On May 3, Silicon Image (NASDAQ:SIMG), which makes semiconductors for digital media, released first-quarter earnings for the period ended March 31.

  • Revenue rose by 17% to $69.1 million, which management attributed to expanding use of the High-Definition Multimedia Interface (HDMI) standard.

  • For Q2, 2007, the company expects revenue of $75 million to $79 million, with gross margins of 50% to 52%.

  • Silicon Image still carries a solid four-star rating in Motley Fool CAPS.

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

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$69,119

$59,099

17%

Net Profit

$2,916

$2,352

24%

EPS

$0.03

$0.03

0%

Diluted Shares

89,549

85,398

4.9%

Get back to basics with the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

55.5%

57.1%

(1.6)

Operating Margin

4.9%

4.2%

0.8

Net Margin

4.2%

4%

0.2

*Expressed in percentage points

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$224,025

$167,490

33.8%

Accounts Rec.

$33,226

$37,339

(11%)

Inventory

$24,551

$18,039

36.1%

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$12,216

$16,029

(23.8%)

The balance sheet reflects the company's health.

Cash Flow Highlights
Oops, looks like we've lost a signal. The company didn't include a cash flow statement.

Free cash flow is a Fool's best friend.

Related Foolishness:

Small caps. Large caps. Fool CAPS! The Motley Fool's investor-intelligence community rates thousands of stocks to help you improve your own stock selections. Join today for a fun new way to research stocks.

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.