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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.7M | 33.9% |
| Gross Profit | -8.7M | 7.2% |
| Cost of Revenue | 10M | 10.8% |
| Operating expense | 31M | 9.3% |
| Net Income | -27M | 10.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 235M | 7.9% |
| Total Liabilities | 34M | 0.4% |
| Total Equity | 201M | 9.1% |
| Shares Outstanding | 114M | 0.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -21M | 23.1% |
| Cash from investing | 15M | 1079.8% |
| Cash from financing | 490,000 | 465.7% |
EPS
Financial Highlights for Absci in Q3 '24
Absci reported a revenue of 1.7M, which is a 33.9% 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 -8.7M, marking a -7.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 10M, a 10.8% 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 31M, showing a 9.3% 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 -27M, showing a -10.7% 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.
Absci 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.
