Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 21M | 2.6% |
| Gross Profit | 8M | 23.3% |
| Cost of Revenue | 13M | 7.2% |
| Operating expense | 2.7M | 1.4% |
| Net Income | 5.8M | 17.4% |
| EBITDA | 6.1M | 60% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.92B | 2.5% |
| Total Liabilities | 1.74B | 2.2% |
| Total Equity | 174M | 6% |
| Shares Outstanding | 6.5M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.3M | 68.1% |
| Cash from investing | -25M | 6097.7% |
| Cash from financing | 40M | 181.8% |
EPS
Financial Highlights for First United in Q3 '24
First United reported a revenue of 21M, which is a 2.6% 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 8M, marking a 23.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 13M, a -7.2% 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 2.7M, showing a -1.4% 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 5.8M, showing a 17.4% 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 6.1M, showing a -60% 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 First United with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
