On Feb. 23, FARO Technologies
- FARO's top line grew 21% in the quarter.
- Operating margins took a big tumble down to 2%.
- Earnings per share fell 97% to $0.01, even worse than the company anticipated.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
---|---|---|---|---|
Sales |
$34,440 |
$34,481 |
$28,542 |
+20.8% |
Net Profit |
-- |
$183 |
$4,914 |
(96.3%) |
EPS |
$0.07 |
$0.01 |
$0.34 |
(97.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2005 |
Q4 2004 |
Change |
|
---|---|---|---|
Gross Margin |
56.59% |
57.97% |
(1.38%) |
Op. Margin |
2.14% |
9.80% |
(7.66%) |
Net Margin |
0.53% |
17.22% |
(16.69%) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2005 |
Q4 2004 |
% Change |
---|---|---|---|
Cash + ST Invest. |
$25,768 |
$38,842 |
(33.7%) |
Inventory |
$28,650 |
$16,378 |
+74.9% |
Accounts Rec. |
$28,654 |
$22,484 |
+27.4% |
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
---|---|---|---|
Long-Term Debt |
$177 |
$146 |
+21.2% |
Accounts Pay. |
$12,301 |
$4,736 |
+159.7% |
Here's how inventories work.
Cash Flow Highlights*
FY 2005 |
FY 2004 |
% Change |
|
---|---|---|---|
Cash From Ops. |
($3,404) |
$7,295 |
N/A |
Capital Expend. |
$3,937 |
$2,451 |
+60.6% |
Free Cash Flow |
($7,341) |
$4,844 |
N/A |
Related Foolishness:
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At the time of publication, Fool Analyst Andy Cross did not own shares in any company mentioned. Fool rules are here.