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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 710,000 | 316% |
Gross Profit | 210,000 | 109.3% |
Cost of Revenue | 500,000 | 78.8% |
Operating expense | 8.6M | 33.5% |
Net Income | -8.3M | 47.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 11M | 16.1% |
Total Liabilities | 4.2M | 15.9% |
Total Equity | 6.5M | 16.1% |
Shares Outstanding | 52M | 5.7% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -8.3M | 29.5% |
Cash from investing | 71,000 | 91.2% |
Cash from financing | 6.8M | 79.8% |
EPS
Financial Highlights for Safety Shot in Q2 '24
Safety Shot reported a revenue of 710,000, which is a 316% 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 210,000, marking a 109.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 500,000, a -78.8% 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 8.6M, showing a -33.5% 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 -8.3M, showing a 47.2% 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.
It was a positive quarter for Safety Shot with growth in revenue, gross profit, and net income.