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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 235M | 8.6% |
Gross Profit | 170M | 9% |
Cost of Revenue | 237M | 0.8% |
Operating expense | 278M | 4.1% |
Net Income | -90M | 3.3% |
EBITDA | -80M | 6.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 2.53B | 3.6% |
Total Liabilities | 1.65B | 3.8% |
Total Equity | 874M | 3.4% |
Shares Outstanding | 319M | 1.7% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 8.6M | 133.1% |
Cash from investing | -47M | 177.5% |
Cash from financing | 13M | 56.4% |
EPS
Financial Highlights for Confluent in Q2 '24
Confluent reported a revenue of 235M, which is a 8.6% 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 170M, marking a 9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 237M, a 0.8% 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 278M, showing a 4.1% 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 -90M, showing a 3.3% 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.
The company's EBITDA for the quarter was -80M, showing a 6.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Confluent with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.