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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.4M | 235.3% |
| Gross Profit | 1.9M | 61.3% |
| Cost of Revenue | 2.3M | 47.7% |
| Operating expense | 3M | 43.4% |
| Net Income | -1M | 74.7% |
| EBITDA | -880,000 | 76.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 15M | 2.5% |
| Total Liabilities | 4.3M | 6.3% |
| Total Equity | 11M | 5.6% |
| Shares Outstanding | 18M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -430,000 | 54.1% |
| Cash from investing | -9,500 | 99.4% |
EPS
Financial Highlights for Glimpse Group in Q3 '24
Glimpse Group reported a revenue of 2.4M, which is a 235.3% 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 1.9M, marking a 61.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.3M, a -47.7% 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 3M, showing a -43.4% 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 -1M, showing a 74.7% 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 -880,000, showing a 76.3% 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 Glimpse Group with growth in revenue, gross profit, and net income.
