Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 253M | 7.7% |
| Gross Profit | 102M | 8.8% |
| Cost of Revenue | 242M | 1.9% |
| Operating expense | 91M | 5.6% |
| Net Income | 12M | 802.2% |
| EBITDA | 31M | 96.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.53B | 1.7% |
| Total Liabilities | 510M | 0.1% |
| Total Equity | 1.02B | 2.6% |
| Shares Outstanding | 49M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 56M | 32.3% |
| Cash from investing | -34M | 29.6% |
| Cash from financing | 830,000 | 389.5% |
EPS
Financial Highlights for Freshpet in Q3 '24
Freshpet reported a revenue of 253M, which is a 7.7% 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 102M, marking a 8.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 242M, a 1.9% 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 91M, showing a -5.6% 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 12M, showing a 802.2% 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.
The company's EBITDA for the quarter was 31M, showing a 96.7% 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 Freshpet with growth in revenue, gross profit, and net income.
