- Revenue and EPS beat analyst estimates.
- GAAP earnings fell on costs related to the acquisition of WebCT.
- Guidance for FY 2006 was raised, calling for revenues between $169.7 million and $172.7 million, and a GAAP loss of $0.50 to $0.54 per share.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. | Q1 2006 | Q1 2005 | Change | |
|---|---|---|---|---|
Sales | $37,290 | $37,708 | $30,942 | 21.9% |
Net Profit | -- | $148 | $5,410 | (97.3%) |
EPS | ($0.01) | $0.01 | $0.20 | (94.9%) |
Diluted Shares | -- | 28,757 | 27,657 | 4.0% |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2006 | Q1 2005 | Change* | |
|---|---|---|---|
Gross Margin | 69.88% | 69.52% | 0.36 |
Op. Margin | (0.32%) | 16.61% | (16.92) |
Net Margin | 0.39% | 17.48% | (17.09) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q1 2006 | Q1 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $32,546 | $95,406 | (65.9%) |
Accounts Rec. | $26,283 | $17,177 | 53% |
Inventory | $2,347 | $2,009 | 16.8% |
Liabilities | Q1 2006 | Q1 2005 | Change |
|---|---|---|---|
Accounts Payable | $2,440 | $2,014 | 21.2% |
Long-Term Debt | $56,806 | $133 | Big% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q1 2006 | Q1 2005 | Change | |
|---|---|---|---|
Cash From Ops. | ($10,023) | ($1,421) | N/A |
Capital Expenditures | $1,569 | $2,428 | (35.4%) |
Free Cash Flow | ($11,592) | ($3,849) | N/A |
Find out why Fools always follow the money.
Related Companies:
- eCollege (NASDAQ:ECLG)
- Microsoft (NASDAQ:MSFT)
- Oracle (NASDAQ:ORCL)
- Apple (NASDAQ:APPL)
Blackboard is aMotley Fool Hidden Gemsrecommendation. A free trial will let you find out why the stock is up more than 61% since it was first recommended in June 2005.
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 checkFool.comfor more of our in-depth discussion of what the numbers mean.
At the time of publication, Seth Jayson had shares of Blackboard and Microsoft but no positions in any other company mentioned. Microsoft is a Motley Fool Inside Value recommendation. Fool rules are here.
