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*Expressed in percentage points.
Margins are the earnings engine.
Balance Sheet Highlights
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Assets
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Q1 2007
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Q1 2006
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Change
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Cash + ST Invest.
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$69,797
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$82,056
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(14.9%)
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Accounts Rec.
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$16,237
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$10,939
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48.4%
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Inventory
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$16,199
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$16,674
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(2.8%)
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Liabilities
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Q1 2007
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Q1 2006
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Change
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Accounts payable
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$17,815
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$21,915
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(18.7%)
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Long-Term Debt
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$0
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$0
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N/A
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The balance sheet reflects the company's health.
Cash Flow Highlights
Management needs to develop a robot that will produce a cash flow statement for it. Oh, wait, that's called a computer!
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.
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