On May 2, educational software maker and Hidden Gems recommendation Blackboard
- Sales jumped up a healthy 46.6%, led by 51% growth in product revenues.
- Management predicts second-quarter sales in the range of $58 million to $59 million and EPS between $0.08 and $0.10.
- Our Motley Fool CAPS community collectively rates the stock an above-average four stars.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$55,280 |
$37,708 |
46.6% |
|
Net Profit |
$1,944 |
$148 |
1,213.5% |
|
EPS |
$0.07 |
$0.01 |
600.0% |
|
Diluted Shares |
29,428.0 |
28,757.4 |
2.3% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
72.0% |
69.9% |
2.2 |
|
Operating Margin |
6.5% |
(0.3%) |
6.8 |
|
Net Margin |
3.5% |
0.4% |
3.1 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$25,881 |
$32,546 |
(20.5%) |
|
Accounts Rec. |
$40,642 |
$26,283 |
54.6% |
|
Inventory |
$2,060 |
$2,347 |
(12.2%) |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$4,068 |
$2,440 |
66.7% |
|
Long-Term Debt |
$18,638 |
$56,806 |
(67.2%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$891 |
($10,023) |
N/A |
|
Capital Expenditures |
$2,417 |
$1,569 |
54.0% |
|
Free Cash Flow |
($1,526) |
($11,592) |
N/A |
Free cash flow is a Fool's best friend.
Related Foolishness:
- Foolish Forecast: Blackboard's Positive Equation
- Blackboard Gets High Marks
- Foolish Forecast: Blackboard's Clean Record
Blackboard is a Hidden Gems selection. A free 30-day trial will let you view the newsletter's entire scorecard.
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.
