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Income Statement (NONE)
| Q2 '23 | QoQ | |
|---|---|---|
| Revenue | 620,000 | 613.8% |
| Gross Profit | 110,000 | 393.2% |
| Cost of Revenue | 510,000 | 687.2% |
| Operating expense | 2.9M | 14.7% |
| Net Income | -4.4M | 31.6% |
| EBITDA | -4.4M | 28.3% |
Balance Sheet (NONE)
| Q2 '23 | QoQ | |
|---|---|---|
| Total Assets | 25M | 10.4% |
| Total Liabilities | 9.1M | 15.8% |
| Total Equity | 13M | 17.5% |
| Shares Outstanding | 900,000 | 141.3% |
Cash Flow (NONE)
| Q2 '23 | QoQ |
|---|
Financial Highlights for Fresh2 Group in Q2 '23
Fresh2 Group reported a revenue of 620,000, which is a 613.8% 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 110,000, marking a 393.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 510,000, a 687.2% 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 2.9M, showing a -14.7% 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 -4.4M, showing a -31.6% 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 -4.4M, showing a -28.3% 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.
Fresh2 Group faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
