On Feb. 22, Midway Games
- Revenue increased by a significant 38.8% to $96.87 million, because of a strong performance from the Nintendo Wii, Microsoft Xbox 360, and Nintendo DS game systems.
- Gross margins improved significantly to 30.9%, primarily led by a rise in inflows and lower royalties and product-development costs.
- Earnings per share improved but remained negative.
- Midway Games receives just one star from our community research service, Motley Fool CAPS, compared with two stars for Take-Two Interactive
(NASDAQ:TTWO) and three stars for Electronic Arts(NASDAQ:ERTS) .
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$96,864 |
$69,810 |
38.8% |
|
Net Profit |
($2,025) |
($37,815) |
N/A |
|
EPS |
($0.02) |
($0.42) |
N/A |
|
Diluted Shares |
90,952 |
89,062 |
2.1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
30.9% |
19.1% |
11.8 |
|
Operating Margin |
0.4% |
(52.0%) |
52.4 |
|
Net Margin |
(2.1%) |
(54.2%) |
52.1 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Investments |
$73,422 |
$98,376 |
(25.4%) |
|
Accounts Rec. |
$51,366 |
$30,835 |
66.6% |
|
Inventory |
$2,891 |
$5,811 |
(50.2%) |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$7,864 |
$12,431 |
(36.7%) |
|
Long-Term Debt |
$3,611 |
$6,944 |
(48.0%) |
Learn the ways of the balance sheet.
Related Foolishness:
Electronic Arts is a Motley Fool Stock Advisor recommendation. Microsoft is a Motley Fool Inside Value pick. Check out either service free for 30 days.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
