On Nov. 6, OpenTV (NASDAQ:OPTV) released third-quarter earnings for the period ended Sept. 30, 2006.

  • Although net income remains negative, revenues climbed 36.3% to $26.5 million, with growth across all segments. BettingCorp segment sales increased 200% year over year to $2.7 million.

  • The contribution margin (which measures segment operational performance without allocable costs) increased across all the three operating segments, driven primarily by Middleware and Integrated technologies, which increased by $1.3 million to $6.7 million.

  • As of October 18th, the Kudelski Group has agreed to acquire voting control of OpenTV from Liberty Media Corporation.

  • OpenTV does not currently have a CAPS rating, but all nine players who rated it are bullish on the stock.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$26,553

$19,478

36.3%

Net Profit

($1,783)

($4,051)

N/A

EPS

($0.01)

($0.03)

N/A

Diluted Shares

137,648.9

124,751.4

10.3%



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

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

56.2%

56.3%

(0.1)

Operating Margin

(6.5%)

(20.1%)

13.5

Net Margin

(6.7%)

(20.8%)

14.1

*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.

$59,333

$46,123

28.6%

Accounts Rec.

$17,245

$13,265

30.0%%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$2,914

$2,306

26.4%

Long-Term Debt

$0

$0

N/A



Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

$5,180

($1,071)

N/A

Capital Expenditures

$2,724

$2,140

27.3%

Free Cash Flow

$2,456

($3,211)

N/A



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Related Companies:

  • Comcast (NASDAQ:CMCSA)
  • TiVo (NASDAQ:TIVO)
  • NDS Group (NASDAQ:NNDS)

Related Foolishness:

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