On March 14, eCollege.com
- The company continues to explore strategic options for its enrollment division, which eCollege considers as discontinued operations.
- Average revenue per client increased 23% in the fourth quarter.
- The company expects revenue growth for the first quarter of 2007 in the range of 22% to 24%.
- eCollege has an impressive five-star rating (the highest possible) in Motley Fool CAPS, while competitor and Motley Fool Hidden Gems recommendation Blackboard
(NASDAQ:BBBB) has a four-star rating.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$13,851 |
$11,031 |
25.6% |
|
Net Profit* |
$2,445 |
$1,251 |
95.4% |
|
EPS |
$0.11 |
$0.05 |
120.0% |
|
Diluted Shares |
22,996 |
22,773 |
1.0% |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
72.4% |
70.4% |
2.1 |
|
Operating Margin |
28.2% |
18.4% |
9.8 |
|
Net Margin |
17.7% |
11.3% |
6.3 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$7,540 |
$9,627 |
(21.7%) |
|
Accounts Rec. |
$6,084 |
$3,506 |
73.5% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$396 |
$643 |
(38.4%) |
|
Long-Term Debt |
$280 |
$250 |
12.0% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$16,198 |
$10,327 |
56.9% |
|
Capital Expenditures |
$3,507 |
$2,560 |
37.0% |
|
Free Cash Flow |
$12,691 |
$7,767 |
63.4% |
Free cash flow is a Fool's best friend.
Related Foolishness:
- Foolish Forecast: Blackboard's Clean Record
- Blackboard Gets High Marks
- Foolish Forecast: Final Exams at eCollege
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.
