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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 227M | 2.4% |
| Gross Profit | 82M | 12.9% |
| Cost of Revenue | 236M | 55.8% |
| Operating expense | 152M | 65.5% |
| Net Income | -50M | 84.6% |
| EBITDA | -26M | 91.8% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.29B | 2.8% |
| Total Liabilities | 631M | 1.7% |
| Total Equity | 660M | 6.7% |
| Shares Outstanding | 79M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 20M | 45.6% |
| Cash from investing | -16M | 27.5% |
| Cash from financing | -670,000 | 83.9% |
EPS
Financial Highlights for ADTRAN in Q2 '24
ADTRAN reported a revenue of 227M, which is a 2.4% 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 82M, marking a 12.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 236M, a -55.8% 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 152M, showing a -65.5% 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 -50M, showing a 84.6% 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 -26M, showing a 91.8% 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.
It was a positive quarter for ADTRAN with growth in revenue, gross profit, and net income.
