LeapFrog Enterprises: A Discussion Of The Brand's Potential Value
Blue Pacific Partners • 43 Comments
Blue Pacific Partners • 43 Comments
LeapFrog Continues To Offer Rare And Compelling Value Going Into The Holidays
Wisdom's Reward • 39 Comments
Wisdom's Reward • 39 Comments
Mon, Mar. 28, 7:19 AM
Tue, Feb. 9, 5:03 PM
- LeapFrog Enterprises (NYSE:LF): FQ3 EPS of -$0.61 misses by $0.22.
- Revenue of $83.09M (-42.5% Y/Y) misses by $21.01M.
- Shares -17.62% AH.
Fri, Feb. 5, 11:18 AM
- VTech acquires LeapFrog Enterprises (LF +70.9%) for $1.00 per share.
- The company traded over $10 just three years ago before buckling under to a seismic shift with young children increasingly learning by iPads and other mobile devices.
- Shares of LeapFrog are up 71% to $0.97.
Dec. 23, 2015, 11:57 AM
- LeapFrog (NYSE:LF) states Consumer Reports has named its $140 Epic Android kids tablet one of the year's top kids tablets. It adds testers recommended the Epic for its "ground-breaking home screen which allows children to personalize, create, and interact with its innovative features," and that it was one of the few tested devices to survive a test involving a tumbler machine.
- LeapFrog can use all the good press it can get: Shares remain down 84% YTD amid ongoing solvency fears. The company's market cap ($53M) is nearly even with the $52.6M cash balance it had at the end of September.
Nov. 21, 2015, 10:29 AM
- Global toy sales are up 7% for the first nine months of the year, according to data from markets tracked by NPD Group.
- The solid read on demand is positive heading into the holiday period when close to half of all annual sales are struck. Most forecasts from analysts call for a brisk pace to toy sales in Q4 with Star Wars and emerging markets a major factor.
- Toy sales in Russia (+34%) and Mexico (+18%) are rising rapidly, while France (-0.7%) was the only major market with a dip. The U.S. (+7.5%) and Germany (+7.6%) were slightly ahead of the average. China, Japan, and other Asia nations weren't included in the NPD study. Volume has been solid in those markets, but the F/X conversion painful for U.S. firms.
- By product, Mattel's (NASDAQ:MAT) Hot Wheels and Minecraft toys are selling well in the U.S., while there's been an unexpected surge for Hasbro's (NASDAQ:HAS) Furby in Russia and Poland. Spin Master (OTC:SNMSF), Denmark's The Lego Group, JAKKS Pacific (NASDAQ:JAKK), Mega Brands (owned by Mattel), Playmobil, and Flair Preziosi have all made recent best-selling toy lists.
- Not expected to be have a banner holiday season is LeapFrog (NYSE:LF) which has shrunk to a $47M market cap in a death-by-tablet scenario.
- On the retail side, Amazon (NASDAQ:AMZN) has increased toy market share in recent years at the expense of Toy "R" Us, Target (NYSE:TGT), and Wal-Mart (NYSE:WMT). The Seattle giant makes things tough for its e-commerce rivals by strategically changing prices on thousands of items a day in a battle of algorithms.
Nov. 9, 2015, 4:31 PM
- "Our sales were impacted by a far tougher retail landscape around the world than last year, with many of our key retail partners managing their inventories very tightly, resulting in more conservative and later placement of their up-front holiday orders," says LeapFrog (NYSE:LF) CEO John Barbour. "These challenges were compounded by reduced retail space support for our line and tough prior year comparisons from large shipments of clearance tablets and LeapBand last year. Our revenues were also reduced by significant markdown allowances to support our promotion plans for LeapTV over the holidays and our strategic move to tiered pricing on cartridge content."
- He adds international sales continue to be hurt by Target's Canadian exit, inventory issues at an overseas distributor, and a strong dollar. Losses grew due to lower sales, markdown allowances, LeapTV inventory charges, and ERP implementation and litigation expenses.
- In response to its struggles, the company laid off 150 employees (26% of its workforce) in October. The board and management are said to be exploring "all financial, strategic and structural alternatives available to the Company."
- LeapFrog ended FQ2 with $52.6M in cash, down from $88.2M at the end of FQ1. U.S. sales fell 41% Y/Y, and international sales 39%. Ahead of the job cuts, GAAP operating expenses were nearly flat Y/Y at $410.3M.
- Shares have plunged to $0.68 after hours.
- LeapFrog's FQ2 miss, PR
Nov. 9, 2015, 4:09 PM
- LeapFrog Enterprises (NYSE:LF): FQ2 EPS of -$0.48 misses by $0.29.
- Revenue of $67.2M (-40.9% Y/Y) misses by $21.29M.
