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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 44M | 7.7% |
Gross Profit | 9.6M | 26% |
Cost of Revenue | 57M | 1.7% |
Operating expense | 36M | 22.5% |
Net Income | -26M | 12.7% |
EBITDA | -21M | 15.8% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 348M | 0.8% |
Total Liabilities | 162M | 4.1% |
Total Equity | 186M | 4.7% |
Shares Outstanding | 41M | 4.9% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -2M | 93% |
Cash from investing | -4.1M | 49.4% |
Cash from financing | 4.5M | 418.6% |
EPS
Financial Highlights for Applied Optoelectronics in Q2 '24
Applied Optoelectronics reported a revenue of 44M, which is a 7.7% 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 9.6M, marking a 26% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 57M, a 1.7% 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 36M, showing a 22.5% 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 -26M, showing a -12.7% 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 -21M, showing a -15.8% 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.
Applied Optoelectronics faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.