On March 6, TurboChef (NASDAQ:OVEN) released fourth-quarter earnings for the period ended Dec. 31, 2005.

  • 58% of fourth-quarter revenue came from customers other than Subway.
  • Non-Subway revenue tripled from the year-ago period.
  • Comparability of fourth quarters is significantly hampered by exceptionally large revenue in the prior year's fourth quarter, due to a systemwide rollout at Subway.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q4 2005

Q4 2004

% Change

Sales

No Data

$9

$37

(74.6)

Net Profit

--

$(7)

$7

N/A

EPS

$(0.09)

$(0.25)

$0.27

N/A



Get back to basics with a look at the income statement.

Margin Checkup

Q4 2005

Q4 2004

Change

Gross Margin

24.67%

36.68%

(12.01)

Op. Margin

(79.08%)

20.89%

(99.96)

Net Margin

(76.49%)

20.45%

(96.94)



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2005

Q4 2004

% Change

Cash+ ST Invest.

$40

$16

148.5

Inventory

$11

$8

34.8

Accounts Rec.

$7

$10

(23.3)



Liabilities

Q4 2005

Q4 2004

% Change

Long-Term Debt

-

-

N/A

Accounts Pay.

$6

$8

(26.6)



Cash Flow Highlights

Q4 2005

Q4 2004

% Change

Cash From Ops

$(6.3)

$9.8

N/A

Capital Expend.

$0.4

$0.6

(18.4)

Free Cash Flow

$(6.8)

$9.2

N/A



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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.

Fool contributor Stephen Simpson has no financial interest in any stocks mentioned (that means he's neither long nor short the shares). Middleby is a Motley Fool Hidden Gems recommendation. The Fool has a disclosure policy.