On March 14, ZipRealty
- To see whether you should be nailing down a "sold" sign or a "for sale" sign when it comes to ZipRealty, read the earnings take.
- Revenue increased 6.9% to $23.1 million. However, because of an income-tax expense of $17.7 million, the company sank deeply into the red with a net loss of $20.2 million.
- As ZipRealty ramps up for 2007 -- which it views as a year of "significant investment" -- it expects an increase in revenues of no more than 15%, expansion into eight to 12 new markets, a rise in the number of agents, and a net loss of between $10 million and $13 million.
- ZipRealty isn't a favorite stock; it gets just one star out of five at Motley Fool CAPS, our free interactive stock-rating database. It has company -- others that toil in the online real estate market, including Move
(NASDAQ:MOVE) and HouseValues(NASDAQ:SOLD) , also have to settle for only one star. To share your thoughts or read the community's opinions, sign up for CAPS today.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$23,076 |
$21,587 |
6.9% |
|
Net Profit |
($20,208) |
$17,901 |
N/A |
|
EPS |
($0.96) |
$0.73 |
N/A |
|
Diluted Shares |
21,092 |
24,546 |
(14.1%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
45.4% |
46% |
(0.6) |
|
Operating Margin |
(15.5%) |
1.6% |
(17.1) |
|
Net Margin |
(87.6%) |
82.9% |
(170.5) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$88,808 |
$88,909 |
(0.1%) |
|
Accounts Rec. |
$1,781 |
$1,634 |
9% |
|
Inventory |
N/A |
N/A |
N/A |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$2,184 |
$1,631 |
33.9% |
|
Long-Term Debt |
N/A |
N/A |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
ZipRealty must have left its cash-flow statement in a virtual open house, because it's missing from the press release.
Free cash flow is a Fool's best friend.
Related Foolishness:
HouseValues is a Motley Fool Hidden Gems pick. Try out our small-cap newsletter 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.
