On Oct. 26, Silicon Image
- Q3 revenue increased by 39.9% for a record $78.3 million quarter. This growth was primarily driven by the adoption of High-Definition Multimedia Interface (HDMI) by television manufacturers and an increase in computer revenue.
- Today, more than 450 companies have adopted HDMI technology, up more than 70% from last year.
- Revenue for Q4 is expected to be about 3%-5% less than Q3, due to "normal seasonality" of the semiconductor consumer market. The stock tumbled on that news.
- Our Motley Fool CAPS community loves the stock, rating it a solid five stars.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$78,327 |
$56,002 |
39.9% |
|
Net Profit |
$8,042 |
$9,903 |
(18.8%) |
|
GAAP EPS |
$0.09 |
$0.12 |
(25.0%) |
|
Diluted Shares |
87,433 |
84,051 |
4.0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
58.23% |
62.74% |
(4.51) |
|
Operating Margin |
14.29% |
26.42% |
(12.13) |
|
Net Margin |
10.27% |
17.68% |
(7.41) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$235,790 |
$134,118 |
75.8% |
|
Accounts Rec. |
$32,004 |
$27,653 |
15.7% |
|
Inventory |
$19,619 |
$13,436 |
46.0% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$16,085 |
$12,976 |
24.0% |
|
Long-Term Debt |
N/A |
N/A |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Silicon should spend less time watching TV and more time working on its financial statements. (It failed to include a cash flow statement with the earnings release.)
Find out why Fools always follow the money.
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