On Jan.17, nanotech sensor and memory specialist NVE (NASDAQ:NVEC) released third-quarter earnings for the period ended Dec. 31.
- Total revenue increased 48% to $3.9 million due to a 95% increase in product sales. That was partially offset by a 47% decrease in contract research and development revenue.
- Investors added those two revenue channels together and didn't like the math. The stock is off 14% today.
- Gross profit margin was up, thanks to a more profitable revenue mix.
- The increased product sales drove free cash flow higher by 62%.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change | |
|---|---|---|---|
|
Sales |
$3,862.0 |
$2,610.3 |
48.0% |
|
Net Profit |
$1,051.6 |
$401.4 |
162.0% |
|
EPS |
$0.22 |
$0.09 |
144.4% |
|
Diluted Shares |
4,786.9 |
4,677.7 |
2.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
64.1% |
49.9% |
14.3 |
|
Operating Margin |
37.6% |
20.1% |
17.5 |
|
Net Margin |
27.2% |
15.4% |
11.9 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,261.9 |
$2,109.2 |
(40.2%) |
|
Accounts Rec. |
$1,907.6 |
$1,741.4 |
9.5% |
|
Inventory |
$2,189.1 |
$2,033.9 |
7.6% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$502.5 |
$270.4 |
85.8% |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$3,692.2 |
$2,143.5 |
72.2% |
|
Capital Expenditures |
$252.6 |
$20.6 |
1,127.8% |
|
Free Cash Flow |
$3,439.6 |
$2,122.9 |
62.0% |
Find out why Fools always follow the money.
Related Companies:
- Analog Devices (NYSE:ADI)
- Fairchild Semiconductor (NYSE:FCS)
- Maxim Integrated Products (NASDAQ:MXIM)
- Silicon Labs (NASDAQ:SLAB)
- Texas Instruments (NYSE:TXN)
- Vishay Intertechnology (NYSE:VSH)
Related Foolishness:
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