On May 8, WPT Enterprises
- Revenues declined 30.4%, as the company delivered fewer episodes of its television series than last year.
- Online gaming revenue decreased by $400,000, primarily because of lower levels of player activity. WPT expects to re-launch the poker site in June on CryptoLogic's
(NASDAQ:CRYP) platform. - For the second quarter of 2007, the company expects revenues around $7.5 million and higher marketing costs.
- WPT Enterprises carries a lowly one-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$4,491.0 |
$6,454.0 |
(30.4%) |
|
Net Profit |
($2,279.0) |
$3,590.0 |
N/A |
|
EPS |
($0.11) |
$0.18 |
N/A |
|
Diluted Shares |
20,603.0 |
20,017.0 |
2.9% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
52.1% |
62.5% |
(10.4) |
|
Operating Margin |
(65.2%) |
(17.3%) |
(47.9) |
|
Net Margin |
(50.8%) |
55.6% |
(106.4) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$37,046.0 |
$39,577.0 |
(6.4%) |
|
Accounts Rec. |
$1,959.0 |
$2,442.0 |
(19.8%) |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$709.0 |
$835.0 |
(15.1%) |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data available. (Lame!)
Free cash flow is a Fool's best friend.
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