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Turbochef Dices Q3: Fool by Numbers

By Motley Fool Contributors - Updated Nov 15, 2016 at 5:22PM

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Fast facts the Fool way.

On Nov. 8, Turbochef (NASDAQ:OVEN), a designer, manufacturer, and marketer of a variety of speed-cooking solutions, released third-quarter earnings for the period ended Sept. 30.

  • Revenues surged 13.4%, helped by increase in revenue from non-Subway customers.
  • Gross margins moved into positive territory after last year's extended warranty program put a damper on margins.
  • Turbochef has a one-star rating in Motley Fool CAPS.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$13,401

$11,814

13.4%

Net Profit

($10,668)

($16,715)

N/A

EPS

($0.37)

($0.59)

N/A

Diluted Shares

28,835.8

28,525.1

1.1%



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

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

37.7%

(22.9%)

60.6

Operating Margin

(81.3%)

(145%)

63.7

Net Margin

(79.6%)

(141.5%)

61.9

*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.

$25,902

$46,656

(44.5%)

Accounts Rec.

$8,345

$8,578

(2.7%)

Inventory

$10,249

$11,732

(12.6%)



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$6,720

$5,853

14.8%

Long-Term Debt

$0

$0

N/A



Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

($12,01)

($13,850)

N/A

Capital Expenditures

$2,876

$2,649

8.6%

Free Cash Flow

($14,895)

($16,499)

N/A


Find out why Fools always follow the money.

Related Companies:

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  • ComtechGroup (NASDAQ:COGO)
  • Middleby (NASDAQ:MIDD)

Related Foolishness:

Middlebyis a Hidden Gems recommendation. Afree trial will let you find out why.

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.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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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