On March 1, Cambridge Display Technology
- CEO David Fyfe blamed "a slowdown in discretionary R&D spending in the display industry," as well as revenue-recognition rules for linked transactions, for the company's results.
- The company demonstrated a new technology called Total Matrix Addressing, which it hopes will open a new revenue stream.
- Cambridge Display Technology is a two-star stock (out of a possible five) in Motley Fool CAPS. Two other related companies in the panel-display industry -- Universal Display
(NASDAQ:PANL) and Immersion(NASDAQ:IMMR) -- have both earned four-star ratings. Tell us what you think by heading to CAPS for yourself.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$3,279 |
$7,295 |
(55.1%) |
|
Net Profit |
($5,291) |
$10,154 |
N/A |
|
EPS |
($0.25) |
$0.51 |
N/A |
|
Diluted Shares |
21,496 |
19,713 |
9% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
43.6% |
32.6% |
11.0 |
|
Operating Margin |
(173.1%) |
(69.8%) |
(103.3) |
|
Net Margin |
(161.4%) |
139.2% |
(300.6) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$19,267 |
$31,263 |
(38.4%) |
|
Accounts Rec. |
$187 |
$2,266 |
(91.7%) |
|
Inventory |
$30 |
$32 |
(6.3%) |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$6,597 |
$7,910 |
(16.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($4,373) |
($15,652) |
N/A |
|
Capital Expenditures |
$1,381 |
$3,153 |
(56.2%) |
|
Free Cash Flow |
($5,754) |
($18,805) |
N/A |
Find out why Fools always follow the money.
Related Foolishness:
- Foolish Forecast: Cambridge Displays Little
- Foolish Forecast: Universal Display Turning On
- You'll Hear More About Universal Display
Universal Display is a Motley Fool Rule Breakers selection. See what other stocks on the cutting edge are getting the thumbs-up from David Gardner by taking Rule Breakers for a free 30-day spin.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
