On March 12, gaming and entertainment company WPT Enterprises (NASDAQ:WPTE) released fourth-quarter earnings for the period ended Dec. 31.

  • The top line increased by 13%, primarily driven by the delivery of 24 episodes of the PPT television series.
  • Domestic television licensing margin almost doubled to 62% because PPT production costs had already been expensed.
  • The company plans to debut its online gaming website in the middle of 2007.
  • Tell us what you think about WPT in Motley Fool CAPS, our new community intelligence database. While you're there, check out ratings for gaming companies ShuffleMaster (NASDAQ:SHFL), PokerTek (NASDAQ:PTEK), and IGT (NYSE:IGT).

(Figures in thousands, except per-share data.)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$5,911

$5,232

13.0%

Net Profit

($1,081)

($1,420)

N/A

EPS

($0.05)

($0.07)

N/A

Diluted Shares

20,064

19,723

1.7%



Get back to basics with the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

66.5%

64.4%

2.1

Operating Margin

(10.9%)

(32.4%)

21.5

Net Margin

(18.3%)

(27.1%)

8.9

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$39,623

$28,472

39.2%

Accounts Rec.

$2,353

$3,091

(23.9%)

Inventory

$55

$45

22.2%



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$674

$1,550

(56.5%)

Long-Term Debt

$0

$0

N/A



The balance sheet reflects the company's health.

Cash Flow Highlights

No data available. Lame.

Free cash flow is a Fool's best friend.

Related Foolishness:

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