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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 6.49B | 1% |
Gross Profit | -2.7B | 1.8% |
Cost of Revenue | 9.19B | 1.3% |
Operating expense | 1.3B | 0% |
Net Income | 738M | 2% |
EBITDA | 979M | 0% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 79B | 1.7% |
Total Liabilities | 63.4B | 1.8% |
Total Equity | 15.7B | 1.4% |
Shares Outstanding | 296M | 0.9% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 1.26B | 14.9% |
Cash from investing | -888M | 104.1% |
Cash from financing | -480M | 9.3% |
EPS
Financial Highlights for Hartford in Q2 '24
Hartford reported a revenue of 6.49B, which is a 1% 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 -2.7B, marking a -1.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 9.19B, a 1.3% 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 1.3B, showing a 0% 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 738M, showing a -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 979M, showing a 0% 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.
Hartford 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.