On March 8, oven and cooking equipment maker TurboChef Technologies
- The earnings news affected investors, who sent the stock down about 8%.
- The slightly-lower-than-expected revenue total was attributed to "some customer delays on orders that are now expected to occur in early 2007."
- Management expects commercial revenues of $75 million to $85 million for 2007.
- Compared with rival Middleby's
(NASDAQ:MIDD) five stars, TurboChef gets just one from our Motley Fool CAPS investors.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$15,238.0 |
$9,282.0 |
64.2% |
|
Net Profit |
($4,731.0) |
($7,094.0) |
N/A |
|
EPS |
($0.16) |
($0.25) |
N/A |
|
Diluted Shares |
29,060.0 |
28,830.0 |
0.8% |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
36.5% |
24.7% |
11.9 |
|
Operating Margin |
(31.7%) |
(79.1%) |
47.4 |
|
Net Margin |
(31.1%) |
(76.4%) |
45.4 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$19,675.0 |
$40,098.0 |
(50.9%) |
|
Accounts Rec. |
$11,001.0 |
$7,314.0 |
50.4% |
|
Inventory |
$11,311.0 |
$10,994.0 |
2.9% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$9,200.0 |
$6,166.0 |
49.2% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($17,112.0) |
($20,188.0) |
N/A |
|
Capital Expenditures |
$5,460.0 |
$3,098.0 |
76.2% |
|
Free Cash Flow |
($22,572.0) |
($23,286.0) |
N/A |
Free cash flow is a Fool's best friend.
Related Foolishness:
Middleby is a Motley Fool Hidden Gems recommendation. For outstanding small-cap stocks flying under the market's radar, join Tom Gardner and other investors like you on the Hidden Gems discussion boards -- available for 30 days with a free trial.
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.
