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

*Expressed in percentage points.

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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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.