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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Operating expense | 6.1M | 420228.5% |
Net Income | -6.3M | 137430.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 692M | 58.7% |
Total Liabilities | 28M | 7.8% |
Total Equity | 665M | 63.7% |
Shares Outstanding | 218M | 2.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -2.6M | 68.9% |
Cash from financing | 262M | 117045.5% |
EPS
Financial Highlights for Lithium Americas in Q2 '24
Operating Expenses for this period were 6.1M, showing a 420228.5% 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 -6.3M, showing a -137430.4% 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.
Lithium Americas faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.