On May 1, Applied Micro Circuits
- Sales dropped 4.7%, with pressure across all product lines.
- Revenues are expected to decline 15% in the first quarter of fiscal 2008.
- Foolish writer Dan Bloom has more on Applied Micro's woes the quarter.
- The stock rates a subpar two stars in Motley Fool CAPS.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q4 2007 |
Q4 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$70,167 |
$66,993 |
4.7% |
|
Net Profit |
($5,330) |
($138,328) |
N/A |
|
EPS |
($0.02) |
($0.47) |
N/A |
|
Diluted Shares |
282,472 |
294,442 |
(4.1%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2007 |
Q4 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
48.9% |
54.6% |
(5.6) |
|
Operating Margin |
(12.4%) |
(212%) |
199.5 |
|
Net Margin |
(7.6%) |
(206.5%) |
198.9 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$284,470 |
$335,665 |
(15.3%) |
|
Accounts Rec. |
$32,558 |
$26,324 |
23.7% |
|
Inventory |
$31,286 |
$24,941 |
25.4% |
|
Liabilities |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$26,893 |
$24,656 |
9.1% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$12,509 |
($4,570) |
N/A |
|
Capital Expenditures |
$6,732 |
$7,933 |
(15.1%) |
|
Free Cash Flow |
$5,777 |
($12,503) |
N/A |
Free cash flow is a Fool's best friend.
Related Foolishness:
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