On Nov. 2, WPT Enterprises
- Revenues grew 176%, driven by the delivery of nine episodes of Season 1 of the PPT television series.
- Net income includes a $4.5 million gain on sale of PokerTek
(NASDAQ:PTEK) stock. - Steve Lipscomb, founder and CEO, said that the anticipated relaunch of the Internet gaming site in 2007 will further improve its performance.
- Congress' attempts to stifle online poker did not affect WPTE, since it does not accept wagers from U.S. players.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|
Sales |
$5,868 |
$2,128 |
175.8% |
Net Profit |
$2,692 |
($1,554) |
N/A |
EPS |
$0.12 |
($0.08) |
N/A |
Diluted Shares |
21,700 |
19,721 |
10% |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
Q3 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
70.4% |
73.6% |
(3.2) |
Operating Margin |
(7.1%) |
(85%) |
77.8 |
Net Margin |
45.9% |
(73%) |
118.9 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$39,857 |
$30,486 |
30.7% |
Accounts Rec. |
$2,598 |
$1,480 |
75.5% |
Inventory |
$55 |
$51 |
7.8% |
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Accounts Payable |
$837 |
$83 |
908.4% |
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data provided.
Find out why Fools always follow the money.
Related Companies:
-
Progressive Gaming International
(NASDAQ:PGIC) - PokerTek
-
Bally Technologies
(NYSE:BYI) -
Harrah's
(NYSE:HET) -
Lakes Entertainment
(NASDAQ:LACO)
Related Foolishness:
- Would You Go "All In" With Your Portfolio?
- Did Congress Kill Online Poker?
- The Booming Business of Gaming
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