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%) |
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) |
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 |
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Cash Flow Highlights
A statement of cash flows was not provided in the earnings release.
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