On Nov. 3, online gaming software developer Cryptologic (NASDAQ:CRYP) released third-quarter earnings for the period ended Sept. 30.
- Sales increased by 32% because of solid organic growth in Internet poker and Internet casino fees.
- Cryptologic grew its cash hoard, and it remains debt-free.
- CEO Lewis Rose said the UIGEA will have a "significant short-term impact on future financial results."
- Hidden Gems selection Cryptologic has a four-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$27,690 |
$21,049 |
31.6% |
|
Net Profit |
$7,244 |
$5,127 |
41.3% |
|
EPS |
$0.53 |
$0.36 |
47.2% |
|
Diluted Shares |
13,789 |
14,063 |
(1.9%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
39.0% |
39.2% |
(0.2) |
|
Operating Margin |
23.6% |
23.3% |
0.3 |
|
Net Margin |
26.2% |
24.4% |
1.8 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$127,748 |
$90,096 |
41.8% |
|
Accounts Rec. |
$9,078 |
$7,764 |
16.9% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$48,643 |
$32,612 |
49.2% |
|
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$5,666 |
$14,238 |
(60.2%) |
|
Capital Expenditures |
$2,061 |
$4,683 |
(56.0%) |
|
Free Cash Flow |
$3,605 |
$9,555 |
(62.3%) |
Find out why Fools always follow the money.
Related Companies:
- WPT Enterprises (NASDAQ:WPTE)
- MGM Mirage (NYSE:MGM)
- Optimal Group (NASDAQ:OPMR)
- GigaMedia (NASDAQ:GIGM)
Related Foolishness:
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- Doubling Down on Online Gaming Stocks
CryptoLogic is a Motley Fool Hidden Gems recommendation. Which stocks are making the list of potentially life-changing investments these days? Take a free 30-day trial and find out.
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