TEARLAB CORP's gross profit margin for the second quarter of its fiscal year 2014 has significantly increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. TEARLAB CORP is extremely liquid. Currently, the Quick Ratio is 5.45 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 402.23% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q2 FY14||Q2 FY13|
|Net Sales ($mil)||5.0||3.53|
|Net Income ($mil)||-5.44||-12.02|
|Balance Sheet||Q2 FY14||Q2 FY13|
|Cash & Equiv. ($mil)||25.57||7.23|
|Total Assets ($mil)||40.27||18.56|
|Total Debt ($mil)||0.0||0.0|
|Profitability||Q2 FY14||Q2 FY13|
|Gross Profit Margin||-102.3||-137.65|
|Return on Assets||-48.14||-155.4|
|Return on Equity||-55.34||-413.44|
|Debt||Q2 FY14||Q2 FY13|
|Share Data||Q2 FY14||Q2 FY13|
|Shares outstanding (mil)||33.59||29.88|
|Div / share||0.0||0.0|
|Book value / share||1.04||0.23|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||374768.0||456885.0|
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. To use another comparison, its price-to-book ratio of 3.88 indicates a premium versus the S&P 500 average of 2.76 and a discount versus the industry average of 4.21. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, TEARLAB CORP seems to be trading at a premium to investment alternatives within the industry.
|TEAR NM||Peers 29.88||TEAR NM||Peers 22.00|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
TEAR's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
TEAR's P/CF is negative making the measure meaningless.
|TEAR NM||Peers 20.22||TEAR NA||Peers 0.90|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
TEAR's ratio is negative making this valuation measure meaningless.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|TEAR 3.88||Peers 4.21||TEAR 36.64||Peers 58.95|
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
TEAR is trading at a valuation on par with its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, TEAR is expected to significantly trail its peers on the basis of its earnings growth rate.
|TEAR 7.62||Peers 4.12||TEAR 102.40||Peers 5.60|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
TEAR is trading at a significant premium to its industry.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
TEAR has a sales growth rate that significantly exceeds its peers.
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