Cascade's Bubbly Quarter: Fool by Numbers

On Feb. 13, integrated circuits tester Cascade Microtech (Nasdaq: CSCD  ) released fourth-quarter earnings for the period ended Dec. 31.

• Revenues were up 28%, backed by a 22% rise in the engineering products division and a 53% spike in the production probes division.
• Management expects revenues in the range of $21.5 million to $23.5 million and diluted EPS of $0.06 to $0.11 for the first quarter of fiscal 2007.
• The stock carries an above-average four-star rating in Motley Fool CAPS.

(Figures in thousands, except per-share data)

Income Statement Highlights

	Q4 2006	Q4 2005	Change
Sales	$22,605	$17,678	27.9%
Net Profit	$926	$1,445	(35.9%)
EPS	$0.08	$0.12	(33.3%)
Diluted Shares	12,084	11,955	1.1%

Get back to basics with a look at the income statement.

Margin Checkup

	Q4 2006	Q4 2005	Change*
Gross Margin**	43.4%	42.8%	0.6
Operating Margin	1.5%	3.6%	(2.1)
Net Margin	4.1%	8.2%	(4.1)

*Expressed in percentage points.
**Gross margin calculated after including stock-based compensation.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets	Q4 2006	Q4 2005	Change
Cash + ST Invest.	$43,794	$50,346	(13.0%)
Accounts Rec.	$17,642	$16,182	9.0%
Inventory	$15,094	$10,889	38.6%

Liabilities	Q4 2006	Q4 2005	Change
Accounts Payable	$6,013	$3,904	54.0%
Long-Term Debt	$0	$0	N/A

Learn the ways of the balance sheet.

Cash Flow Highlights
Small or not, the company should care enough to provide a cash flow statement with the earnings release.

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 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.