On Oct. 18, SunPower
- The good news? Revenue increased 258.6% year over year, and 34.9% sequentially. According to CEO Tom Werner, "The overall solar business environment continues to be characterized by rapid and dynamic growth."
- The bad news? Dilution ran hot over the past year, with the diluted share count rising 11.8%, while operating income rose only 5.5% year over year.
- SunPower is rated three stars in Motley Fool CAPS, our investing intelligence community. Meanwhile, Rule Breakers selection Suntech Power
(NYSE:STP) has earned a five-star rating.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$234.3 |
$65.3 |
258.6% |
|
Net Profit |
$8.4 |
$9.6 |
(11.9%) |
|
EPS |
$0.10 |
$0.13 |
(23.1%) |
|
Diluted Shares |
82.6 |
73.9 |
11.8% |
Get back to basics with the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
16.4% |
23.2% |
(6.9) |
|
Operating Margin |
2.9% |
9.9% |
(7.0) |
|
Net Margin |
3.6% |
14.6% |
(11.0) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$454.5 |
$273.6 |
66.1% |
|
Accounts Rec. |
$82.8 |
$47.1 |
75.9% |
|
Inventory |
$99.9 |
$26.1 |
283.4% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$102.8 |
$35.0 |
194.2% |
|
Long-Term Debt |
$425.0 |
$0.0 |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
The company provided no cash flow statement, leaving investors in the dark.
Free cash flow is a Fool's best friend.
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