On May 9, Audible (NASDAQ:ADBL) released Q1 2006 earnings for the period ended March 31.
- Even without including stock option expensing, EPS would have come in well under expectations at ($0.08), since strong revenue growth over Q1 2005 was offset by faster growth in operating expenses.
- Churn, the rate of customer turnover, was down for the third quarter in a row.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$19,280 |
$19,714 |
$12,905 |
52.8% |
|
Net Profit |
-- |
($3,041) |
$891 |
N/A |
|
EPS |
($0.04) |
($0.12) |
$0.04 |
N/A |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2006 |
Q1 2005 |
Change | |
|---|---|---|---|
|
Gross Margin |
53.77% |
60.65% |
(6.88) |
|
Op. Margin |
(18.76%) |
4.33% |
(23.09) |
|
Net Margin |
(15.43%) |
6.9% |
(22.33) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2006 |
Q1 2005 |
Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$60,371 |
$65,243 |
(7.5%) |
|
Inventory |
$275 |
$374 |
(26.5%) |
|
Accounts Rec. |
$3,517 |
$1,078 |
226.2% |
|
Liabilities |
Q1 2006 |
Q1 2005 |
Change |
|---|---|---|---|
|
Long-Term Debt |
- |
- |
N/A |
|
Accounts Pay. |
$2,337 |
$1,958 |
19% |
|
Deferred Revenue |
$8,634 |
$2,568 |
236.2% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2006 |
Q1 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops |
($3,647) |
$3,505 |
N/A |
|
Capital Expend. |
$3,716 |
$463 |
702.6% |
|
Free Cash Flow |
($7,363) |
$3,042 |
N/A |
Find out why Fools always follow the money.
Related Companies:
- Apple (NASDAQ:AAPL)
- Amazon (NASDAQ:AMZN)
- MediaBay (NASDAQ:MBAY)
- Barnes and Noble (NYSE:BKS)
- Borders Group (NYSE:BGP)
Related Foolishness:
- Audible Discomfort
- Audible Commands Attention
- Not for the faint of heart.
Amazon is a Motley Fool Stock Advisor recommendation. To discover more promising stocks with dynamic dividends, sign up today for a free 30-day guest pass .
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.
At the time of publication, Jim Mueller owned shares of Audible. Fool rules are here.
