On Oct. 25, IntraLase (NASDAQ:ILSE), which develops and makes lasers used in eye surgery, released third-quarter earnings for the period ended Sept. 30.

  • Revenue came out ahead of analyst estimates, but EPS fell short of expectations.
  • Revenues rose by 41.1% to $32.3 million on account of strong global sales of the fourth generation IntraLase FS laser.
  • Higher operating revenues led to net profit increasing by 23.6% to $3 million.

(Figures in thousands, except per-share data)

Income Statement Highlights

Avg. Est.

Q3 2006

Q3 2005

Change

Sales

$30,962

$32.3

$22.9

41.1%

Net Profit*

--

$3.0

$2.4

23.6%

EPS

$0.16

$0.09

$0.08

12.5%

Diluted Shares

--

31.2

31.2

(0.0%)

*Net profit does not include income from discontinued operations

Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

54.94%

54.01%

0.93

Operating Margin

5.75%

7.41%

(1.66)

Net Margin

9.15%

10.44%

(1.29)

*Expressed in percentage points

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$75.8

$57.7

31.4%

Accounts Rec.

$22.2

$11.6

91.4%

Inventory

$15.1

$14.5

4.1%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

No data

$5.5

No data

Long-Term Debt

No data

$0.0

No data



Learn the ways of the balance sheet.

Cash Flow Highlights

A statement of cash flows was not provided in the earnings release.

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Related companies:

  • Candela (NASDAQ:CLZR)
  • Bausch & Lomb (NYSE:BOL)
  • Syneron Medical (NASDAQ:ELOS)
  • Spectranetics (NASDAQ:SPNC)

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