The 10-second takeaway
For the quarter ended March 31 (Q1), Sonde Resources whiffed on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly while GAAP earnings per share grew. The profit was a surprise, as analysts had predicted a loss.
Gross margin dropped, while operating margin and net margin expanded.
Sonde Resources notched revenue of $7.3 million. The one analyst polled by S&P Capital IQ predicted revenue of $9.9 million on the same basis. GAAP-reported sales were 20% lower than the prior-year quarter's $9.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.89. The one earnings estimate compiled by S&P Capital IQ predicted -$0.06 per share. GAAP EPS were $0.89 for Q1 versus -$0.10 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.5%, 1,710 basis points worse than the prior-year quarter. Operating margin was 941.6%, 100,260 basis points better than the prior-year quarter. Net margin was 756.3%, 82,640 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $10.4 million. On the bottom line, the average EPS estimate is -$0.05.
Next year's average estimate for revenue is $38.2 million. The average EPS estimate is $0.27.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.