On May 14, Chinese online travel services company eLong
- Revenue increased by 26.8% to $8.5 million, driven by a 50% increase in air ticketing stemming from an increase in volume, while revenue per air ticket remained constant.
- The company recently experienced a change in management, with Tom SooHoo resigning as CEO. Henrik Kjellberg, the company's chairman since March of 2007 and president of Expedia Asia Pacific -- a division of Expedia
(NASDAQ:EXPE) -- will serve as the interim CEO. - The company expects revenue to be in the range of $9.5 to $10.5 million in Q2, a 9% to 21% increase year over year.
- eLong is a whopping five-star stock in CAPS, our free interactive stock database, beating Chinese competitor Ctrip.com
(NASDAQ:CTRP) and domestic Priceline.com(NASDAQ:PCLN) , which hold four and three stars, respectively.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$8,453 |
$6,669 |
26.8% |
|
Net Profit |
($101) |
($1,521) |
N/A |
|
EPS |
$0.00 |
($0.03) |
N/A |
|
Diluted Shares |
50,685 |
50,354 |
0.7% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
72.9% |
75.4% |
(2.5) |
|
Operating Margin |
(7.9%) |
(29.0%) |
21.1 |
|
Net Margin |
(1.2%) |
(22.8%) |
21.6 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$153,435 |
$121,887 |
25.9% |
|
Accounts Rec. |
$4,863 |
$4,538 |
7.2% |
|
Inventory |
N/A |
N/A |
N/A |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$15,521 |
$11,641 |
33.3% |
|
Long-Term Debt |
N/A |
N/A |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
eLong must be on vacation, because it forgot to include a cash flow statement.
Free cash flow is a Fool's best friend.
Related Foolishness:
Ctrip.com is a Hidden Gems pick, while Priceline.com is a Stock Advisor recommendation. A free 30-day trial to either newsletter will have your portfolio dancing across continents.
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.
