On Feb. 1, fabless semiconductor firm Silicon Motion Technology
- Net sales increased by 37%, mainly because of increased demand for the company's controllers from makers of high-density micro-SD cards and SD memory cards.
- Management expects sales in the first quarter of 2007 to decline 15%-20% from the fourth quarter, and full-year earnings per ADS are estimated to be in the range of $1.20 to $1.30.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$35.6 |
$26.1 |
36.6% |
|
Net Profit |
$10.2 |
$7.4 |
37.2% |
|
EPS |
$0.32 |
$0.24 |
33.3% |
|
Diluted Shares |
31.6 |
31.6 |
(0.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
53.5% |
53.9% |
(0.4) |
|
Operating Margin |
25.4% |
30.2% |
(4.8) |
|
Net Margin |
28.6% |
28.5% |
0.1 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$100.3 |
$83.5 |
20.1% |
|
Accounts Rec. |
$25.8 |
$17.5 |
47.4% |
|
Inventory |
$13.1 |
$8.5 |
54.1% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Long-Term Debt |
-- |
-- |
-- |
Learn the ways of the balance sheet.
Cash Flow Highlights
Management has not yet decided to include a cash flow statement with the earnings release.
Find out why Fools always follow the money.
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