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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3M | 86.3% |
| Gross Profit | -1.7M | 54.1% |
| Cost of Revenue | 4.7M | 11.8% |
| Operating expense | 21M | 14.9% |
| Net Income | -17M | 22.6% |
| EBITDA | -18M | 18.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 112M | 13.1% |
| Total Liabilities | 15M | 15.9% |
| Total Equity | 97M | 12.7% |
| Shares Outstanding | 48M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -16M | 47.2% |
| Cash from investing | -820,000 | 84.8% |
| Cash from financing | 23,000 | 97.7% |
EPS
Financial Highlights for Shattuck Labs in Q3 '24
Shattuck Labs reported a revenue of 3M, which is a 86.3% 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 -1.7M, marking a 54.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.7M, a -11.8% 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 21M, showing a -14.9% 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 -17M, showing a 22.6% 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 -18M, showing a 18.5% 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 Shattuck Labs with growth in revenue, gross profit, and net income.
