Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 692M | 6.4% |
| Gross Profit | 43M | 1084.1% |
| Cost of Revenue | 648M | 0.3% |
| Operating expense | 390M | 2.9% |
| Net Income | 55M | 112.8% |
| EBITDA | 185M | 25.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 13.4B | 0.1% |
| Total Liabilities | 5.55B | 0.6% |
| Total Equity | 7.87B | 0.3% |
| Shares Outstanding | 123M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 159M | 7.5% |
| Cash from investing | 121M | 768.2% |
| Cash from financing | -26M | 24.3% |
EPS
Financial Highlights for Revvity in Q2 '24
Revvity reported a revenue of 692M, which is a 6.4% 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 43M, marking a 1084.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 648M, a 0.3% 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 390M, 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 55M, showing a 112.8% 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 185M, showing a 25.3% 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 Revvity with growth in revenue, gross profit, and net income.