- Shares -11.3%.
Nov. 8, 2015, 5:35 PM
- AEGR, AMBC, APEI, APPS, APU, ASEI, ATW, BDE, BEAT, CALL, CARA, CHMI, CKEC, CZR, DEPO, DTSI, EGY, ENV, FF, GALE, HALO, HMIN, IFF, IPAR, JAZZ, JIVE, JMBA, KEYW, LEAF, LF, LGF, LGND, MDR, MODN, NOR, NSPH, OMER, OPK, PDM, PFIE, PINC, PSIX, PTCT, PTLA, PVA, QNST, RARE, RAX, RBCN, REN, REXX, RLD, RMTI, SB, SBRA, SCLN, SUNE, TERP, TPC, TTEC, TTGT, TUBE, TXTR, UGI, VSAT, WWD, XON, XONE, ZGNX
Oct. 15, 2015, 10:15 AM
- Beaten-down LeapFrog (NYSE:LF) is posting big gains in morning trading. 557K shares have already been traded; the 3-month daily average is 710K.
- The electronic toy/kids tablet maker is still down 76% YTD. With major losses continuing, the company's market cap ($79M) is less than its cash balance at the end of June ($88.2M).
Aug. 19, 2015, 6:06 PM
- Oppenheimer has launched coverage on LeapFrog (NYSE:LF) with an Outperform rating and $3 target.
- Shares have risen to $0.98 after hours. They remain down 79% YTD, as liquidity/solvency fears continue running high following multiple earnings disappointments. LeapFrog ended March with $88.2M in cash, down from $199.2M a year earlier and above a current market cap of $69M.
Aug. 4, 2015, 4:17 PM
- LeapFrog Enterprises (NYSE:LF): FQ1 EPS of -$0.39 misses by $0.11.
- Revenue of $38.68M (-17.7% Y/Y) beats by $8.76M.
Aug. 3, 2015, 5:35 PM
- ACHC, ACLS, AFG, AHS, AMSG, ARC, ATVI, AWAY, AWR, BKH, BW, CDE, CENT, CERN, CHUY, CSU, CVG, CWEI, CZR, DIS, DVA, DVN, DWA, ECOM, ECYT, ENPH, ENSG, EOX, EPAM, EPR, ETSY, EXAR, FSLR, FWM, G, GDOT, GHDX, GLUU, GNW, HCI, HIW, HRZN, INAP, INVN, JCOM, JIVE, LBTYA, LC, LF, LGND, MASI, MATX, MBI, MDRX, MHLD, MPO, MRCY, MTDR, NBR, NEWP, NFX, NSTG, NYMT, OAS, OCLR, OFIX, OKE, OKS, PAA, PAGP, PAYC, PBPB, PKD, PQ, PRMW, PTLA, PXD, PZZA, QNST, QUAD, REGI, REXX, RIGL, RLOC, RMTI, RPAI, RXN, SBRA, SKT, SMCI, SUPN, SYNC, THOR, TMH, TRMB, TROX, TTGT, TWO, TX, UNTD, UNXL, USNA, WR, WTR, XEC, XXIA, Y, Z, ZAGG, ZEN
Jun. 12, 2015, 9:11 AM
Jun. 11, 2015, 5:21 PM
- "We expect fiscal year 2016 sales to contract considerably relative to the prior year, and operating losses for fiscal year 2016 to be similar to or greater than fiscal year 2015 losses, excluding goodwill and long-lived asset impairments," says LeapFrog (NYSE:LF) in its FQ4 report. The FY16 (ends March '16) consensus is currently for revenue to rise 4% Y/Y to $351.9M, and EPS to improve to -$0.41 from FY15's -$1.08.
- The children's tablet/electronic toy maker blames its FQ4 performance on "high carry-forward retail inventories from the holidays, lower demand for our tablets and associated content and the later than planned shipment and promotion of LeapTV."
- The company states its turnaround plan centers around "the diversification of the LeapFrog brand into new children's product categories, the stabilization and broadening of our current product lines and the growth of content share of our business, including the distribution of our award-winning content beyond our hardware base to other platforms."
- Financials: GAAP gross margin fell to just 10.3% from 37.1% a year ago. Excluding a $36.5M impairment charge, operating expenses rose 6% Y/Y to $42.3M. LeapFrog ended Q1 with $127.2M in cash, and no debt.
- Shares have plunged to $1.73 AH, making new 52-week lows in the process.
- Q1 results, PR
Jun. 11, 2015, 4:08 PM
- LeapFrog Enterprises (NYSE:LF): FQ4 EPS of -$0.56 misses by $0.35.
- Revenue of $33.93M (-40.4% Y/Y) misses by $14.4M.
Jun. 10, 2015, 5:35 PM