On Aug. 1, microprocessor designer MIPS Technologies (NASDAQ:MIPS) released fourth-quarter earnings for the period ended June 30.

  • In addition to the fourth-quarter results in the tables below, the company reported full-year revenues of $83.3 million, 30% above 2006 levels. Earnings per share, however, fell 28% to $0.18.
  • MIPS differs from others in the sector -- say, Intel (NASDAQ:INTC) and AMD (NYSE:AMD) -- because it licenses its designs and thus carries no inventory.
  • The stock boasts a top-of-the-line five-star rating in Motley Fool CAPS.

(Figures in thousands, except per-share data.)

Income Statement Highlights

Q4 2007

Q4 2006

Change

Sales

$23,679

$18,239

29.8%

Net Profit

$2,335

$7,475

(68.8%)

EPS

$0.05

$0.17

(70.6%)

Diluted Shares

46,374

44,987

3.1%

 Get back to basics with the income statement.

Margin Checkup

Q4 2007

Q4 2006

Change*

Operating Margin

1.5%

15.9%

(14.4)

Net Margin

9.9%

41.0%

(31.1)

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q4 2007

Q4 2006

Change

Cash + ST Invest.

$144,884

$121,206

19.5%

Accounts Rec.

$5,212

$4,631

12.5%

Liabilities

Q4 2007

Q4 2006

Change

Accounts Payable

$503

$1,313

(61.7%)

The balance sheet reflects the company's health.

Cash Flow Highlights
Regrettably, management failed to provide valuable cash-flow data.

Free cash flow is a Fool's best friend.

Related Foolishness:

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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.