On Nov. 8, FoxHollow Technologies (NASDAQ:FOXH) released third-quarter earnings for the period ended Sept. 30.
- Revenues jumped 49% to $53.8 million, thanks to increased usage of the company's SilverHawk device and research revenue from its collaboration with Merck (NYSE:MRK).
- Margin improvements show that the company is starting to effectively scale up its operations.
- Lowered revenue guidance for the year caused a 20% stock decline today.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$53,752 |
$36,076 |
49% |
|
Net Profit |
$6,728 |
($1,486) |
N/A |
|
EPS |
$0.26 |
($0.06) |
N/A |
|
Diluted Shares |
25,803 |
23,189 |
11.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
79.3% |
72.8% |
6.5 |
|
Operating Margin |
10.8% |
(5.3%) |
16.1 |
|
Net Margin |
12.5% |
(4.1%) |
16.6 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$56,276 |
$62,458 |
(9.9%) |
|
Accounts Rec. |
$27,029 |
$18,349 |
47.3% |
|
Inventory |
$13,122 |
$14,605 |
(10.2%) |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$9,153 |
$7,936 |
15.3% |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
A statement of cash flows was not provided.
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Related Foolishness:
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