On Nov. 2, Midway Games
- To get in on the game, see "Why Midway is No EA."
- CEO David Zucker tried to give a positive outlook for 2007, saying, "We expect that 2007 will show the fruits of our investment over the last several years in next-generation technology and our sales and marketing infrastructure." However, until then, the company has revised its full-year expectations to a net loss of $73 million (versus a prior guidance of a $70 million net loss).
- Midway Games only has a one-star rating in CAPS. With 19 players having rated Midway, eight think it will survive while 11 say it will sink. What do you think? Grab a controller and be heard.
(Figures in thousands, except per-share data)
Income Statement Highlights|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$27,392 |
$29,527 |
(7.2%) |
|
Net Profit |
($22,151) |
($28,929) |
N/A |
|
EPS |
($0.24) |
($0.33) |
N/A |
|
Diluted Shares |
90,812 |
87,068 |
4.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
0.28% |
(8.17%) |
8.45 |
|
Operating Margin |
(74.01%) |
(95.44%) |
21.43 |
|
Net Margin |
(80.87%) |
(97.97%) |
17.10 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$91,494 |
$105,208 |
(13.0%) |
|
Accounts Rec. |
$11,892 |
$26,426 |
(55.0%) |
|
Inventory |
$2,452 |
$7,283 |
(66.3%) |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$9,629 |
$17,780 |
(45.8%) |
|
Long-Term Debt** |
$145,900 |
$82,778 |
(76.3%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 | YTD 2005 | Change | |
|---|---|---|---|
Cash From Ops. | ($77,320) | ($84,193) | N/A |
Capital Expenditures | $6,469 | $4,849 | N/A |
Free Cash Flow | ($83,789) | ($89,042) | N/A |
Find out why Fools always follow the money.
Related Companies:
- Activision
(NASDAQ:ATVI) - Electronic Arts
(NASDAQ:ERTS) - Konami
(NYSE:KNM)
For more Foolish gaming:
Activision and Electronic Arts are bothMotley Fool Stock Advisorrecommendations. To gain access to a free Stock Advisor report, click here.
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