The 10-second takeaway
For the quarter ended June 29 (Q2), AuthenTec beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP loss per share shrank.
Margins increased across the board.
AuthenTec reported revenue of $20.5 million. The five analysts polled by S&P Capital IQ anticipated revenue of $18.8 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $16.2 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 $0.03. The five earnings estimates compiled by S&P Capital IQ forecast $0.01 per share. GAAP EPS were -$0.03 for Q2 against -$0.11 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 57.4%, 960 basis points better than the prior-year quarter. Operating margin was -5.0%, 2,300 basis points better than the prior-year quarter. Net margin was -6.0%, 2,390 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $20.3 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $77.4 million. The average EPS estimate is $0.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 179 members rating the stock outperform and four members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give AuthenTec a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AuthenTec is hold, with an average price target of $5.25.
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