On Feb. 15, CryptoLogic (NASDAQ:CRYP) released fourth-quarter earnings for the period ended Dec. 31.

  • Top and bottom lines tumbled, primarily because of the legislation effectively banning online gaming in the United States.
  • The company launched several poker-related sites in Europe, including Playboy's (NYSE:PLA).
  • Cryptologic plans to bring on a new CEO after establishing a headquarters in Ireland in 2007.
  • Motley Fool Hidden Gems recommendation Cryptologic carries a four-star rating in Motley Fool CAPS.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$18,984

$25,061

(24.2%)

Net Profit

$1,712

$5,825

(70.6%)

EPS

$0.12

$0.43

(72.1%)

Diluted Shares

13,736

13,665

0.5%



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

Margin Checkup

Q4 2006

Q4 2005

Change*

Operating Margin

14.6%

20.3%

(5.6)

Net Margin

9.0%

23.2%

(14.2)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$126,940

$97,634

30.0%

Accounts Rec.

$8,251

$8,629

(4.4%)



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$47,766

$37,495

27.4%

Long-Term Debt

$0

$0

N/A

User Funds on Deposit

$20,872

$25,953

(19.6%)



Learn the ways of the balance sheet.

Cash Flow Highlights

Q4 2006

Q4 2005

Change

Cash From Ops.

$5,269

$11,275

(53.3%)

Capital Expenditures

$4,613

($1,041)*

N/A

Free Cash Flow

$656

$12,316

(94.7%)

*Net capex is negative because of sales of capital assets.

Find out why Fools always follow the money.

Related Companies:

  • World Poker Tour (NASDAQ:WPTE)
  • GigaMedia (NASDAQ:GIGM)
  • Progressive Gaming International (NASDAQ:PGIC)

Related Foolishness:

CryptoLogic is a Hidden Gems pick. Take the newsletter for a 30-day free trial.

Playboy is a Rule Breakers recommendation.

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.