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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 203M | 3% |
Gross Profit | 26M | 11.1% |
Cost of Revenue | 200M | 2.7% |
Operating expense | 28M | 4.1% |
Net Income | -5.1M | 43.1% |
EBITDA | 89,000 | 97.5% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 948M | 1% |
Total Liabilities | 253M | 2.8% |
Total Equity | 695M | 0.3% |
Shares Outstanding | 34M | 0.5% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 17M | 264.1% |
Cash from investing | -2.8M | 36.6% |
Cash from financing | -2.4M | 111.1% |
EPS
Financial Highlights for Ichor Systems in Q2 '24
Ichor Systems reported a revenue of 203M, which is a 3% 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 26M, marking a 11.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 200M, a -2.7% 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 28M, 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 -5.1M, showing a 43.1% 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 89,000, showing a -97.5% 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 Ichor Systems with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.