Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 41M | 11.7% |
| Gross Profit | 31M | 12.7% |
| Cost of Revenue | 9.6M | 8.7% |
| Operating expense | 32M | 2.9% |
| Net Income | 7M | 54.6% |
| EBITDA | 8M | 8.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 347M | 8.5% |
| Total Liabilities | 287M | 3% |
| Total Equity | 60M | 46.2% |
| Shares Outstanding | 12M | 11.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 22M | 205.5% |
| Cash from investing | 390,000 | 80.1% |
| Cash from financing | -550,000 | 356.8% |
EPS
Financial Highlights for Kingstone Companies in Q3 '24
Kingstone Companies reported a revenue of 41M, which is a 11.7% 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 31M, marking a 12.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 9.6M, a 8.7% 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 32M, showing a 2.9% 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 7M, showing a 54.6% 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 8M, showing a 8.9% 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 Kingstone Companies with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
