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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 269M | 33.2% |
| Gross Profit | 366M | 80.3% |
| Cost of Revenue | -97M | 9600% |
| Operating expense | 44M | 7.3% |
| Net Income | 171M | 119.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 12.3B | 1.7% |
| Total Liabilities | 6.51B | 0.2% |
| Total Equity | 5.73B | 3.4% |
| Shares Outstanding | 52M | 3.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 17M | 70.7% |
| Cash from investing | 204M | 134.5% |
| Cash from financing | -159M | 8.1% |
EPS
Financial Highlights for Assured Guaranty in Q3 '24
Assured Guaranty reported a revenue of 269M, which is a 33.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 366M, marking a 80.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was -97M, a -9600% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 44M, showing a 7.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 171M, showing a 119.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Assured Guaranty with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
