On April 25, semiconductor tester and Motley Fool Hidden Gems recommendation FormFactor (NASDAQ:FORM) released earnings for the first quarter ended March 31.

  • The company introduced and shipped the PH150XP, its first 26,000 pin-count wafer probe card and an extension of its benchmark PH150 product family for DRAM wafer testing.
  • FormFactor has a stellar five-star rating in The Motley Fool's CAPS community. Feel free to add your own rating.

(Figures in millions, except per-share data.)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$102.3

$81.3

25.7%

Net Profit

$14.8

$10.8

37.7%

EPS

$0.30

$0.25

20.0%

Diluted Shares

49.1

43.5

12.9%

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

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

52.5%

50.2%

2.3

Operating Margin

16.3%

18.8%

(2.5)

Net Margin

14.5%

13.2%

1.3

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$505.6

$400.1

26.4%

Accounts Rec.

$73.3

$49.9

46.7%

Inventory

$27.5

$21.1

30.2%

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$38.2

$23.2

64.5%

The balance sheet reflects the company's health.

Cash Flow Highlights
No cash flow data. Management foils us again.

Free cash flow is a Fool's best friend.

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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.