Similar companies
Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 480,000 | 25.1% |
| Gross Profit | -140,000 | 66.2% |
| Cost of Revenue | 620,000 | 22.3% |
| Operating expense | 2.2M | 30% |
| Net Income | -2.7M | 79.7% |
| EBITDA | -2M | 108.6% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 10M | 12.7% |
| Total Liabilities | 5.4M | 57.4% |
| Total Equity | 4.6M | 219.4% |
| Shares Outstanding | 940,000 | 716.2% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -2.6M | 780% |
| Cash from financing | 8.6M | 6250.8% |
EPS
Financial Highlights for Akanda in Q3 '24
Akanda reported a revenue of 480,000, which is a 25.1% 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 -140,000, marking a 66.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 620,000, a -22.3% 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 2.2M, showing a 30% 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 -2.7M, showing a 79.7% 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 -2M, showing a -108.6% 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 Akanda with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
