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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Gross Profit | -23M | 47.8% |
| Cost of Revenue | 23M | 47.8% |
| Operating expense | 121M | 14.8% |
| Net Income | -107M | 8.2% |
| EBITDA | -119M | 15.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 484M | 5.3% |
| Total Liabilities | 150M | 13.9% |
| Total Equity | 334M | 11.9% |
| Shares Outstanding | 334M | 4.3% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -81M | 6.9% |
| Cash from investing | -21M | 20.8% |
| Cash from financing | 56M | 25% |
EPS
Financial Highlights for Archer Aviation in Q2 '24
Gross Profit stood at -23M, marking a 47.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 23M, a -47.8% 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 121M, showing a -14.8% 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 -107M, showing a 8.2% 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 -119M, showing a 15.2% 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.
The company's performance remained stable this quarter with no significant positive or negative changes in the key financial metrics.
