On March 13, marketing services provider Alloy
- A number of charges make it hard to analyze year-over-year changes. Last year's quarter included $34 million in goodwill impairment.
- The company incurred a net loss of $660 million after debt conversion expenses of $2 million.
- Cash balances dropped 33%, thanks to the expenses incurred for debt conversion, repurchase of shares, acquisitions, and capital expenditures. Full-year free cash flow did, however, improve substantially.
- Alloy carries a two-star rating in Motley Fool CAPS. Learn more about Alloy's troubles here.
(Figures in thousands, except per-share data.)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$40,857 |
$43,211 |
(5.4%) |
Net Profit * |
($659) |
($32,963) |
N/A |
EPS |
($0.05) |
($2.78) |
N/A |
Diluted Shares |
13,594 |
11,855 |
14.7% |
Get back to basics with the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
14.6% |
15.9% |
(1.3) |
Operating Margin |
3.3% |
(74.2%) |
77.5 |
Net Margin |
(1.6%) |
(76.3%) |
74.7 |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$27,511 |
$40,831 |
(32.6%) |
Accounts Rec. |
$29,534 |
$42,483 |
(30.5%) |
Inventory |
$3,225 |
$2,974 |
8.4% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable* |
$7,246 |
$17,589 |
(58.8%) |
Long-Term Debt |
$1,397 |
$69,300 |
(98.0%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
FY 2006 |
FY 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$24,343 |
$5,325 |
357.1% |
Capital Expenditures |
$2,403 |
$743 |
223.4% |
Free Cash Flow |
$21,940 |
$4,582 |
378.8% |
Free cash flow is a Fool's best friend.
Related Foolishness:
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