Turbochef Dices Q3: Fool by Numbers
By Motley Fool Contributors
November 9, 2006
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%
|
Get back to basics with a look at the income statement.
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.
Margins are the earnings engine. See how they work.
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
|
Learn the ways of the balance sheet.
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
|
Find out why Fools always
follow the money.
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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.