On July 31, InterNAP Network (NASDAQ:INAP), which helps companies with all things Internet, released second-quarter earnings for the period ended June 30.
- Sales climbed 33%, reflecting strong performance across all business units.
- For the full year, management expects revenues to improve 30%-35% over 2006.
- The stock carries a three-star rating (out of five) in Motley Fool CAPS.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change | |
|---|---|---|---|
|
Sales |
$58,494 |
$43,905 |
33.2% |
|
Net Profit |
($1,683) |
$713 |
N/A |
|
EPS |
($0.03) |
$0.02 |
N/A |
|
Diluted Shares |
48,515 |
35,787 |
35.6% |
Get back to basics with the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
40.2% |
39.6% |
0.6 |
|
Operating Margin |
(3.5%) |
0.8% |
(4.3) |
|
Net Margin |
(2.9%) |
1.6% |
(4.5) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$60,221 |
$47,752 |
26.1% |
|
Accounts Rec. |
$26,641 |
$19,622 |
35.8% |
|
Inventory |
$375 |
$580 |
(35.3%) |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$13,388 |
$7,697 |
73.9% |
|
Long-Term Debt |
$1,962 |
$5,578 |
(64.8%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$12,260.0 |
$12,783.0 |
(4.1%) |
|
Capital Expenditures |
$17,024.0 |
$5,543.0 |
207.1% |
|
Free Cash Flow |
($4,764.0) |
$7,240.0 |
N/A |
Free cash flow is a Fool's best friend.
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