On Nov. 7, education software provider Blackboard
- Revenues increased 40% to $50.4 million, driven by annual license fees.
- The acquisition of WebCT and stock-options expensing were part of the $0.17-per-share loss. However, even the pro-forma gain of $0.02 per share doesn't compare well to the same period last year, which saw a $0.25-per-share profit.
- Year-to-date free cash flow also dropped, down 86% to $2.4 million.
- Management raised Q4 and full-year guidance by a modest amount.
- This Hidden Gems recommendation receives four out of five stars from our Motley Fool CAPS players.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$50,354.0 |
$35,927.0 |
40.2% |
|
Net Profit |
($4,775.0) |
$7,269.0 |
N/A |
|
EPS |
($0.17) |
$0.25 |
N/A |
|
Diluted Shares |
27,922.9 |
28,829.8 |
(3.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
68.2% |
97.2% |
(29.0) |
|
Operating Margin |
(10.1%) |
18.4% |
(28.5) |
|
Net Margin |
(9.5%) |
20.2% |
(29.7) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$37,045 |
$122,617 |
(69.8%) |
|
Accounts Rec. |
$61,360 |
$33,200 |
84.8% |
|
Inventory |
$2,443 |
$2,053 |
19.0% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$153 |
$1,225 |
(87.5%) |
|
Long-Term Debt |
$42,411 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$10,584 |
$23,366 |
(54.7%) |
|
Capital Expenditures |
$8,188 |
$6,696 |
22.3% |
|
Free Cash Flow |
$2,396 |
$16,670 |
(85.6%) |
Find out why Fools always follow the money.
Related Companies:
-
eCollege.com
(NASDAQ:ECLG)
Related Foolishness:
Blackboard is a Motley Fool Hidden Gems recommendation. Want to know about more small companies poised for big returns? Take a 30-day free trial of the newsletter.
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.
