On Nov. 9, WorldSpace (NASDAQ:WRSP) released Q3 2006 earnings for the period ended Sept. 30.

  • Total revenues were up 42.1%.

  • Net loss nearly doubled to -$29 million or -$0.77 per share.

  • Share count was inflated 17% year over year.

  • The firm hired UBS to "evaluate strategic partnership alternatives."

(Figures in thousands, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$3,343

$2,353

42.1%

Net Profit

($28,932)

($15,418)

N/A

EPS

($0.77)

($0.48)

N/A

Diluted Shares

37,585

32,024

17.4%



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

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

(298.4%)

(256.1%)

(42.3)

Operating Margin

(1238.9%)

(1922.4%)

N/A

Net Margin

(865.5%)

(655.2%)

(210.3)

*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.

$196,517

$296,481

(33.7%)

Satellite and Related Systems

$358,913

$413,765

(13.3%)



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

No Data

$17,381

N/A

Long-Term Debt

$155,295

$155,000

0.2%



Learn the ways of the balance sheet.

Cash Flow Highlights

Q3 2006

Q3 2005

Change

Cash From Ops.

No Data

($88,230)

N/A

Capital Expenditures

No Data

$13,464

N/A

Free Cash Flow

No Data

($101,694)

N/A



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Related Companies:

  • XM Satellite Radio (NASDAQ:XMSR)
  • Sirius Satellite Radio (NASDAQ:SIRI)

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At the time of publication, Seth Jayson had no positions in any companies mentioned here. Fool rules are here.