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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 550M | 8.5% |
| Gross Profit | 232M | 13.5% |
| Cost of Revenue | 319M | 5.1% |
| Operating expense | 62M | 5.1% |
| Net Income | 128M | 23.3% |
| EBITDA | 169M | 18.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.16B | 0.3% |
| Total Liabilities | 970M | 8.5% |
| Total Equity | 188M | 97.9% |
| Shares Outstanding | 60M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 234M | 1% |
| Cash from investing | -2.6M | 39.5% |
| Cash from financing | -192M | 6.5% |
EPS
Financial Highlights for Ubiquiti Networks in Q3 '24
Ubiquiti Networks reported a revenue of 550M, which is a 8.5% 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 232M, marking a 13.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 319M, a 5.1% 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 62M, showing a -5.1% 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 128M, showing a 23.3% 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 169M, showing a 18.4% 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 Ubiquiti Networks with growth in revenue, gross profit, and net income.
