On Feb. 7, medical device maker Aspect Medical Systems (NASDAQ:ASPM) released fourth-quarter earnings for the period ended Dec. 31.
- Revenues increased 11%, led by strong unit volume growth in sensor equipment.
- Gross margins declined by 150 basis points as a result of an increase in manufacturing overhead costs related to a new facility and the addition of a new sensor line.
- EPS increased by a whopping 915%, principally due to income-tax benefits of $28.2 million gained during the quarter.
- Interest income was boosted by significant investments in cash equivalents and marketable securities.
- For the first quarter of 2007, the management expects total revenue to be in the range of $22.6 million to $23.6 million and product revenue growth of 5% to 10%, while it predicts EPS will decline by $0.02 to $0.04.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$23,961 |
$21,577 |
11.0% |
|
Net Profit |
$30,610 |
$3,091 |
890.3% |
|
EPS |
$1.32 |
$0.13 |
915.4% |
|
Diluted Shares |
23,136 |
24,476 |
(5.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
74.6% |
76.0% |
(1.5) |
|
Operating Margin |
6.2% |
11.3% |
(5.1) |
|
Net Margin |
127.8% |
14.3% |
113.4 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$56,028 |
$43,773 |
28.0% |
|
Accounts Rec. |
$12,486 |
$11,717 |
6.6% |
|
Inventory |
$6,501 |
$5,117 |
27.0% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$10,353 |
$12,589 |
(17.8%) |
|
Long-Term Debt |
$0 |
$0 |
0% |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data was provided. Boo!
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Related Companies:
- Medis Technologies (NASDAQ:MDTL)
- Stereotaxis (NASDAQ:STXS)
- Micrus Endovascular (NASDAQ:MEND)
- Hansen Medical (NASDAQ:HNSN)
- Spectranetics (NASDAQ:SPNC)
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- Intuitive Surgical and Internet2
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