Turbochef Dices Q3: Fool by Numbers

On Nov. 8, Turbochef (Nasdaq: OVEN), a designer, manufacturer, and marketer of a variety of speed-cooking solutions, released third-quarter earnings for the period ended Sept. 30.

• Revenues surged 13.4%, helped by increase in revenue from non-Subway customers.
• Gross margins moved into positive territory after last year's extended warranty program put a damper on margins.
• Turbochef has a one-star rating in Motley Fool CAPS.

(Figures in thousands, except per-share data)

Income Statement Highlights

	Q3 2006	Q3 2005	Change
Sales	$13,401	$11,814	13.4%
Net Profit	($10,668)	($16,715)	N/A
EPS	($0.37)	($0.59)	N/A
Diluted Shares	28,835.8	28,525.1	1.1%

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Margin Checkup

	Q3 2006	Q3 2005	Change*
Gross Margin	37.7%	(22.9%)	60.6
Operating Margin	(81.3%)	(145%)	63.7
Net Margin	(79.6%)	(141.5%)	61.9

*Expressed in percentage points.

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Balance Sheet Highlights

Assets	Q3 2006	Q3 2005	Change
Cash + ST Invest.	$25,902	$46,656	(44.5%)
Accounts Rec.	$8,345	$8,578	(2.7%)
Inventory	$10,249	$11,732	(12.6%)

Liabilities	Q3 2006	Q3 2005	Change
Accounts Payable	$6,720	$5,853	14.8%
Long-Term Debt	$0	$0	N/A

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Cash Flow Highlights

	YTD 2006	YTD 2005	Change
Cash From Ops.	($12,01)	($13,850)	N/A
Capital Expenditures	$2,876	$2,649	8.6%
Free Cash Flow	($14,895)	($16,499)	N/A

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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 checkFool.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.