On Aug. 24, Motley Fool Stock Advisor pick TiVo
- Service and technology revenues of $40.7 million met Street estimates, but break-even EPS was well ahead of expectations. Still, like last year, spending on sales and marketing is on the rise.
- Subscription growth slowed considerably. TiVo-owned net subscriptions fell to 40,000 during the quarter, from 63,000 during the same period a year ago.
- Management intends to invest to boost subscription growth. The increased spending is now expected to delay profitability, which was expected in the fourth quarter.
(Figures in thousands, except per-share data)
Income Statement Highlights (What's this?)
|
Avg. Est. |
Q2 2006 |
Q2 2005 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$42,200 |
$39,335 |
$39,776 |
-1.1% |
|
Net Profit |
-- |
$240 |
$(10,760) |
N/A |
|
EPS |
$(0.04) |
$- |
$(0.13) |
N/A |
Margin Checkup (What's this?)
|
Q2 2006 |
Q2 2005 |
Change |
|
|---|---|---|---|
|
Gross Margin |
64.35% |
18.89% |
+45.46% |
|
Op. Margin |
-1.14% |
-26.26% |
+25.12% |
|
Net Margin |
0.61% |
-27.05% |
+27.66% |
Balance Sheet Highlights (What's this?)
|
Assets |
Q2 2006 |
Q2 2005 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$103,823 |
$129,993 |
-20.1% |
|
Inventory |
$20,476 |
$23,088 |
-11.3% |
|
Accounts Rec. |
$8,684 |
$14,660 |
-40.8% |
|
Liabilities |
|||
|---|---|---|---|
|
Long-Term Debt |
$8,000 |
$6,866 |
+16.5% |
|
Accounts Pay. |
$32,281 |
$47,962 |
-32.7% |
Cash Flow Highlights (What's this?)
|
Q2 2006 |
Q2 2005 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$(6,577) |
$(13,771) |
N/A |
|
Capital Expend. |
$6,483 |
$1,792 |
+261.8% |
|
Free Cash Flow |
$(13,060) |
$(15,563) |
N/A |
Related companies:
-
Comcast
(NASDAQ:CMCSA) -
DirecTV
(NYSE:DTV) -
EchoStar
(NASDAQ:DISH) -
Microsoft
(NASDAQ:MSFT) -
NDS
(NASDAQ:NNDS) -
Netflix
(NASDAQ:NFLX)
For related Foolishness:
- Didn't we already know TiVo would be losing DirecTV? Apparently not.
- More ads are going digital. That could be good news for TiVo, especially if it channels Google.
- TiVo was the Next Big Thing once. Look how that's turned out over the last three years.
Netflix is also a Stock Advisor selection. For a free trial to the newsletter, and a look at our investors kit, click here.
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.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Fool profile, which is here. The Motley Fool has an ironclad disclosure policy.
